KE profit slips during Q1 period!
Karachi: The Board of Directors of K-Electric Limited (KE) in its meeting held on November 27, 2020, at the KE head office, approved the Company’s financial results for the quarter…
Pakistani fashion e-commerce startup Clicky.pk attracts $700,000 funds
Lahore-based fashion e-commerce startup, Clicky.pk, closed USD 700,000 in a Pre-Series A round of funding. Former executives from Amazon MENA region as well as Xiaomi along with few other angel…
SHC Mumtaz Ghani Textile Mills, SHC seeks compliance report in 10 days
KARACHI: Hearing two almost identical petitions filed by Mumtaz Ghani Textile Mills Ltd, a customs appellate bench of High Court of Sindh on Monday allowed ten day time to the…
Customs e-commerce clearance facility to support exports in post-corona era
PRGMEA chief asks govt to also launch Digital Market Policy in consultation with stakeholders. The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) on Monday appreciated the efforts of Pakistan…
OPENING OF CONCERNED BRANCHES TO FACILITATE THE COLLECTION OF GOVERNMENT RECEIPTS / DUTIES / TAXES ON NOVEMBER 30, 2020
In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches…
Customs I&I Karachi detects illegal removal of goods from Export Processing Zone
KARACHI: Customs Intelligence and Investigation Karachi has lodged an FIR against M/s Laiba Industries Pvt Ltd and several others for illegally removing goods from Export Processing Zone (EPZ) to local…
Marriage halls, eateries closure: FPCCI wants decision in consultation with stakeholders
Anjum Nisar says outdoor gathering permission not practicable in winter; unilateral decision not acceptable The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), raising voice against closure of marriage…
Customs Reforms & Automation failed to update WeBOC to facilitate declaration of retail price of imported items
KARACHI: Despite lapse of over a year, Directorate of Reforms and Automation has failed to incorporate changes in WeBOC regarding collection of sales tax on retail price at import stage…
Paul Koyi urges Pakistani businessmen to improve ties with Tanzanian counterparts
KARACHI: President Tanzania Chamber of Commerce, Industry & Agriculture (TCCIA) Paul F. Koyi has urged the Pakistani businessmen & industrialists to improve ties with Tanzanian counterparts by exploring more avenues…
ASO Preventive Karachi seizes non-custom-paid vehicles worth Rs188.5 million
KARACHI: The ASO of MCC Preventive Karachi has seized 12 non-custom-paid vehicles worth Rs188.5 million in the last 18 days. Collector Preventive Saquif Saeed advised Additional Collector Haroon Waqar Malik…
Customs Adjudication orders recovery of over Rs1.2 billion from IT products importers
KARACHI: Customs Adjudication has imposed penalties of Rs243.853 million along with recovery of evaded revenue of Rs987 million on several IT products importers. Senate Committee headed by Shibli Faraz had…
K-Electric forms subsidiary for different initiatives taken by the company in the energy sector
KARACHI: As part of a diversification strategy, K-Electric Limited has incorporated a wholly owned subsidiary, KE Venture Company (Pvt) Ltd (KEVCL), which will be a holding company for different initiatives…
Tanzanian Trade Delegation Visited FPCCI
Karachi (PR) A trade delegation from Tanzania visited Pakistan Chambers of Commerce and Industry, (FPCCI) Head Office led by Mr. Paul Koyi, President, Tanzanian Chamber of Commerce, Industry and Agriculture…
KCCI Chief urges shopkeepers to change habits, start businesses upon sunrise
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra has urged shopkeepers and small traders that instead of demanding to enhance business hours from 6:00PM to 8:00PM,…
FPCCI wants competitive interest rate at regional countries’ level
The country’s apex chamber has welcomed the central bank for maintaining status quo for the second consecutive times, but called ‘the 7 percent main policy rate’ as insufficient, especially in…
SHC orders release of automotive parts consignment, DIRECTOR I&I PRAISED FOR HONESTY
KARACHI: The release of a consignment of old. Used automotive parts was ordered by a custom appellate bench of High Court of Sindh (SHC) comprising Justice Muhammad Junaid Ghaffar and…
MCC Port Qasim lodges FIR in the case of liquor smuggling in the garb of diplomatic cargo
KARACHI: MCC Port Qasim has lodged an FIR against Abdul Qadir of M/s World Oceans Center, Shahzada Aman of Saleem Sons Freight Services and others for smuggling liquor through misdeclaration…
Foreign Investors seek protection of Intellectual Property Rights – OICCI IPR Survey 2020
Karachi: Overseas Investors Chamber of Commerce and Industry (OICCI) has announced the key findings of its latest Intellectual Property Rights (IPR) Survey. The OICCI IPR Survey 2020 conducted during September-October…
TPL Insurance Becomes Pakistan’s First Insurance Member of UNEP FI
KARACHI: TPL Insurance has joined the United Nations Environment Program Finance Initiative (UNEP FI) by signing its Principles of Sustainable Insurance (PSI). This is the first time an Insurance Company…
FPCCI Demand inclusion of Essential Raw Materials in the SRO 1240(1)/2020 dated 20″ November 2020: Mian Anjum Nisar, President FPCCI
Karachi (PR) Mian Anjum Nisar, President of The Federation of Pakistan Chambers of Commerce & Industry said that the amendments cover limited industrial raw materials for inclusion in the 12th…