Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on May 08, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs141.22 and Selling at Rs141.32.…
FBR establishes Directorate of Cross Border Currency Movement to check money laundering, forex smuggling
KARACHI: In order to lake appropriate steps for monitoring of cross border currency movement and to develop a robust mechanism for data analysis and information sharing with other agencies, the…
AOB introduces easy online registration for audit firms
ISLAMABAD: To promote ease of doing business, the Audit Oversight Board (AOB) is introducing an online audit firm registration system. Now instead of sending papers back and forth, audit firms…
Appointment of Principal S.M.Law College SHC allows BOG of law college to decide appointment of principal S.M.Law college
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday hearing a number of identical petitions challenging appointment…
SHC summons custom officials on May 17 in vehicles case
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday grilled the counsel appearing for Pakistan Customs,…
Prof. Dr. Abdul Bari Khan Conferred Leadership Awards by MAP and AAMO
KARACHI: The Asian Association of Management Organization (AAMO) has awarded Prof. Dr. Abdul Bari Khan with the Asian Leadership Award. This was based on the Management Association of Pakistan (MAP)…
UIT Students Team Wins 1st Prize at ‘Geeks 2019’ Competition
KARACHI: Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, Karachi, is proud to announce that UIT students have won the 1st prize out 60 innovative…
Meezan Bank signs Cash Management Services Agreement with Port Services Limited
Karachi: Meezan Bank, Pakistan’s leading Islamic bank and the Best Bank in Pakistan has recently joined hands with Port Services Limited (PSL), Sialkot as their exclusive partner for payments &…
Customs Intelligence Karachi seizes smuggled kerosene oil
KARACHI: Directorate of Customs Intelligence and Investigation Karachi has seized 245,140 KG foreign origin kerosene oil along with six oil tankers cleared in the garb of white spirit.Information was passed…
BSE declares a total dividend of Rs 30 per equity share for FY19
MUMBAI: Bombay Stock Exchange (BSE) announced its audited consolidated financial results for the quarter and year ended March 31, 2019. The Board has recommended a payment of dividend of Rs.…
ADX participates in Milken Institute’s Global Conference in L.A. and visits NASDAQ and NYSE
ABU DHABI: As part of its continuous efforts to enhance its global presence and build a broad network of international financial institutions and entities, Abu Dhabi Securities Exchange (ADX), the…
Amlak Finance’s profits decline in Q1 2019
DUBAI, UAE: Amlak Finance, a leading specialized Islamic real estate financier in the Middle East, announced its financial results for the first quarter ended March 31, 2019. The company reported…
Federal Cabinet approves Shabbar Zaidi’s appointment as Chairman FBR
KARACHI: The Federal Cabinet has approved Prime Minister Imran Khan’s recommendation for the appointment of Syed Shabbar Zaidi as Chairman Federal Board of Revenue (FBR).Zaidi’s becoming FBR Chief is highly…
Affordable quality primary healthcare now accessible to 1 million deserving patients through SINA Trust
Karachi: SINA Health, Education and Welfare Trust is providing affordable and accessible quality primary healthcare to the poorest of communities in Karachi since 1998. Having treated 850,000 patients last year,…
SHC issues interim orders in identical petitions challenging collection of ST at import stage
KARACHI: An appellate bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan hearing a number of identical petitions stayed the collection of 3…
SHC stays recovery notice against pharmaceutical company
KARACHI: An appellate bench of High Court of Sindh (SHC) stayed operation of a recovery notice worth rupees 14 million while issuing notice to the respondent Assistant Commissioner IRS, RTO…
Importer gets half of security amount, remaining to be paid on May 29
KARACHI: An importer of construction vehicles get a cheque amounting to rupees 5.55 crore he deposited with the Hyderabad Customs collectorate as security for provisional release of vehicles submitted by…
Business community happy; bureaucrats concerned over Shabbar Zaidi’s appointment as Chairman FBR
KARACHI: The business community has welcomed appointment of Shabbar Zaidi as Chairman of the Federal Board of Revenue (FBR) hoping for business friendly taxation regime as Zaidi represents the private…
Macfarlane Group announces acquisition of Ecopac (UK) Limited
LONDON: Macfarlane Group has announced the acquisition of Ecopac (UK) Limited, a protective packaging distribution business based near Aylesbury, Buckinghamshire.The acquisition is in line with Macfarlane’s declared strategy of building…
Ten Lifestyle Group expands into Scandinavia, wins first contract
OSLO: Ten Lifestyle Group, a leading technology-enabled lifestyle and travel platform for the world’s wealthy and mass affluent, is pleased to announce it has expanded into Scandinavia with a new…