NCSP Group reports 7.9% growth in consolidated cargo turnover
LONDON: NCSP Group informed that the normalized cargo turnover of NCSP Group for 8 months of 2019 grew by 7.9% against 2018. The growth in cargo turnover is attributed to…
Target Engineering awarded SAR 280 million EPC contract by Saudi Aramco
DUBAI: Arabtec Holding PJSC, a leading contractor for social and economic infrastructure, announced that its wholly-owned subsidiary Target Engineering Construction Company has been awarded a SAR 280 million EPC contract…
KCCI concerned over abrupt rise in law & order incidents
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan, while expressing deep concerns over abrupt rise in law & order incidents particularly the target killings and…
Pak-Qatar Takaful awards Scholarships to 2 more students of IBA-CEIF
Karachi: Pak-Qatar Takaful Group (PQTG), Pakistan’s Pioneer and the Largest Takaful Group, in a ceremony awarded two more scholarships to MS IBF students Mr. Adil Memon and Ms. Zainab Usmani…
Telenor Pakistan Wins PSHRM’s ‘Best Place to Work in Telecom’ Award 2019
KARACHI: Country’s leading digital and cellular service provider, Telenor Pakistan, has yet again bagged the ‘Best Place to Work in Telecom’ Award 2019 presented by Pakistan Society of Human Resources…
SHC stays auction of motorcycle rickshsaw parts
Karachi: A division bench of high court of Sindh stayed the auction of components sub components and. assemblies in a petition filed by memon motors and M K Automotives private…
Bio Farma hosts cold chain management system workshop for OIC member states
BANDUNG/Knowledge Bylanes: Indonesian state-owned enterprise specialized in vaccine production, Bio Farma, hosted Cold Chain Management System workshop for the member states of Organization of Islamic Cooperation (OIC) in Bandung, West…
Pakistan complies with FATF conditions on money laundering, terror financing
ISLAMABAD: Pakistan made progress on countering money laundering and terror financing as the Asia Pacific Group on Money Laundering (APG) has highlighted Pakistan’s progress positively with compliance on 36 of…
SBP consults stakeholders on the new National Payment Systems Strategy
KARACHI: The State Bank of Pakistan (SBP) organized a workshop titled ‘Digital Payments Reforms’ in collaboration with the World Bank at its headquarters in Karachi. The objective of the workshop…
AM Best Affirms Financial Strength Rating of Saudi Arabian Insurance Company
LONDON: Global rating Agency AM Best has affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb+” of Saudi Arabian Insurance Company…
Delayed clearance of imported consignments irks importers and traders
KARACHI: The clearance of imported consignments particularly of scrap (all kinds) is subjected to a well planned designed technical delay causing huge loss to importers and taking toll on clearing…
Customs restrained from action against shipping agent
KARACHI: Pakistan Custom officials were restrained from harassing or adverse action against United Marine Agency, a shipping agent for Hyundai Merchant Line. The bench was hearing a petition filed by…
SHC restrains customs from coercive recovery of rupees 168 million
KARACHI: A show cause notice issued to the Spark World was suspended by a custom appellate bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar…
SHC order release of textile fabric on securing differential amount
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Zulfiqar Ahmed Khan ordered release of textile fabric which was put on…
Strategy prepared to recover FBR’s land under legal occupation
ISLAMABAD: The Federal Board of has prepared a strategy to get FBR’s land vacated from illegal occupation. FBR Chief Consultant (Land & Property) Anwer Iqbal had a meeting with the…
FBR relaxes condition of NTN/CNIC reporting on taxable supplies
KARACHI: The Federal Board of Revenue has defined the Rules easing the requirements of reporting NTN/CNIC of the buyer by the sellers registered with Sales Tax. The Sales Tax General…
SHC suspends Ministry’s directions against charging $5 container scanning fee
KARACHI: A letter issued by the Maritime Ministry asking the private container terminal operators including KICT and PICT to charge scanning charges from containers only which were subjected to scanning…
FBR notifies a major reshuffle in Pakistan Customs Service
KARACHI: The Federal Board of Revenue has notified major reshuffle in Pakistan Customs Service. As many as 35 officers ranging BS-17 to BS-21 have been moved. This reshuffling comes quite…
SHC stays assessment on imported fertilizer on retail basis
KARACHI: A customs appellate bench of High Court of Sindh stayed the assessment of fertilizers imported on retail basis while hearing a petition filed by importers. Mr Almani advocate appearing…
FBR prepares draft of special taxation package for builders and developers
KARACHI: The Federal Board of Revenue (FBR) has prepared the draft of Income Tax Special Procedure Rules for Builders and Developers in a bid to provide relief and support to…