Pakistan Customs, Tax, Shipping & Business News Resource
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)…
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…
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…
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,…
KARACHI: Anti-smuggling Organization ASO of MCC Preventive Karachi has recovered huge quantity of smuggled cigarettes, cigars, tobacco and gutka worth Rs43.18 million. In the ongoing operation against smuggled goods and…
Karachi: The Board of Directors of K-Electric Limited, has elected Mr. Riyadh S. A. A. Edrees as the new Chairman of the Company with effect from April 09, 2020, at…
KARACHI: State Bank of Pakistan (SBP) has slashed the interest rates by another 200 basis points to 9.0 percent. In light of this reduction in growth and inflation expectations, the…
TOKYO: Asia’s economy is expected to stall at zero percent this year, the worst growth performance in almost 60 years, said the International Monetary Fund (IMF) on Wednesday. “This is…
LAHORE: Pakistan’s first E-commerce Index, which provides insights on consumer behaviour and maps out the growth of the ecommerce industry, was launched by Daraz at an online event hosted by…
KARACHI: Total overseas workers remittances to Pakistan during March 2020 increased by 9.3% to US$1,894mn compared with March 2019. During 9MFY20, remittances increased by 6.0% YoY to US$16.99bn. Remittances increased…
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has finalized its proposals for ensuing federal budget, and recommended to reduce the tax rates to help increase competitive edge…
Karachi: Pakistan’s leading pharmaceutical company, Getz Pharma donated 15000 testing kits as well as 1.9 million tablets of Hydroxychloroquine to the Sindh government to help in its fight against the…
MOUNTAIN VIEW: MobileIron, the company that introduced the industry’s first mobile-centric, zero trust platform for the enterprise, today announced that it has entered into a cooperation agreement with Altai Capital…
BELLEVUE: T-Mobile, Sprint and Metro by T-Mobile will offer the powerful and affordable new iPhone SE. Featuring A13 Bionic, the fastest chip ever in a smartphone, iPhone SE offers unparalleled…
WATSONVILLE: Steve Clark, Granite vice president of labor relations, has been appointed to the Southern California Partnership for Jobs (SCPFJ) board of directors. Clark will work with SCPFJ Executive Director…
WASHINGTON: With nations worldwide working to keep their citizens safe and healthy during the COVID-19 pandemic, AIDS Healthcare Foundation (AHF) calls on international bodies – the G20, IMF and World…
DENVER: Sentinel Net Lease has announced the acquisition of an Amazon Customer Service Center in Huntington, West Virginia for $16.9MM, from an affiliate of Lexington Realty Trust. The 69,000 sq.…
WAKEFIELD: The Innovative Optical and Wireless Network Global Forum (IOWN GF) unveiled its Innovative Optical and Wireless Network Global Forum Vision 2030 and Technical Directions White Paper and the IOWN…
LONDON: MYPINPAD (MPP), the global leader in secure personal authentication for payment solutions, has achieved Payment Card Industry (PCI) Security Standards Council (SSC) certification for its Android software-based PIN entry…
GWADAR: Customs Intelligence and Investigation Gwadar in a joint operation with FC Baluchistan has seized Pakistani currency worth Rs7.0 million, which was being smuggled to Iran. Information was received through…