Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,632.7 million as of 13-Dec-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Türkiye’s Envoy Lauds EFP’s Innovative Strategy to Boost Turk-Pakistani Trade
KARACHI: H.E Cemal Sangu, Consul General of Türkiye, stated that “formidable efforts must be made by private sectors of Türkiye and Pakistan to boost up bilateral trade as well as…
Tetra Pak launches its first-ever Sustainability Report for Pakistan
Company Targets 35,000 Tons of Carton Recycling by 2025: Islamabad: Tetra Pak, a global leader in food processing and packaging solutions, has launched its inaugural Sustainability Report for Pakistan, serving…
Emirates introduces experiential Travel Store in Karachi, as first expansion into West Asia
Karachi: Emirates, the world’s largest international airline, has officially launched its new Travel Store in Karachi, making it the airline’s first experiential retail concept to be rolled out in West…
Customs Enforcement Karachi Successfully Seizes Smuggled Diesel Oil and Wooden Launches Worth Rs. 39.11 Million
KARACHI: Collector of Customs Enforcement Karachi, Mr. Moin-Ud-din Ahmad Wani, has spearheaded another significant operation in the fight against smuggling. Under his leadership, a dedicated team was constituted, led by…
SHC disposes of two identical petitions pertaining to MCC Exports
KARACHI: Two identical constitution petitions filed by Volka Food International Ltd and Silver Lake Food Products Limited were disposed of here on Wednesday by a custom appellate bench of High…
Custom Tribunal judgment in smuggled goods case suspended, notices issued
KARACHI: A custom appellate bench of High Court of Sindh (SHC) ordered issuance of notices to the respondents for an unspecified date while suspending order passed by Judicial Member of…
Launch of New eCIB System (V2)
State Bank of Pakistan has launched the new eCIB System (V2), an advanced version of its Electronic Credit Information Bureau (eCIB). The new system will become operational w.e.f. January 1,…
Thar Foundation Launches Skill Development Program for Export-Quality Garments
Thar Foundation, the CSR wing of Thar Block II entities, has joined hands with the Sindh Technical Education and Vocational Training Authority (STEVTA) and Shahid Afridi Foundation (SAF) to sign…
SHC suspends release of vehicle ordered by Custom Appellate Tribunal
KARACHI: An order passed by Custom Appellate Tribunal, Karachi directing Pakistan Customs to release a Toyota Cygnus Land Cruiser Jeep Model 2005 was suspended by a Custom Appellate bench of…
SAI Chief Criticizes 2% Interest Rate Cut, Urges 5% Reduction
Raising Interest Rate to only 13% Will Not Benefit Pakistan’s Economy: Ahmed Azeem Alvi: KARACHI: Ahmed Azeem Alvi, President of the SITE Association of Industry Karachi, has called the State…
Pakistan’s IT Exports Surge in November 2024: A Record-Breaking Month
Pakistan’s IT sector has achieved a remarkable milestone, recording monthly IT exports of US$324 million in November 2024. This marks a 25% year-on-year (YoY) increase and a slight 2% decline…
SHC suspends operation of judgment by custom appellate tribunal
KARACHI: The judgment passed by Custom Appellate Tribunal in favor of a claimant of smuggled goods dated 08.05.2024 in custom appeal no K-314 of 2024 was suspended by a custom…
SHC dismisses second contempt of court application against Custom Officers
KARACHI: A second contempt of court application filed by China Textile & Blanket Industry, Peshawar was dismissed by a Constitutional bench of High Court of Sindh comprising Justice Agha Faisal…
Sharjeel Jamal Applauds FBR’s Revival of Faceless Customs Assessment, Calls for Expert Involvement
The Federal Board of Revenue (FBR) has announced the implementation of a Faceless Customs Assessment system through a Centralized Assessment Unit. Sharjeel Jamal, Convenor of the FPCCI Trade and Facilitation…
Government of Pakistan Implements New Litigation Management System for Superior Courts
KARACHI: The Directorate of Law & Prosecution (Customs) under the Government of Pakistan has rolled out a new Litigation Management System (LMS) for cases fixed for hearing before superior courts.…
Pakistan’s Largest Interest Rate Cut of the Year
The State Bank of Pakistan (SBP) is gearing up to make a significant announcement on Monday, with analysts predicting a 200 basis point cut in interest rates. This expected reduction…
Muhammad Abubakar Durrani of Pakistan Customs triumphs in Governor Balochistan Canoeing National Championship 2024
QUETTA: Muhammad Abubakar Durrani of Pakistan Customs Quetta 13-time National Champion demonstrated exceptional prowess by winning the Governor Balochistan Trophy National Sprint Canoeing Championship 2024 held in Quetta last day.…
KTPL to go global next year: Kamran Tessori
Karachi: Governor Sindh Kamran Khan Tessori has said that they will introduce a global tape ball event next year. He was speaking at the press conference regarding season 4 of…
IRS Officers Suspended by FBR in Immediate Disciplinary Action
KARACHI: In a decisive move, the Inland Revenue Service (IRS) of the Federal Board of Revenue (FBR) has taken disciplinary action against multiple officers and officials. According to a notification…