SHC terms performance of Customs Legal Wings as “worse”
KARACHI: A customs appellate bench of High Court of Sindh on Tuesday termed the performance of Legal wings of customs and counsels appearing for the department as worse. The bench…
Karachi Customs Directorate lodges FIR against 12 importers for money laundering
KARACHI: The Directorate of Intelligence & Investigation-Customs, Karachi has lodged a First Information Report (FIR) against 12 importers, including M/s Bahawalpur Steel Mills, for allegedly laundering money through illegal channels…
Customs Quetta seizes smuggled goods worth Rs 33.7 million
Quetta: The Customs Intelligence & Investigation (I&I) Quetta, under the supervision of Director Nadeem Memon, carried out a successful operation against smuggling on 20.02.2024. Acting on a tip-off from Mr…
CCP APPROVES ACQUISITION OF FAUJI CEREALS BUSINESS BY FAUJI FOODS LIMITED
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the acquisition of M/s Fauji Foundation’s Fauji Cereals Business by M/s Fauji Foods Limited. The Fauji Foundation, established as a charitable…
Caretaker Government defends FBR restructuring plan against IRS petition
ISLAMABAD: The Cabinet Division of the Government of Pakistan has filed a reply in the Islamabad High Court (IHC) against a petition filed by the Inland Revenue Service (IRS) challenging…
Massive Rs 1.4 Billion EFS Scam Unraveled by PCA North Islamabad
ISLAMABAD: In a stunning development, the Directorate of Post Clearance Audit (North), Islamabad, has blown the lid off a colossal fraud involving the gross misuse of the Export Facilitation Scheme…
35th ‘Vision Eye Camp’ held to Bring Sight and Hope to almost 600 patients in Lahore and Karachi
Karachi: Vision Eye Care, an international relief organization dedicated to the prevention of blindness with a footprint in 39 countries around the world, launched its 35th cataract surgery project, the…
Engro Fertilizers welcomes gas tariff revision as a step in the right direction
Karachi: Engro Fertilizers welcomes the fact that the government has taken a bold first step by removing the subsidy for fertilizer manufacturers that get their gas from the SNGPL network,…
Afghan Transit goods are protected under Import Policy Order, holds SHC
KARACHI: Afghan Transit goods are protected under para 4 of the Import Policy Order. This was held by a SHC appellate bench comprising Justice Muhammad Junaid Ghaffar and Justice Zulfiqar…
Fly Jinnah inaugurates first international flight connecting Islamabad and Sharjah
Karachi: Fly Jinnah, Pakistan’s low-cost carrier, celebrated the inaugural flight of its first international route from Islamabad, Pakistan, to Sharjah, UAE with a dual ceremony at Islamabad International Airport before…
SHC Petition by Al Ghazi Tractors Limited dismissed as no maintainable
KARACHI: A Tax Appellate bench of High Court of Sindh dismissed a petition filed by Al-Ghazi Tractors Limited as being not maintainable. The petitioner company sought declaration regarding legality of…
Quetta Customs Seizes Smuggled Goods Worth Rs 58.5 Million
Quetta: The Regional Directorate of Customs Intelligence & Investigation (I&I) Quetta has seized various smuggled and non-duty paid items and vehicles worth Rs 58.5 million in a series of operations…
Quetta Customs seized smuggled goods worth Rs. 3bn in two months
Quetta Customs seized foreign goods worth more than 3 billion rupees during the first two months of January and February. The seized goods include sugar, cigarettes, cloth, petrol diesel, betel…
Two Start-Ups of SSKIC-IoBM win at National Idea Bank 2024
Karachi: Digibook and Creative 3D, two start-ups at the Institute of Business Management’s Shahjehan S. Karim Incubation Centre (SSKIC) emerged as the top ideas at the third edition of the…
Engro Fertilizers achieves record urea production in 2023 to ensure food security for Pakistan
Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, achieved record urea production of 2.3 million tons in 2023 to support the Government’s efforts of ensuring affordable and abundant supplies for the…
Industrialists reject gas tariff hike, warn closure of industries SITE President demands to withdraw Gas tariff hike
KARACHI: The President, SITE Association of Industry Muhammad Kamran Arbi, has condemned the recent increase in gas tariff as approved by the Economic Coordination Committee and the caretaker govt. He…
Result of SBP OMO Injection February 16, 2024
Result of SBP Open Market Operations (OMO)-Injection Result of SBP Open Market Operations (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection Result of SBP Shariah Compliant (OMO)-Injection
PCA South Uncovers Mega Scam involving Rs 27.5 billion on misuse of SRO 492
KARACHI: The Post-Clearance Audit (PCA) South Directorate has conducted a comprehensive sectoral audit targeting the implementation of Statutory Regulatory Order (SRO) 492, which allows importers to claim exemptions on duties…
SHC allows interim relief in a case Valuation Ruling set side by Custom Appellate Tribunal
KARACHI: The release of goods against securing of disputed amount of taxes and duties, before Nazir of High Court of Sindh was ordered by a custom appellate bench of High…
PTCL Group’s strong operational performance during 2023 Posts highest ever revenue
Islamabad: PTCL Group, Pakistan’s leading telecom and ICT services provider has achieved a double-digit revenue growth of 25.8% during the financial year 2023. PTCL Group has maintained its strong performance,…