Karachi

KARACHI: The State Bank of Pakistan (SBP) has slashed the policy rate once again by another 100 basis points to...

Customs court approves charge sheet against M/s Al-Asghar Goods Transport Co

KARACHI: The Customs Court approved final charge sheet against suspect Muhammad Rashid son of Fazal-ur-Rehman, representative of M/s Al-Asghar Goods...

Stamp with word notice inside, vector illustration

CRTO starts proceedings for recovery of reward amount from 42 officials

KARACHI: The Chief Commissioner Inland Revenue of Corporate Regional Tax Office (CRTO) initiated recovery of reward amount that was sanctioned...

SBP reserves fall below $10b

KARACHI: The net foreign exchange reserves held by the State Bank of Pakistan (SBP) decreased by $146 million to $9.961...

SHC directs to release consignment of imported black pepper on bank guarantee

KARACHI: The Sindh High Court (SHC) has directed customs officials to release the consignment comprising black pepper on bank guarantee...

Current account deficit shrinks by 74pc in 11 months

KARACHI: Current account deficit has declined by 74 percent during first eleven months of current fiscal year owing to...

PCA Karachi serves 283 Contravention Reports on IT importers for Rs1.35b evasion

KARACHI: Directorate of Post Clearance Audit (PCA) served 283 Contravention Reports (CRs) on 14 importers of information technology (IT) and...

More than 50 Murder FIRs against DP World, Sultan Sulayem, Junaid Zamir, 65 officials and Maersk Soren Skou, Aruna, 51 officials demanded

byAsad Kharal

KARACHI: Traders demanded lodging of more than 50 murder FIRs against DP World chairman Sultan Sulayem, benaami owner Habibullah Khan,...

Customs Court fixes case for framing charge against M/s Malik Brothers Logistics

KARACHI: The Customs Taxation & Anti-Smuggling Court supplied copy to counsel for suspect and directed parties to come on next...

Customs Court directs to arrest suspects involved in Sweet Supari smuggling

KARACHI: The Customs Court directed investigation officer of customs department to arrest all absconding culprits and produce them before the...

Overseas Chamber of Commerce concerned over tax rates on import of raw materials

23/06/2020

ISLAMABAD: Foreign investors have raised concerns over the proposed tax rates on import of raw materials. Overseas Chamber of Commerce...

Wear face mask or face fine of Rs500 fine within premises of AFU, JIAP

23/06/2020

KARACHI: Collectorate of Customs Jinnah International Airport (JIAP) Sabir Jamal has issued office order announcing wearing of mask mandatory within...

Owner of detained Benson & Hedges cigarettes moves SHC against action taken by PCG

23/06/2020

KARACHI: Owner of 950 and 1240 sticks of Benson & Hedges cigarette approached the Sindh High Court (SHC) against action...

GST should be reduced to 14pc to provide much needed relief: KCCI

KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Agha Shahab Ahmed Khan has stressed that the rate of GST...

Finance Bill suggests important amendments in income tax at import stage

KARACHI: The Finance Bill 2020 has proposed significant amendments related to income tax at import stage in Section 148 of...

Import of used and old cars witnessed sharp decline of 61% during 11 months

KARACHI: The import of used and old cars witnessed sharp decline of 61 percent during first eleven months (July-May) of...

Cabinet body okays import of furnace oil

KARACHI: A sub-committee of the federal cabinet on energy has decided to allow the import of furnace oil to fulfil...

SHC directs to release consignment of M/s Associated Rolling Mills

20/06/2020

ISLAMABAD: A division bench of the Sindh High Court (SHC) directed customs officials to release the consignment on bank guarantee...

Builders and developers to register with FBR by December 31