Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Federal Minister for Finance & Revenue Muhammad Aurangzeb has said that efforts were being made to attain macroeconomic stability for sustainable growth because if the government, without attaining macroeconomic…
FAISALABAD: Customs Enforcement Sargodha has seized large quantity of smuggled goods worth Rs49.4 million from a warehouse in Toba Tek Singh. Seized smuggled goods include cigarettes, betel nut, skimmed milk,…
KARACHI: There have been significant developments at Federal Board of Revenue (FBR), wherein certain officers were moved from Admin Pool, SHC has summoned Customs I&I Karachi Officers in contempt proceedings,…
ISLAMABAD: The Competition Appellate Tribunal (CAT) has dismissed Zafar Cables’ appeal against the Competition Commission of Pakistan’s (CCP) order for concealing cash coupons inside electric wire cable bundles without informing…
ALULA, SAUDI ARABIA: TIME, the global media organisation based in the USA, officially announced today the winners of its 2024 ‘World’s Greatest Places’ awards, highlighting two of AlUla’s destination offerings…
KARACHI: Syed Shujaat Hussain, Director General of the Karachi Development Authority (KDA), has announced the establishment of a new industrial zone in Surjani. The North Karachi Association of Trade &…
KARACHI: The United Business Group (UBG) leadership, comprising S.M. Tanveer, Zubair Tufail, Khalid Tawab, Hanif Gohar, and Syed Mazher Ali Nasir, expressed disappointment over the State Bank of Pakistan’s (SBP)…
KARACHI: The Judge, Special Customs, Taxation & Anti-Smuggling Court allowed provisional attachment of 24 expensive properties owned by one Usman Shahid. Special Public Prosecutor Rana Sakhawat Ali argued the case…
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger involving a significant reshuffling of power generation assets. This transaction entails a consortium, mainly comprising textile companies, acquiring a…
KARACHI: Mr. Mehmood ul Hasan Awan, General Secretary of the Karachi Customs Agents Association (KCAA), announced through a press release that for the first time in the history of KCAA,…
KARACHI: Directorate General of Transit Trade will now proceed with the process of granting fresh licenses for tracking and monitoring of transit trade, which were held due to stay granted…
QUETTA: The smuggling of goods to and from neighbouring countries such as Afghanistan and Iran have not only adversely affected the economy of Pakistan but have also created a vicious…
1. At its meeting today, the Monetary Policy Committee (MPC) decided to cut the policy rate by 100 basis points to 19.5 percent, effective from July 30, 2024. The Committee…
KARACHI: Mohammad Kamran Arbi, President of the Site Association of Industry Karachi, has described the recent reduction in interest rates as insufficient. He has urged the State Bank of Pakistan…
KARACHI: A bench of High Court of Sindh on Monday suspended the operation of a notification dated 03.07.2024 transferring twelves officers to the Admin Pool of FBR at Islamabad. Khalid…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has published a consultation paper, suggesting various alterations to the total expense regime (TER) and distribution paradigm for mutual funds and…
LAHORE: Justice Tariq Saleem Sheikh of Lahore High Court hearing a writ petition filed by Federal Board of Revenue against FIA, restrained the investigating agency from taking any coercive action…
QUETTA: Sensitive agencies have initiated investigations into the involvement of officers and officials in fuel smuggling. Iranian POL products, including diesel and petrol (commonly referred to as Iranian oil), are…
ISLAMABAD: The Competition Commission of Pakistan (CCP) has approved a merger application within the thermal energy assets portfolio. This transaction involves a consortium acquiring approximately 50.10% of M/s Engro Powergen…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 27,542 new companies during FY 2023-24, raising the total number of registered companies to 222,697. 58% were registered as private…