Pakistan Customs, Tax, Shipping & Business News Resource
ISLAMABAD: In November 2018, the Securities and Exchange Commission of Pakistan (SECP) registered 1,060 new companies. Ascompared to the corresponding month of last financial year, it represents a growth of…
KARACHI: Pakistan’s desire to get an IMF bailout package approved by January 15 may not be fulfilled as the global monetary body wants Islamabad to adopt steeper measures to address…
KARACHI: Pakistan’s foreign exchange reserves fell nearly four percent to $13.996 billion during the week ended November 30, the central bank said on Thursday. Total liquid foreign exchange reserves held…
ISLAMABAD: Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar has underlined that the PTI-led Government is undertaking various measures to provide conducive and friendly environment to local industries…
ISLAMABAD: Public Expenditure and Financial Accountability (PEFA) launched here on Thursday as a tool for assessing the status of public financial management, Press Information Department said. Kamran Ali Afzal, Additional…
KARACHI: Pakistan’s leading oil refining company, Byco Petroleum Pakistan Ltd. (BPPL) is supporting the second Safety Professional Development Conference (PDC 2018) to be held on 7-8 December at the Karachi…
ISLAMABAD: It is vital to connect the microfinance sector with capital the markets to enable the sector to meet it growth trajectory and to support government’s vision of creating jobs…
OPINION: There is no smoke without fire. Market is ripe with rumors that Finance Minister Asad Umar is being replaced. The government even the minister himself contradicted the reports. “The…
ISLAMABAD: Pakistan government has allowed export of furnace oil and decided to stop the fuel import in a bid to help oil refineries ease their surplus that threatened to break…
KARACHI: Pakistan urea sales during November 2018 were down 21% YoY taking 11M2018 sales to 5.1mn tons, down 1% YoY. “Lower sales during outgoing month were due to early procurement…
KARACHI: Engro Polymerhas signed an agreement with The Water Foundation with an aim to provide safe drinking water to the community residents of Gaghar Phattak, Bin Qasim Town, Karachi. Under…
KARACHI: The World Bank’s Doing Business Reform Advisory Mission visits K-Electric to discuss the customer-friendly initiatives introduced by the power utility for industries.
ISLAMABAD: The SECP has launched an awareness campaign about the business model of modaraba and modaraba management companies, regulated by it, its salient features, recent initiatives and the performance of…
ISLAMABAD: Regional trade can create many more jobs and make the country prosperous if trade barriers with South Asia are removed, says a new World Bank report. Pakistan’s trade with…
ISLAMABAD: In continuation of its efforts to foster growth of real estate investment trusts (REITs), the SECP has revamped regulatory framework by introducing significant amendments to the Real Estate Investment…
ISLAMABAD: The Competition Commission of Pakistan, as a part of its statutory mandate, has recently approved 13 notified acquisitions in various sectors of Pakistan’s economy. All these acquisitions have the…
KARACHI: CPI inflation for the month of November 2018 eased to 6.5% as compared to 6.8% registered in September 2017. “The inflation reading arrived lower than expectation primarily due to…
KARACHI: The State Bank of Pakistan (SBP) has issued the auction target calendar for sale of Government of Pakistan Market Treasury Bills 3-months, 6-months and 12-months from December 2018 to…
KARACHI: Pakistan State Oil Company (PSO) has acquired 84 million Class-B shares of Shell Petroleum Company Limited, United Kingdom in Pakistan Refinery Limited (PRL), a bourse filing said. The aforesaid…
KARACHI: The National Clearing Company of Pakistan Limited (NCCPL) has conducted interim review of securities eligibility for NCC Systems and decided to exclude certain securities from the list of eligible…