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KARACHI: President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said...

HBL represents Pakistan at SCO Interbank Association meeting

KARACHI: HBL represents Pakistan at the Shanghai Cooperation Organization Interbank Association (SCO-IBA). It is a great honour and achievement for...

China manufacturing growth eases in October but remains strong

BEIJING: Factory activity in China dipped slightly in October, according to official data published Saturday, but remained in growth territory...

FBR decides to authorize commissioners IR to select taxpayers for audit

ISLAMABAD: Federal Board of Revenue (FBR) has decided to authorize Commissioner Inland Revenue to select cases for audit under relevant...

Fake & flying invoices: IR submits FIR against M/s Shan Enterprises

byM.B. Rana

KARACHI: The Customs Court admitted first information report (FIR) against Muhammad Shahzad, owner of M/s Shan Enterprises and others for...

Puma Energy Pakistan moves SHC challenging demand notice for recovery of petroleum levy

byM.B. Rana

KARACHI: Puma Energy Pakistan (Private) Limited has approached the Sindh High Court (SHC) and filed a constitutional petition challenging impugned...

Govt cuts petrol price by Rs1.57 from Nov 1

ISLAMABAD: The federal government on Saturday has announced to decrease the prices of petroleum products for the first half of...

FPCCI seeks reduction in levy, taxes on petroleum products

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday demanded the government of reducing levy and taxes...

Customs Court approves remand of suspect in diesel smuggling via deep sea case

byM.B. Rana

KARACHI: The Customs Court approved physical remand of suspects namely Syed Umer, Noor Muhammad Khan, Rahat Khan, Farman Ali, Momin...

Pakistan gets textile orders from top brands Hugo Boss, Guess, Target

ISLAMABAD: Pakistan’s decision to ease COVID-19 restrictions early on paved the way for its textile sector to secure orders from...

Money printing cost rises to Rs13.32b in FY20: SBP

KARACHI: The State Bank of Pakistan (SBP) has said that cost of printing of money increased to Rs13.32 billion in...

FBR to take action against officials reluctant in joining new place of posting

MULTAN: The Federal Board of Revenue (FBR) has decided to take departmental action against officials who are reluctant in joining...

NAB team raids NICVD over financial, admin irregularities

KARACHI: A team of National Accountability Bureau (NAB) conducted an hours long ‘raid’ at the National Institute of Cardiovascular Diseases...

SECP measures gender diversity on boards, business leadership in Pakistan

ISLAMABAD: In a Webinar organized by the Pakistan Institute of Corporate Governance (PICG) and the Center of Excellence in Responsible...

Oil pumps in operation at an oilfield near central Los Angeles on February 02, 2011. World oil prices recently rallied close to $100 per barrel, as traders absorbed impressive fourth-quarter US economic growth and fretted over worsening political turmoil in Egypt. Most other commodity markets also won support this week from news that the US economic recovery picked up speed in the last three months of 2010, stoking hopes of strengthening demand for raw materials. The US economy grew at its fastest clip in five years in 2010, the Commerce Department reported, as the country bounced back from recession and fears of a double-dip recession ebbed. AFP PHOTO/Mark RALSTON (Photo credit should read MARK RALSTON/AFP/Getty Images)

Oil edges up, but set to post second monthly fall on virus spread

SINGAPORE: Global oil prices edged up on Friday, but are on track for a second monthly fall on growing concerns...

Sugar import: Unloading underway as 25,250 ton shipment berths at Port Qasim

KARACHI: Unloading of imported sugar consignment underway which docked at Port Qasim Karachi yesterday carrying over 25000 Tonnes of sugar...

FBR surpasses revenue collection target, collects over Rs1tr in 1Q of FY21

ISLAMABAD: Federal Board of Revenue (FBR) has done remarkably well in the 1st quarter of the current fiscal year. On...

IR I&I detects tax evasion of Rs11.062m by unregistered factory in Sahiwal