Petroleum levy increased to Rs80/liter
KARACHI: Federal budget for the fiscal year 2024-25 has increased the maximum rate of petroleum to Rs 80 per liter on various petroleum products. Government has raised the petroleum levy…
Government employees’ salaries increased by 25%
KARACHI: Government of Pakistan announced a significant increase in salaries as part of the fiscal year 2024-25 budget presented on Wednesday. Minister for Finance and Revenue, Senator Mohammad Aurangzeb, unveiled…
Tech-Enabled Customs: How Cybersecurity is Changing the Game for Importers
In the intricate ballet of international commerce, the passage of goods across frontiers is a sophisticated interplay of logistics and statutory mandates. The bygone era of customs clearance, characterized by…
Port53 Unveils Innovative Partner Program at RSA 2024
New York-based cybersecurity leader Port53 has launched a groundbreaking partner program at the RSA Conference 2024, marking a significant stride in the fight against cyber threats. The program is set…
Vibrant Wellness Expands to the UK, Elevating Precision Lab Testing
Santa Clara-based biotech leader, Vibrant Wellness, has announced its expansion into the UK market. The company, renowned for its specialty precision lab testing, is set to enhance patient care through…
Zendure Energizes BOÉ Motorsports at FrenchGP
Zendure, a fast-growing energy technology startup known for its innovative SolarFlow and AIO 2400 products, will be on-site at the French Grand Prix with its solutions and will support the…
AI Transforming Global Trade: The Future of Customs Clearance
Customs clearance has long been a cornerstone of international trade, involving the preparation and submission of documentation required to facilitate exports and imports into a country. Traditionally, this process has…
Pakistan Customs News and Information: A Valuable Resource for Importers and Exporters
Customnews.pk is a source of news and information on Pakistan customs, tax, shipping and business. It is not a product or service that I can evaluate or recommend. If you…
The Federal Cabinet has approved the FBR’s plan for restructuring and digitization
KARACHI: The Federal Cabinet on Saturday has approved the FBR’s plan for restructuring and digitization. The Minister for Finance and Revenue has formed the Implementation and Asset Distribution Committee (I&ADC)…
Customs Intelligence blocks all yarn import from UAE
KARACHI: The Customs Intelligence and Investigation (I&I) Karachi has advised all terminal operators to block consignments of yarn coming from UAE. The I&I Karachi received a tip-off that some importers…
BRICS+ welcomes five new members in 2023
The BRICS, a group of emerging economies comprising Brazil, Russia, India, China and South Africa, has expanded to include five more countries: Iran, United Arab Emirates, Saudi Arabia, Ethiopia, and…
UK supermarkets see record sales and leases in 2023
The UK supermarket sector witnessed a surge in sales and leases in 2023, reaching £2.49 billion, three times more than the previous year. The data, released by Knight Frank, showed…
Squeaky Bean launches frozen vegan meat alternatives
Squeaky Bean, a brand owned by Compleat Food Group, has introduced its first frozen ingredients range, featuring Seasoned Chicken Style Pieces and Steak Style Strips. The products are made with…
Munro raises £1M and secures deals for its all-electric 4×4 vehicles
Munro, a Scottish company that makes all-electric 4×4 vehicles, secured £1M in additional funding from Elbow Beach Capital. The company plans to use the money to grow its operations and…
Customs seize contraband worth over 8 million rupees at Torkham border
Peshawar: In a major crackdown on smuggling, the Customs Appraisement staff at Import Terminal, Torkham seized a large quantity of contraband items, including narcotics, ammunition, and instant yeast, from a…
The Importance of Accurate Income Reporting in Tax Calculations
To get a precise picture of a business’s financial situation, accurate income reporting is essential. It means telling the truth about how much money you or your business made to…
Energy price cap to drop by £268 in April amid market recovery
Consumers will see a significant cut in their energy bills next April as the market recovers from the war in Ukraine, analysts say. Cornwall Analysts forecast that Ofgem’s energy price…
EU agrees on new migration pact to balance burden and reduce influx
A new deal on how to manage migration in the European Union was agreed on Wednesday morning by EU lawmakers and governments. The New Pact on Migration and Asylum, which…
Storm Pia could cause travel chaos in the north of UK before Christmas
As Storm Pia approaches the UK with winds up to 80mph, the Met Office warns of high winds for the north of the country on Thursday, which could disrupt travel…
NordVPN launches its app for Apple TV with tvOS 17 support
NordVPN, a popular VPN service, has introduced its app for Apple TV users who want to stream content from different regions and protect their online privacy. The app is compatible…