Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Pre-admission notices were issued for Jan 14 to respondent custom officials in a petition filed by Hamdard University Hospital by a custom appellate bench of High Court of Sindh…
KARACHI: All Pakistan Customs Agents Association (APCAA) has opposed the proposed $70 million Ports Automation Project to be undertaken by Nafith Logistics of Jordan. The project is to be funded…
LONDON: AM Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of “bbb-” to Universal Insurance Company, Guernsey. The outlook assigned to these…
LONDON: John Laing Group has entered into an agreement to invest A$51.5 million in the East Rockingham Resource Recovery Facility in Perth, Australia. This investment will take John Laing’s total…
LONDON: Bodycote Plc has entered into an agreement to acquire Ellison Surface Technologies, creating one of the world’s largest providers of thermal spray and engineered coating surface technology services to…
DUBAI, UAE: DP World has signed a 30-year build-operate-transfer (BOT) concession worth $500 million with the Saudi Ports Authority (Mawani) for the management and expansion of the multi-purpose port at…
KARACHI: Federal Board of Revenue (FBR) collected additional taxes of Rs55 billion in first five months (July-Nov 2019) through withdrawal of sales tax zero rating for export oriented sectors. FBR…
ISLAMABAD: Pakistan government is considering offering tax breaks to various industries with export potential as it looks beyond textiles to boost outbound trade, Bloomberg reported an adviser to Prime Minister…
KARACHI: Federal Tax Ombudsman (FTO) has advised Federal Board of Revenue (FBR) to initiate disciplinary action against inland revenue officials involved in sanctioning bogus sales tax refunds during 2011-14. According…