Pakistan’s trade deficit shrinks by 2.0 percent
KARACHI: Pakistan’s trade deficit narrowed down by 2.0 percent to $11.786 billion in the first four months of the current fiscal year – July-October of 2018-19. Pakistan Bureau of Statistics…
State Bank of Pakistan has kept key policy rate unchanged at 5.75 percent.
KARACHI: The average inflation clocked in at 3.9 percent during the first half of the year, lower than the earlier projections due to smooth supply of perishable items, stable exchange…
Additional tax burdens in budget to increase cost of doing business: OICCI
KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) have complimented the Finance Minister Ishaq Dar for announcing bold measures to boost agriculture growth, and exports and in extending…
SHC seeks comments in bank account freezing case
KARACHI: Hearing a constitution petition filed by a driver whose Computerized National Identity Card (CNIC) was used for exports worth six hundred thousand US Dollars following which his bank account…
Turtle skull export case: Tribunal allows appeal, remits penalty, orders release of confiscated consignment on technical ground
KARACHI: Pakistan Customs lost another case on technical ground as the Special Custom Appellate Tribunal allowed an appeal by a Japanese national, co-owner of Hongda Trading Company, Pakistan. The appeal…
Customs appellate tribunal allows appeal against demand of suspended duty against burnt imported goods
KARACHI:- The Customs appellate tribunal, bench I, Karachi allowed an appeal filed by Island Textile Mills challenging an order of Collector of Customs (Appeals) which rejected plea of the importer…
Budget Proposals 2015-2016: MCC Exports suggests measures to eliminate fake Form-E
KARACHI: The Model Customs Collectorate of Exports has proposed certain amendments in Customs Rules, Customs Act to facilitate exporters in general and to discourage submission of fake and fictitious Form-E…
Government announces special incentives for agriculture and export sectors
KARACHI: In order to give impetus to development in sectors, which are central to economic development and there recent dormant performance has been a cause of concern, the government has…
WeBOC export from dry ports module rolled out all over country
KARACHI: The WeBOC’s export from dry port module has been deployed in the live environment and fully rolled out all over the country on Monday, May 13, 2013. The Office…
Exporters unable to file e-returns due to lacuna in WeBOC
KARACHI: The hasty launch of WeBOC system for customs clearance is causing severe hardships for the exporters in filing the monthly e-returns as entries of Export General Manifest (M.R) by…
Exporter charged for fraudulently getting duty drawback claims
KARACHI: The Customs Appellate Tribunal has upheld the Customs Adjudication order against Mohammad Younus for Grace Exports for receiving fraudulent refund and rebate through forged value of form-E on the…
FTO recommends large-scale reforms in FBR
KARACHI: Federal Tax Ombudsman (FTO) has said that corruption had peaked in the country and recommended large scale reforms in the Federal Board of Revenue (FBR). Talking to business community…