Author: Correspondent (customnews.pk)

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Brexit: Theresa May’s deal is voted down in historic Commons defeat

  By Correspondent (customnews.pk) 16-Jan-2019 16-Jan-2019 News Clippings

Prime Minister Theresa May’s Brexit deal has been rejected by 230 votes – the largest defeat for a sitting government in history. MPs voted by… Read more

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Minister for automation of data collection to ensure authentic economic statistics

  By Correspondent (customnews.pk) 16-Jan-2019 16-Jan-2019 Top Stories

ISLAMABAD: Federal Minister for Planning, Development & Reform & Statistics Division Makhdum Khusro Bakhtyar has underlined the need for devising a strategy for automation of… Read more

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Government considers special tech zones, abolishing advance tax on internet

  By Correspondent (customnews.pk) 16-Jan-2019 16-Jan-2019 Business and Finance

KARACHI: At a time when most of the economic indicators are going downwards, businesses are shrinking and companies across all sectors are downsizing, the Information… Read more

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PM adviser directs fast tracked measures for appointment of heads of SOEs

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Top Stories

ISLAMABAD: Adviser to PM on Establishment, Mohammad Shehzad Arbab has underscoredthe need for early completion of appointment of CEOs and heads of State-Owned Enterprises (SOEs)…. Read more

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Muhammad Aurangzeb elected PBA Chairman

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Business and Finance, Top Stories

KARACHI: On completion of the term of Aftab Manzoor, as Chairman Pakistan Banks’ Association (PBA), Muhammad Aurangzeb, President & CEO, Habib Bank Limited (HBL), has… Read more

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Customs to contest KDA for demolishing Customs Appraisement Club

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Customs, Top Stories

KARACHI: The Karachi Development Authority (KDA) had demolished larger part of the Customs Appraisement Club, Aziz Bhatti Park, Gulshan-e-Iqbal, Karachi, claiming that the club had… Read more

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ASO Customs Intelligence Karachi seizes smuggled goods worth Rs83.6 million

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Customs

KARACHI: The Anti-Smuggling Organization (ASO) of Directorate of Customs Intelligence & Investigation, Karachi has seized smuggled goods worth Rs83.6 million in two weeks. ASO wing… Read more

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ECC approves withdrawal of duty/taxes on cotton import for 5 months

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Customs, Top Stories

ISLAMABAD: The Economic Coordination Committee (ECC) on Tuesday approved withdrawal of customs duty, additional customs duty and sales tax on import of cotton effective from… Read more

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AUMs under open end mutual fund decline 5.7 percent

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Business and Finance

KARACHI: Assets under Management (AUMs) for the Open End Mutual Fund (OEF) industry declined by 5.7 percent to Rs544 billion as at December 31, 2018… Read more

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TPL Properties, Equitativa sign MoU

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Business and Finance

KARACHI: TPL Properties has signed a memorandum of understanding (MoU) with Equitativa, the largest Real Estate Investment Trust (REIT) manager in the GCC and manager… Read more

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KATI for spreading awareness about e-commerce

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Business and Finance

KARACHI: President Korangi Association of Trade & Industry (KATI) Danish Khan has underlined the need to spread awareness among business community pertaining to e-Commerce. He… Read more

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Qatar to be approached for revision in LNG prices

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 News Clippings

ISLAMABAD: Pakistan will request the Qatari government for revision in Liquefied Natural Gas (LNG) prices and credit facility for this super-cooled gas imports to get… Read more

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Oil rises 1 percent on supply cuts, but economic slowdown weighs on outlook

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 News Clippings

Oil prices rose 1 percent on Tuesday amid supply cuts led by producer club OPEC and Russia, although a darkening economic outlook capped gains. International… Read more

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IPPs increase year-on-year share of electricity generation

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 News Clippings

Total national electricity generation in South Africa fell by 0.2 percent year-on-year (y/y) to 21,197GWh in November 2018, according to preliminary data released by Statistics… Read more

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Financial Monitoring Unit reports former senator for unauthorized flight of capital, corruption

  By Correspondent (customnews.pk) 15-Jan-2019 15-Jan-2019 Top Stories

KARACHI: The Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP) has reported Ahmed Ali s/o Sadiq Ali and Nargis Ali w/o Ahmed… Read more