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Customs Court seeks final charge sheet in Rs1.261b tax evasion and money laundering case
KARACHI: The Customs Court extended pre-arrest bail to suspect namely Zor Talab Khan and others, who were booked in a...
Importers start moving consignments to bonded warehouses
LAHORE: Importers said they are moving their consignments to bonded warehouses as private terminals and Port and Shipping companies have...
Consignment of knitted pile, woven furnishing fabrics may release on bank guarantee: SHC
KARACHI: The Sindh High Court (SHC) directed customs officials to release consignment of importer comprising on knitted pile, woven furnishing...
Govt gives amnesty to illicit money in case of investment in construction industry
ISLAMABAD: The government has given an amnesty to illicit money in case of investment made into construction industry as no...
Income tax collection falls short in May, trend to persist in April: FBR
ISLAMABAD: Pakistan's income tax collections fell short in May 2020 and were unlikely to meet the target in April as...
Cabinet decides to make public inquiry report on power sector
ISLAMABAD: The federal cabinet has approved to make public the inquiry report related to the power sector, media reported on...
SBP sets Zakat nisab at Rs46,329 for 2020
KARACHI: State Bank of Pakistan (SBP) issued instructions to banks related to deduction of Zakat on amount above Rs46,329 maintained...
IPPs refuse to reduce tariff formula under govt ToRs
ISLAMABAD: Independent Power Producers (IPPs) have shown no inclination to initiate talks under the terms of reference (ToRs) handed over...
KPT shipping intelligence report April 20
KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...
FIA arrests gang using fake silicone thumbs for cybercrimes
MULTAN: A Multan gang has been arrested by Federal Investigation Agency (FIA) cybercrime wing over the charges of stealing sensitive...
Omar Ayub talks with IPPs to lower power tariff
ISLAMABAD: Federal Minister for Power Division Omar Ayub Khan on Monday held talks with the independent power producers (IPPs) and...
Oil prices likely to drop Rs15 as crude oil dives to 22-year low at $11
ISLAMABAD: As the oil prices dived to 22-year lows at just $11 after crashing almost 40 percent in a market...
Stocks extend gains with 667-point rally
KARACHI: Continuing with the positive momentum from the previous session, the Pakistan Stock Exchange (PSX) managed to accumulate decent gains...
Businessmen fears worse economic conditions in 2020
KARACHI: The Business & Industrial Community of Karachi, which was already largely pessimistic about the business and economic conditions for...
NAB decides to investigate wheat, sugar scandal
ISLAMABAD: National Accountability Bureau (NAB) has decided to launch probe into wheat and sugar crisis. According to sources, NAB cannot...
ECC approves 0.2MMT wheat for Utility Stores
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved 0.2 million metric tons of wheat for Utility...
Governor Punjab lauds RCCI relief activities
RAWALPINDI: Governor Punjab Muhammad Sarwar Chaudhry has said that the business community has always participated in relief work in every...
Govt to empower FBR to enforce laws regarding anti-smuggling
ISLAMABAD: The Govt is trying to empower anti-smuggling and intelligence agencies of the Federal Board of Revenue (FBR) to enforce...
FBR to transfer tax refunds into accounts
The Federal Board of Revenue (FBR) has stopped issuance of income tax refund cheques to the taxpayers and now the...
Covid-19: FBR female employee tested positive
ISLAMABAD: One FBR’s female employee working in Large Taxpayer Unit (LTU) Islamabad has been found Covid-19 positive after her test....
