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ISLAMABAD – Minister for Industries and Production Hammad Azhar said the government was confident of achieving the Federal Board Revenue...

Senate recommends extending tax amnesty to construction sector till June 2021

ISLAMABAD: Senate of Pakistan has recommended that tax amnesty i.e. immunity from explaining source of income for builders and developers...

M/s Eastern Construction Co challenges recovery notice in SHC

byM.B. Rana

KARACHI: Muhammad Saleem, proprietor of M/s Eastern Construction Co approached the Sindh High Court (SHC) and filed a petition against...

Customs ASO submits final charge sheet of tobacco smuggling case

byM.B. Rana

KARACHI: Investigation officer of Customs Anti-Smuggling Organization N.M.W. Wharf Karachi submitted final charge sheet against suspects namely Mirza Aurangzaib Baig...

China to enhance investments in development projects to generate employment: Envoy

ISLAMABAD: The Chinese Ambassador to Pakistan, Yao Jing, called on the Adviser to the Prime Minister on Finance and Revenue,...

CCP passes order regarding filing indemnity bonds with airlines by mango exporters

ISLAMABAD: The Competition Commission of Pakistan (CCP) has passed an order addressing the issue of mandatory filing of indemnity bonds...

NAB believes in transparency & supremacy of law. Chairman Javed Iqbal

ISLAMABAD: Justice Javed Iqbal, Chairman National Accountability Bureau (NAB) said that NAB believes in transparency and supremacy of law. Honesty...

Pakistan receives $1.5b foreign assistance this week: Govt

ISLAMABAD: The Ministry of Finance on Thursday said Pakistan has received $1.5 billion in Covid-19 and development policy related finance...

Govt releases Rs6.2b for textile industry to resolve liquidity issues, encourage exports

LAHORE: Adviser to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Thursday announced the release of an...

Multan Customs recovers Rs80.46m NDP goods from private warehouse

MULTAN: Collectorate of Customs Enforcement & Compliance (E&C) recovered worth Rs80.46 million of non-customs paid goods from private warehouse. Collector...

KPT shipping intelligence report June 25

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

All necessary measures being followed at Torkham against COVID-19: Inamullah Wazir

byTariq Derya

TORKHAM: The Afghan Transit Trade (ATT) Deputy Director Inamullah Wazir said that scanning was the only step left which has...

Customs I&I impounds Rs40m smuggled ceramics tiles near Hanjarwal

byM Hayat

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) team has impounded over Rs40 million smuggled ceramics tiles in an intelligence...

Businessmen seeks extension in FBR’s Asset Declaration Scheme till August 31

byM Hayat

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has urged the Federal Board of Revenue to extend the last...

Stocks fall 325 points as selling pressure persists

KARACHI: In line with the downtrend witnessed in global stock markets, the Pakistan Stock Exchange (PSX) remained in the negative...

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 falls below $40 on record US inventories, COVID fears