ECC continues ban on wheat and wheat flour export
ISLAMABAD: In the light of a briefing by the Ministry of National Food Security and Research, the Economic Coordination Committee (ECC) decided to continue ban on export of wheat and…
KCAA elects office bearers for 2019-20
KARACHI: All the candidates of Customs Agents Alliance have been elected unopposed for the Managing Committee of Karachi Customs Agents Association (KCAA). Founded by Haji Asif, Customs Agents Alliance has…
K-Electric Reports PKR 12.3 Billion Profit For FY2018
KARACHI : The Board of Directors of K-Electric Limited in its meeting held on September 18, 2019 at KE head office, approved the Company’s financial results for the year ended…
Nestlé Pakistan appoints new CEO
KARACHI: Nestlé Pakistan announced a change in its top management with the appointment of Samer Edmond Chedid as the new Managing Director in the country. He took over the responsibilities…
UGDC signs deal with Exxonmobil for country’s first ever commercial import of LNG by private sector
KARACHI: ExxonMobil has inked a gas supply deal with Pakistani energy company Universal Gas Distribution Company (UGDC), according to which commercial import of LNG by private sector would commence for…
Policy Board approves amendments in exchange traded funds regulations among others
ISLAMABAD: The Securities and Exchange Policy Board met in Islamabad at the SECP Headquarters under the Chairmanship of Professor Khalid Mirza. The Policy Board welcomed the new Chairman, SECP, Mr.…
NESTLÉ PAKISTAN APPOINTS NEW MANAGING DIRECTOR
KARACHI: Nestlé Pakistan announced a change in its top management with the appointment of Samer Edmond Chedid as the new Managing Director in the country. He took over the responsibilities…
FPCCI for enhanced economic cooperation under BRI
KARACHI: President Federation of Pakistan Chambers of commerce and Industry (FPCCI) Daroo Khan Achakzai underlined the need to promoting in-depth cooperation in economy, trade and investment between Sichuan and South…
Karandaaz Seeks Solutions for Facilitating Financial Inclusion of Women
Islamabad: Karandaaz Pakistan has launched its Financial Inclusion of Women Challenge. Through this focused challenge, Karandaaz seeks to support solutions to address the critical issue of women missing out on…
SHC stays collection of Infrastructure Cess in petition by an importer
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan on Wednesday stayed the collection of Infrastructure Development Cess from…
SHC adjourns petitions challenging Regulatory Duty till Sept 30
KARACHI: The hearing of multiple petitions challenging imposition of Regulatory Duty on different items at import stage were adjourned till Sept 30 by a division bench of High Court of…
Customs Quetta seizes smuggled goods worth Rs30 million
QUETTA: Customs Quetta in two separate operations recovered smuggled goods worth Rs30 million. According to details, Customs staff at Darakshan Check Post signaled a truck to stop but the driver…
FBR completely changes valuation system at Customs stage
KARACHI: The Federal Board of Revenue (FBR) has revised the unit of measurement for the purpose of assessment of goods in terms of recommendations of the World Customs Organization (WCO).…
Inland Revenue officials barred from raids without approval
KARACHI: The Federal Board of Revenue (FBR) has barred officials of Inland Revenue from conducting raids on taxpayers’ premises without approval. “No commissioner or authorised officer shall undertake exercise of…
FPCCI criticises no reduction in policy rate
KARACHI: Acting President FPCCI Dr. Mirza Ikhtiar Baig criticised State Bank of Pakistan for not reducing policy rates from 13.25 percent. He said the industry , capital market and business…
U.S. AMBASSADOR COMMENDS ENGRO ELENGY ON WORLD’S FASTEST 250 SHIP-TO-SHIP TRANSFERS
Karachi: U.S. Ambassador Paul W. Jones, Chargé d’Affaires a.i., was welcomed by Engro Corporation President Ghias Khan when he visited Engro Elengy Terminal Limited, accompanied by the U.S. Consul General…
Special Custom Court returns challan in betel nuts smuggling cases
KARACHI: The Special Customs Court at Karachi returned challan in case of alleged smuggling of betel nuts to the Pakistan Customs holding that “only custom adjudication is a proper forum…
SHC issue notice in bail plea by alleged smuggler
KARACHI: Justice Faheem Ahmed Siddiqui of High Court of Sindh on Tuesday issued notice to Pakistan Customs and others in a Special Criminal Bail application filed by one Mehmood Iqbal…
KCCI, Makkah Chamber agree to jointly develop trade ties
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Junaid Esmail Makda and Chief of Makkah Chamber of Commerce and Industry (MCCI) Hisham bin Mohammed Kaaki during a meeting held…
FBR proposes exclusion of batteries, auto parts, tyres from retail taxation
ISLAMABAD: The Federal Board of Revenue (FBR) has moved a summary to the federal cabinet for excluding import of storage batteries, auto parts, tyres and tubes from purview of retail…