Walmart sales surge at stores and online
NEW YORK: Walmart Inc beat Wall Street expectations with its quarterly revenue and earnings on Tuesday and reported record U.S. online sales as stockpiling drove consumers to its stores and…
Easypaisa to facilitate SMEs through “Easy Business”
KARACHI: Easypaisa, Pakistan’s leading mobile banking platform operated by Telenor Microfinance Bank, has initiated an extensive drive to facilitate Small and Medium Enterprises in Pakistan especially during the current COVID-19…
PHMA URGE GOP FOR EXTENSION IN CUT-OFF DATE FOR SUBMISSION OF INCREMENTAL CLAIMS OF DUTY DRAWBACK OF TAXES FOR FY 2018-19 BY 31ST JULY 2020
Commerce Ministry should consider extension in cut-off date of submission of incremental claims of Duty Drawback on Taxes (DDT) for the year 2018-2019 from 31st May 2020 to 31st July…
Shell Pakistan launches its flagship store on daraz.pk
Karachi: Shell Pakistan (‘Shell’) has partnered with daraz.pk to provide a safe and convenient online shopping experience for its customers purchasing vehicle lubricants. Shell’s wide range of high quality lubricants…
Yaqoob Mako assigned additional charge of Director I&I Gwadar
KARACHI: Director Customs Intelligence and Investigation Karachi Yaqoob Mako is assigned the additional charge of Director Customs Intelligence and Investigation Gwadar with immediate effect. Mako is considered a very honest…
PIA posts revenues of Rs147.5 billion for the year 2019
KARACHI: In a remarkable exhibit of performance, PIA has announced its financial results for the year 2019, after approval of its board and submitted with SECP and Pakistan stock exchange.…
K-Electric announces further relief for small businesses
KARACHI: In continuation of earlier relief measures on account of the COVID-19 crisis, K-Electric (KE) is facilitating Small and Medium Enterprises (SMEs) through pre-paid electricity bills under the “Chota Karobar-o-Sannat…
Tariq Huda appointed Member Customs (Operations)
ISLAMABAD: The Federal Board of Revenue (FBR) has notified that Syed Muhammad Tariq Huda, a BS-21 officer of Pakistan Customs Service, is posted as Member Customs (Operations) with immediate effect.…
Business enabling Regulatory Environment to boost Ease of Doing Business and FDI
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI), has felicitated the SECP on the Companies (Amendment) Ordinance, 2020 promulgated on April 30th. The Chamber, along with other leading…
APCNGA Crude slips from $61 to $30, high sulphur down from $391 to $15, Ogra can reduce gas prices by implementing pricing formula CNG price is linked to oil, should be reduced: Ghiyas Paracha
The All Pakistan CNG Association (APCNGA) on Monday said prices of local gas are linked to the oil price in the international market, therefore its price can be reduced by…
ASO Preventive getting tough time as anti-smuggling drive continues
KARACHI: ASO Preventive Karachi is facing extreme pressure and harassment by parliamentarians backed smugglers as the anti-smuggling drive gains pace. Certain elements are lodging complaints against ASO staff, while influentials…
‘Businesses be permitted to operate 24-hours a day during last week of Ramazan’
KARACHI: Chairman Businessmen Group (BMG) and former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has urged the Sindh Government to completely do away with the ongoing…
PIA resumes domestic flight operations
KARACHI: PIA Domestic Flight Operation resumed partially on 16 May 2020. The first domestic flight PK 8304 took off from Jinnah International Airport for Lahore on Saturday afternoon at 1:30…
SBP and ROZEE.PK join hands to impart free of cost financial literacy education
National Financial Literacy Program for Youth (NFLP-Y), a project of the State Bank of Pakistan (SBP), and Rozee.pk have partnered to impart free of cost financial literacy education to Pakistan’s…
Employers Federation lauds cut in policy rate
KARACHI: Ismail Suttar, President Employers Federation of Pakistan (EFP) has lauded cut in policy rate and commended efforts by State Bank (SBP) of continuing to maintain credit flow and liquidity…
Imran Enterprises lodges against Customs Preventive for illegally seizing imported goods
KARACHI: M/s Imran Enterprises has lodged a complaint before Collector MCC Preventive and Customs Court that Customs staff had seized his legally imported cutch blocks weighing 25.3 tons. Muhammad Izhar…
FPCCI Demands Further Reduction in Policy Rate
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) while appreciating cut in policy rate by 100 bps to 8% has demanded Governor State Bank of Pakistan (SBP) to…
SECP extends time period for renewal of section 42 licenses
ISLAMABAD: To facilitate not-for-profit companies in the wake on ongoing corona pandemic, the Securities and Exchange Commission of Pakistan (SECP) has relaxed the time period for renewal of license, issued…
KATI demands similar tax regime for all industries
KARACHI: President of Korangi Association of Trade & Industry (KATI) Sheikh Umer Rehan has demanded the government should ensure a similar tax regime for all industries in the upcoming budget.…
State Bank of Pakistan cuts key interest rates by 100bps to 8.0 percent
KARACHI: At its meeting on 15th May 2020, the Monetary Policy Committee (MPC) of State Bank of Pakistan decided to reduce the policy rate by 100 basis points to 8…