Emirates SkyCargo to transport 247 horses from Liege to Tokyo
Karachi: As the eyes of sporting enthusiasts around the world turn to Tokyo, a group of very special champions are making their way to the Japanese capital on special flights…
New report: Connecting schools has the potential to boost GDP by up to 20 percent in the least connected nations
· Economist Intelligence Unit (EIU) report – Connecting Learners: Narrowing the Educational Divide – highlights four key areas for multi-sector collaboration · Ericsson is an early funder and Global UNICEF…
Press Release of Workers’ Remittances in June 2021
With inflows of around $2.7 billion in June 2021 (9 percent growth (y/y) and 8 percent growth (m/m)), workers’ remittances continued their unprecedented streak of above $2 billion for a…
MCC Quetta seizes copper coated wire worth Rs50 million
QUETTA: MCC Quetta has seized Rs50 million worth of copper coated wire, which was being transported in a truck, at Lakpas. On the instructions of Chief Collector Baluchistan Gul Rehman,…
MCC Appraisement Quetta has implemented WeBOC clearances at all stations
Quetta: Following the directions of the FBR and Mr. Gul Rehman, Chief Collector Customs Balochistan, Collectorate of Customs Appraisement, Quetta has implemented WeBOC at its all stations and formations. Previously…
I&I Sukkur seizes non-duty-paid vehicle, other smuggled goods worth millions
SUKKUR: Directorate of Customs Intelligence and Investigation (Sukkur Region) has seized a non-duty-paid Toyota Premio (Model: 2008) worth Rs3.8 million. Information was passed through Director Sadiqullah to Additional Director Jamshed…
FIR lodged against M/s A.R Industries and M/s Patanwala Traders for fraud
KARACHI: MCC Appraisement East has lodged an FIR against M/s A.R Industries, M/s Patanwala Traders and others for mis-declaring the description, quantity and value of imported goods in order to…
Government’s Fiscal Measures to Boost Investors’ Confidence, American Business Council
Karachi: The American Business Council (ABC) of Pakistan has appreciated the efforts of the Government to facilitate taxpayers, ameliorate ease of doing business and incentivize digitization of the economy. The…
Growing circular debt a threat for economy as financial imbalance looming large
The Federation of Pakistan Chambers of Commerce and Industry’ s Businessmen Panel Chairman Mian Anjum Nisar has said that the growing circular debt in the power sector is a continued…
Customs values of body spray, deodorant, anti-perspirant revised
KARACHI: Director of Customs Valuation Karachi has revised the customs values of body spray, personal deodorants, anti-perspirant vide Valuation Ruling No.1536/2021. Customs values of these items were earlier determined in…
I&I Karachi’s anti-smuggling efforts yield results
KARACHI: Directorate of Customs Intelligence and Investigation Karachi (I&I Karachi) through ceaseless anti-smuggling drive has succeeded in affecting seizures valuing Rs8.5 billion during FY2020-21, up 151.19 percent compared to Rs3.39…
LUMS wins CASE Platinum Award for its National Outreach Programme
Lahore: LUMS has won the global Council for Advancement and Support of Education (CASE) Platinum Award 2021 in the ‘Best Practices in Diversity, Equity, and Inclusion’ category for its National…
edotco wins “Asia Pacific Telecoms Tower Company of The Year” Award by Frost & Sullivan For Fifth Year Running
Islamabad: edotco Group (“edotco”), the leading end to end integrated telecommunications infrastructure services company, was presented with the Frost & Sullivan’s award of “Asia Pacific Telecoms Tower Company of the…
Complaint of Special Judge Customs & Anti-Smuggling carried no substance and rationale: I&I Karachi
KARACHI: Customs Intelligence and Investigation Karachi (I&I) Karachi concluded the initial investigation into the complaint filed by Special Judge, Customs & Anti-Smuggling, Karachi; and notes the matter needs no further…
No stay granted against transfer of custom officer, says custom sources
KARACHI: The transfer of Inspector Momin Hussain Shah was not stayed by High Court of Sindh, a source at Pakistan Custom, Hyderabad Collectorate told Customnews.pk. The said source stated that…
MCC Gwadar collects record Rs34.11 billion in FY21
GWADAR: MCC Gwadar collected a record Rs34.11 billion of duty and taxes during FY21 widely surpassing the assigned revenue collection targets by Federal Board of Revenue (FBR). MCC Gwadar had…
MCC Peshawar posts exemplary performance during FY21
PESHAWAR: MCC Peshawar surpassed the assigned target of customs duty collection by a hefty margin of 02.60% during the FY 2020-21 by putting in all out efforts to achieve the…
Meezan Bank and NCCPL Join Hands for New Shariah-Compliant Products for Capital Markets
Karachi: Meezan Bank, Pakistan’s leading Islamic bank has collaborated with National Clearing Company of Pakistan Limited (NCCPL) for developing new Shariah-compliant products for the country’s capital market. Through this collaboration,…
Financial System exhibited resilience amid COVID-19 says Financial Stability Review CY20 of SBP
The State Bank of Pakistan (SBP) has issued its flagship annual publication, the Financial Stability Review (FSR) for CY20. The Review presents performance and risk assessment of various stakeholders in…
SHC ISSUES CONTEMPT NOTICE TO COLLECTOR CUSTOMS For August 17
Transfer of custom officer despite notice: KARACHI: A division bench of High Court of Sindh (SHC) ordered issuance of notice to Chief Collector, Pakistan Custom and others in a petition…