Uber Lite launched in Pakistan
LAHORE: Uber, the global smartphone app that seamlessly connects riders to partner drivers, has announced the launch of Uber Lite, a redesigned, simple version of the Uber app in Pakistan.…
Attock Petroleum Limited (APL) posts 25pc decline in profits
KARACHI: Attock Petroleum Limited (APL) has announced a net profit of Rs2.1 billion for the six months ended December 31, 2018, which is 25 percent lower than the profit of…
Pakistan Oilfields Limited (POL) posts 65pc surge in profits
KARACHI: Pakistan Oilfields Limited (POL) has announced a net profit of Rs7.9 billion for the six months ended December 31, 2018, which is 65.27 percent higher than the profit of…
Careem Pakistan proposes system for remittances, where expats can optionally invest
KARACHI: Careem Pakistan has proposed a new online payment system for remittances, where the expats can optionally invest their money in products and get a market compatible rate of return.…
FPCCI terms Gas infrastructure development Cess unjustified
KARACHI: Dr. Mirza Ikhtiar Baig Senior Vice President FPCCI said that imposition of Gas infrastructure development Cess (GIDC) unjustified. He clarified that GIDC was imposed to develop gas infrastructure for…
Pakistan’s first AI Analyst/Advisor launched
KARACHI: baseH Technologies – Pakistan’s Premier Artificial Intelligence Company, rolls out country’s first Robo Analyst/Robo Advisor, which is going to shift and transform Pakistan’s financial, investment industry. baseH Tech raised…
PTCL hosts startups from NIC Peshawar
KARACHI: Pakistan Telecommunication Company Limited (PTCL), hosted startups and entrepreneurs from National Incubation Center (NIC), Peshawar, who presented their ideas, business models and prototypes to the senior management at PTCL…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on January 21, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.80 and Selling at Rs138.90.…
KATI proposes special infrastructure package for Karachi
KARACHI: Korangi Association of Trade & Industry (KATI) has proposed that a special infrastructure package be announced for Karachi, as shortages in this regard were the prime reason of higher…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on January 19, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.82 and Selling at Rs138.92.…
Canadian diplomat discusses investment opportunities in Pakistan
KARACHI: High Commissioner of Canada Wendy Gilmour has stressed the need to capitalize on opportunities for Pakistan-Canada trading relationship for direct merchandise trade, for services, and investment in both directions.…
Pakistan equities gain 0.66 percent in the week
KARACHI: Pakistan stock exchange (PSX) benchmark KSE-100 index displayed a positive trend during the week ended January 18, 2019, closing in green on three out of the five trading sessions…
Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on January 18, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs138.82 and Selling at Rs138.92.…
Motor Dealers Association demands to allow commercial import of cars
KARACHI: All Pakistan Motor Dealers Association (APMDA) has demanded of the government to allow commercial import of cars, as it is already allowed for the Japanese automobile assembler. In a…
Federal Tax Ombudsman disposes off over 30,000 tax cases
KARACHI: The Federal Tax Ombudsman (FTO) proves to be a bridge between the tax collectors and aggrieved tax payers by providing online complaint filling system in order to reduce time…
Ministry agrees to abolish WHT on cash withdrawal by filers
KARACHI: The Finance Ministry has agreed to abolish withholding tax on cash withdrawal by tax return filers, this provision would be added in the upcoming supplementary Finance Bill on January…
KCCI, Jeddah Chamber agree to further trade and economic relations
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI) and Jeddah Chamber of Commerce & Industry (JCCI) have signed a Memorandum of Understanding (MoU) to promote closer contacts between the…
‘PSX is a viable platform for meeting the infrastructural financing needs of the government’
KARACHI: Chairman Securities and Exchange Commission of Pakistan (SECP) Farrukh H. Sabzwari, along with his team comprising, Commissioner (Securities Market Division) and Executive Director, Securities Market Division, visited the Pakistan…
Customnews.pk has no other publication or portal
It is clarified that Customnews.pk is an exclusive news portal and it has no other publication whatsoever. Certain elements running Customs related publications claim to be associated with Customnews.pk, they…
Naubahar Bottling Company intends to acquire Baba Farid Sugar Mills
KARACHI: Naubahar Bottling Company Pvt Ltd, largest manufacturer and distributor of Pepsi Cola soft drinks in Pakistan, through AKD Securities Limited has expressed intention to acquire 98.23 percent stake in…