SGX welcomes ST Food Group to Catalist
SINGAPORE: Singapore Exchange (SGX) has welcomed ST Group Food Industries Holdings Limited to its Catalist under the stock code “DRX”. ST Group Food Industries Holdings Limited opened at S$0.28 today.…
32 BS-16 Pakistan Customs Department officials transferred from Islamabad to Peshawar
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of 32 BS-16 officers of Pakistan Customs department with immediate effect. Superintendents Tariq Pervez Butt, Muhammad Tariq Iqbal,…
Transfers of Appraising/Valuation officers
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of Appraising/Valuation officers (BS-16) with immediate effect. Zia Hassan and Azhar Jalil are moved from MCC Islamabad to…
Pakistan Customs prepare draft Pakistan Single Window Act to simplify cross border trade processes
KARACHI: In order to establish a separate autonomous body to simplify cross border trade processes, reduce cost of doing business and facilitate trade on national and international level; Pakistan Customs…
Condition of Retaining Cash, Foreign Currency and Liquid Assets not Repatriated Extended Till 3rd July, 2019
ISLAMABAD: Federal Board of Revenue (FBR) has explained that the last date of filing declaration under Assets Declaration Scheme has been extended through a Presidential Ordinance up to 3rd July…
KCCI favors refund suggestion for last year’ Amnesty’s unprocessed cases
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda, while referring to his conversation with Minster of State for Revenue Hammad Azhar and Member IR – FBR…
Whether FIR can be registered at a place not declared Police Station Customs restrained from harassing Modern Terminal Operator
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan issued notice in a petition filed by Modern Terminal Operator…
CPI inflation for full-year FY19 stands at 7.3%
KARACHI: Pakistan June 2019 CPI inflation comes at 8.9% YoY, slower than 9.1% registered last month (May-19), against a market Consensus of 9.5% YoY. This is good as inflation recorded…
Pakistan’s overall petroleum products sales decline 25pc in FY19
KARACHI: The economic slowdown and significant increase in petroleum prices due to rupee devaluation crumbled overall petroleum sales, which declined 25 percent for the year ended June 30, 2019. Excluding…
Nissin Foods to acquire UNI-INTEC (Zhuhai) Scientific Technology
HONG KONG: Nissin Foods (China) Holdings Company Limited has entered into an equity transfer agreement with Grandview China Holdings Limited to acquire entire equity interest in UNI-INTEC (Zhuhai) Scientific Technology…
ST Group draws strong demand for IPO
SINGAPORE: ST Group Food Industries Holdings Limited has received positive interest for its initial public offering (IPO) of 30.077 million new shares at S$0.26 for each share in conjunction with…
Board of Avast approves decision of new CEO to waive salary
LONDON: Ondrej Vlcek, Avast CEO, has notified the Company’s Board of Directors of his intention to indefinitely waive his annual salary and bonus, and instead receive a nominal annual salary…
i3 Energy awards equipment and service contracts to Baker Hughes, a GE Company
LONDON: i3 Energy plc, an independent oil and gas company with assets and operations in the UK, has awarded Baker Hughes, a GE company (BHGE), contracts for its 2019 summer…
TP Group increases investment in European AI systems company
LONDON: TP Group, the specialist services and engineering group, announced that its wholly owned subsidiary, Sapienza Consulting Holdings has reached an agreement to acquire an additional shareholding in Lift BV…
GFH signs with Accor to launch Raffles and Mama Shelter in Bahrain
MANAMA: GFH Financial Group has signed an agreement with Accor Group to Launch the first ultra-luxurious ‘Raffles’ retreat and the first ‘Mama Shelter’ lifestyle hotel in the Kingdom of in…
Saudi stocks surge 6.10% in H1CY2019
RIYADH: The Saudi Stock Exchange benchmark Tadawul All Share Index (TASI) closed at 8,821.76 points during the first half of 2019 ended June 30, 2019, up 6.10% or 507.57 points…
FBR bars IR officers/officials from meeting taxpayers in their rooms
KARACHI: The Federal Board of Revenue (FBR) has barred Inland Revenue officers from meeting taxpayers in their offices. In pursuance of international best practices to facilitate the taxpayers by minimizing…
MCC Preventive Quetta launch crackdown against fuel stations
KARACHI: In line with the instructions of Advisor FTO Quetta Justice (R) Nadir khan Durani, MCC Preventive launched a crackdown on fuel stations housing and selling smuggled Iranian diesel in…
Private equity holdings spike for all major U.S. Insurance segments
OLDWICK: Private equity investments by the U.S. life/health and property/casualty industries have risen sharply by approximately 25% over a two-year span to $55.4 billion and $16.0 billion, respectively, according to…
Date for filing income tax return extended till August 02, 2019
KARACHI: The Federal Board of Revenue (FBR) has extended the date of filing of income tax statements for the tax year 2018 till till August 02, 2019, a statement said…