Norwegian Reward launches credit card in the U.S.
OSLO: Norwegian Reward has partnered with Synchrony and Mastercard to offer a credit card in the U.S. The goal is to offer an even better loyalty program in one of…
Value added textile exporters shutting down production units due to liquidity crunch
KARACHI: The export oriented value added textile sector is going through a severe liquidity crunch and over 40 units have closed, as government contrary to their claims failed to issue…
GMS wins 4-year contract for a K-Class vessel
DUBAI: Gulf Marine Services (GMS) announced the award of a 4-year contract for a K-Class (Small) vessel. GMS’s customer is a Middle East national oil company, for which GMS will…
Boku partners with global mobile telecom group to provide mobile identity verification
LONDON: Boku Inc., the world’s leading independent direct carrier commerce company, has entered into a partnership with a global mobile telecommunications group (The Partner) to provide mobile identity verification capabilities.…
Customs Appraisement South misses revenue collection target
KARACHI: Customs Appraisement South has collected total revenue of Rs112.224 billion for the month of October 2019, which is 6.6 percent higher than the collection of Rs105.618 billion recorded in…
Qatar Fuel Company launches new range of premium lubricants
DOHA: Qatar Fuel Company (WOQOD) has launched the OTO product line of its premium lubricants at all of its petrol stations that have the oil change service. The new range…
FBR reshuffles five PCS officers
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of five Pakistan Customs Service (PCS) officers ranging BS-19 to BS-17. Accordingly, Ghulam Nabi Kamboh (BS-19) is posted…
StormFiber Collaborates with FTTH Councils for Gimme Fiber Day 2019
Digital Release: StormFiber has collaborated with FTTH Council Asia Pacific to celebrate the annual “Gimme Fiber Day”. The day is celebrated on the 4th of November every year to showcase…
Engro Fertilizers Ltd wins merit certificate in the corporate governance category of South Asian Federation of Accountants (SAFA)
Karachi: Engro Fertilizers Limited’s Annual Report 2018 achieved yet another milestone by receiving a Merit Certificate in the Corporate Governance Category of SAFA Awards for 2018. The awards are based…
SHC restrain customs from enforcing recovery
KARACHI: Issuing pre-admission notices to the Deputy Collector, Preventive, Oil Installation Area, Keamari and Director, Post Clearance Audit (Customs) Karachi for Nov 18, a customs appellate bench of High Court…
SHC asks custom to process GDs of LED lights, parts, chandelier
KARACHI: Hearing three identical petitions filed by importers of LED lights, parts and chandeliers, a customs appellate bench of High Court of Sindh (SHC) on Monday ordered the collectorates concerned…
MCC Exports Port Qasim books habitual accused for fraud and forgery
KARACHI: MCC Exports Port Qasim has lodged an FIR against M/s Royal Impex, M/s Cosmos Trading Development and Muhammad Abdullah for mis-declaring imported and submission of fake and fabricated documents…
S&P assigns ‘AA+’ Rating to Pennsylvania Housing Finance’s mortgage revenue bonds
SAN FRANCISCO: S&P Global Ratings has assigned ‘AA+’ long-term rating to the Pennsylvania Housing Finance Agency’s (PHFA) series 2019-131A (non-alternative-minimum tax) and series 2019-131B (alternative-minimum tax) single-family mortgage revenue bonds.…
SICO gets regulatory approval to offer asset management services in Saudi Arabia
MANAMA, BAHRAIN: SICO BSC has announced that its Saudi subsidiary, SICO Financial Saudi Company has received a license from the Saudi Capital Markets Authority (CMA) to manage private non-real-estate investment…
Tadawul welcomes Saudi Aramco’s IPO, listing on the Saudi Stock Exchange
RIYADH: The Saudi Stock Exchange (Tadawul) has welcomed Saudi Arabian Oil Company’s (Saudi Aramco) intention to proceed with an initial public offering (IPO) on the main market, affirming Tadawul’s capabilities…
Deyaar Development starts delivering properties in Midtown’s Afnan District
DUBAI, UAE: Deyaar Development has completed work on the Afnan District in its iconic Midtown, an award-winning project, and handing over of units will begin imminently. Deyaar Development is one…
ASO Preventive conducts raid in Jama Cloth market, recover Transit Trade goods
KARACHI: The Anti-Smuggling Organization (ASO) of MCC Preventive Karachi has seized cloth valuing Rs10 million in a raid conducted at Jama Cloth market after Saturday mid-night. The seized cloth is…
SUSEN opens store in Hyderabad
HYDERABAD: The fourth store launch of SUSEN, and the first in Hyderabad took place here today at main Autobhan Road, Hyderabad. Star-studded with prominent celebrities and models, as well as…
Public private partnership needed for development of tourism industry
KARACHI: “Public private partnership can ensure and cultivate our ever-growing tourism industry to grow expeditiously and help boost the economy by earning foreign exchange and revenues for the government.” These…
Pakistan’s trade deficit shrinks 32% due to lesser imports
ISLAMABAD: Pakistan’s exports recorded 6% growth during October 2019, while imports declined 17% over same month of last year resulting in 32% reduction in the trade deficit. In October, exports…