Seniority and Scandal Ahead of upcoming HPB Meeting for promotion to BS 22
KARACHI: The High Powered Board (HPB) is set to convene on May 17, 2024, to deliberate on the promotions of BS-21 officers to the respected and highest BS-22 grade of…
Tech-Enabled Customs: How Cybersecurity is Changing the Game for Importers
In the intricate ballet of international commerce, the passage of goods across frontiers is a sophisticated interplay of logistics and statutory mandates. The bygone era of customs clearance, characterized by…
PIA has started preparations to operate flights to Paris and UK, Spokesman Abdullah Hafeez
KARACHI: Good news for Pakistanis living in Britain and Europe came from PIA. Pakistan International Airlines has started preparations to operate flights to Paris from next June and to Britain…
Saudi Arabia is ready to invest in Pakistan’s refinery sector, Musadiq Malik
Karachi: Saudi Arabia is ready to invest in the refinery sector of Pakistan. Federal Minister for Petroleum Mr. Musadiq Malik while giving a briefing to the delegation of Council of…
CCP Issues Notices to 12 Beauty Product Firms for Deceptive Marketing Practices
ISLAMABAD: The Competition Commission of Pakistan (CCP) has taken cognizance of deceptive marketing by the beauty products’ manufacturers and issued notices to 12 companies regarding their false and misleading claims.…
FBR’s Legal Limbo: The Dire State of Pakistan’s Tax Litigation
KARACHI: The Federal Board of Revenue’s (FBR) Directorate of Law and Prosecution (L&P), established in 2019 to combat tax evasion and streamline litigation processes, remains in a state of paralysis.…
Port53 Unveils Innovative Partner Program at RSA 2024
New York-based cybersecurity leader Port53 has launched a groundbreaking partner program at the RSA Conference 2024, marking a significant stride in the fight against cyber threats. The program is set…
Vibrant Wellness Expands to the UK, Elevating Precision Lab Testing
Santa Clara-based biotech leader, Vibrant Wellness, has announced its expansion into the UK market. The company, renowned for its specialty precision lab testing, is set to enhance patient care through…
Zendure Energizes BOÉ Motorsports at FrenchGP
Zendure, a fast-growing energy technology startup known for its innovative SolarFlow and AIO 2400 products, will be on-site at the French Grand Prix with its solutions and will support the…
SHC allows provisional release of goods against securing of 100 per cent penalty
KARACHI: The provisional release of goods imported by Anwar Trading Co was allowed by a custom appellate bench of High Court of Sindh against securing of 100 per cent penalty…
Karachi Customs Intelligence Cracks Down on Massive Smuggling Operation
KARACHI: Directorate of Customs Intelligence in Karachi, under the supervision of DG Customs Intelligence Mr. Ali Raza Hanjra, has successfully conducted a mega anti-smuggling operation. The raid, which was supported…
CCP Approves Acquisition in Thermal Power Sector
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger in the thermal power sector. The approved transaction entails the acquisition of 20.97% shareholding of M/s. Orient Power Company…
Karachi Customs Seize Ammunition at Jinnah International Airport
In a late-night operation on May 9, 2024, customs officials at Jinnah International Airport Karachi (JIAP) made a significant seizure of ammunition. At approximately 11:55 pm, a passenger identified as…
Owner of M/s Shippo Pakistan arrested, FIR lodged
PESHAWAR: Customs Appraisement Peshawar has lodged an FIR against two individuals, including a person named Pervez Ijaz, for their involvement in a smuggling attempt under the guise of importing artificial…
Meezan Bank and Roche Pakistan Join Forces to Combat Breast Cancer
Karachi: Meezan Bank, Pakistan’s first and largest Islamic Bank, has joined hands with Roche Pakistan, one of the world’s leading biotech companies, in an initiative aimed at alleviating the financial…
SHC issues notice to Al-Karam Traders, Lahore in 2017 SCRA, 2018 CP
KARACHI: The in-ordinate delays in judicial system came to the fore when a Custom Appellate bench on High Court of Sindh issued notice of proposed questions of law in a…
AI Transforming Global Trade: The Future of Customs Clearance
Customs clearance has long been a cornerstone of international trade, involving the preparation and submission of documentation required to facilitate exports and imports into a country. Traditionally, this process has…
CEO Indus Motor Awarded the Business Leader Award 2024 by the Institute of Chartered Accountants of Pakistan
Karachi: Chief Executive, Indus Motor Company, Mr. Ali Asghar Jamali has been honored with the Business Leaders Award 2024 by the Institute of Chartered Accountants of Pakistan (ICAP) at a…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,458.9 million as of 03-May-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
IMF Resident Representative meets CCP Chairman
ISLAMABAD: Ms. Esther Pérez Ruiz, the IMF Resident Representative in Pakistan, visited the Competition Commission of Pakistan (CCP) and met with Dr. Kabir Ahmed Sidhu, Chairman CCP, to discuss matters…