Tariq Huda repatriated to FBR
ISLAMABAD: The Establishment Division has notified that Syed Muhammad Tariq Huda, a BS-21 officer of Pakistan Customs Service, presently posted as Additional Secretary Commerce Division, is repatriated to his parent…
MCC Appraisement West seals Assessment Hall
KARACHI: The Assessment Hall at MCC Appraisement West was sealed after two Appraising Officers tested positive for Corona virus. These two officers Asif Jamil and Khizar Hayat had been transferred…
CCP LAUNCHES ONLINE SYSTEMS FOR PROCESSING MERGER APPLICATIONS, COMPLAINT FILINGS, & CONDUCTING HEARINGS
ISLAMABAD: Amid the COVID-19 situation, the Competition Commission of Pakistan (CCP) in order to facilitate the local and foreign investors intending to invest in Pakistan through mergers, acquisitions, and joint…
KCCI urges shopkeepers to strictly adhere to SOPs, negligence to create disastrous situation – Slackness may cause another lockdown leading to permanent closure of many businesses, cautions Agha Shahab
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has urged shopkeepers of each and every commercial market across Karachi to strictly adhere to all the…
Aimed COVID-19; SECP to continue adjudication function through online hearings
ISLAMABAD: The SECP, to ensure continuity of its adjudication function, while keeping the health and safety of respondents at forefront, has decided to conduct hearings through video conferencing facility where…
Serious mismanagement prevails at Federal Board of Revenue (FBR)
KARACHI: There prevails serious mismanagement at Federal Board of Revenue (FBR), as officers are being transferred on weekly basis and without the consultation of senior officers of Customs and Inland…
Wafaqi Mohtasib Secretariat to hear alleged bribery complaint against custom officials on May 18
KARACHI: Taking notice of a complaint filed by one Nizamuddin Khaskheli , owner of an imported Toyota Double Cabin that officials of Customs Intelligence & Investigations namely SPS Sikandar Khanzada…
Corona Virus: Disease, Drama or Myth
KARACHI Corona virus is not a new virus but a two decade old now and has been known to found in many countries, affected thousands and also claimed deaths. Like…
Value added textile sector demands restoration of SRO 1125
KARACHI: The value added textile export sector has reached to the verge of disaster due to severest ever liquidity crisis in the history of Pakistan caused due to imposition of…
Corona Virus spread feared in container terminals, Custom officers, terminal staff tests positive
KARACHI: Corona virus (COVID 19) is spreading in container terminals at Karachi as the custom officials posted and terminal staff is contracting the life threatening virus. According to confirmed reports…
ASO Gwadar seizes 99kg of narcotics
GWADAR: Anti-smuggling Organization (ASO) of MCC Gwadar has seized large quantity of narcotics worth millions of rupees. Information was received through Collector Gwadar Tahir Qureshi regarding movement of contraband goods.…
Press Release on Workers’ Remittances
1. The Workers’ Remittances received during July – April FY20 amounted to US $ 18,781.6 million recording an increase US $ 980.6 million or 5.5 percent over remittances received during…
Masroor Mahmud appointed as GE’s CEO for Pakistan
Islamabad: GE (NYSE:GE) has announced the appointment of Masroor Mahmud as its CEO for Pakistan. He is mandated with driving the company’s growth in the country and aligning business strategy…
State Bank enhances scope and financing limits under its Rozgar Scheme
Since its launch of Refinance Scheme to Support Employment and Prevent Layoff of Workers, called Rozgar Scheme in common parlance, State Bank has been constantly receiving feedback from various stakeholders,…
PPMA opposes any decision to stop import of Indian drug raw material
KARACHI: Pakistan Pharmaceutical Manufacturers’ Association (PPMA) has warned the federal government that any decision to discontinue import of raw material of medicines from India will weaken the country’s ability to…
FPCCI holds virtual Pre-Budget consultative meeting
The Federation of Pakistan Chambers of Commerce & Industry (FPCCI) held a video-link virtual meeting with the Adviser to PM on Finance & Revenue Dr. Abdul Hafeez Shaikh and discussed…
Aimed COVID-19; SECP measures to facilitate Insurers and policyholders
ISLAMABAD: To facilitate insurance policyholders in current challenging times, the Securities and Exchange Commission (SECP) has asked insurance companies to waive non-mandatory requirements for claims processing. SECP has also advised…
FBR orders inquiry regarding smuggling through trains
KARACHI: The Federal Board of Revenue FBR has taken action on the complaint of I.G Railway Police, and advised Customs Intelligence and Investigation to submit a report in this regard.…
Sindh government allows businesses to operate from 6am to 5pm
KARACHI: The Sindh government on Sunday allowed all the markets in the province to resume business activities from tomorrow after successful negotiations between the traders’ alliance and Chief Minister Murad…
Valuation Ruling No. 1444/2020
This Valuation Ruling No.1444 was quashed the very day it was issued being wrong in calculations. This VR was not updated in WeBOC system or the FBR website. Here it…