Pakistan Customs, Tax, Shipping & Business News Resource
LONDON: Further to the announcement made on 28 October 2019, Safestay, the owner and operator of an international brand of contemporary hostels, has completed the acquisition of the ‘AthenStyle Hostel’…
LONDON: First Derivatives Plc (FD) has announced the appointment of Seamus Keating as Chief Executive Officer with immediate effect, succeeding the Group’s founder, Brian Conlon, who passed away in July…
KARACHI: Special Court Customs & Taxation has rejected the bail of eight accused and sent them to jail custody. These persons were nominated in an FIR lodged by Superintendent Preventive…
ISLAMABAD: The FBR’s officers have proposed to the PTI government for awarding a revenue allowance at rate of 150 percent of the basic pay to their employees on pattern of…
KARACHI: The ship breaking industry is enjoying concessionary tax regime on re-melt-able iron scrap detrimental to commercial importers and manufacturers. The commercial importer, manufacturers also faces Import Policy Restriction and…
KARACHI: The counsel for Pakistan Customs was allowed to seek instructions from the Collectorate concerned in a case of imported fabrics while adjourning proceeding till Feb 04. The bench earlier…
Karachi: “The Conference titled ‘ICON 2020’ will highlight initiatives taken by the Indus Hospital to address healthcare challenges in Pakistan by bringing together disparate and like-minded institutions and individuals”. These…
KARACHI: The Federal Board of Revenue (FBR) has clarified that the provisions of (Sales Tax General Order) STGO 103 of 2019 shall be applicable in clearing of imported goods on…
KARACHI: Large Taxpayers Unit (LTU), Karachi (the prime field formation of Federal Board of Revenue) has been successful to record half yearly growth at 15%. LTU Karachi has collected Rs.688…
LONDON: Frontier IP’s portfolio company Fieldwork Robotics has raised £298,000 through an initial equity funding round to accelerate development and scale up of the Company’s novel robotics technology for harvesting…
LONDON: Oxford Metrics plc announced that Yotta, a provider of cloud-based infrastructure asset management software and services, has won a significant multi-year contract with South Gloucestershire Council for its connected…
MANAMA, BAHRAIN: Esterad Investment Company has sold its investments in United Cement Company (UCC) amounting to BD 2.3 million to Saudi Cement Company. The sale transaction is expected to reflect…
DUBAI: Amanat Holdings PJSC has appointed Al Ramz Capital LLC as a liquidity provider for its shares following the approval of the Dubai Financial Market (DFM). Al Ramz will trade…
KARACHI: Pakistan’s textile exporters have pinned high hopes on Heimtextil 2020 held in Frankfurt, Germany, and expect sizeable orders within next two months. Vice President SITE Association Farhan Ashrafi said…
KARACHI: Pakistan’s locally assembled passenger car sales declined 38% in December 2019 taking 1HFY20 (July-December 219) decline to 44% given weak demand dynamics. This is primarily attributable to higher car…
Karachi: Bjørn Taale Sandberg, Head of Telenor Research, revealed during his latest visit to Pakistan, the 20 technology trends that will shape the year 2020. Like the previous year, this…
KARACHI: An appeal filed by Pakistan Customs, Directorate of Afghan Transit Trade, Karachi against an order of Custom’s Appellate bench of High Court of Sindh in a case of sugar…
KARACHI: The Directorate of Intelligence and Investigations (DIT) has pointed out serious flaws in the “Adjudication Proceedings” in cases pertaining to import of steel products. The mega scam involves over…
KARACHI: Cement dispatches recorded a growth of 9% YoY to 4.21mn tons in Dec-2019, compared to 3.87mn tons in the same month last year. The increase in overall cement dispatches…
ASKER, NORWAY: TGS-NOPEC Geophysical Company (TGS), a leading provider of multi-client geoscience data for exploration & production (E&P) companies, signed an agreement with Google Cloud for flexible, cloud-based, high performance…