Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) has redefined the jurisdiction of Chief Collector of Customs Enforcement, and split Customs Enforcement Karachi into two separate collectorates including Customs Enforcement Karachi…
KARACHI: The Pakistani rupee (PKR) has depreciated by 3% against the US dollar (USD) in the interbank market and by 4.5% in the open market since the end of June,…
KARACHI: The production of large-scale manufacturing (LSM) industries declined by 10.26 per cent year-on-year in the fiscal year 2023, according to the data released by the Pakistan Bureau of Statistics…
KARACHI: The prices of petrol and diesel reached a record high on Tuesday, as the newly installed caretaker government raised fuel prices by up to Rs20 per litre, the second…
Barrick Gold, the world’s second largest gold producer, is looking to bring Saudi Arabia’s Public Investment Fund (PIF) as one of its partners in the Reko Diq project, a massive…
Global rice prices have soared to their highest level in almost 12 years, according to the United Nations’ food agency. The Food and Agriculture Organization (FAO) said that India’s rice…
KARACHI: Federal Board of Revenue (FBR) has notified promotions of Pakistan Customs Service (PCS) and Inland Revenue Service (IRS) officers into BS-21 and BS-20. The following BS-20 officers of Pakistan…
KARACHI: On the recommendation of Central Selection Board (CSB), several officers have been promoted to BS-21 and BS-20. According to details, the Pakistan Customs Service (PCS) officers promoted to BS-21…
QUETTA: The Balochistan cabinet has advised the police, the chief collector customs enforcement, the coast guards and the Frontier Corps (FC) to remove unnecessary check posts of the law enforcement…
Pakistan’s total liquid foreign reserves, which include the reserves held by the State Bank of Pakistan (SBP) and the commercial banks, stood at US$ 13,463.7 million as of July 27,…
KARACHI: The Federal Board of Revenue (FBR) has transferred PCS officers of BS-18 and BS-18 Syed Babar Ali Shah (PCS/BS-19) is transferred from Additional Director, Customs Academy of Pakistan (CAP),…
According to the provisional fertilizer sales data, the offtake of urea, a key nitrogen fertilizer, increased by 36% year-on-year to 629,000 tons in July 2023, compared to 463,000 tons in…
ISLAMABAD: The National Assembly on Tuesday witnessed a protest by some opposition MNAs, who objected to the government’s move to pass the Official Secrets (Amendment) Bill, 2023, without providing them…
KARACHI: The Cabinet Secretariat, Establishment Division has notified that Malik Amjad Zubair Tiwana, a BS-21 officer of Inland Revenue Service (IRS) is appointed Chairman of Federal Board of Revenue (FBR).…
KARACHI: Pakistan has increased petrol and diesel prices by Rs 19.95 and Rs 19.90 per liter, respectively, effective from today. The government said the decision was inevitable due to the…
KARACHI: The Federal Investigation Agency (FIA) has submitted the interim challan in the court against the customs officials who are accused of taking bribes and facilitating smugglers of betel nuts,…
Saudi Arabia’s economy grew by an annual 1.1% in the second quarter of 2023, down from 3.8% in the previous quarter and 11.2% in the same period of 2022, according…
The euro zone economy grew by 0.3% in the second quarter of 2023, beating expectations and avoiding a technical recession, according to official data released on Monday. However, inflation in…
KARCHI: The Directorate of Internal Audit-Inland Revenue-FBR Karachi has nominated eight directors of various companies on charges of tax fraud with the Government of Pakistan in the Tamna case. The…
KARACHI: Pakistan and Saudi Arabia have signed a memorandum of understanding (MoU) to facilitate a $10 billion Saudi investment in a new oil refinery in Gwadar, Balochistan, which will have…