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ABHI Partners with Mastercard to Enhance Financial Accessibility for Employees in Pakistan
Karachi: In a significant move towards revolutionizing the landscape of financial transactions in Pakistan, Mastercard, a global technology company in the payments industry, has partnered with ABHI, an embedded finance…
Customs Enforcement Karachi conducts successful operation against diesel smuggling
KARACHI: Deputy Collector of Customs Enforcement, Mr. Muhammad Raza Naqvi, spearheaded the efforts of the Anti-Smuggling Organization (ASO) in Karachi. Acting on confidential information provided by Collector Basit Abbasi, the…
SHC suspends order of Customs Appellate Tribunal, issue notices to respondents
KARACHI: The meticulous arguments advanced Sardar Zafar Hussain Advocate representing Collector of Customs (East) in a Special Customs Reference Application filed against Messer’s Dargai Polymer (Pvt) Limited, Malakand, a custom…
CDC announces further Tariff Reductions to facilitate Capital Market Investors
CDC eliminates Annual Maintenance Fee for the Sub-Account Holders & full waiver of the CDS connection fee and minimum fees for Securities Brokers! Karachi: The Central Depository Company of Pakistan…
SHC delay Custom cases being delayed due to transition phase
KARACHI: The hearing of custom matters is being delayed due to transition in High Court of Sindh. The Chief Justice of SHC was elevated to the Supreme Court of Pakistan…
CCP and ICAP join hands to implement compliance framework on Competition Law
ISLAMABAD: The Competition Commission of Pakistan (CCP) and Institute of Chartered Accountants of Pakistan (ICAP) join hands to develop a compliance framework on Competition law to be adopted by CA…
New federal budget 2024-25 will promote smuggling, Mohammad Hanif Gohar This budget is disappointing for construction sector, Secretary General UBG (Sindh) talks to CEEJ members
Karachi: Former Senior Vice President FPCCI and General Secretary UBG (Sindh Zone) Muhammad Hanif Gohar has said that the federal budget is not for exporters, traders, industrialists and those who…
Export Industry in Peril Salt Manufacturers Oppose Proposal to Abolish Fixed Tax Regime for Exporters
KARACHI: The Salt Manufacturers Association of Pakistan (SMAP) has expressed deep concern over the proposed shift from a 1% turnover-based Fixed Tax Regime (FTR) to the standard taxation rate of…
Pakistan Customs to file appeal before apex court against SHC order
KARACHI: Pakistan Custom MODEL CUSTOMS APPRAISMENT AND FACILITATION WEST, is likely to file Civil Petition for Leave to Appeal (CPLA) before Supreme Court of Pakistan challenging an order by passed…
CCP Approves Acquisition of Luxembourg Firm with presence in Pakistan’s solar market
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved the 100% acquisition of M/s. Actis Holdings S.a.r.l (Actis Holdings), a Luxembourg-based company having a presence in Pakistan’s solar power market,…
FPCCI Holds FBR’s Top Anomalies Committee Meeting Atif Ikram Sheikh
Karachi: Mr. Atif Ikram Sheikh, President FPCCI and Dr. Gohar Ejaz, former federal commerce minister – who are jointly chairing FBR’s Anomaly Committee 2024 from the business side – called…
Engro Fertilizers completes largest-ever EnVen Plant turnaround with investment of approx. USD 50 million
Karachi: Engro Fertilizers has completed the largest-ever (55 days) scheduled maintenance activity of the EnVen Plant as planned on June 18, 2024. Established in 2011 with an investment of USD…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,414.6 million as of 14-June-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
SCP admits three CPLAs, orders placing before three member larger bench
KARACHI: A bench of Supreme Court of Pakistan (SCP) comprising Justice Munib Akhtar and Justice Athar Minallah admitted three Civil Petitions for Leave to Appeal (CPLAs) No 1407m 1408 and…
Smugglers on Edge as Customs Khuzdar Tightens Surveillance
The illicit transportation of smuggled goods from Baluchistan to Karachi has hit a major roadblock. Customs officials in Khuzdar have intensified their surveillance efforts along the notorious smuggling route, leading…
Massive Illegal Imports of Iron and Steel Products Detected at Taftan Border
TAFTAN: Customs Appraisement Taftan has uncovered a significant case of illegal imports involving iron and steel products from Iran. The goods were transported via land routes through Taftan, Gwadar, and…
K-Electric’s policy of collective punishment
City if lights is going through peak summers and as usual power outages, low voltages and over-billing, the routine that citizens of the metropolitan city have endured for many years.…
Police Foils Smuggling Attempt: Iranian Diesel and Petrol Seized in Saeedabad
KARACHI: Saeedabad Police Station thwarted an attempt to smuggle Iranian diesel and petrol. The move is part of the police force’s broader efforts to curb smuggling and promote economic revival…
I&I Karachi Seizes Smuggled Auto Parts
Karachi: Customs Intelligence and Investigation Karachi successfully seized a large quantity of smuggled auto parts during a raid conducted at a warehouse in the MauriPur area. The operation was carried…