Karachi
Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people
Subzwari announces waiving KPT, Port Qasim charges on stranded containers
KARACHI: The federal government will waive off Karachi Port Trust (KPT) and Port Qasim charges completely to clear thousands of...
SBP jacks up policy rate to 17pc — highest since October 1997
KARACHI: In line with the market expectations, the State Bank of Pakistan (SBP) on Monday jacked up the benchmark interest...
State Bank withdraws condition of prior approval for imports
KARACHI: The State Bank of Pakistan (SBP) on Monday eased some of the restrictions imposed on imports following months-long severe...
SBP to determine monetary policy today
KARACHI: The State Bank of Pakistan’s (SBP) Monetary Policy Committee (MPC) will convene on January 23 (today) to determine the...
Chairman FBR visits Karachi Port & Large Taxpayers Office
KARACHI: Chairman Federal Board of Revenue (FBR) Asim Ahmad visited Karachi Port and Large Taxpayers Office (LTO). During his visit...
‘Foreign shipping lines may halt Pakistan operations’
KARACHI: The Pakistan Ship’s Agents Association (PSAA) has warned of severe disruption in transportation of export cargoes as foreign shipping...
SBP directs commercial banks to open accounts of mosques
KARACHI: State Bank of Pakistan (SBP) wrote letters to heads of commercial banks on Thursday directing them to open accounts...
FTO directs LTO Karachi to refund extra ST paid on vehicles to Bank of Punjab
KARACHI: The Federal Tax Ombudsman (FTO) has directed the Large Taxpayer Office (LTO) Karachi to refund extra paid sales tax...
SBP seeks details for clearance of stuck-up containers
KARACHI: The State Bank of Pakistan (SBP) has sought details of stuck-up imported containers at the ports. The development follows...
Pakistan forex reserves rise $258m to $4.601b
KARACHI: Snapping one of its most unnerving losing streaks in years, foreign exchange reserves held by the State Bank of...
FDI shrinks by 59pc to $461m in first six months of FY 2023
KARACHI: Pakistan’s foreign direct investment (FDI) shrank by 59% to $461 million in the first six months of the current...
Demurrage, detention charges cause huge outflow of dollars: Chief Collector Yaqoob Mako
KARACHI: Chief Collector, Collectorate of Customs Enforcement South, Muhammad Yaqoob Mako has said that a huge sum of dollars are...
SBP issues fresh directives for encashment of withdrawn prize bonds
KARACHI: The State Bank of Pakistan (SBP) announced an extension in the date to redeem withdrawn prize bonds of Rs7,500,...
SBP Governor says ‘import LCs being opened at interbank rate’
KARACHI: The State Bank of Pakistan (SBP) Governor Jameel Ahmad has said that the import letter of credit (LCs) for...
Pakistan’s current account deficit narrows 78pc to $400m
KARACHI: Pakistan’s current account deficit — the gap between the country’s higher foreign expenditure and low income — in the...
Forex firms advise govt to fix higher dollar rate to boost remittances
KARACHI: The Exchange Companies Association of Pakistan (ECAP) has advised the government to "fix" the dollar rate to reduce the...
Pakistan Customs introduces ‘Linking International Values’ system
KARACHI: Directorate General Valuation (Customs), Karachi has launched LIVE (Linking International Values) system across Pakistan to digitally integrate price data...
SBP expected to raise interest rate by 100-200bps
KARACHI: The State Bank of Pakistan (SBP), due to rising inflation and declining foreign reserve, is expected to raise its...
SBP issues NOCs for establishing five digital banks
KARACHI: State Bank of Pakistan (SBP) issued no-objection-certificates (NOCs) to five applicants for establishing digital banks in the country. The...
Food supply at risk as banks reluctant to open LCs
KARACHI: Despite the State Bank of Pakistan’s (SBP) directives about import facilitation, the banks remain hesitant in opening letters of...
