Agha Steel Launches 1st Company Operated Retail Outlet
Karachi: Agha Steel Industries Limited launched its 1st Company Operated Point of Sale, in Hyderabad, at the commercial hub of Hyderabad Super Highway Road. The ASIL Outlet will serve the…
FBR issues advice for payment of Rs7.23 billion Sales Tax refunds
KARACHI: Federal Board of Revenue (FBR) has issued an advice to the State Bank of Pakistan (SBP) for making payment of sales tax refunds amounting to Rs7.236 billion to facilitate…
Pakistan Customs surpasses target by collecting Rs444 billion in 8 months
KARACHI: Pakistan Customs has surpassed its target by collecting Rs 444 billion in first eight months of the current financial year i.e., July-February 2018-19. Target for collection of customs duty…
Imran Khan meets business community leaders
ISLAMABAD: PTI Government is working on a comprehensive plan to encourage non-tax payers and informal sectors join the documented economy. In this regard the Prime Minister invited the Business Community…
BankIslami announces 2018 annual financial results
Karachi: The Board of Directors of BankIslami has approved the Bank’s Annual Audited Financial Statements, for the year ended December 31, 2018, in their meeting held in Karachi on February…
Re-emergence of food inflation lifts CPI 8.2pc
KARACHI: Consumer Price Index (CPI) for the month of Feb’19 rose 8.2%YoY as compared to an increase of 7.2%YoY registered in Jan’19. On a MoM basis, CPI incremented 0.6% in…
Ahsan Zafar Syed appointed CEO of Engro Energy
KARACHI: Engro Corporation announced the appointment of Ahsan Zafar Syed as the Chief Executive Officer of Engro Energy Limited (EEL) – a wholly owned subsidiary of Engro Corporation Limited (ECORP).…
Ahsan Zafar Syed appointed Chief Executive Officer of Engro Energy
Karachi: Engro Corporation announced the appointment of Ahsan Zafar Syed as the Chief Executive Officer of Engro Energy Limited (EEL) – a wholly owned subsidiary of Engro Corporation Limited (ECORP).…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on March 04, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.65 and Selling at Rs138.75.…
Flight operations restored completely: PIA
LAHORE: After the resumption of flight operations from Allama Iqbal International Airport Lahore, PIA has started its scheduled flights for domestic station as well as international destinations, PIA spokesman said…
PTI government optimistic to realise $5.6 billion from multilateral, bilateral sources
ISLAMABAD: Disbursement from multilateral and bilateral lenders remains strong, and PTI government is optimistic to achieve target of $5.6 billion by June, 2019. During the first seven months of current…
KE partners with OUP to bring Karachi Literature Festival 2019
KARACHI: K-Electric (KE) has partnered with the Oxford University Press (OUP) to bring the 10th edition of Karachi Literature Festival (KLF) 2019 being held from 1st to 3rd March at…
Pakistan starts engaging with global ICT policy makers and regulators
KARACHI: Pakistan starts engaging with global ICT policy makers and regulators to understanding the best practices for evolving the ICT sector of Pakistan on international pace and standards. Federal Minister…
PIA starts restoration of normal flight schedule
KARACHI: Pakistan International Airlines (PIA) has started with restoration of its normal flight schedule from Karachi, Islamabad, Peshawar and Quetta stations after remaining suspended for four days. PIA has restored…
Limit of PSX shareholding for foreigners increased to 20pc
KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has announced increasing the limit applicable on foreign persons or institutions for acquiring or holding of Pakistan Stock Exchange (PSX) shares…
Chairman FBR approves transfers of PCS officers
KARACHI: Chairman Federal Board of Revenue (FBR) Jahanzaib Khan has approved transfers and postings of around 60 officers of Pakistan Customs Service (PCS), sources said. The notifications to this effect…
Meezan Bank issues Rs200bn Pakistan Energy Sukuk
KARACHI: Ministry of Energy on Friday issued a Rs200 billion ‘Pakistan Energy Sukuk’, which, according to a statement shared by Meezan Bank Limited (MBL), is “the first of its kind”.…
Board members of Pak-UK Business Council elected
KARACHI: The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has elected nine directors on the board of Pak-UK Business Council of the Federation for the year 2019. FPCCI…
MCC Quetta launches snap crackdown against smuggled vehicles
QUETTA: MCC Quetta has extended the realm of its crackdown launched against non-customs-paid vehicles. Chief Collector Baluchistan Dr. Zulftqar All Chaudhry strictly directed Preventive Section to take stern action against…
ASO Preventive seizes smuggled goods
KARACHI: Anti-Smuggling Organization (ASO) of MCC Preventive has seized smuggled goods worth Rs4.732 million. Information was passed through Deputy Collector Muhammad Faisal about the movement of smuggled diesel. Subsequently, the…