Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Financial Action Task Force (FATF) has advised Pakistan to take further actions including strengthening of anti-money-laundering and counter terrorism financing – AML/CFT supervisory measures by the regulatory authorities.…
ISLAMABAD: National Assembly Standing Committee on Maritime Affairs on Friday has accorded the approval to enhance the number of ships in Pakistan Shipping Corporation (PSC) and for that two new…
The government needs to work on swift and bulk transportation of coal in order to avoid its unnecessary temporary storage that is becoming threat for environment and localities. It has…
KARACHI: State Bank of Pakistan has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry. Currently, SBP offers various subsidized…
KARACHI: The foreign currency buying selling rates as on February 22, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.56 and Selling at Rs138.66.…
KARACHI: Habib Metropolitan Bank (HMB) has announced a net profit of Rs6.42 billion for the year ended December 31, 2018, which is 9.5 percent higher than the profit of Rs5.86…
KARACHI: Bank Alfalah Limited (BAFL) has announced a net profit of Rs10.99 billion for the year ended December 31, 2018, which is 27.8 percent higher than the profit of Rs8.6…
JEDDAH: Advanced Petrochemical Company has announced that its Propylene plant will be shut down for essential assessment for critical reliability improvements for a maximum period of 10 days starting from…
LONDON: Oracle Power PLC has raised £500,000 to help fund its share of the pre-development project work at its electricity plant in Pakistan. Along with Chinese energy giant Beijing Jingneng…
KARACHI: Pakistan’s current account deficit narrowed 16.79 percent to $8.424 billion during the first seven months of the current fiscal year of 2018/19 due to what the government said ‘credibility…
ISLAMABAD: The Federal Board of Revenue (FBR) has advised against imposition of sin tax on the tobacco industry, arguing that it would cause substantial revenue loss in the range of…
NEW DELHI: India’s Minister for Water Resources and River Development Nitin Gadkari on Thursday threatened to stop the flow of water from its eastern rivers to Pakistan and divert it…
KARACHI: Directorate of Customs Intelligence & Investigation Karachi has seized a large quantity of smuggled betel nut loaded in a Hino Truck worth Rs5.25 million. Information was received through Director…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Thursday adjourned hearing of a petition filed by Fauji…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Thursday ordered Pakistan Customs to release a consignment…