MPCL discovers gas in Sindh
KARACHI: Mari Petroleum Company Limited (MPCL) has announced a gas discovery from its exploratory effort at IqbalArea1, drilled in Mari D&P Lease located in Ghotki, Sind. Iqbal well 1 was…
Meezan Bank announces Financial Results for the half year ended June 30, 2020
Karachi: The Board of Directors of Meezan Bank Limited in its meeting, held on August 17, 2020 approved the financial statements of the Bank for the half year ended June…
Customs Quetta succeeds in breaking network of smugglers
QUETTA: Customs Quetta has seized 21 tons of smuggled betel nut from a trailer coming to in country from Taftan. Infromation was passed through Collector Preventive Irfan Javed to Deputy…
SBP extends time for settlement of Foreign Currency Loans amid COVID-19 Pandemic
Continuing with its commitment to support the industry amid COVID-19 pandemic, SBP has further facilitated the exporters and importers by allowing extension up to 180 days in settlement of their…
SHC calls record of suit from sub_ordinate court in appeal by Telenor Pakistan
KARACHI: A bench of High Court of Sindh (SHC) on Thursday called record of a suit decreed against Telenor Pakistan by a court of Senior Civil Judge. The suit was…
Contempt notice issued for encashment of security deposit
KARACHI: The notices for alleged contempt of court were issued against Collector and Deputy Collector of Customs, Port Muhammad Bin. Qasim in a petition filed by Jubilee Textile and Gravity…
SHC summons test report in alleged heroin smuggling case
KARACHI: The laboratory test report was summoned in analleged case of heroin smuggling by a division bench of High Court of Sindh (SHC). The bench was hearing a criminal acquittal…
Pact with IPPs good step but forensic audit must to save industry: FPCCI
As the production cost continues to go high and Pakistan has become uncompetitive in global market the Federation of Pakistan Chambers of Commerce & Industry has termed the government’s recent…
Manufacturers required to pay only 1.0% advance income tax on imports
KARACHI: Federal Board of Revenue (FBR) has notified the manufacturers, who were covered under rescinded SRO 1125, would pay 1.0 percent advance income tax on import of raw material. The…
Valuation Ruling No. 1465/2020
Valuation Ruling No. 1465/2020 against Custom Values of Polyester Spun Yarn, Viscose Spun Yarn, Acrylic Spun Yarn valuation 1465
Valuation Ruling No. 1464/2020
Valuation Ruling No. 1464/2020 against Custom Values of Viscose Filament Yarn valuation 1464
SBP enhances loan size under its refinance scheme to support women entrepreneurs
To encourage women participation in the economy, State Bank of Pakistan (SBP) has enhanced the financing limit under its Refinance and Credit Guarantee Scheme for Women Entrepreneurs from Rs1.5 million…
Order placing Principal Appraiser on hold suspended by SHC
KARACHI: Hearing a suit filed by a Principal Appraiser of Pakistan Customs who was transferred frequently from one place to another throughout Pakistan, a single judge of High Court of…
FPCCI seeks relief package for your operators
KARACHI: Federation of Pakistan Chambers of Commerce & Industry (FPCCI) has sought a relief package for religious tour operators engaged in Hajj, Umrah & Iran-Iraq Ziyarat operations. In a letter,…
All Pakistan Timber Traders Association (APTTA)
Sharjil Goplani Chairmen, All Pakistan Timber Traders Association has appealed and urged Honorable Prime Minister, PTI’s government, Chairmen FBR and Chairmen Committee of Imported goods to include PCT: 44.07 …
TPL Insurance Partners with Pak Suzuki to Offer Convenient Auto Insurance Services
KARACHI: TPL Insurance, Pakistan’s first Direct Insurance Company, has signed a Strategic Partnership MoU with Pak Suzuki, the country’s largest Car Manufacturing Company. Following the partnership, Pak Suzuki customers can…
Customs Quetta seizes 15 tons of betel nut
QUETTA: Customs Preventive Quetta has seized 15 tons of betel nut, which was being transported in the garb of onion. Information was passed through collector Preventive Irfan Javed regarding transportation…
Customs Intelligence Hyderabad seizes 26 tons of smuggled betel nut
HYDERABAD: Following the directions of Abdul Rasheed Sheikh, Director General, Directorate General of Intelligence & Investigation-FBR (Customs) Islamabad to curb the menace of smuggling, the Director Dr. Sadiqullah Khan, Regional…
Customs Intelligence Quetta seizes smuggled goods worth Rs70 million
QUETTA: Customs Intelligence & Investigation Quetta has seized large quantity of smuggled goods including betel nut and a non-custom-paid Toyota Land Cruiser worth Rs70 million. Sami-ul-Haq has recently assumed the…
Fire at Customs Intelligence & Investigation Karachi destroys record
KARACHI: Most of the record at Directorate of Customs Intelligence and Investigation Karachi was destroyed after a mysterious fire erupted at the offices of the Directorate on Saturday. The offices…