MTB & PIB (Floater) Auction Result Feb 06 2024
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Driven by historic growth in deposits, MCB posted highest ever Profit Before Tax of Rs. 125.2 Billion (+75%) for the year 2023
Lahore: The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on February 06, 2024, reviewed performance of the Bank and…
Pakistan Customs holds seminar on IPR enforcement
Karachi: The Directorate of Intellectual Property Rights (IPR) Enforcement (South) of Pakistan Customs, in collaboration with Brand Protection (Pvt) Limited, organized an awareness-cum-training seminar on IPR enforcement at the Customs…
Lawyer show caused, Petitioner attendance ordered for explanation in false, misleading GD
KARACHI: The filing of a false Goods Declaration by Petitioner side through a lawyer landed both the counsel/advocate and Petitioner Muhammad Asghar in trouble as Custom Appellate bench took notice…
Unity Foods Collaborates with Vital Green for Agricultural Advancement in Pakistan
Karachi: Unity Foods is transforming Pakistan’s agriculture with strategic collaboration! Unity Plantations, a subsidiary of Sunridge Foods within the Unity Foods Group, has officially signed a crucial agreement with Vital…
Two customs officials killed, one injured in road accident near Qazi Ahmed: Customs Hyderabad clarifies
QAZI AHMED: Two customs officials were killed and one private technician was injured in a road accident near Qazi Ahmed on Monday evening, according to a clarification statement issued by…
Car crash exposes misuse of official vehicle by Deputy Collector
Hyderabad: A fatal car accident near Hyderabad on revealed the misuse of an official vehicle by Deputy Collector Enforcement Hyderabad Amjad Lal. Two persons died and one was critically injured…
The Federal Cabinet has approved the FBR’s plan for restructuring and digitization
KARACHI: The Federal Cabinet on Saturday has approved the FBR’s plan for restructuring and digitization. The Minister for Finance and Revenue has formed the Implementation and Asset Distribution Committee (I&ADC)…
Customs Intelligence blocks all yarn import from UAE
KARACHI: The Customs Intelligence and Investigation (I&I) Karachi has advised all terminal operators to block consignments of yarn coming from UAE. The I&I Karachi received a tip-off that some importers…
Customs Enforcement Karachi seizes smuggled fabric worth Rs. 73.34 million
Karachi: In a major crackdown on smuggling, the Collectorate of Customs Enforcement in Karachi seized a large consignment of foreign-origin fabric and sofa curtain cloth from two godowns in Bhadurabad…
High Court can only address question of law arising out of the Order of Tribunal
KARACHI: A custom appellate bench of High Court of Sindh comprising Justice Muhammd Junaid Ghaffar and Justice Adnan-ul-Karim Memon dismissed eight (8) Special Custom Reference Applications (SCRAs) filed by the…
Quetta Customs Seizes Smuggled Goods Worth Rs 33.93 Million
Quetta: The Customs Intelligence and Investigation (I&I) Quetta has seized various smuggled and non-duty paid items and vehicles worth Rs 33.93 million in a crackdown against smuggling from January 26…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 13,262.5 million as of 26-Jan-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
PCA South arrests Main Suspect in Rs 73 billion Solar Panel Scam After Dramatic Chase at Karachi Customs Court
In a high-stakes chase through the premises of Customs Court Karachi, Customs PCA South team has successfully apprehended Rab Nawaz, the central figure in a colossal money laundering scandal linked…
No interim relief or provisional release could be allowed if assessment made on Valuation Ruling under Section 25-A of the Customs Act holds SHC
KARACHI: Hearing four different petitions involving identical question of law, a custom appellate bench of High Court of Sindh held that no interim relief could be given to the petitioner…
Minister for Commerce and Interior Visits OICCI to Address Investor Concerns
Karachi: Dr. Gohar Ejaz, minister for commerce and interior, along with Board of Investment (BoI) Secretary Sohail Rajput, visited the Overseas Investors Chamber of Commerce and Industry (OICCI) on Wednesday…
KCAA vehemently denies the allegations made by the Chairman All Pakistan Shipping Association in the news article published in Daily Jang on January 31, 2024
Karachi: The Karachi Customs Agents Association (KCAA), representing the Customs Agents Community, vehemently denies the allegations recently made by Mr. Asim Siddiqui, Chairman of the All Pakistan Shipping Association (APSA),…
Ghazanfar Azzam, Mobilink Bank CEO, takes bold action in advancing gender equality with the Champions of Change Coalition
Islamabad: Ghazanfar Azzam, President and CEO Mobilink Bank, has joined the Champions of Change Coalition, a globally recognised, innovative strategy for achieving gender equality, providing more leadership opportunities to women,…
Public Holiday Kashmir Day
The State Bank of Pakistan will remain closed on 5th February, 2024 (Monday) being public holiday on the occasion of ‘Kashmir Day’ as declared by Government of Pakistan.
FBR announces transfers and postings of PCS officers ranging BS-21 to BS-19
KARACHI: The Federal Board of Revenue (FBR) has notified large-scale transfers and postings of Pakistan Customs Service (PCS) officers ranging from BS-21 to BS-19 with immediate effect. Ms. Rabab Sikandar…