Build Asia to be held on Dec 24-26
KARACHI: Pakistan’s flagship event for real estate, construction, and allied sectors will be held on December 24-26 at the Karachi Expo Center. The three-day event will showcase the latest trends,…
More Appraising officers posted at Faceless Customs Assessment
Karachi: Recent changes in the Faceless Customs Assessment (FCA) have significantly impacted the processing of Goods Declarations (GDs). Following a backlog of 3500 pending GDs, the number of appraisers has…
Post Clearance Audit unearthed EFS fraud perpetrated by M/s Deenar Industries Pvt Ltd
KARACHI: Post Clearance Audit (PCA) South has unearthed another EFS fraud perpetrated by M/s Deenar Industries Pvt Ltd. Initiated in mid-December 2024, the audit was part of a concerted effort…
Rashid A. Khanzada nominated as focal person for coordination and liaison
KARACHI: Director Law & Prosecution Zeba Azhar has nominated Deputy Director Rashid A. Khanzada as focal person for coordination and liaison regarding Supreme Court cases. The focal person will be…
Chinese Company to Invest $350 Million in Electric Vehicles in Pakistan, Mallik Khuda Bakhsh Interest in EV Sector Grows with SIFC’s Collaboration
Karachi (Report): A Chinese company has announced an investment of $350 million in electric vehicles (EVs) in Pakistan. With the support of the Special Investment Facilitation Council (SIFC), interest in…
Shah Rukh Jamal Nominated as Chairman of CPBDC’s Executive Committee on Trade Development
Karachi: Shah Rukh Jamal, esteemed businessman and a leading figure in the global trade sector, particularly in fostering economic ties between China and Pakistan, has been nominated as Chairman of…
PTCL partners with IBM & GBM Pakistan to modernize its IT infrastructure using IBM technology
Islamabad: Pakistan Telecommunication Company Limited (PTCL), the country’s leading ICT services provider, has partnered with GBM Pakistan and IBM to modernize IT infrastructure. This strategic partnership strives to boost PTCL’s…
SHC allows 18 SCRAs filed by Customs department
KARACHI: Eighteen Special Custom Reference Applications (SCRAs) filed by Pakistan Customs through Deputy Collector, Customs were allowed by a custom appellate bench of High Court of Sindh (SHC) comprising Justice…
PCA South books M/s Fazal e Rabbi Enterprises Lasbella for EFS Scam
KARACHI: The Post Clearance Audit (PCA) South has detected a significant case of fiscal fraud involving the fraudulent enterprise, M/s Fazal e Rabbi Enterprises Lasbella, Hub. The fraudulent enterprise, which…
KCAA Collaborates with APCAA and FPCCI to Resolve Customs Agents’ Concerns
Karachi: The Karachi Customs Agents Association (KCAA), under the leadership of President Mr. Muhammad Aamir and General Secretary Mr. Mansoor Ali, is addressing the matter with the utmost seriousness, in…
FPCCI Criticizes Chairman FBR and Defense Minister for Tarnishing National Reputation
KARACHI: The FPCCI has expressed serious concerns over the statements made by the Chairman of the FBR and the Federal Minister of Defense. FPCCI Vice President Asif Sakhi stated that…
Meezan Bank and Arif Habib Limited Launch Instant Top-up Service for Investors
Karachi: Meezan Bank, Pakistan’s leading Islamic bank, and Arif Habib Limited, a leader in investment banking, have recently partnered to enhance the investor experience in Pakistan. The collaboration is marked…
Faceless Customs Clearance Assessment system Commercial Importers Urge FBR to Resolve Port Backlog Crisis
KARACHI: Salim Valimohammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has expressed deep concern over the significant backlog of consignments at the ports, caused by the lack…
Customs Officers and Agents React to Statements by Federal Minister and FBR Chairman
KARACHI: Customs officers’ association and Customs agents across Pakistan have expressed sadness and anger over recent statements made by Federal Minister Khawaja Asif and Chairman FBR Rashid Langrial. An official…
Immediate Steps Needed to Run Faceless Customs Assessment: Arshad Khurshid, Former President of KCAA
KARACHI: Arshad Khurshid, the former president of the Karachi Customs Agents Association (KCAA), who was honored with an appreciation award on Customs Day, has called for urgent and organized action…
SHC dismisses petition seeking change in consignee name on account of laches
KARACHI: A constitutional bench of High Court of Sindh comprising Justice Agha Faisal and Justice Abdul Mobeen Lakho dismissed a constitutional petition filed by importer Majid Hussain against custom officers.…
Faceless Customs Assessment Faces Criticism and Delays in Karachi
KARACHI: The newly implemented Faceless Customs Assessment (FCA) system has come under fire from industry leaders and customs agents due to significant delays and inefficiencies. Sharjeel Jamal, Convenor of the…
SBP Releases its First Quarterly Review of Payment Systems for FY 25
The State Bank of Pakistan (SBP) has released its Quarterly Payment Systems Review for Q1 FY25, highlighting significant strides in Pakistan’s journey toward a cashless and digitally inclusive economy. Covering…
CCP imposes penalty of Rs. 170M for deceptive marketing
ISLAMABAD: The Competition Commission of Pakistan (CCP) has imposed penalties of Rs 75 million each on two manufacturers of frozen desserts for misleading consumers by falsely advertising their products as…
Around 3,500 consignments are lying unassigned since two days after launch of faceless customs assessment
KARACHI: Approximately 3,500 Goods Declarations (GDs) are currently pending clearance in Karachi, resulting in significant losses to the national exchequer. For the first time, GDs are in the system but…