Opening of concerned branches to facilitate the collection of Government receipts /duties/ taxes

In order to facilitate the collection of the government receipts/duties/taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 9:00 P.M. on December 31, 2020 (Thursday), for which purpose… Continue reading

OPENING OF CONCERNED BRANCHES TO FACILITATE THE COLLECTION OF GOVERNMENT RECEIPTS / DUTIES / TAXES ON NOVEMBER 30, 2020

In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours till 9:00 P.M. on November 30, 2020 (Monday) for… Continue reading

PSX Holds Gong Ceremony to Mark Issuance & Listing of PHL PES II

Karachi: Pakistan Stock Exchange (PSX) held a gong ceremony today to mark the successful book building and listing of Power Holding Limited’s (PHL’s) Rs 200 Bn Pakistan Energy Sukuk II (PES II). The book building process managed by Pakistan Stock Exchange, was a landmark event which concluded on May 19,… Continue reading

FPCCI Standing Committee on Customs expresses serious concerns over National Bank’s new procedure for collection of customs duties

New System of NBP will unnecessarily delay the Trade Mr. Shabbair Mansha, Convener FPCCI Standing Committee on Customs expressed his serious concern on the letter issued by the NBP on July 21 which is being implemented from August 10, 2020. As per the letter, the NBP will issue receipt against… Continue reading

OPENING OF BRANCHES TO FACILITATE THE COLLECTION OF GOVERNMENT RECEIPTS / DUTIES / TAXES ON JUNE 30, 2020

In order to facilitate the collection of Government receipts / duties / taxes, it has been decided that the field offices of SBP Banking Services Corporation (SBP-BSC) and authorized branches of National Bank of Pakistan (NBP) will observe extended banking hours on June 30, 2020 (Tuesday) till 7:00 P.M. for… Continue reading

NBP posts 14pc decline in profits during 2018

KARACHI: National Bank of Pakistan (NBP) unveiled its 2018 consolidated net earnings at Rs 20.04 billion (EPS Rs9.36) versus Rs23.35 billion (EPS Rs10.90) recorded during last year, exhibiting a decline of 14 percent. With respect to developments pertaining to pension case, the NBP has filed a review petition in the apex court. Moreover,… Continue reading

KCAA Election 2017-18: Customs Agents Alliance committed to serve the community

KARACHI: Karachi Customs Agents Association (KCAA) is holding its annual general elections in September 16, 2017. Customs Agents Alliance has nominated its panel to participate in the elections. The customs agents’ fraternity has always been facing various issues and problems and an honest and committed leadership can represent the agents… Continue reading

Fraudulent removal of pay order; two more arrested

KARACHI: MCC Appraisement East has arrested two more persons involved in the illegal removal of pay orders from the securities division of Customs. The arrested include Abrar a clearing agent and another person. Two officers of National Bank of Pakistan (NBP) were earlier arrested. RAfiq a Grade-2 officers nominated in… Continue reading

Al-Baraka to buy Burj Bank soon

KARACHI: AL-Baraka Bank (Pakistan) Limited (ABPL), a Bahrain and Emirates joint entity, has decided to purchase ‘The Burj Bank Pakistan and submitted the same for this possible merger to the State Bank of Pakistan (SBP) for the final approval. The ABPL bank will purchase the bank through swap Ratio of… Continue reading

FBR to observe extended working hours

KARACHI: The Federal Board of Revenue (FBR) has notified that all field offices of Customs and Inland Revenue will remain open and observe extended working hours i.e. 09:00 am to 08:00 pm on Wednesday the March 30, 2016and 09:00 am to 10:00 pm on Thursday the March 31, 2016 for… Continue reading