KCCI presents budget proposals in a meeting with FBR
KARACHI: A meeting was held on 16 April’2020 between the Karachi Chamber of Commerce and Industry (KCCI) and the Federal Board of Revenue to discuss the proposals of KCCI for…
MoC allows import of Afghan bulk cargo at Gwadar Port
KARACHI: The Ministry of Commerce (MoC) has allowed import of Afghan bulk cargo of wheat, sugar and fertilizers at the Gwadar Port, and onward transit to Afghanistan. Federation of Pakistan…
Customs Intelligence Gwadar surpass revenue target by 20.26 percent
KARACHI: Directorate of Customs Intelligence and Investigation Gwadar has surpassed its revenue collection target by 20.26 percent during July-February 2019-20. Despite the Corona virus induced lockdown, Customs Intelligence and Investigation…
Magellan Aerospace to Provide Black Brant Sounding Rockets to The German Aerospace Center
TORONTO: Magellan Aerospace Corporation announced that it would provide Black Brant sounding rocket motors to The German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt e.V. or “DLR”) that is…
Shoe Carnival Further Enhances Financial Liquidity
EVANSVILLE: Shoe Carnival Inc., a leading retailer of moderately priced footwear and accessories, announced it has exercised the accordion feature of its credit agreement with Wells Fargo Bank, N.A. and…
Transflo partners with American Trucking Associations
TAMPA: Transflo has partnered with American Trucking Associations (ATA) on the Driver Assist Task Force platform and mobile app, a suite of free digital tools to give truck drivers and…
New Licensing Partnership Between SPOT and the Jeep Brand
MISSISSAUGA: Globalstar Canada Satellite Co., a wholly owned subsidiary of Globalstar Inc. and a leader in satellite messaging and emergency notification technologies, announced a licensing deal between its affiliate SPOT…
Illinois American Water Acquires Village of Leonore Water System
STREATOR: Illinois American Water President Justin Ladner today announced the Company’s acquisition of the Village of Leonore water system. The purchase adds approximately 68 water customers to the Streator District…
Berry Announces Initiatives to Help Address Global Supply Shortage of Face Mask Materials
EVANSVILLE: Berry Global Group has announced strategic initiatives to increase production of face mask materials. The initiatives include the Company designating additional capacity for the production of face mask materials…
Names of Member Customs (Operation), Member Inland Revenue (Operation) and Member Admin FBR to be notified today
KARACHI: The Federal Board of Revenue (FBR) is likely to announce the appointments of officers on the seats of Member Customs (Operation), Member Inland Revenue (Operation) and Member Admin (FBR)…
Reduced oil and gas production to hurt E&P companies’ exploration plans
LAHORE: Country’s oil and gas production for the second half of FY20 is expected to decline significantly due to COVID-19 pushed lockdown, which might result in slashed exploration spending, analysts…
Government to settle Rs82bn tax refunds to resolve cashflow issues of businessmen
ISLAMABAD: The government on Thursday vowed to settle at least Rs82 billion worth of sales and income tax refunds in a week to resolve liquidity crunch and cash flow issues…
IMF BoF approves $1.4bn for Pakistan under RFI
ISLAMABAD: The Executive Board of the International Monetary Fund (IMF) has approved a purchase for Pakistan under the Rapid Financing Instrument (RFI) equivalent to SDR 1,015.5 million (US$ 1.386 billion,…