FBR reshuffles top hierarchy of Pakistan Customs
KARACHI: The Federal Board of Revenue (FBR) has reshuffled the top hierarchy of Pakistan Customs Service, as BS-21 and BS-20 officers have been moved. Chief Collector Appraisement South Abdul Rasheed…
SECP registers 1,130 new companies in December
ISLAMABAD: In December, the Securities and Exchange Commission of Pakistan (SECP) registered 1,130 new companies. As compared to the corresponding month of last financial year, it represents a growth of…
Financial monitoring unit refers more cases to FBR’s Inland Revenue Intelligence & Investigation
KARACHI: The Financial Monitoring Unit (FMU) of State Bank of Pakistan (SBP) has forwarded details regarding suspicious transactions of certain individuals to Federal Board of Revenue (FBR). The suspects include…
Subdued food inflation limits consumer price index (CPI) rise to 6.2pc
KARACHI: Consumer Price Index (CPI) for the month of December 2018 clocked-in at 6.2 percent as compared to 6.5 percent registered in November 2018. Housing & utilities (CPI weightage 29.4…
Arshad Jamal elected Vice President FPCCI
KARACHI: Founder of Jamals Group Muhammad Arshad Jamal has been elected Vice President of Federation of Pakistan Chambers of Commerce and Industry (FPCI) for the term 2019 to represent Customs…
New taxes through mini-budget criticized
KARACHI: Berkshire Law Associates have criticized the PTI government’s plan to impose yet another taxation regime through the mini-budget. Chief Consultant at Berkshire Law Associates Anwer Iqbal said instead of…
Engro Elengy Terminal completes 200 ship to ship transfers
KARACHI: Engro Elengy Terminal Ltd (EETL) in nearly 04 years of its safe operation has pumped more than 200 billion cubic feet (BCF) of natural gas in the national grid…
Pakistan’s energy sector circular debt reaches Rs755 billion
ISLAMABAD: The Ministry of Power Division on Tuesday informed the Public Accounts Committee (PAC) that the amount of circular debt had reached Rs755 billion. The committee met at the Parliament…
FBR initiates restructuring of Customs; creates new collectorates
KARACHI: The Federal Board of Revenue (FBR) has initiated restructuring of Pakistan Customs, and formed one new Chief Collectorate along with three new Collectorates across country vide SRO No. 13(I)/2019.…
ECC orders a plan for continuous and smooth operation of urea plants
ISLAMABAD: The meeting of Economic Coordination Committee of the Cabinet (ECC) was held here on Tuesday. Finance Minister Asad Umar chaired the meeting, which reviewed the demand and supply situation…
ASO Karachi seized smuggled goods worth Rs4 million
KARACHI: Anti-smuggling Organisation (ASO) of MCC Preventive Karachi is efficiently continuing it’s campaign against movement of smuggled goods, and seized a container full of smuggled goods. In pursuance of information…
CCP sets aside its show cause notice issued to Wateen Telecom
ISLAMABAD: The Competition Commission of Pakistan (CCP) has set aside and disposed of show cause notice issued to Wateen Telecom Limited and also set aside the findings of its enquiry…
State Bank facilitates exporters by restoring advance payment facility
KARACHI: State Bank of Pakistan (SBP) has allowed the Authorized Dealers to effect advance payments up to USD 10,000/- per invoice on behalf of importers cum exporters for import of…
PTI government must consult KCCI prior to announcing mini budget: Chairman BMG
KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has stressed that the PTI government must honor all its commitments made…
Pak-Qarar Family Takaful inaugurates new branch
KARACHI: Pak-Qatar Family Takaful Limited (PQFTL) inaugurated its Gujrat city branch in Punjab recently. The PQFTL branch was inaugurated by the Deputy CEO Pak-Qatar Family Takaful, Mr. Muhammad Menhas along…
Meezan Bank becomes the First Bank in Pakistan to introduce e-Rights Shares Subscription Services for Investors
Karachi: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan – 2018, has successfully launched its electronic-Right shares (e-Rights) subscription facility, through which, account holders of Meezan…
Principal Appraiser Bahadur Khan given farewell
KARACHI: MCC Appraisement East held a farewell party in the owner of Principal Appraiser Bahadur Khan, who is retiring on January 01, 2019. Bahadur Khan’s entire service has been quite…
Suspicious transactions: Financial Monitoring Unit forwards several cases to FBR
KARACHI: The Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP) has detected a number of suspicious transactions, and the reports in this regard have been forwarded to…
Draft bills on marine laws handed over to shipping minister
KARACHI: The All Pakistan Shipping Association (APSA) has handed over draft bills on Carriage of goods by Sea Act, 2017 and Sea Carriage Shipping Documents Act 2017 (COGSA) to Federal…
SRB posts 14.36pc growth in revenue collection
KARACHI: Sindh Revenue Board (SRB) has collected Rs44.373 billion during the first six months (July-December) of the financial year 2018-19 as compared to the collection of Rs38.802 billion, registering a…