Pakistan Customs, Tax, Shipping & Business News Resource
Pakistan’s government announced Wednesday the creation of a new regulatory body to oversee digital assets, aiming to modernize its financial sector and attract global investment in blockchain technology. The Pakistan…
Karachi: In a significant move to tighten regulations in the real estate sector and curb illicit financial activities, a sub-committee constituted by the Government of Sindh has proposed sweeping reforms…
In Pakistan, trade-based money laundering falls under the jurisdiction of Customs Intelligence and Investigation (I&I), while hawala-hundi activities are overseen by the Federal Investigation Agency (FIA), according to Gazette Notification…
Karachi: The 4th Financial Crime Summit will be held this week on January 14, 2023 in Karachi, with the theme ‘Post-FATF Financial Crime Action Plan – Continuing the National Anti-Financial…
KARACHI: With reference to government of Pakistan instructions conveyed by HOCAA regarding submission of Custom Declaration (includes currency declaration) by all inbound/outbound International Passengers, a meeting has been chaired by…
KARACHI: The no confidence movement against PM Imran Khan will be decided on Sunday. However, Imran Khan will remain an important political figure in the country regardless of the outcome…
QUETTA: Customs Quetta has seized smuggled goods including narcotics worth Rs152 million as Chief Collector Gul Rehman and Collector Irfan Javed are pursuing a rigorous anti-smuggling drive in line with…
ISLAMABAD: The Federal Board of Revenue (FBR) has developed Sectoral Study on Cash Smuggling to identify and to understand risk associated with Terrorist Financing (TF) involvement in cash couriers, 25th…
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP)’s risk based approach for effective implementation of AML/CFT regulatory framework ensued significant improvement in filing of Suspicious Transactions Reports (STR) with…
ISLAMABAD: Pakistan made progress on countering money laundering and terror financing as the Asia Pacific Group on Money Laundering (APG) has highlighted Pakistan’s progress positively with compliance on 36 of…
ISLAMABAD: FBR Chairman Shabbar Zaidi has written letters to all banks seeking details of trust funds along with identification of persons involved in such activities. The Financial Action Task Force…
KARACHI: Pakistan has not been able to get out of the Financial Action Task Force (FATF) grey list; it is hardly avoiding the blacklisting, while on the internal front, Chairman…
WASHINGTON: The Financial Action Task Force (FATF) has strongly urged Pakistan to swiftly compete its promised action plan by October this year to avoid serious repercussions, The News reported. At…
Imran Khan may not have ever imagined that ruling Pakistan is so difficult as from the first day in Prime Minister’s office, the cricketer turned politician, having no experience of…
KARACHI: Pakistan’s economic woes are increasing as war still looms despite significant de-escalation. Foreign Minister Shah Mehmood Qureshi on Sunday said that country has to pass through more tests and…
ISLAMABAD: Finance Minister Asad Umar chaired a meeting of the National Executive Committee (NEC) on Tuesday to review the progress on FATF Action Plan. National Counter Terrorism Authority (NACTA) made…
ISLAMABAD: In the light of recommendations made by Financial Action Task Force (FATF), an intergovernmental body formed to coordinate efforts on anti-money laundering and countering financing of terrorism (AML/CFT), the…
KARACHI: Pakistan Stock Exchange (PSX) has advised all Trading Rights Entitlement Certificate (TREC) holders (brokers) update details including valid computerized national identity card (CNIC) of their clients, as Pakistan now…
ISLAMABAD: In an effort to further streamline the procedure for obtaining and maintaining ultimate beneficial ownership information by the companies, the SECP has specified a threshold of 10% for the…
KARACHI: The Ministry of Finance has imposed a foreign travel embargo on Director General Customs Intelligence & Investigation, Shaukat Ali as the officer is facing multiple inquiries and investigations, sources…
