Karachi

KARACHI: State Bank of Pakistan (SBP) on Wednesday extended timelines for compliance with various regulatory requirements by banks considering the...

Customs Court acquits suspects booked in sales tax evasion scam

KARACHI: The Customs Court allowed application under section 265-K Cr.PC and acquitted suspects namely Rehan Saeed Khan and Muhammad Muddasir...

SHC directs to release consignment imported by M/s A K International on bank guarantee

KARACHI: A division bench of the Sindh High Court (SHC) directed customs officials to consider application of importer for sending...

Dr. Reza Baqir inaugurates Polyculture Forest, Museum Laboratory

KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir inaugurated the Polyculture Forest at Pakistan Security Printing Corporation (PSPC)...

Collector PMBQ seeks dismissal of petition filed by M/s Dany Technologies & others

KARACHI: Jahangir Bohio, Assistant Collector-Law has submitted reply before a division bench of Sindh High Court (SHC) on behalf of...

Customs Court directs to freeze 18 bank accounts of M/s Khan Cargo Carrier in money laundering scam

KARACHI: The Customs court allowed provisionally attachment of 18 bank accounts, appears to be involved in money laundering for a...

SHC directs customs officials not to take action against M/s International Industries Limited

KARACHI: The Sindh High Court (SHC) restrained customs officials from taking any coercive action against importer M/s International Industries Limited...

Sindh govt starts releasing wheat quota for flour mills

KARACHI: The Sindh government has started releasing the wheat quota to flour mills after setting up the government prices to...

6000 allotees of Fazaia Housing scam laud services of NAB DD Salahuddin Mughal

19/10/2020

KARACHI: After six months of tireless work of NAB’s Deputy Director Salahuddin and excellent cooperation with the victims, the matter...

Sales tax evasion of Rs95.108m: IR lodges FIR against M/s Royal Industries

19/10/2020

KARACHI: Deputy Commissioner Inland Revenue, Zone-I submitted first information report (FIR) against Muhammad Zain Anis owner of M/s Royal Industries,...

Customs court awards imprisonment to suspect in contraband goods smuggling case

19/10/2020

KARACHI: The Customs & Taxation Court awarded 25 days imprisonment and fine Rs3,00,000 to suspect namely Naimat Ullah son of...

Customs E&C seizes 75 houbura bustards, falcons worth Rs200m from DHA

KARACHI: Collectorate of Customs Enforcement & Compliance (E&C) seized 75 birds of endangered species during the intervening night of 14th...

Tax evasion: IR II&P submits FIR against M/s Zainab Enterprises/Safwan Trading Corporation

KARACHI: Investigation officer of Inland Revenue (IR), Intelligence Investigation & Prosecution (II&P) Cell has submitted first information report before the...

Video surveillance solution to monitoring without human intervention: Member IR Dr. Ashfaq

Faster Plus is world’s best system for ST refunds: Member IR Operations Dr. Ashfaq KARACHI: Member (IR Operations) Federal Board...

SHC seeks reply on petition filed by M/s Puma Energy (Pvt) Ltd against demand notice

KARACHI: A division bench of the Sindh High Court (SHC) issued notices to customs authorities and deputy attorney general of...

SBP issues list of approved currency exchange companies in Pakistan

KARACHI: State Bank of Pakistan (SBP) has issued list of approved currency exchange companies in the country. The SBP issued...

Governor SBP launches digitization of FX regulatory approvals

KARACHI: Governor State Bank of Pakistan (SBP) Dr. Reza Baqir launched the SBP FX Regulatory Approval System (RAS) for end-to-end...

SHC seeks reply on petition filed by M/s Haji Muhammad Enterprises & M/s Global Trading Co for release of goods

16/10/2020

KARACHI: The Sindh High Court (SHC) directed customs officials to ensure filing their respective para wise comments on a constitutional...

Mis-declaration: Customs court calls progress report against M/s Electromed Corp on & M/s Rempex Trading