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KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has reacted to the claims of shipping lines that...

FBR exempts income tax on donations/payments made to PM’s COVID-19 Relief Fund

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted income tax on donations/payments made to the Prime Minister's COVID-19 Pandemic...

Karachi ports getting clogged due to piling up of containers

KARACHI: The coronavirus-led lockdown has led to a piling up of import containers at the ports as importers are facing...

SBP allows loan at 4 percent to active taxpayers for salaries payment

KARACHI: The State Bank of Pakistan (SBP) on Friday introduced a soft loan scheme at four percent for persons appeared...

Collector AIIA Azmat Tahira directs terminal operators to extend free period

byM Hayat

LAHORE: Collector Customs Allama Iqbal International Airport Azmat Tahira Friday directed the Managers Cargo M/s Gerry's/Royal /SAPS / PLA Shed...

Container ships wait to be unloaded at the Port of Oakland on Wednesday, March 7, 2018, in Oakland, Calif. The U.S. trade deficit rose in January to the highest level since October 2008, defying President Donald Trump's efforts to bring more balance to America's trade with the rest of the world, the Commerce Department said Wednesday. (AP Photo/Ben Margot)

KPT shipping intelligence report April 10

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...

Cotton exports increase 9.94pc in eight months

FAISALABAD: Raw cotton exports during first eight months of current financial year increased by 9.94 percent as compared to the...

Weekly SPI inflation down 8.2pc

ISLAMABAD: The Sensitive Price Indicator (SPI)-based inflation ended April 9 for the combined consumption group witnessed a decrease of 8.2...

Govt mulls single date mechanism for issuance, payment of all utility bills

ISLAMABAD: The government is working on a plan under which all utility bills will be issued on a single date...

Pakistani rupee gains 68 paisa against US dollar in interbank

KARACHI: The Pakistani rupee gained 68 paisa against the US dollar in the interbank market to trade at Rs...

Demurages, detention issue: PM, commerce & finance minister asked to intervene to ensure free time amid COVID-19

byM Hayat

LAHORE: Friends of Economic Business Reforms (FEBR) President Kashif Anwar has said that it is very surprising that despite numerous...

Punjab seeks extension in lockdown after Lahore’s Sikandria Colony sealed

LAHORE: The government of Punjab on Friday has sought one-week extension in lockdown after the local authorities sealed Lahore’s Sikandria...

Faisalabad ASO seizes smuggled cloth worth Rs31m from Katchery Bazar

FAISALABAD: Anti-Smuggling Organization (ASO) has seized smuggled foreign origin cloth worth Rs 31 million from Pakistan Plaza Katchery Bazar Faisalabad....

KCCI condole sad demise of Mehdi Shah

KARACHI: Chairman Businessmen Group (BMG) & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli and President...

FBR comes up with idea of ‘electronic fiscal devices’ to integrate enterprises

ISLAMABAD:The Federal Board of Revenue (FBR) has proposed the installation of electronic fiscal devices for integrated enterprises. The tax department...

Rs 21.328b released for textiles, other sectors: Razak Dawood

ISLAMABAD: Prime Minister Adviser on Commerce and Investment, Abdul Razak Dawood on Friday said that that Drawback of Local Taxes...

COVID-19 pandemic: Pakistan estimates GDP growth to slow by up to 1.3 points

ISLAMABAD: The Planning Commission estimates that the current coronavirus pandemic could force GDP growth to slow down by 0.8 to...

Pakistan spends over $901m on import of travel services