Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Justice Muhammad Saleem Jessar of High Court of Sindh dismissed two Criminal Revision Applications 25 of 2024 and 229 of 2024 filed by accused Asad Naeem, an Officer of…
Karachi: Meezan Bank, Pakistan’s leading Islamic bank and The Institute of Chartered Accountants of Pakistan (ICAP) have recently signed a Letter of Intent (LOI) to collaborate on the establishment of…
Karachi: BYD released its 2024 financial report, with key indicators reaching record highs! The company achieved a revenue of RMB 777.1 billion, representing a 29% year-on-year increase, and a net…
The total liquid foreign reserves held by the country stood at US$ 15,551.0 million as of 21-Mar-2025. The break-up of the foreign reserves position is as under: i) Foreign reserves…
KARACHI: Customs Directorate of Post Clearance Audit have filed a criminal case against a Karachi-based business, M/s Suleman Industries, for allegedly evading Rs. 218.4 million ($790,000) in taxes by falsely…
Colombo, Sri Lanka: In a landmark move to strengthen regional capital market cooperation, the Pakistan Stock Exchange (PSX) has entered into a tripartite Memorandum of Understanding (MoU) with the Colombo…
Karachi: Sharjeel Jamal, Convenor of the FPCCI Committee, has raised serious concerns over the faceless customs system, which he claims is causing significant challenges for traders and importers during the…
KARACHI: A constitutional bench of High Court of Sindh (SHC) comprising Justice Agha Faisal and Justice Abdul Mobeen Lakho disposed of a petition filed by English Biscuit Manufacturing Company Pvt…
Karachi, Pakistan: New data from inDrive. City to City reveals a significant shift in travel priorities across Pakistan during the holy month of Ramadan, with a clear trend emerging: more…
KARACHI: Federal Board of Revenue has reassigned 32 officers of BS-17 and BS-16 to SAPT Karachi. Following officers have been reassigned: 1. Syed Muhammad Jaffar (Principal Appraiser, BS-17) – From:…
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced significant amendments to the methodology for resolving customs classification disputes, aiming to enhance efficiency and transparency in trade-related decisions. The changes,…
KARACHI: The Directorate General of Transit Trade (DGTT) has penalized M/s Vehicle Tracking (Pvt.) Ltd. with a PKR 300,000 fine following a serious lapse in monitoring a cargo vehicle that…
KARACHI: The dismissal of a petition by High Court of Sindh, filed in 2020 by Gas & Oil Pakistan Limited, a Karachi based company paved the way for adding US…
Karachi: Muttahida Qaumi Movement – Pakistan (MQM-P)’s Deputy Parliamentary Leader in the Sindh Assembly, Taha Ahmed Khan, has formally written to Chief Justice of Pakistan, Hon’ble Justice Yahya Afridi, urging…
Lahore: Ecostar, part of DWP Group being Pakistan’s leading business conglomerate serving since 1999 with an international footprint, and a leading name in consumer electronics, has officially collaborated with the…
Islamabad: Muhammad Zohaib Khan, Former Chairman of P@SHA (Pakistan IT Industry Association), has called upon Prime Minister Mian Muhammad Shehbaz Sharif to announce a special package for the IT industry…
KARACHI: Dr Sulaiman Shahabuddin, President of Aga Khan University (AKU) was awarded the Sitara-i-Imtiaz, by the President of Pakistan, Asif Ali Zardari. This prestigious recognition celebrates Dr. Shahabuddin’s significant contributions…
KARACHI: A constitution petition filed by Blue Sky Traders against Collector of Customs, Appraisement (West) Chief Collector Customs Appraisement and others was disposed of after DC Custom, Appraisement, West Ms…
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) has advised all its members to renew their membership by March 29, 2025, to avoid any inconvenience. As March 30 falls…
Lahore: MCB Bank Limited has announced a strategic partnership with Fauree Tech Pvt. Ltd., a fintech company specializing in digital supply chain finance solutions. This collaboration will expand MCB Bank’s…