Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Without opposing Imran Khan’s decision of removing Asad Umar as Finance Minister, the business community, economists and analysts are unanimous in their stance that Asad Umar has been removed…
KARACHI: The UK-funded Karandaaz has signed investment agreements with seven women-led businesses to help women’s small and medium enterprises in Pakistan. These include New Age Flour and General Mills, Web…
KARACHI: A delegation of Karachi Chamber of Commerce & Industry (KCCI) held threadbare discussions on KCCI’s Budget Proposals for Federal Budget 2019-20 with Chairman Federal Board of Revenue Jehanzaib Khan…
KARACHI: The foreign direct investment (FDI) fell by 51.4 percent to $1.27 billion during first nine months of current fiscal year (July-March FY19) as compared with $2.6 billion in the…
KARACHI: Asad Umar announced on Thursday that he is no more the finance minister and has refused to take over the energy minister portfolio he was offered. As part of…
KARACHI: The weekly strike by lawyers on call by Pakistan Bar Council, Sindh Bar Council brought court work to a halt here on Thursday. The hearing of thousands of cases…
BLOOMINGTON–(BUSINESS WIRE)–Today, Forbes announced that Cook Medical has ranked 48 of 500 large companies in the America’s Best Employers of 2019 listing. This is the second year that Cook Medical…
PERTH: Diversified mining services company Ausdrill Limited is undertaking investigations into fraudulent payments to a supplier which have been uncovered by the Company, a notice issued to SGX said.Through compliance…
DOHA: Qatar National Bank (QNB) Group has announced another successful completion of a Formosa bond issuance under its Euro Medium Term Note (EMTN) programme, dual listed on the Taipei and…
RIYADH: Saudi Arabian Mining Company (Ma’aden) has announced that its wholly-owned subsidiary, Ma’aden Marketing and Distribution Company has signed a binding agreement to acquire 85% of the Meridian Group (Meridian),…
KARACHI: Pakistan’s Liquefied natural gas (LNG) imports in nine months (July-March 2018-19) stood at $2.404 billion, up 49.30 percent as compared with LNG imports of 1.61 billion in the corresponding…
KARACHI: Pakistan’s textile and clothing exports recorded 9.47 percent year-on-year decline to $1.088 billion in March 2019, taking the nine-month (July-March FY19) exports to $9.99 billion, as higher cost of…
SINGAPORE: This year’s fundraising efforts for Singapore Exchange’s (SGX) flagship charity initiative ‘Bull Charge’ are off to a strong start with Sasseur Asset Management, the manager of Sasseur REIT, signing…
ABU DHABI, UAE: National Central Cooling Company, Tabreed, the leading UAE-based international cooling provider, has appointed Bader Saeed Al Lamki as the Company’s new Chief Executive Officer, effective 21st April,…
ISLAMABAD: Pakistan Petroleum Limited (PPL) has made history by becoming the first Pakistani company to successfully spud its first international exploration well in Iraq. This achievement has firmly imprinted PPL’s…
ISLAMABAD: Ministry of Railways and Ministry of Petroleum have jointly initiated assessment of the prospects of petroleum products through railways across country.The Ministry of Petroleum briefed the Economic Coordination Committee…
SINGAPORE: Singapore Exchange (SGX) welcomes Haitong International Securities (Singapore) Pte. Ltd., W Capital Markets Pte. Ltd. and Evolve Capital Asia Private Limited to a growing pool of accredited Issue Managers…
OLDWICK: A rule clarification that allow employers the option to provide long-term disability (LTD) coverage to their employees through automatic enrollment should benefit insurers by increasing participation rates and increased…
OLDWICK: AM Best has downgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a” from “a+” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the members of…
OLDWICK: AM Best has revised the Long-Term Issuer Credit Rating (Long-Term ICR) outlook to positive from stable and affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term…