Urea sales grow 5pc to 2.87 million tons in first half
KARACHI: Urea sales grew five percent year-on-year to 2.87 million tons in the last six months as buyers rushed to pile up stocks ahead of price hike and rainfalls boosted…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Urea sales grew five percent year-on-year to 2.87 million tons in the last six months as buyers rushed to pile up stocks ahead of price hike and rainfalls boosted…
KARACHI: Muhammad Hassan Bakshi, Chairman Association of Builders and Developers of Pakistan (ABAD), has urged the government to take stern action against cartelization of cement and steel manufacturers, who are…
KARACHI: Despite over 30 percent rupee devaluation, country’s overall textile sector exports declined 1.42 percent to $13.329 billion in the fiscal year ended June 30, 2019, as higher cost of…
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI), the apex body representing Pakistan`s Industry and Services will hold its 7th FPCCI Achievement Awards Ceremony to recognize the…
KARACHI: Desperate, M/s Steel Vision has lodged a complaint with Director General Audit Inland Revenue & Customs (South) against Deputy Director Customs Intelligence Sanam Qureshi and Superintendent SIU Dost Muhammad…
KARACHI: While Pakistan’s economy moved along the stabilization phase led by demand management policies, vulnerabilities in the external and fiscal sectors persisted during Jul-Mar FY19, according to the State Bank…
KARACHI: State Bank of Pakistan will announce the Monetary Policy statement for July and August on Tuesday, wherein market is expecting a 100bps increase. Street consensus indicates Policy Rate to…
Karachi: Engro Fertilizers Limited has received two awards for Best Environmental Performance and Tree Plantation. Every year, the National Forum for Environment and Health (NFEH) acknowledges the accomplishments of top…
KARACHI: Aiming to enhance bilateral trade between two countries, a three-day expo “Top Thai Brands 2019” exhibiting top brands of Thailand is being organized on 20-22 July 2019 at Pearl…
KARACHI: Traders in Karachi observed a token shutter-down strike on Saturday against excessive taxation and harsh regulatory conditions, as all the major markets remained closed. This coincides with the strikes…
LAHORE: Honda Atlas Cars Pakistan (HACP) shut down its plant for 10 days on Friday as its inventories piled up to 2,000 units on plummeting car sales amid rising prices…
KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has said Turkey should remove local preventive in PTA/FTA with Pakistan. He said…
ISLAMABAD: The SECP has noticed that M/s. Galaxy Typing Jobs (SMC-Private) Limited is involved in illegal business activities of taking unauthorized deposits from the public by launching different investment programs…
KARACHI: Overseas Pakistani workers remitted US$21.841 billion during FY19 showing a growth of 9.68% compared with US$19.913 billion received in FY18. During June 2019, the inflow of workers’ remittances amounted…
KARACHI: Just after a month PIA adds another aircraft A320 in its fleet which was grounded for more than 13 months, a PIA Spokesperson said. This is the second grounded…
KARACHI: Pakistan Vanaspati Manufacturers Association (PVMA) has demanded to abolish additional 5.0 percent custom duty and 3.0 percent value added tax on imported edible oils. Office bearers of the association…
KARACHI: The National Electric Power Regulatory Authority (NEPRA) has noted with concern that during FY2017-18, distribution companies (DISCOs) contributed the loss of more than Rs45 billion on account of transmission…
KARACHI: Karachi Tajir Action Committee, a union of Karachi’s traders associations, has demanded of the government to rescind certain taxation measures notified in the Finance Act 2019-20, and threatened a…
KARACHI: Despite closing two of the five trading sessions in the red, Pakistan Stock Exchange (PSX) closed the week ended July 5, 2019 with a gain of 0.9% (288 points),…
KARACHI: During June 2019, Polyvinyl Chloride (PVC) margins went up by 28.6% MoM to USD 513/ton. However, Purified Terephthalic Acid (PTA) and Polyester Staple Fiber (PSF) margins registered a decline…