Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,017.1 million as of 18-Oct-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Lucky Cement Wins Excellency Award at the 39th MAP Awards
Karachi: Lucky Cement Limited, one of Pakistan’s leading cement manufacturers, has been honored with the Excellency Award in the Cement Category at the 39th Management Association of Pakistan (MAP) Awards.…
Pakistan & China Trade Relations FPCCI and CCPIT Form Alliance for Land – Sea Corridor Atif Ikram Sheikh, President FPCCI
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that, in a landmark development, FPCCI and China Council for the Promotion of International Trade (CCPIT), have formed an alliance for…
IMC Exhibits their Toyota Corolla Cross at Pakistan Auto Show (PAPS) 2024
Lahore: Indus Motor Company (IMC) proudly participates as the Diamond Sponsor of the 2024 Pakistan Auto Show (PAPS), being held from 25th to 27th October in Lahore. A key highlight…
BankIslami Reports Strong Financial Performance during Nine Months of 2024 with 33.6% Surge in Profit Before Tax
Karachi: BankIslami continues its growth trajectory, delivering substantial returns to its shareholders with a remarkable 33.6% increase in profit before tax for the nine-month ended September 2024. The Bank’s profit…
SHC seeks response from Collector Adjudication by Oct 31
KARACHI: The Collector of Adjudication, SAPT was asked by a custom appellate bench of High Court of Sindh to file a response that how and in what manner and authority…
PTCL forges a strategic alliance with Systems Limited to enhance its BSS & OSS Stack at GITEX 2024
Islamabad: Pakistan Telecommunication Company Limited (PTCL) has forged a strategic partnership with Systems Limited, a leading global SI company, at GITEX 2024 Dubai to achieve technological enhancements through Systems Limited’s…
OICCI Hosts “Dining in the Dark” to Unite Foreign Investors for Disability Inclusion
Karachi: The Overseas Investors Chamber of Commerce and Industry (OICCI) organized a unique event, the “Dining in the Dark Experience,” in collaboration with Khaas Foodz Kitchen (KFK) on Thursday. This…
FPCCI & FBR Exclusive Meeting Genuine Taxpayers Should Be Protected at All Costs Atif Ikram Sheikh, President FPCCI
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has apprised that Mr. Rashid Mahmood Langrial, Chairman of the Federal Board of Revenue (FBR), has agreed, in an exclusive, candid and detailed…
SHC suspends judgments by Custom Appellate Tribunal Karachi, issue notices
KARACHI: Notices were ordered to be issued in two different Special Customs Reference Applications (SCRA) filed by Collectorate of Customs, West. The bench heard arguments of counsel Sardar Zafar Hussain…
Pakistan Implements Customs Intelligence Reorganization to Enhance Efficiency and Security
In a bid to enhance operational efficiencies, eliminate duplication of efforts, and safeguard national trade security and economic interests, a Committee of PCS officers was established on August 23, 2024.…
FBR to publish active taxpayers list in November instead of March
Pakistan’s tax return filers can soon enjoy government incentives for active taxpayers, as the Federal Board of Revenue (FBR) will publish the new Active Taxpayer List (ATL) on November 1,…
FBR announces additional assignments for IRS officers
KARACHI: The Federal Board of Revenue (FBR) has announced new assignments for several Inland Revenue Service (IRS) officers, effective from various dates in October 2024. These changes are part of…
PCA South unearths Rs23 million tax fraud at Karachi Airport’s Royal Service Terminal
KARACHI: The Post Clearance Audit (PCA) South has unearthed another illegal pilferage of confiscated goods from Karachi Airport’s Royal Service Terminal. Led by DG PCA Chaudhary Zulfiqar Ali and Director…
FrieslandCampina Engro Pakistan Ltd announces Q3 2024 Financial Results
FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results for Quarter 3, 2024. Effective July 1, 2024, an 18% sales tax was imposed on the sale of UHT milk, which…
Meezan Bank announces Financial Results for the Nine Months ended September 30, 2024
The Board of Directors of Meezan Bank approved the financial statements of the Bank for the nine months period ended September 30, 2024. The meeting was chaired by Mr. Riyadh…
MCB Bank crosses PKR 2 Trillion Deposits milestone, reports record Profit Before Tax (PBT) of PKR 95.1 Billion for 9M 2024
MCB Bank Limited (MCB) has announced its financial results for the nine-month period ended September 30, 2024, reflecting a strong performance across all key areas. The Board of Directors of…
PVMA Urges Government to Abolish Edible Oils Import Duty Amid Price Surge
KARACHI: Sheikh Umer Rehan, Chairman of the Pakistan Vanaspati Manufacturers Association (PVMA), has called on the government to temporarily abolish the import duty on edible oil to provide relief to…
Court Remands Suspected Smuggler to Judicial Custody Amid Intensified Customs Crackdown
KARACHI: The Court of Customs, Taxation, and Anti-Smuggling has remanded Dad Muhammad, son of Muhammad, to judicial custody. The court has directed the Superintendent of Central Prison, Karachi, to produce…
Mobilink Bank tops the SBP’s Banking on Equality scorecard for the second year in a row
Islamabad: Mobilink Bank has once again demonstrated its unwavering commitment to gender equality and financial inclusion, securing a remarkable score of 82.7 on the State Bank of Pakistan’s (SBP) Women…