Monetary Policy Announcement
The Monetary Policy Committee of SBP will meet on Monday, October 10, 2022 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 13,588.8 million as of 30-Sep-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
SHC orders notice in another petition challenging Regulatory Duty
KARACHI: Notices were issued to Pakistan Customs and othe respondents for Oct 18 in another petition challenging imposition of Regulatory Duty through SRO 157(1)/2022 dated 22-8-2022. Shahab Imam advocate appeared…
FrieslandCampina Pakistan and WWF partner to regenerate the environment
Karachi: FrieslandCampina is partnering with the World Wide Fund for Nature (WWF-Pakistan) on a tree plantation initiative to increase local resilience to the impact of climate change and increase tree…
SHC restrains customs from coercive action against clearing agent
KARACHI: Hearing a pettion challenging three recovery notices issued to Jumbo International Clearing Agency, an appellate bench of High Court of Sindh comprising Justice Aqeel Ahmed Abbasi and Justice Mrs…
PSX Marks World Investor Week 2022 with a Gong Ceremony
Karachi: Pakistan Stock Exchange (PSX) along with 78 other exchanges across the world marked the sixth World Investor Week (WIW) 2022 through a Gong Ceremony held at PSX Trading Hall.…
Woven Fusible Interlining is appropriately classifiable under 5903.9000
KARACHI: The Customs Classification Committee has determined that Woven Fusible Interlining is appropriately classifiable under 5903.9000 in terms of GIR 1 and 6. M/s Tradimpex Marketing imports ‘Woven Fusible Interlining’…
SHC puts Chairman FBR,Collector Customs East, West on notice in RD case
KARACHI: The Chairman FBR and Collectors of Model Custom Collectorate East and West were put on notice by a customs Appellete bench of High Court of Sindh. The petition was…
Appraisement East shuffles Additional Collectors
KARACHI: MCC Appraisement East has notified transfers and postings of Additional Collectors within the collectorate, with immediate effect. Additional Collector-I Syed Imran Sajjad Bokhari is assigned Headquarters, Accounts Section, Group-IV…
FBR promotes BS-15 and BS-14 officials to BS-16
KARACHI: The Federal Board of Revenue (FBR) has notified promotion of Assistants (BS-15) and Supervisory/Head Clerks (BS-16) to the post of Office Superintendent (BS-16) in the Inland Revenue Department with…
Customs Quetta seizes smuggled Yamaha Motorcycle among other goods
QUETTA: Customs Field Enforcement Unit Quetta has recovered large quantity of smuggled goods at Baluchistan-Punjab border. The goods were being transported concealed under rotten apples. The seized goods include cigarettes,…
Customs Enforcement Karachi surpasses revenue target
KARACHI: The Collectorate of Customs Enforcement, Karachi surpassed its revenue target for month of September (Rs. 7.9 billion) by collecting total duty/taxes of Rs. 9.24 billion and also collected Rs.…
SHC directs customs to examine GD in respect of seized goods
KARACHI: The custom collectorate of Port Muhammad Bin Qasim was directed to examine the goods declaration in respect of seized goods. The bench heard Sheikh Jawaid Mir Advocate who said…
SHC orders no coercive action against MM Steel, Sialkot
SHC restrain custom from coercive action against M.M.Steel Sialkot while directing custom authorities to re-examine the request for mutilation of imported goods. The petitioner company moved the court through Rana…
Delays in release of tariff subsidy continue to strain KE cashflows
A continued bottleneck on the release of over PKR 380 billion in Tariff Differential Subsidy (TDS) claims is aggravating KE’s cashflow challenges. As of August 2022, the company’s receivables from…