I&I Sukkur seizes 15,000 liters of Irani diesel
HYDERABAD: Keeping in line with the directions of Chairman, Federal Board of Revenue and the Director General I&I (Customs), Islamabad to curb the menace of smuggling, the I&I Hyderabad, under…
Supernet Unlocks Global Service Offering Through SatADSL’s neXat Platform
Karachi: Supernet Limited (“Supernet”), Pakistan’s largest satellite communications systems integrator and service provider, and Belgium based SatADSL S.A. (“SatADSL”) jointly announced the signing of an agreement empowering Supernet to benefit…
Pakistan Stock Exchange (PSX) Ltd. & Deutsche Börse AG (DBAG) Sign Exclusive Data Licensing Agreement
PSX has signed an exclusive data licensing agreement with the leading exchange operator Deutsche Börse for enhancing the depth and coverage of its market data product offerings globally DBAG would…
FIR lodged against M/s Saif & Sons, M/s Al-Fareed Foods Stuff, M/s Raja & Sons
KARACHI: An FIR is lodged against M/s Saif & Sons, M/s Al-Fareed Foods Stuff and M/s Raja & Sons (Custom Agent) for mis-declaring weight and origin of imported cashew nut…
Chamber of Commerce Quetta declare strike against high-handedness of I&I Quetta
QUETTA: Chamber of Commerce Quetta, Baluchistan has announced a strike at Quetta NLC Dry port, Chaman and Taftan borders stations in protest against the alleged high-handedness of Customs Intelligence and…
Chery to Launch Latest Generation Tiggo SUVs in Pakistan
KARACHI: Chery Automobile Co., Ltd., the number one automobile export company of China has partnered with Ghandhara, a leading name in manufacturing and distribution of vehicles for local production of…
PTCL Group onboards top 150 graduates under its Summit Programme 2021
Islamabad: Pakistan Telecommunication Company Limited (PTCL) and Ufone have welcomed 150 top young talent from across Pakistan as Management Trainees (MTs) in its 5th Batch of Summit Programme 2021. The…
Monetary Policy Statement December 14, 2021
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 100 basis points to 9.75 percent. The goal of this decision is to counter inflationary…
Fatima Fertilizer earns global recognition through Guinness World Record
Lahore: Fatima Fertilizer became the first company within the global fertilizer industry to have clocked 60,220,000 safe man-hours, which the highest accomplishment within the Global fertilizer industry. This landmark achievement…
Press Release of Workers’ Remittances in November 2021
With $2.4 billion of inflows during November 2021, workers’ remittances continued their strong streak of remaining above $2 billion since June 2020. In terms of growth, on y/y basis, remittances…
Non-compliance of direction do not vitiate proceedings of order by Appellate Tribunal re-affirms SHC
KARACHI: An Appellate bench of High Court of Sindh on Tax side dismissed a Special Customs Reference Application (SCRA) filed by one Parkash Lal against Deputy Collector of Customs, Appellate…
Terminals, freight stations advised to prepare for Uzbekistan-Pakistan Transit Trade
KARACHI: A detailed procedure of cross-stuffing of forward cargo under Uzbekistan-Pakistan Transit Trade Agreement has been prescribed. Federal Board of Revenue (FBR) has advised all terminals and freight stations that…
FBR (Customs Wing) notifies SOPs for sample testing of lubricating oil
KARACHI: The Federal Board of Revenue (Customs Wing) has notified Standing Operating Procedures (SOPs) for sample testing of lubricating oil for strict compliance. Accordingly, on filling of Goods Declaration (GD)…
Delay in final determination of liability: Benefit goes to importer
KARACHI: Deciding a petition filed by Messers Spectrum Enterprises, a customs appellate bench of High Court of Sindh held that after provisional determination/assessment, Customs department is bound to make a…
LUMS Commemorates its 35-Year Association with Industry Partners
Lahore: On the occasion of LUMS celebrating its 35th anniversary, the University acknowledged the leadership of its founding members as well as its visionary partnership with the industry through a…
ASO of I&I Karachi seizes smuggled goods worth Rs195 million, narcotics worth Rs1.6bn
KARACHI: The staff of Anti-Smuggling (SO) of Customs Intelligence & Investigation- Karachi made 10 cases including two successful major raids at warehouses in Korangi and New Karachi seizing huge quantities…
Appraising Officer Zikrur Rehman Khan retires
KARACHI: On attaining age of the superannuation, Appraising Officer Zikrur Rehman Khan is retiring on December 13, 2021. Zikrur Rehman was posted at MCC Appraisement East. He was a competent…
MCC Appraisement East books several for fraudulent import of used cars
KARACHI: MCC Appraisement East has lodged an FIR against several persons for fradulent import of used cars through submitting fake and forged Payment Realization Certificate (PR) and Encashment Certificate. In…
Speedy approval of new SME Policy imperative to sustain economic growth, Anjum Nisar calls for removing its flaws so that all sectors be addressed
Irfan Iqbal hails SBP for widening SME Sector definition to include emerging corporate sector: The Federation of Pakistan Chambers of Commerce & Industry’s Businessmen Panel (BMP), raising serious concern over…
ABSENCE OF DATE OF CLEARANCE, VALUATION RULING DOES NOT APPLY HOLDS SINDH HIGH COURT
KARACHI: In the absence of a clear date of clearance of goods, the applicability of a Valuation Ruling would be far-fetched. This was held by a Customs Appellate bench of…