Government reduces petrol prices by Rs15/liter
KARACHI: The government has reduced petroleum products prices in the range of Rs15/liter to Rs30.01/liter with effect from May 01, 2020.
Tariq Huda to be Member Customs (Operations)
KARACHI: The Federal Board of Revenue (FBR) and Revenue Division have developed a consensus on the appointment of Tariq Huda as Members Customs (Operations). Tariq Huda is presently posted at…
First time in history PIA gets Special Permissions to Operate Directly to the United States
Karachi: PIA has been granted a Special Permission to operate direct flights to United States of America’s to repatriate stranded citizens. It will be the first occasion whereby PIA has…
All PIA Associations except CBA have been De-Recognized by PIA Management – Official letters have been issued to the Associations.
Karachi: In a notification issued by the management, PIA derecognizes all employee associations with immediate effect, with exception of Trade Union i.e., Collective Bargaining Agent (CBA) which is the sole…
K-Electric offers installment option for ISPA arrears to facilitate industries
Karachi: In line with the Ministry of Energy’s directives, Industrial Support Package (ISPA) arrears for the period July-December 2019 were applicable in March 2020. However, in light of the current…
Senior IRS officers reshuffled
ISLAMABAD: The Federal Board of Revenue FBR has notified transfers and postings of BS-21 and BS-20 officers of Inland Revenue Service Service (IRS).
SECP proposes new regulations for insurance agents
Islamabad: The Securities and Exchange Commission of Pakistan (SECP) has notified draft Corporate Insurance Agents Regulations, 2020 for eliciting public comments. Proposed Regulations aim at strengthening the regulatory regime for…
Phma Demands SBP to Approve Reallocation of Sanction Limit to Authorized Banks Suffice to Meet Demand for Credit from Exporters in Respect to Export Refinancing
“In view of global slowdown and deadly effects of COVID19 on the business in Pakistan and to facilitate the exporters in respect to their increasing need of export refinancing, it…
25 PCS officers of BS-20 and BS-19 reshuffled
ISLAMABAD: The Federal Board of Revenue FBR has notified transfers and postings of 25 BS-20 and BS-19 officers of Pakistan Customs Service (PCS).
BS-21 and BS-20 officers of Pakistan Customs Service reshuffled
ISLAMABAD: The Federal Board of Revenue FBR has notified transfers and postings of 11 senior officers of Pakistan Customs Service (PCS). It may be mentioned here that the posting of…
Eight more at RTO Quetta test positive for Corona virus
KARACHI: Eight more staffers at RTO Quetta have been diagnosed with Corona virus, taking the tally to 22. Zafar Khan Account Officer RTO Quetta said all the virus victims had…
Minnesota Distilleries Make Hand Sanitizer for Local Communities
SAINT PAUL: Owner and president at Bent Brewstillery, Bartley Blume, recently called together Studio Distilling and several other Minnesota distilleries to join him in taking a small break from crafting…
Frog E-Mobility Solutions expands into direct-to-consumer market
AUSTIN: Frog, the Austin Texas-based global micro-mobility solutions company, officially announced a strategic pivot from Frog Scooters to Frog E-Mobility Solutions, to represent Frog’s expanded e-mobility offerings. Frog E-Mobility Solutions…
Abiomed Expands Product Portfolio with Acquisition of Cardiopulmonary Support Technology (ECMO)
DANVERS: Abiomed, maker of the Impella heart pump, has acquired Breethe, developer of a novel extracorporeal membrane oxygenation (ECMO) system that will complement and expand Abiomed’s product portfolio to more…
FBR sealed for 4 days as Secretary Projects FBR found positive for Covid-19
ISLAMABAD: One employee of Federal Board of Revenue (FBR), Anwar Zeb Secretary Projects FBR found positive for Covid-19. FBR HQ is sealed for four days for disinfection and fumigation, while…
Government to facilitate remittances through tax exemptions, other incentives
ISLAMABAD: Estimating a shortfall of about 16 per cent against the target for the current financial year, the government has decided to facilitate remittances from overseas Pakistanis through tax exemptions…
Pharma Bureau donates Biomedical Devices and Ventilation System to Civil Hospital Fight Against COVID-19
Karachi: Pharma Bureau, the representative body of research based multinational pharmaceuticals in Pakistan, has donated biomedical devices to COVID19 Isolation Unit and negative ventilation system to Medical ICU of Civil…
SECP asks insurers to extend coverage of Motor Insurance Policies
ISLAMABAD: In light of the outbreak of COVID-19 (Coronavirus), the Securities and Exchange Commission of Pakistan (SECP) has advised non-life insurance companies to grant one month free of cost extension…
Ismail Suttar elected EFP president
Karachi: Ismail Suttar was unanimously elected as the new President of Employers’ Federation of Pakistan following the resignation of Mr. Majyd Aziz. Meanwhile, Zaki Ahmed Khan, will remain Vice President…
Public Holiday
The State Bank of Pakistan will remain closed on 1st May, 2020 (Friday) on the occasion of “Labour Day” as declared by the Government of Pakistan.