Maximum penalty for late GD filing fixed at Rs100,000
KARACHI: Finance Act 2019-20 has clarified that maximum penalty on late filing of Goods Declaration (GD) will not exceed Rs100,000. Finance Bill 2019 proposed to reduce the time limit for…
KTBA organizes seminar on Implications of Finance Acts, 2019 (Federal & Provincial Taxes)
KARACHI: Karachi Tax Bar Association (KTBA) organizes a seminar “Implication of Finance Act 2019”, Federal & Provincial Taxes at a local hotel here on Thursday, July 11 at 2:30 pm.…
FBR issues tax notices to electricity consumers
KARACHI: The Federal Board of Revenue (FBR) has obtained data of consumers from the power utility companies, and based on this information electricity consumers are being sent notices urging them…
Smugglers attack deputy collector of customs
QUETTA: According to the news in the wee hours of Wednesday night the Deputy collector Preventive Quetta Customs Dr. Abdul Qudoos Sheikh along with Inspector Ghulam Hussain Khoso after carrying…
ACSL to expand business footprints into Southeast Asia
CHIBA, JAPAN: Autonomous Control Systems Laboratory Ltd. (ACSL) announced to expand business footprints into Singapore and Southeast Asia with cooperation from Leave a Nest Co., Ltd. and Leave a Nest…
Mirada offloads Mirada Connect Limited to PayByPhone
LONDON: Mirada plc, a leading provider of integrated software solutions for digital TV operators and broadcasters, has sold its payment solutions provider business, Mirada Connect Limited, for a cash consideration…
Westminster Group forms new strategic alliance with Gulf Aviation Academy, Bahrain
LONDON: Westminster Group Plc, a leading supplier of managed services and technology-based security solutions worldwide, has entered into a strategic alliance agreement with the Gulf Aviation Academy of Bahrain (GAA)…
Aquis Exchange announces acquisition of NEX Exchange
LONDON: Aquis Exchange Plc, the exchange services group that operates pan-European cash equities trading businesses and develops and licenses exchange software to third parties, has agreed to acquire NEX Exchange…
Neste to divest its fuel retail business in Russia and sell it to PJSC Tatneft
LONDON: Neste Corporation has signed an agreement to sell its fuel retail business consisting of 75 fuel stations and a terminal in St. Petersburg region to PJSC Tatneft, one of…
PVC margins are at an 8-year high
KARACHI: During June 2019, Polyvinyl Chloride (PVC) margins went up by 28.6% MoM to USD 513/ton. However, Purified Terephthalic Acid (PTA) and Polyester Staple Fiber (PSF) margins registered a decline…
Profit rates on savings schemes raised by up to 2.3 percent
KARACHI: The government on Thursday increased profit margins on all national savings schemes (NSS) by up to 2.3 percent to bring the NSS rates in line with recent hike in…