Workers’ Remittances in July 2023
Workers’ remittances recorded an inflow of US$2 billion during July 23. • During July 23, remittances decreased by 7.3 percent on m/m basis and by 19.3 percent on y/y basis.…
Lucky Cement Awarded 20th Annual Environment Excellence Award 2023
Karachi: Lucky Cement Limited (psx: LUCK) won the Environment Excellence Award at the 20th Annual Environment Excellence Awards 2023, organized by The National Forum of Environment and Health (NFEH). Lucky…
ANNUAL GENERAL ELECTIONS OF KARACHI CUSTOMS AGENTS ASSOCIATION FORTHE TERM 2023-2024 WILL BE HELD ON 23rd SEPTEMBER 2023 AT KCAA AUDITORIUM
The Managing Committee of Karachi Customs Agents Association has announced KCAA’s Annual General Election (2023-2024) to be held on Saturday the 23rd September 2023 at KCAA’s Auditorium (Head Office), Karachi.…
India’s rice export ban and El Nino drive global prices to 12-year high
Global rice prices have soared to their highest level in almost 12 years, according to the United Nations’ food agency. The Food and Agriculture Organization (FAO) said that India’s rice…
CCP FULLY FUNCTIONAL AFTER ASSUMPTION OF CHARGE BY CHAIRMAN, TWO MEMBERS
ISLAMABAD: The Government of Pakistan appointed four Members of the Competition Commission of Pakistan, namely Dr. Kabir Ahmed Sidhu, Salman Amin, Abdul Rashid Sheikh, and Captain (retired) Saeed Ahmad Nawaz…
SECP standardizes the structure for the issuance of Sukuk
ISLAMABAD: The Shariah Advisory Committee (SAC) of the SECP has approved standardization of the Shariah Structure based on Musharakah (Shirkat ul Aqd) for the issuance of sukuk, along with draft…
Pakistan’s auto sales hit record low in July 2023
Pakistan’s auto sales of local assemblers dropped to a record low of 4,250 units in July 2023, according to provisional data from the Pakistan Automotive Manufacturers Association (PAMA). This represents…
FBR notifies promotions of PCS and IRS officers into BS-21 and BS-20
KARACHI: Federal Board of Revenue (FBR) has notified promotions of Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) officers into BS-21 and BS-20. The following BS-20 officers of Pakistan…
Agriculture financing hits record Rs1.78 trillion in FY23 amid SBP efforts and PM’s Kissan Package
The financial institutions disbursed Rs. 1,776 billion under agriculture financing during FY23 and achieved 97.6% of the agriculture credit target of Rs. 1,819 billion set by State Bank of Pakistan…
Pakistan Customs Service officers promoted to BS-21 and BS-20
KARACHI: On the recommendation of Central Selection Board (CSB), several officers have been promoted to BS-21 and BS-20. According to details, the Pakistan Customs Service (PCS) officers promoted to BS-21…
FBR BS-21 and BS-20 officers of Pakistan Customs Service
KARACHI: FBR has notified transfer and postings of senior Pakistan Customs Service officers. Mr. Wajid Ali (Pakistan Customs Service/BS-21) Director General, Directorate General of Transit Trade, Karachi to is assigned…
SBP Public Holiday
The State Bank of Pakistan will remain closed on Monday, August 14, 2023 on the occasion of ‘Independence Day’ as declared by the Government of Pakistan.
Lucky Cement achieves all-time high consolidated profit after tax of PKR 59.5 billion for the year ended June 30, 2023
Karachi: Continuing its streak of surpassing milestones, Lucky Cement Limited achieved an all-time high consolidated profit after tax of PKR 59.5 billion for the year ended June 30, 2023, with…
Private sector should be included in the caretaker government for economic strengthening, Malik Khuda Bakhsh
Karachi: Malik Khuda Bakhsh, an expert of petroleum and gas industry and United Business Group (UBG) has said that in the current economic conditions of the country, after the resignation…
SECP strengthens measures to prevent predatory lending in Digital Nano Lending
ISLAMABAD: In order to curb predatory practices and ensure financial sustainability of the borrowers in the digital nano-lending sector, the SECP has imposed exposure limits on digital lenders and borrowers…
Non-bailable warrants Saquif Saeed, Usman Bajwa and Muhammad Tayyab Khan issued
KARACHI: The Court of Special Judge Karachi Central has issued non-bailable arrest warrants of Saquif Saeed, Usman Bajwa and Muhammad Tayyab Khan. Judge Dr. Shabana Waheed has ordered FIA to…
FIA tightens noose around Customs officers/officials involved in facilitating smuggling
KARACHI: The Federal Investigation Agency (FIA) is rapidly advancing its investigations in the case pertaining to the involvement of Customs officers/officials in facilitating smuggling and receiving bribe from the smugglers.…
GIS (VRR and FRR) Auction Result
GIS FRR Result GIS FRR Result GIS VRR Result GIS VRR Result
FBR Chief announces perpetual committee for expediting deferred ST refunds, policy changes
KARACHI: Chairman Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana announced to form a perpetual committee comprising three representatives of Karachi Chamber of Commerce & Industry (KCCI) and three…
Balochistan cabinet advises removal of anti-smuggling check posts
QUETTA: The Balochistan cabinet has advised the police, the chief collector customs enforcement, the coast guards and the Frontier Corps (FC) to remove unnecessary check posts of the law enforcement…