FBR extends date of filing tax returns/statement till February 28, 2020
KARACHI: The Federal Board of Revenue (FBR) has notified extension in the date of filing income tax returns and statements for Tax Year 2019 till February 28, 2020. The date…
Massive corruption at Torkham: Member Customs, four Collectors made OSD
KARACHI: The Federal Board of Revenue (FBR) has attempted to discipline Member Customs Owais Agha Jawwad and four Collectors of Customs, as these officers have been made OSD in connection…
Engro Fertilizers takes lead to reduce Urea price by Rs 160
Engro Fertilizers welcomes the decision of Government of Pakistan to reduce GIDC on urea. In line with the decision and to support the valued farmers of the country, Engro Fertilizers…
PQFTL holds Lucky Draw for its Takaful Participants across Pakistan
Karachi: Pak-Qatar Family Takaful Limited (PQFTL) held lucky draw for gifts worth millions of rupees (including brand new motorcycles) for its valued participants all over Pakistan. The Renewal Collection Contest…
Lucky Cement Awarded CSR Award in Green Environmental Stewardship
Karachi: Lucky Cement Limited (psx: LUCK) won the Int’l Corporate Social Responsibility Award in the category of “Green Environmental Stewardship”, organized by The Professionals Network (TPN), at the 9th CSR…
PKR 5M Penalty Imposed on Irshad Trading Co. for Deceptive Marketing Practices
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed PKR 5 million penalty on Irshad Trading Corporation for copying the registered trademark, brand name and other designs of Polycon Pakistan,…
Shazad Dada elected President of OICCI
KARACHI: Shazad Dada, Chief Executive Officer, Standard Chartered Bank Pakistan Limited has taken over as the President of the Overseas Investors Chamber of Commerce and Industry (OICCI) for the 2020…
SHC to hear petition by A.H. International on Feb 11 Deblocking of User Id, Provisional Release
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan ordered respondent custom officials to consider the request of…
SHC issue pre-admission notices for Feb 21 Valuation Dispute
KARACHI: The custom officials were put on notice for Feb 21 by custom appellate bench of High Court of Sindh (SHC) in a petition involving valuation dispute. K H H…
FBR notifies transfers and postings of senior PCS officers
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of Pakistan Customs Service (PCS) with immediate effect.
Khawaja Adnan posted DG FATF Cell
KARACHI: The Establishment Division has notified that Khawaja Adnan Zahir, a BS-21 officer of Inland Revenue Service presently posted at Director General Federal Ombudsman Secretariat, is transferred and posted as…
Transfers and postings in Customs Intelligence and Investigation
ISLAMABAD: Director General Customs Intelligence and Investigation has notified transfers and postings of the officials of the Directorate General with immediate effect. Principal Appraiser Irshad Ali Shah is moved from…
PCS officers promoted
KARACHI: The Central Selection Board (CSB) has approved promotion of four Pakistan Customs Service (PCS) officers into BS-21, while three officers have been promoted to BS-20. PCS officers Muhammad Iqbal…
AM Best Revises Issuer Credit Rating Outlook to Positive for Noor Takaful General
OLDWICK : Insurance sector rating agency, AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating and affirmed the Financial Strength Rating of B…
Issuer credit rating outlook for Noor Takaful Family revised to positive
LONDON: AM Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B (Fair) and…
SHC dismiss petition for shifting of goods
KARACHI: A petition seeking shifting of goods from Karachi International Container Terminal was dismissed on Friday by the customs appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel…
SHC disposes of petition by General Services Consideration of application for extension of bonded warehouse license ordered
KARACHI: A customs appellate bench of High Court of Sindh disposed of a petition filed by General Service (Pvt) Ltd directing the authorities concerned to consider the application of petitioner…
Excelerate Energy and Engro Elengy Terminal Agree to Expand Pakistan LNG Import Terminal
Islamabad: Excelerate Energy L.P. (Excelerate) and Engro Elengy Terminal Ltd (EETL) have signed a Heads of Agreement (HOA) for the expansion of the EETL liquefied natural gas (LNG) import terminal…
HUBCO 330MW Thar Energy Limited reaches financial close
Karachi: The Government of Pakistan has notified the achievement of Financial Closing by Thar Energy Limited (TEL), a subsidiary of Pakistan’s largest Independent Power Producer, The Hub Power Company Limited…
Lucky Cement records consolidated earnings of PKR 3.21 billion for the half year ended December 31, 2019
Karachi: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 3.21 billion after taking out PKR 0.71 billion attributable to non-controlling interests for the half…