Responsible Employers Are Imperative: Majyd Aziz
KARACHI: Majyd Aziz, Former President of Employers Federation of Pakistan, stated that the concept of Responsible Business Practices (RBP) that used to be more or less unstructured, has now gained…
FTO assures industrialists of speedy justice in tax matters
KARACHI: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah (HI, SI) has announced quick action on the complaints of taxpayers of the country and has assured to provide justice in…
Karachi Industrialists Celebrate Arshad Nadeem’s Gold Victory
KARACHI: Industrialists in Karachi have expressed immense joy over Pakistani athlete Arshad Nadeem’s historic achievement at the Paris Olympics, where he won a gold medal for Pakistan. They have hailed…
SECP Issues Concept Papers for Development of Short Term Listed Sukuk Market
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued two concept papers to further the development of Pakistan’s short-term listed sukuk market. These papers aim to initiate public…
SHC dismiss suit filed by 12 IRS officers
KARACHI: Justice Agha Fasisal of High Court of Sindh dismissed a suit filed by 12 officers of IRS against their transfer on ground that their transfer was akin to make…
OICCI and UNDP Forge Alliance for Sustainable and Inclusive Pakistan
Karachi: In a groundbreaking move, the Overseas Investors Chamber of Commerce & Industry (OICCI) has partnered with the United Nations Development Programme (UNDP) Pakistan to advance the vision of a…
PCA South Uncovers EFS Scam, Fiscal Fraud, and Smuggled Goods Sales by M/s Gulf Enterprises
KARACHI: Post Clearance Audit (PCA) South has unearthed a massive fiscal fraud and EFS scam perpetrated by M/s Gulf Enterprises. Initiated in July 2024, the audit was part of a…
SHC directs Pakistan Customs to decide issue of frustrated cargo as per law
KARACHI: A custom appellate bench of High Court of Sindh adjourned hearing of a constitutional petition filed by Messer’s RTW Shipping & Logistics Private Limited seeking permission to re-export 5…
Rashid Mahmood appointed Chairman FBR
KARACHI: The federal government has appointed Secretary Power Rashid Mahmood Langrial as the new Chairman Federal Board of Revenue (FBR). Chairman FBR Amjad Zubair Tiwana had sought early retirement. Severe…
Driven by solid growth in current deposits, MCB Bank posts highest ever 1st half Profit Before Tax of Rs. 62.7 Billion (+16%)
The Board of Directors of MCB Bank Limited (MCB) in its meeting under the Chairmanship of Mian Mohammad Mansha, on August 07, 2024, reviewed performance of the Bank and approved…
SECP alerts public to fraudulent trading platform “Aviva Investment Group”
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has identified an illegal trading platform operating under the name “Aviva Investment Group/ H1-Aviva Securities Exchange Academy/ Aviva Investment Limited “.…
Saudia Ranks First Worldwide in On-Time Departure and Arrival Performance, Ensuring Swift Journeys for Pakistani Travelers
In a remarkable achievement during the peak travel season of June: Saudia, the national flag carrier of the Kingdom of Saudi Arabia, has topped the list of global airlines for…
Pakistan-Morocco Bilateral Trade Needs Boost, Ambassador Mohamed Karmoune
KARACHI: The bilateral trade volume between Pakistan and Morocco is less than expected and has significant potential for growth, according to Ambassador Mohamed Karmoune of Morocco. He stated that the…
Customs take notice of shipping agents manipulating exchange rates
KARACHI: Customs Enforcement – Ports has advised shipping agents to adhere strictly to the official interbank exchange rate and to refrain overcharging as these actions are in direct violation of…
SHC new Bar Room rattled by gas blast
KARACHI: The pantry area of the new bar room of High Court of Sindh was rattled by a blast in early morning hours of Tuesday. Initial reports points to a…
PCA unearths Massive Tax Evasion and Money Laundering Scam Unearthed in Iron & Steel Sector
KARACHI In a groundbreaking investigation, the Post Clearance Audit (PCA) South has uncovered a monumental scam involving Rs 9.7 billion in tax evasion and money laundering within the iron and…
Governor SBP Encourages Strategic Approach to Transform Banking and Financial Training Landscape at the Launch of NIBAF Pakistan
Governor of the State Bank of Pakistan (SBP), Mr. Jameel Ahmad, emphasized the importance of developing skills and setting high standards for the financial sector in the country. He addressed…
OICCI Members inject $22b in Pakistan in the past 10 years
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI), the representative body for the top 210 foreign investors in Pakistan, revealed substantial contributions by its members to Pakistan’s economy…
SECP registers 2,864 new companies in July
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,864 new companies in July 2024. This signalled an increase of 25% from the corresponding month last year and marked…
Customs Enforcement recovers confectionary and foodstuff smuggled under the garb of diplomatic cargo
Karachi, Pakistan: Customs Enforcement Karachi intercepted a smuggling attempt involving high-end food items and confectionery. Acting on a tip-off received from Collector Basit Abbasi to Additional Collector, the authorities swung…