Pakistan Customs, Tax, Shipping & Business News Resource
DUBAI, UAE: Dubai Investments PJSC, the leading, diversified investments company listed on the Dubai Financial Market, has announced that the construction of the steadily progressing Mirdif Hills project, in Mirdif,…
KARACHI: MCC Jinnah International Airport (JIAP) has foiled a bid to smuggle narcotics abroad and seized heroin powder worth Rs10.77 million. Information was passed through Deputy Collector Muhammad Faisal and…
OLDWICK: AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a” to Beazley America Insurance Company, Inc. (Beazley America), a newly…
ISLAMABAD:Securities and Exchange Commission of Pakistan (SECP) has revamped the regulatory framework for the mutual funds industry with an aim to meet the changing industry dynamics, implementing international best practices,…
MONTREAL: Mitsubishi Heavy Industries, Ltd (MHI) and Bombardier Inc announced today they have entered into a definitive agreement, whereby MHI will acquire Bombardier’s regional jet program for a cash consideration…
KARACHI: The discrimination, in taxes on import of raw material, between industrial importers and commercial importers would increase illegitimate trade of such goods causing an estimated loss of Rs50 billion/annum…
BRUSSELS: The Council of Ministers today approved the EU-Vietnam trade and investment agreements, paving the way for their signature and conclusion. EU Commissioner for Trade Cecilia Malmström and Romanian Minister…
KARACHI: The All Pakistan CNG Association (APCNGA) on Tuesday said budget proposal to increase the tariff of natural gas for the troubled CNG industry by 31 percent will bankrupt this…
KARACHI: The recent visit of Emir of the State of Qatar Sheikh Tamim bin Hamad Al Thani will go a long way in promotion of bilateral trade and economic relations…
Karachi: Usman Institute of Technology (UIT) affiliated with NED University of Engineering & Technology, recently held the ‘Pakistan Developers Conference 2019’ at UIT, Karachi. The conference featured keynotes, tech talks…
ISLAMABAD: Petroleum Division has proposed an increase of up to 200 percent in the prices of gas for domestic consumers with effect from July 1, 2019. The summary prepared by…
ABU DHABI, UAE: More than 360 government representatives from 116 countries gather in Abu Dhabi to attend the Seventeenth Council of the International Renewable Energy Agency (IRENA). Luxembourg will Chair…
TOKYO: Koito Manufacturing Co. has acquired the shares in Israel based BrightWay Vision Ltd. (BWV) for $24 million and included them into Koito’s scope of consolidation as a company accounted…
TOKYO: Takashimaya’s Board of Directors has decided to liquidate China-based subsidiary Shanghai Takashimaya pending shareholder approval, the liquidation would cause a loss of 2-3 billion Yen.. The decision was taken…
SINGAPORE: Three more days to its opening on 28 June, Funan has achieved 95% committed occupancy for its retail component. This brings its total number of brands, which are clustered…
MUMBAI: Investigations by the Gurgaon police into a complaint filed by Indiabulls against one Vikash Shekhar who is under arrest (the bail petition of Vikas Shekhar has been denied by…
Islamabad: Pakistan’s No.1 Data Network, Zong 4G, the first and only telecom operator with more than 12 million 4G subscribers, has been dominating the 4G arena with fastest and seamless…
SYDNEY: Sandfire Resources and MOD Resources Limited announced the execution of a binding Scheme Implementation Deed (SID) for the implementation of a Scheme of Arrangement under which Sandfire will acquire…
LONDON: Further to the Company’s £200 million equity issue announced on 13 June, the Board of Directors of LXi REIT, the specialist inflation-protected long income REIT, made certain acquisitions for…
LONDON: Energean Oil and Gas plc has signed a Detailed Agreement with Israel Natural Gas Lines (INGL) for the transfer of title of the near shore and onshore part of…