Prices of petroleum products reduced
ISLAMABAD: Amid confusing statements by some cabinet members, the government on Friday announced a reduction in prices of petroleum products by up to 5.8 per cent for the month of…
Pakistan Customs observe Kashmir Hour to express solidarity
KARACHI: Pakistan Customs observed Kashmir Hour on Friday to express solidarity with the people of Kashmir at across the country. Customs officers condemning the genocide and custodial killing of Kashmir…
FBR asks Land Utilization Department Sindh to cancel allotment orders and remove encroachment on FBR’s land
KARACHI: The Federal Board of Revenue (FBR) has approached Land Utilization Department, Sindh seeking demolishment of buildings and structures illegally erected on CBR/FBR land in K-28, Trans Lyari Quarters, Hawks…
Interest rates to remain high until projected inflation comes down: Governor SBP
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir has said the interest rates would remain high until and unless projected inflation comes down. “Monetary policy is a tool that…
CONTRACT SIGNING BETWEEN HYSABKYTAB AND COMMISSIONER KARACHI
KARACHI: HysabKytab Pvt. Ltd. has partnered with Commissioner Karachi as part of kick starting their emergency platform, Siren App. The partnership was commemorated through a brief contract signing ceremony held…
SecurEnvoy signs distribution agreement with EMT Distribution
LONDON: Shearwater Group plc, the organisational resilience group, announced that its group company, SecurEnvoy has signed a distribution agreement with EMT Distribution, the specialised cyber security software distributor. EMT Distribution…
Pakistan replacing national payment gateway with modern Automated Transfer System
KARACHI: Government of Pakistan has planned to upgrade and replace the existing central bank operated national payment gateway and payment system i.e. Real Time Gross Settlement System (RTGS) with a…
Sharam Rahi appointed SATO´s acting President and CEO
LONDON: SATO Corporation´s Board of Directors has appointed Sharam Rahi, 46, the President and CEO of SATO, starting from September 1, 2019. Rahi acts as President and CEO until a…
Global Ports Holding signs 25-year concession agreement for Prince George Wharf, Nassau
LONDON: Global Ports Holding, the world’s largest independent cruise port operator, announced that Nassau Cruise Port Ltd (NCP) has signed a 25-year concession with the Government of the Bahamas for…
FBR reshuffles BS-21& BS-20 officers of PCS
KARACHI: Federal Board of Revenue (FBR) has notified transfers and postings of chief collectors of customs with immediate effect and until further orders. The FBR notified transfers and postings of…
Electricity generation surge 3.0 percent in July 2019
KARACHI: Pakistan’s overall electricity generation surged 3.0 percent to 14,231 Gwh in July 2019 as against 13,751 Gwh in the corresponding period last year, data released by the National Electric…
Fabric importer booked for evasion through mis-declaration
KARACHI: Directorate of Customs Intelligence & Investigation Karachi has lodged an FIR against M/s Spectrum Enterprises and M/s Kanwal Enterprises for massive tax evasion through mis-declaration of description and value…
FIR lodged against importer for misusing SRO 655(I)/2006
KARACHI: Directorate of Customs Intelligence & Investigation Karachi has detected misuse of concessionary SRO 655(I)/2006, as the importers were clearing iron and steel sheet/coils on concessionary rates and disposing the…
FBR seeks details of imported vehicles stuck up at port
KARACHI: Federal Board of Revenue (FBR) has advised all Chief Collectors of Customs to provide details regarding vehicles stuck up at ports imported under personal baggage, gift and transfer of…
Korean company offers energy value chain for electric vehicles
ISLAMABAD: Songuo, a company of South Korea, which specializes in manufacturing batteries, has offered Pakistan for setting up charging infrastructure in Pakistan in the wake of ambitious EV policy by…
ECC orders to release one month salary to Steel Mill, Machine Tool Factory employees
ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has approved proposals submitted by the Ministry of Industries & Production for payment of salaries to the employees of Pakistan Machine Tool…
Advisor finance chairs Monetary and Fiscal Policies Co-ordination Board meeting
ISLAMABAD: Meeting of the Monetary and Fiscal Policies Coordination Board was held Wednesday under the chairmanship of the Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez…
Digital mapping system prepared to keep an eye on e-commerce transactions
ISLAMABAD: Board of Investment (BOI) has designed a digital regulatory system to keep a check on electronic business transactions. “A digital Business Regulatory Mapping Portal has been designed to ensure…
Governor SBP briefs PM Khan on outcome of APG meetings
ISLAMABAD: Governor State Bank of Pakistan (SBP) Reza Baqir called on Prime Minister Imran Khan and gave a briefing on the outcome of the Asia Pacific Group (APG) meetings in…
Credit ratings of insurance companies in India downgraded with negative implications
SINGAPORE: AM Best has downgraded the Financial Strength Ratings (FSR) of insurance companies in India including United India Insurance Company Limited, National Insurance Company Limited and Oriental Insurance Company Limited.…