Ban imposed on export of wheat, flour
KARACHI: The Ministry of National Food Security and Research has imposed a ban on the export of wheat and wheat flour. “With ratification of the Economic Coordination Committee (ECC) of…
Appraisement East issues SOPs for examination of imported cargo
KARACHI: In addition to the Standard Operating Procedures (SOPs) and orders already issued from time to time, the MCC Appraisement East has issued certain instructions to streamline examination of the…
Customs Preventive Peshawar seizes 24 tons of betel nut
PESHAWAR: The ASU D.I Khan of MCC Preventive Peshawar has seized 24 tons of betel nut (areca) worth Rs40 million at D.I Khan Zhob Road in two separate operations. MCC…
Task forces on smuggling will not serve the purpose
KARACHI: A meeting on anti-smuggling policy was held under the chair of Interior Minister, which decided to form task force on federal as well as provincial level to control smuggling.…
Attock Petroleum Limited records 30% decline in profits
KARACHI: Attock Petroleum Limited (APL) unveiled its FY19 financial results with profit after tax at PKR3.96 billion (EPS PKR39.79) versus PKR5.66 billion (EPS PKR56.83) recorded last year, down 30%YoY. Earnings…
Pakistan Oilfields posts 48% growth in profits
KARACHI: Pakistan Oilfields Limited (POL) unveiled its FY19 profit after tax at PKR16.87 billion (EPS PKR59.44) versus PKR11.38 billion (EPS PKR40.10) registered during last year, depicting a notable increase of…
FBR decides to launch two new schemes for shopkeepers
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to launch two new schemes, one for small retailers with two slabs of fixed tax amount of Rs5,000 and Rs10,000 on…
Local pharmaceutical companies take a hit as border with Afghanistan closed and fenced
KARACHI: The pharmaceutical manufacturers are anticipating a significant decline in sales, as the border with Afghanistan was closed stopping informal export of medicine to the neighboring country, newsnreleases.com reported. “Only…
Haji Sadiq Achakzai granted bail in three FIRs lodged by ASO
KARACHI: Pakistan Customs has been helpless against the influence and power of notorious smuggler Haji Abdul Sadiq Achakzai, as Achakzai got protective bail from High Court Quetta. Achakzai got bail…