Pakistan Customs, Tax, Shipping & Business News Resource
The National Electric Power Regulatory Authority (NEPRA) has decided to provisionally allow renewal in the term of Distribution Licence of Karachi Electric Limited (KEL) for a period of six months…
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has welcomed the government’s decision to create a Trading Portal for Spot Transactions of foreign Exchange to facilitate Importers, Exporters and…
KARACHI: The State Bank of Pakistan (SBP) has reportedly issued new guidelines for banks to prevent the misuse of the banking channel for trade based money laundering (TBML) and terrorist…
KARACHI: The Ministry of Health has ordered the Directorate General of Plant Protection (DPP) to stop the clearance of any container carrying betel nut (supari) that has arrived at Karachi…
The total liquid foreign reserves held by the country stood at US$ 14,065.3 million as of 14-Jul-2023. The break-up of the foreign reserves position is as under: Foreign reserves held…
KARACHI: Federal Investigation Agency (FIA) has secured another 3-day remand of Customs officials Tariq Mehmood and Yawar Abbas from Sindh High Court (SHC) till Sunday. FIA is progressing in the…
KARACHI: The Islamabad High Court (IHC) has ruled that the super tax imposed under Section 4C of the Income Tax Ordinance 2001 will not have any retrospective application and will…
Summary Balance of Payments as per BPM6 – June 2023 4. Summary_BOP_BPM6 Exports and Imports of Goods & Services 5. Goods & Services
ISLAMABAD: In accordance with its mandate of developing capital and financial markets, the SECP continuously reviews and reforms its policies, dovetailing its efforts towards promoting ease of doing business through…
QUETTA: Customs Quetta has expedited its drive against organized smuggling and seized Indian Gutka and Betel nut worth Rs130 million. Information was passed through Collector Enforcement Quetta Irfan ur Rehman…
KARACHI: Six Preventive officers of (BS-16) including Hasan Sardar, Zaheer Ahmed, Muhammad Saleem, Zubair Ahmed Bhatti, Muhammad Asim Nawaz and Muhammad Zubair have been transferred back from Customs Intelligence and…
Karachi: The Board of Directors of Dolmen City REIT (DCR) have declared and approved a final cash dividend of PKR 0.50 per unit, in their meeting held on Tuesday July…
Pak Suzuki, the Japanese car maker, has revealed its new car prices for July 2023 in Pakistan, according to its official website. The prices of a Suzuki car in Pakistan…
The State Bank of Pakistan has announced the designation of D-SIBs for the year 2023 under the Framework for ‘Domestic Systemically Important Banks (D-SIBs)’ notified in April 2018. The framework…
IMF has released its Country Report on Pakistan after the Executive Board approved a 9-month Stand-By Arrangement (SBA) of US$3bn for Pakistan. Of this amount, US$1.2bn has already been disbursed,…
KARACHI: The Customs Enforcement Karachi has delivered a remarkable performance in the anti-smuggling drive during the last two months of the fiscal year 2023, seizing goods worth Rs1.524 billion and…
KARACHI: The Federal Investigation Agency (FIA) is progressing in its investigations pertaining to the involvement of Customs officers and officials in facilitating the organized smuggling, and receiving bribes from smugglers.…
Karachi: Sindh Integrated Emergency & Health Services (“SIEHS”) 1122, the leading emergency humanitarian service in Sindh, has started operations in all its districts. It has successfully facilitated the rescue of…
A recent report has revealed that importers are using transshipment (TP) consignments to dry ports as a way of evading duty and taxes on high tariff goods. The report claims…
KARACHI: The Sindh High Court has put Customs officials Tariq Mehmood and Yawar Abbas under Police custody remand till July 27, 2023. The Federal Investigation Agency (FIA) submitted the second…