SRB to collect Rs135bn this fiscal
KARACHI: Chairman Sindh Board of Revenue (SRB) Khalid Mehmood said achieving the target of Rs145 billion was not possible given the economic slowdown. “SRB would collect approximately Rs135 billion this…
Stocks fall as U.S. virus response disappoints investors
TOKYO (Reuters) – Asian shares and Wall Street futures fell on Wednesday as growing scepticism about Washington’s stimulus package to fight the coronavirus outbreak knocked the steam out of an…
European markets look to higher open as coronavirus remains in focus
European markets are expected to open higher Wednesday as investors continue to watch the spread of the coronavirus, oil prices and geopolitics. London’s FTSE index is seen 27 points higher…
Press Release on Workers Remittances
The Workers’ Remittances received during July – February FY20 amounted to US $ 15,126.5 million recording an increase US $ 770.7 million or 5.4 percent over remittances received during July…
Pakistan Customs restrained from issuing notices to clearing agent, Non Payment of Federal Excise Duty
KARACHI: Pakistan Customs was restrained by a customs appellate bench of High Court of Sindh, from sending demand notices to clearing agents in respect of Federal Excise Duty against imported…
PPL holds eye camps in Sindh
KARACHI: In pursuit of the provision of quality healthcare to local communities, free-of-cost surgical eye camps were organized recently in districts Kambar-Shahdadkot and Sanghar, Sindh, home to Pakistan Petroleum Limited…
Lucky Cement Awarded MAP’s Corporate Excellence Award
Karachi: Lucky Cement Limited (psx: LUCK) won the Management Association of Pakistan’s Corporate Excellence Award in the Cement Sector category. Mr. Syed Noman Hasan, Executive Director of Lucky Cement Limited…
SHC orders release of Toyota Aqua in seven days
KARACHI: The Pakistan Customs (Appraisement) East was directed by a custom appellate bench of High Court of Sindh to release a used Toyota Aqua vehicle within seven days allowing benefit…
MCC Appraisement East redistributes work among Principal Appraisers
KARACHI: MCC Appraisement East has notified redistribution of work among Principal Appraisers with immediate effect. Muhammad Ibrahim Khan is moved from R&D and assigned Group-I and R&D. Asad Masood is…
MCC Quetta raids warehouse, recovers smuggled goods worth Rs100mn
QUETTA: MCC Quetta in an intelligence based joint operation with FC (North) raided a warehouse at Achakzai Market Satellite Town, Quetta and recovered smuggled goods along with the transportation vehicles…
American companies in China count costs of trade war
SHANGHAI — American companies had a difficult year in China in 2019 amid their country’s trade war with Beijing and slowing economic momentum, as those reporting revenue growth or profitability…
ASEAN Economic Ministers Begin Three-Day Meeting in Vietnam on Tuesday
MOSCOW (Sputnik) – Association of Southeast Asian Nations (ASEAN) member states will convene on Tuesday in the Vietnamese city of Da Nang for the start of the ASEAN Economic Ministers’…
Officers at Pakistan Customs outgrow the requirement
KARACHI: MCC Appraisement West has notified transfers and postings (work assignment) of 15 Deputy/Assistant Collectors despite only 12 sanctioned posts. This is the situation across Pakistan Customs and Inland Revenue,…
Misuse of SRO 492: Assistant Collector and other officials put duty off
KARACHI: Sharjeel Jamal of M/s UTrade Logistics has highlighted loss of government revenue to the tune of one billion rupees through the misuse of SRO 492(I)/2011 in connivance with the…
NdcTech, Temenos join hands for success of first digital Pakistan conference
Karachi: The NdcTech, an award winning partner and Temenos (the world’s #1 Banking Software) have joined hands for success of Pakistan’s first Digital Conference 2020 being organized on April 15th,…
SHC issues pre-admission notices for March 10
KARACHI: A customs appellate bench of High Court of Sindh issued pre-admission notices for March 10 in two identical petitions challenging STGO No 103 of 2019 dated 7-8-2019. The petitions…
SHC disposes off petition by R.K. Enterprises
KARACHI: Sindh High Court on Monday ordered auction of a part of consignment within four weeks and to give sale proceeds to the importer. The bench comprising Justice Aqeel Ahmed…
Customs seeks Court permission to initiate AML proceedings against M/s Megaplus Pakistan, more to follow
KARACHI: Directorate of Customs Intelligence & Investigation Karachi has approached Special Court Customs and Taxation seeking permission to initiate investigation and take all the actions provided under the Anti-Money Laundering…
Saudi Arabia to hike oil output above 10 million barrels per day in April after OPEC+ deal collapse
Saudi Arabia, the world’s top oil exporter, plans to raise its crude oil production significantly above 10 million barrels per day (bpd) in April, after the collapse of OPEC’s supply…
Currencies in South Korea, Australia and New Zealand crumble as market volatility shoots up
Major Asia Pacific currencies dropped against the U.S. dollar on Monday morning, as investors took a risk-off approach with volatility across markets shooting up over an oil price war. The…