SHC dismiss petition by Gas & Oil Limited Pakistan
Karachi: “The petroleum levy is to be charged, levied and paid at the rate (s) as notified under the 1961 Ordinance and as prevalent at the time of actual payment…
Three IRS officers promoted to BS-22
KARACHI: Federal Board of Revenue (FBR) has notified promotions of three Inland Revenue Service (IRS) officers into BS-22 According to a notification issued October 29, 2020, in pursuance of approval…
FPCCI for reducing petroleum levy, taxes to support trade and industry
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has asked the government to slash the levies and taxes ratio on oil to support the industry and trade,…
SECP measures gender diversity on boards and business leadership in Pakistan
ISLAMABAD: In a Webinar organized by the Pakistan Institute of Corporate Governance (PICG) and the Centre of Excellence in Responsible Business (CERB), Securities and Exchange Commission of Pakistan (SECP) Commissioner,…
FBR collects Rs1.33 trillion in four months
ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs1.33 trillion in taxes during the first four months of the current fiscal year. The July-October tax collection target of Rs1.322 trillion…
Shaikh and Ranjha promoted to BS-22
KARACHI: Federal Board of Revenue FBR has notified promotions of two Pakistan Customs Service PCS into BS-22. Promoted officers include Abdul Rasheed Shaikh and Saleem Ahmed Ranjha.
OICCI disturbed at FBR action against JAZZ – Negative for attracting FDI
Karachi: Overseas Investors Chamber of Commerce and Industry (OICCI), the collective body of top 200 multinational companies in Pakistan, expressed its shock and dismay at the action of the FBR…
Payment delays, COVID-19 push KE into PKR 2.96 bn loss
Karachi: The Board of Directors of K-Electric Limited in its meeting held on October 27, 2020, approved the Company’s financial results for the year ended June 30, 2020. In the…
Shell Pakistan announces a profit in Q3 2020
Karachi: The Board of Directors of Shell Pakistan Limited (‘SPL’) announced the third quarter results for the company on 28th October. The company posted an after tax profit of PKR…
President KCCI condemns Islamophobic remarks by French President International Community must play role, France must apologize: Shariq Vohra
KARACHI: The leadership of Businessmen Group and Office Bearers of the Karachi Chamber of Commerce & Industry, while strongly condemning the republication of blasphemous caricatures in France and the Islamophobic…
Revenue evasion on ball bearings and spark plugs; Two more FIRs lodged
KARACHI: MCC Appraisement West has lodged two more FIRs against several accused for evading government revenue through mis-declaration on import of ball bearings and spark plugs. FIRs have been lodged…
FPCCI urges OGRA to revoke increase in Gas price
Karachi (PR) Mian Anjum Nisar, President FPCCI has expressed his concerns over the unkind upswing in natural gas prices. He said that this decision would seriously affect the industrial sector,…
Lawyers across Sindh observe strike in protest over French blasphemous caricature
KARACHI: Lawyers of Sindh observed a complete strike here on Wednesday to protest the publication of blasphemous caricature in France. Not a single case, even the cases of urgent nature…
DRAP notifies increase in prices of 94 medicines
ISLAMABAD: Drug Regulatory Authority of Pakistan (DRAP) has issued notification of increase in prices of 94 medicines including medicines used for fever, headache, heart disease, malaria, diabetes, sore throat and…
COVID-19 response: Emirates SkyCargo to set up the world’s largest GDP compliant air cargo hub in Dubai for global distribution of COVID-19 vaccine
Dubai, UAE Emirates SkyCargo is stepping up its readiness to handle the logistical complexities of distributing a potential COVID-19 vaccine globally by creating the world’s first dedicated airside cargo hub…
Lucky Cement records consolidated earnings of PKR 5.13 billion for the first quarter ended September 30, 2020
Karachi: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 5.13 billion of which PKR 0.78 billion is attributable to non-controlling interests for the first…
PAK-QATAR TAKAFUL GROUP HOLDS WEBINAR ON UNDERSTANDING TAKAFUL PRODUCTS
Karachi: Pak-Qatar Takaful Group in collaboration with IBA-CEIF (Centre for Excellence in Islamic Finance) recently held a webinar on Understanding Takaful Products by the company Chairman, Shariah Advisory Board, Mufti…
SHC asks DRAP to act as per law
KARACHI: Drug Regulatory Authority of Pakistan (DRAP) was asked to act per its law and mandate and decide the application of a petitioner company for grant of NOC. The bench…
SHC restrain customs from releasing consignment of balls
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Junaid Ghaffar and Justice Agha Faisal restrained the Pakistan Customs from releasing a disputed consignment of tennis…
SBP introduces a transparent mechanism with complete delegation to banks for remitting disinvestment proceeds to facilitate foreign direct investment
The State Bank of Pakistan (SBP) has introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to their foreign shareholders. The goal of this…