MyUfone App becomes a rewarding experience for users
Islamabad: Pakistani telecom operator, Ufone 4G has added an exciting new feature to its digital suite, ‘MyUfone app’ to provide a better user experience for its customers. Ufone 4G prepaid…
FIA notifies transfers and postings of BS-18 officers
KARACHI: Federal Investigation Agency (FIA) has recently notified transfers and postings of BS-18 officers. Deputy Director Bilal Aslam Khan is moved from FIA Anti-Human Trafficking Circle (AHTC), Lahore and posted…
Habitual offender M.s Trishmir Imports suspended for mis-declaring imports
KARACHI: The Collectorate of Customs Appraisement West, Karachi, has suspended the license of a customs agent for mis-declaring imports of steel products. The customs agent, M/s. Trishmir Imports, was found…
Balochistan cabinet orders removal of check posts on highways, defying federal authority
QUETTA: The Balochistan cabinet, led by Chief Minister Mir Abdul Quddus Bizenjo, has decided to remove all check posts on highways across the province with immediate effect. The cabinet made…
Karachi Chamber, Greenwich University ink MoU to foster industry-academia linkages
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and Greenwich University signed a Memorandum of Understanding (MoU) to cooperate and actively facilitate each other in recognizing the possibilities and…
SBP decides to raise the policy rate by 100 bps to 22 percent
KARACHI; In the statement after its meeting held on 12th June, the Monetary Policy Committee (MPC) viewed the then monetary policy stance as appropriate to achieve the objective of price…
FBR raises sales tax on unregistered persons to 4 percent
KARACHI: The Federal Board of Revenue (FBR), the revenue division of the government of Pakistan, has announced a one percent increase in the sales tax (further tax) on unregistered persons…
Pakistan approves budget with higher tax on new motor vehicles
The National Assembly of Pakistan has approved the budget for the fiscal year 2023-24, which includes a provision to impose up to 10 percent advance tax on new motor vehicles.…
Pakistan Implements Additional Tax Measures to Secure IMF Loan Program
KARACHI: In an effort to overcome the impasse in securing a loan program from the International Monetary Fund (IMF), Pakistan has imposed an additional tax burden of Rs215 billion on…
New Tax Rates For Salary Income Applicable from July 01, 2023
KARACHI: The National Assembly of Pakistan has passed the budget for the fiscal year 2023-24, introducing new tax rates for salary income. These rates will be applicable for the upcoming…
Sopritti,s One Of Its kind Boutique Exhibition: Summer Edit 2023 Takes Off With A Bang
Dubai: SoPritti once again delivered successfully on bringing a enjoyable shopping and showcasing experience featuring South Asian fashion and lifestyle brands in its one of a kind Boutique Exhibition: Summer…
2nd Mango Festival with Foreign diplomats
Zubair Motiwala urges Mango exporters to adopt value addition skills to enhance export value of Pakistani mangoes. The 2nd Mango Festival and International Mango Conference was held yesterday, 24th June,…
Industry rejects increase taxes on juices
The increase in Federal Excise Duty (FED) on juices from 10% to 20% in the Federal budget amendments is a severe blow to the juices industry. Due to the effects…
Customs Appellate Tribunal orders recover of evaded sum of RS491.29 million from M/s Nestle Pakistan
KARACHI: Customs Appellate Tribunal has ordered recovery of Rs491.29 million from M/s Nestle Pakistan, which the multi-national company had evaded through mis-declaration of PCT heading of the imported goods. Information…
COLLECTION OF DUTIES / TAXES ON 27TH, 28TH & 30TH JUNE 2023
Pursuant to the request of Federal Board of Revenue (FBR), following instructions regarding observance of banking hours and clearing / settlement of tax receipts on 27th, 28th & 30th June…
SBP removes all import restrictions
KARACHI: The State Bank of Pakistan (SBP) on Friday announced withdrawal of all restrictions on imports to facilitate the industrial sector. In December last year, the SBP asked banks to…
GIS (VRR and FRR) Auction Result
GIS FRR Auction Result GIS FRR Result GIS VRR Auction Result GIS VRR Result
Emirates to ramp up flights ahead of Hajj and Eid Al Adha surge
Karachi: With the commencement of the Hajj season and upcoming Eid Al Adha celebrations, Emirates is layering on additional flights to key regional destinations to meet significant travel demand during…
Profit-making PG companies managed to throw dust in Ogra’s eyes, Due to illegal profiteering of companies, LPG has become 220 rupees per kg, Imran Farooqui
KARACHI: The profit-making PG companies managed to throw dust in the eyes of OGRA and on Friday, instead of selling at the rate set by OGRA, the retail price of…
Baluchistan assembly members to lobby PM for smugglers’ interests
QUETTA: A group of Baluchistan assembly members and ministers are planning to meet Prime Minister next week and ask him to provide relaxation to smugglers and to transfer Customs Enforcement…