Mikko Koskimies appointed CEO of eQ Plc
HELSINKI: eQ Plc’s Board of Directors has decided to appoint Mikko Koskimies as CEO of eQ Plc. Mikko Koskimies acts currently as the Managing Director of eQ Asset Management Ltd…
SHC dismisses misconceived petitions with cost, Wasting time of court
KARACHI: A customs appellate bench of High Court of Sindh on Friday dismissed two constitution petitions filed by Messrs S.A Enterprises against Pakistan Customs for holding their consignments over a…
FBR drafts Rules to govern import and export at CPEC Special Economic Zones and Gwadar Tax Free Zone
KARACHI: The Federal Board of Revenue (FBR) has notified the rules to govern the trade i.e import and export for Gwadar Tax Free Zone and Special Economic Zones under China…
Trade cannot be one way; Pakistan needs to focus on improving exports to Switzerland: Envoy
KARACHI: Ambassador of Switzerland Bénédict de Cerjat has said that although trade balance between Pakistan and Switzerland was largely in favor of his country but the trade cannot be one…
SECP allows licensed individuals to act as Securities Advisors
ISLAMABAD: To broaden investor base and enhance capital market outreach, the Securities and Exchange Commission of Pakistan (SECP) has notified key amendments in the Securities and Futures Advisors (Licensing &…
Meezan Bank and The Islamia University of Bahawalpur (IUB) join hands to Islamic Finance expertise
Karachi: Meezan Bank, Pakistan’s first and largest Islamic bank and The Islamia University of Bahawalpur (IUB) have recently signed a Memorandum of Understanding (MoU) to abridge the industry-academia gap marking…
Emirates becomes one of the first airlines in the world to trial IATA Travel Pass, a digital platform for COVID-19 updates and test verification
Karachi / Dubai – Emirates has partnered with the International Air Transport Association (IATA) to become one of the first airlines in the world to trial IATA Travel Pass –…
Sindh High Court orders issuance of notice to FIA on petition challenging FIA’s illegal raid on Digitonics office
Sindh High Court’s divisional bench, comprising Justice Phulpoto and Justice Abdul Mobeen Lakho, gives FIA only until next week to provide explanation and reply. The petitioner’s counsel argued that the…
MCC Lahore seizes 3,000 hormonal injections
LAHORE: MCC AFU Lahore has lodged an FIR against one Hasnain Raza, M/s UPS Courier and M/s Faisal Cargo Agency for importing hazardous Boostin-S injections. These hormonal injections are administered…
I&I Hyderabad recovers foreign whisky worth Rs4.1 million
HYDERABAD: Customs Intelligence & Investigation Hyderabad has recovered 170 bottles of foreign origin whisky from a container laden vehicle at National Highway and arrested two persons. Keeping in line with…
105 ONOs served on three importers ordering recovery of Rs277 million, penalty Rs65 million
KARACHI: Customs Adjudication has served 105 orders in original (ONOs) ordering a tax/duty recovery of Rs279 million along with a penalty of Rs65 million on importers including M/s Indus Trading,…
Meeting of Vigilance Committee on FBR’s lands held
KARACHI: A meeting of Vigilance Committee on FBR’s lands in Sindh was held on Wednesday, January 20, 2021 in the Conference Room of 5th Floor, Custom House in Karachi. The…
CCP TO CONCLUDE FIRST ROUND OF HEARINGS IN SUGAR CARTELIZATION CASE BY NEXT WEEK
ISLAMABAD: The Competition Commission of Pakistan (CCP) has on 7th January 2021 commenced hearings in the proceedings against Pakistan Sugar Mills Association (PSMA) and 84 member mills for prima facie…
Avanza Solutions and Hysab Kytab sign a strategic partnership agreement to boost the digital financial inclusion of customers
Karachi: Avanza Solutions – one of the leading Fintech organizations across the globe, has entered into a strategic partnership with Hysab Kytab –a Fintech that offers a suite of financial…
Mere registration of a company doesn’t confirm the right to collect investments: SECP
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has clarified that mere registration of a company with SECP does not authorize acceptance of deposits from general public. Deposit taking…
SHC dismisses SCRA filed by Customs against SG Enterprises
KARACHI: A Special Custom Reference Application (SCRA) No 796 0f 2019 filed by Collector of Customs was dismissed while a connected Constitutional Petition 5626/2020 filed by Messers SG Enterprises was…
Agha Dialysis Centre provides free dialysis treatment to more than 50,000 patients suffering from renal disease
Karachi, January 20: Agha Dialysis Centre (ADC) has provided specialized free dialysis treatment to more than 50,000 patients suffering from renal disease at its facilities in Karachi since its establishment…
Customs Enforcement seeks permission to file CPLA
KARACHI: The hearing of a contempt plea filed by Hasan Nadeem and others, owners of goods stored at rented Godowns was adjourned to a date in office by a Division…
OICCI holds 3rd Women Empowerment Awards, acknowledges members for empowering women at workplaces
Karachi: ‘The Overseas Investors Chamber of Commerce and Industry (OICCI) and its member companies are the torch bearers for empowering women at the workplace. The corporate sector across Pakistan can…
Pakistan International Bulk Terminal sets record for handling more than 1 million tonnes of coal in December
Karachi: Pakistan International Bulk Terminal (PIBT) handled a record 1.04 million ton of coal cargo in December 2020, which is 32 percent more than 0.791 million ton cargo handled in…