Policy being devised to lay-off government employees
KARACHI: A policy is being devised for government employees according to which the job security till 60 years of age will be withdrawn and seasoned employees would gradually be laid…
PSX and MUFAP Appreciate Capital Market Reforms
Karachi: Pakistan Stock Exchange (PSX), Mutual Funds Association of Pakistan (MUFAP) and the Capital Market entities and participants are appreciative of the Ministry of Finance, the Director General (Debt), DPCO,…
SBP enhances scope of refinance facility to support health facilities
On 17th March, 2020, SBP introduced a refinance scheme, titled Refinance Facility to Combat Covid-19 (RFCC), to support the hospitals and health sector for providing services to directly fight against…
Foreign investors upbeat with improved security environment – OICCI Security Survey 2020
Karachi: Overseas Investors Chamber of Commerce and Industry (OICCI), the largest chamber in terms of economic contribution and representing top 200 foreign investors in Pakistan, has released the results of…
SECP introduces Professional Clearing Member Regulations
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued draft Professional Clearing Members (PCM) Regulations, 2020 for public consultation. Professional clearing members denotes the concept of a third…
Yusuf Plaza in Bolton market raided again, smuggled goods worth Rs30 million recovered
KARACHI: Anti-smuggling Organization (ASO) of MCC Preventive Karachi conducted a raid on Yusuf Plaza in Bolton Market and recovered large quantity of smuggled goods worth Rs30 million. A raid had…
Federal government proposes to regulate Afghan transit trade under quota system
KARACHI: Federal government has proposed to set a quota for Afgan transit trade in order to regulate the transit trade and promote business between the two countries. As the Transit…
Textile Exporters perturbed over unreasonable delays in refunds and demand to restore GST Zero-Rating or reduce GST from 17% to 4% or make full upfront payment on submission of GD: CH. SALAMAT ALI
Textile Exporters are highly perturbed over excessive and unreasonable delays in GST refunds which has been continuously causing liquidity problems from July 2019 when 17% GST was imposed by the…
Nausheen Amjad removed; Javed Ghani made de facto Chairperson FBR
KARACHI: Member Federal Board of Revenue (FBR) Muhammad Javed Ghani (BS-22) of Pakistan Customs Service (PCS) is assigned additional charge of Chairman FBR for a period of three months or…
FPCCI Organizes Interactive Session on Horticulture Sector in Pakistan: Potentials & Impediments
There are 11 agro-climate zones where Pakistan can cultivate different varieties of fruits, vegetables and flowers to earn foreign exchange, this was stated by Shaikh Sultan Rehman, Vice President of…
Siraj Teli urges govt. to end KE’s monopoly
KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli, while strongly criticizing K-Electric over excessive load shedding and its failure to…
Customs Queta seizes large quantity of smuggled goods, narcotics
QUETTA: Quetta Customs recovered 435kg of Hashish from a Coach Bus coming from border area at Yaroo Check post. The estimated value of the said narcotics in international markets is…
ASO I&I Karachi seizes 50,000 liters of smuggled diesel, FIR lodged
KARACHI: ASO of Directorate of Customs Intelligence and Investigation Karachi seized 50,000 liters of smuggled High Speed Diesel (HSD) worth Rs5.079 million and lodged an FIR. Director I&I Karachi Yaqoob…
Total seizures on 1st July, 2020 at Bolton market
1- cigarette assorted brands= 142 cartons (7100 danda) 2- Tobacco (mix brands)= 1201 cartons (7275 kgs) 3- Molasses flavours= 573 cartons (5000 kgs) 4- Gutka= 80 sacs (2000 kgs) 5-…
Provisional release of oil tanker ordered
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Umar Sial and Justice Zulfiqar Sangi allowed provisional release of an oil tanker detained for use in transporting…
ASO Preventive Karachi recover smuggled goods worth Rs40mn from Yusuf Plaza
KARACHI: Anti-smuggling Organization (ASO) of MCC Preventive Karachi conducted a raid on Yusuf Plaza in Bolton Market and recovered large quantity of smuggled goods worth Rs40 million. On the directives…
FIR lodged against Assistant Collector, iron and steel importers for fraud
KARACHI: Directorate of Customs Intelligence and Investigation Karachi has lodged an FIR against several persons including an Assistant Collector and an Examination Officer for colluding with the iron and steel…
Textile Exporters fear GoP could not release refunds in FY20-21 and deliberating to operate or close their industries: BILWANI
Textile Exporters are fearing that Government in FY2020-21 would not be a in a position to refunds of 17% sales tax to exporters as well as customs rebate, duty drawback…
CCP ACHIEVES MAJOR MILESTONES; APPROVES 59 MERGERS, 43 EXEMPTIONS DURING FISCAL YEAR 2019-20
ISLAMABAD: The Competition Commission of Pakistan (CCP), in the fiscal year 2019-20, has processed and granted approval to 59 Merger & Acquisition applications against the annual target of 50, showing…
Sindh Govt. urged to revoke extension in lockdown, allow all businesses to operate at full capacity
KARACHI: Chairman Businessmen Group (BMG) Siraj Kassam Teli and President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan, while strongly rejecting the extension in lockdown up to…