FBR devises system for online payment
KARACHI: Federal Board of Revenue FBR has devised a centralized system for online payment of Customs Duty Drawback directly in the bank account of the Exporters FBR has required from…
Shippers express inability to waive detention charges
KARACHI: Shipping lines have expressed their inability to waive container detention charges, which was requested by the ministry as well as Customs, because the shipping industry itself is hit by…
ECC approves extension in existing free period from 5 working days to 15 working days for containers at port
ISLAMABAD: On the Proposal moved by the Ministry of Maritime Affairs, Economic Coordination Committee (ECC) approved the KPT Board Resolution for extension in existing free period from 5 working days…
Pakistan agrees to open Afghan border thrice a week starting April 10
ISLAMABAD: Responding to Afghanistan Government’s special request, and based on humanitarian considerations, Government of Pakistan has decided to facilitate movement of cargo trucks and containers to cross-over into Afghanistan through…
KCCI demands an across the board amnesty for industry and SMEs
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI), in a letter to Prime Minister Imran Khan, has demanded a special incentive package for all sectors of industry and Small…
Engro Fertilizers sets up quarantine facility and distributes 1500 ration bags
Karachi: As part of its ongoing efforts to support the district authorities and Daharki community amid the Coronavirus outbreak, Engro Fertilizers has converted its Technical Training College (TCC) into a…
K-Electric reports increased earnings, but mounting govt. receivables, COVID-19 shutdown threaten operational sustainability
Karachi: The Board of Directors (BoD) of K-Electric (KE) Limited in its meeting held on April, 09, 2020 at the KE Head Office, approved the Company’s financial results for the…
FBR finalizes amendments in Income Tax Rules to enable online integration of businesses
KARACHI: The Federal Board of Revenue (FBR) has proposed further amendments in Income Tax Rules, 2001, whereby another Chapter VIIA is being inserted to enable online integration of businesses. According…
ASO seizes smuggled goods
MULTAN: Anti-smuggling organization Multan has seized large quantity of smuggled goods worth Rs22 million.. Acting on a tip of, the Staff of Anti-Smuggling Organization, Jhang, MCC (Enforcement and Compliance), Multan…
JJVL to increase LPG production by 100 tons/day
KARACHI: Jamshoro Joint Venture Limited (JJVL) has announced to increase its liquid petroleum gas (LPG) production by 100 tons/day to 400 tons/day. Following a steep reduction of liquid petroleum gas…
Save Industries & protect worker’s jobs SAI appeals Govt to finalize COVID-19 prevention SOPs for industries
Karachi: President Site Association of Industry(SAI) Suleman Chawla, has appealed to the Sindh government to provide SOPs with immediate effect instead of shutting down industries as the industries are already…
Business Activities should be Supported Instead Harassment, Mian Anjum Nisar President FPCCI
Mian Anjum Nisar President of the Federation of Pakistan Chambers of Commerce and Industry, showed serious concern over unfavorable behavior towards the trade and industry that are supporting the government…
Sinco Re_Rolling Mill files petition COSCO Shipping Lines put on notice for April 16
KARACHI: Cosco Shipping Lines, COllector Custom Port Muhammad Bin Qasim (PMBQ) and other respondents were put on notice for April 16 in a petition filed by Sinco Re_Rolling Mills. A…
Nearly 70 percent of the export orders lost: FPCCI
KARACHI: Exporters have lost nearly 70 percent of the export orders due to lockdown, and in order to complete the remaining, industry need government support instead of harassment and arrest…
Utility Stores Corporation to buy 200,000 tons of sugar from millers, stockists
KARACHI: Utility Stores Corporation (USC) is procuring 200,000 tons of white refined sugar from millers and stockists as marked difference in sugar prices from the retail market and insufficient supplies…
Asian apparel exporters urge buyers to act responsibly amid Covid-19 crisis
DHAKA: The Sustainable Textile of Asian Region (STAR), a platform of apparel exporters in Asia, has called upon the global brands, retailers and traders to follow responsible purchasing practices amid…
Wasif Memon takes stringent measures to ensure safety of Custom House staff
KARACHI: Chief Collector Wasif Memon held a meeting at his office on Wednesday, which was attended by Collectors Saquif Saeed, Nadeem Memon, Jamil Nasir, Imtiaz Sheikh; Additional Collectors Haroon Mailk,…
ASO Faisalabad seizes smuggled goods worth Rs15 million
FAISALABAD: Anti-smuggling Organization (ASO) Faisalabad has seized large quantity of smuggled cumin seed and Mono Sodium Glutamate (Chinese Salt) worth Rs15 million. Acting on information, the Staff of Anti-Smuggling Organization,…
KE to resume Meter-reading; Billing on Actual Consumption
Karachi: K-Electric (KE) has decided to resume meter reading in select areas of the city from April 9, 2020. The power utility has taken this step in consultation with the…
Pakistan’s overall cement sales decline 14% in March
KARACHI: Pakistan’s overall cement dispatches recorded a decline of 14% YoY during the month of March 2020, ending at 3.72mn tons compared to 4.34mn tons in the same month last…