Pakistan Customs, Tax, Shipping & Business News Resource
ISLAMABAD: Finance Minister Asad Umar chaired meeting of the Economic Coordination Committee of the Cabinet (ECC) here on Tuesday. ECC approved supplementary grant of Rs 46.4 million for payment to…
PARIS: MEDEF International, the French Business Confederation, will be visiting Pakistan with a large delegation of French businessmen in April this year to forge business and investment ties, says a…
LAHORE: Nestlé Pakistan posted a yearly sales revenue of PKR 124.6 billion for 2018, an increase of about 2% compared to previous year despite increasingly difficult economic conditions.Export sales during…
WILMERDING: Wabtec Corporation (NYSE: WAB) announced it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). This merger establishes Wabtec as a Fortune 500,…
ISLAMABAD: The insurance industry is changing in response to a wide range of social, technological and global economic forces. The last two decades have shown considerable growth in the life…
SINGAPORE: The Board of Directors of Silverlake Axis Ltd have announced that the company and Elite Capital Limited have entered into a sale and purchase agreement with Dialog Innovation Ventures…
Islamabad: Pakistan Telecommunication Company Limited (PTCL)has signed an agreementwith the Indus Resource Center (IRC) for adoption of two schools in remote areas of Khairpur, Sindh. PTCL supports IRC to run…
LONDON: Global food and agri-business Olam International Limited has announced that it has acquired an 85 percent share of YTS Holdings Pte Limited, for a consideration of $90 million, which…
KARACHI: The Board of Directors (BoD) of Nishat Mills Limited (NML) has decided to voluntary windup Nishat UK (Private Limited, a wholly owned subsidiary of Nishat International FZE, which is…
KARACHI: The foreign currency buying selling rates as on February 26, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.96 and Selling at Rs139.06.…
KARACHI: The Federal Board of Revenue (FBR) has proposed to withdraw Duty and Tax Remission for Exporters (DTRE) facility, earlier allowed to the manufacturers-cum-exporters of ghee located in the provinces…
JEDDAH: Saudi International Petrochemical Company (Sipchem) conducted the quarterly financial results earnings call with analysts and investment institutions to discuss its annual financial results ending on 31 December 2018. Sipchem…
JEDDAH: Almarai Company has started issuing international Sukuk to institutional investors – qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and…
JEDDAH: Alkhaleej Training and Education Company has announced the signing of a contract with branch of Airbus Defense and Space GmbH. The company signed a three-year training contract with the…
DUBAI: Al Safwa Mubasher has announced the launching of trading on FTSE Saudi Arabia Index Future to be the latest index provided to its clients to enhance their clients’ market…
DUBAI: Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, has fully acquired Namshi, the leading regional fashion e-commerce retailer. This follows acquiring the remaining stake…
KARACHI: InfraCo Asia Development Pte. Ltd (InfraCo Asia), a company of the Private Infrastructure Development Group (PIDG), is hoping to open up future private sector investment in small hydropower projects…
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Monday stayed auction of medical equipment imported by…
KARACHI: An appellate bench of High Court of Sindh (SHC) fixed March 8 for hearing a petition pertaining to ten Hino prime movers. Rising Sun Construction company filed the petition…
KARACHI: The Pakistan Infrastructure Bank (PIB) is expected to be operational sometime this year. It will provide facility for long term investment to commercially viable projects. It will also provide…