FIRs lodged against a cartel for defrauding MCC Port Qasim
KARACHI: MCC Port Qasim has lodged 4 FIRs against a particular group of persons for evading government revenue and getting delivery of imported goods by presenting fake and forged pay…
Gunvor shortlisted for 4 of 5 LNG cargoes
KARACHI: Pakistan LNG Limited (PLL) has shortlisted Gunvor Singapore for supply of four of five LNG cargoes, 140,000 cubic meters each, to be supplied in January 2020. Gunvor Singapore offered…
Representatives from 17 countries praise Risen Energy’s contribution to BRI
NINGBO–Knowledge Bylanes– A delegation of over 40 representatives from industrial, commercial and trade organizations from 17 countries paid a visit to Chinese solar panel maker Risen Energy Co., Ltd on…
Date of filing income tax returns and statements extended till December 16
KARACHI: The Federal Board of Revenue has notified extension in the date of filing of Income Tax Returns/Statements for the Tax Year 2019 till December 16, 2019. The date of…
PSX signs agreement to acquire SZSE’s Trading and Surveillance System
KARACHI: Pakistan Stock Exchange (PSX) has signed an agreement with Shenzhen Stock Exchange (SZSE) to acquire a $2.85 million Trading and Surveillance System, which would enable cross border trades, cross…
Customs Quetta continues campaign against smuggled vehicles
QUETTA: Customs Quetta is pursuing a rigorous campaign against smuggled vehicles, as this dirty business is causing a revenue loss to the tune of billions of rupees to the national…
SHC issue notice in petition by Steel Re-rolling Mill
KARACHI: Pre-admission notice was issued in a petition filed by Mehboob Re-rolling Mills by a division bench of High Court of Sindh here on Friday. The bench earlier heard the…
SHC dismiss petitions by K-Electric
KARACHI: Two identical petitions filed by K-Electric were dismissed here on Friday by Customs Appellate bench of High Court of Sindh. As the petitions were taken up, the counsel for…
Telenor Pakistan Bringing APIs to Life
ISLAMABAD: To showcase its strengthening digital distribution capabilities, country’s leading cellular services provider, Telenor Pakistan, organized Digital Distribution Summit 2019 at its Islamabad headquarters 345. The event aimed to highlight…
FBR advises Inland Revenue to facilitate exporters avail utilities at reduced rates
KARACHI: The Federal Board of Revenue (FBR) has advised all chief commissioners of Inland Revenue to facilitate the exporters by issuing necessary confirmation to the utility providers for according preferential/reduced…
Engro Fertilizers receives International Fertilizer Association’s (IFA) Award 2019
Karachi: Engro Fertilizers Limited has been presented with yet another accolade in the light of its valid Protect & Sustain certificates and participation in IFA’s recent safety, environment, and energy…
SHC issues pre-admission notices for Dec 13 Shan Chemicals Petition
KARACHI: Pre-admission notices were issued for Dec 13 to the Chairman FBR, Collector Customs, MCC Appraisement (East) and Director (Valuation) in a petition filed by Shan Chemicals. Rayan Zia advocate…
Custom court sentence accused in Income Tax case
KARACHI: Special Judge Customs, Taxation and Anti-smuggling Mrs Rashida Asad on Thursday convicted and sentenced an accused Zeeshan Iqbal in an income tax case. Announcing the verdict reserved earlier, the…
SECP notifies regulations for insolvency experts
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP), to facilitate the revival of distressed companies, has notified the Corporate Rehabilitation Regulations, 2019. The regulations, issued under section 41 of…
Federal government launches AEO program for business community
ISLAMABAD: Federal Government has launched first trade facilitation program of its kind under the name and banner of Authorised Economic Operators (AEO). The program has been chalked out in line…
Customs Intelligence Peshawar seizes smuggled goods worth Rs91.25 million
PESHAWAR: Customs Intelligence & Investigation Peshawar has seized smuggled goods including fresh fruits, dry fruits and non-custom-paid vehicles worth Rs91.25 million. An FIR has also been lodged against an Afghan…
Engro Fertilizers receives IFA Award 2019
KARACHI: Engro Fertilizers Limited has been presented with yet another accolade in the light of its valid Protect & Sustain certificates and participation in IFA’s recent safety, environment, and energy…
GMS awards 15-month contract for its E-class vessel
LONDON: Gulf Marine Services (GMS) has announced the award of a 15-month contract for one of its E-Class (Large) vessels. GMS’s new customer is an international supermajor, for which GMS…
If P&C Insurance to buy Viking for EUR 32 million
LONDON: If P&C Insurance Holding has signed an agreement to buy Viking Redningstjeneste TOPCO A/S. The acquisition price for 100 per cent ownership is EUR 32 million (NOK 325 million)…
OpenDNA to acquire China e-commerce business QBID
SYDNEY: Artificial Intelligence (AI) and e-Commerce marketing company OpenDNA Limited has executed the definitive Share Purchase Agreement for the acquisition of China market entry and digital marketing company, Quality Brands…