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China’s Three Gorges ready to pay $3.7bn to operate Brazil plants
BEIJING: Power company China Three Gorges Corp yesterday agreed to pay 13.8 billion reais (US$3.7 billion) for the rights to...
China’s HNA Group to acquire 23.7% stake in Azul Brazilian Airlines for $450m
BEIJING: Chinese conglomerate HNA Group is expanding its global footprint by acquiring a 23.7 percent stake in Azul Brazilian Airlines,...
China issues pro-trade customs measures
BEIJING: The General Administration of Customs (GAC) has rolled out 18 measures to buoy China's sinking foreign trade, its spokesperson...
Bangladesh authorities carried out 322,000 raids in first six months to check smuggling
DHAKA: The law enforcing agencies have carried out 322,000 raids in the first six months this year to check smuggling,...
China Pharma’s revenue falls 19.5% to $4.8m in Q3
BEIJING: China Pharma Holdings, Inc. an NYSE MKT listed corporation with its fully-integrated specialty pharmaceuticals subsidiary based in China, today...
China’s Zhaopin Limited revenue rises 19.1% to $55m
BEIJING: Zhaopin Limited, a China-based career portal, said revenue rose 19.1% to CNY 349.5 million (USD 55.0 million) in its...
FBR to defend 0.2% WHT on bank transactions before NA committee today
ISLAMABAD: The federal Board of Revenue (FBR) will defend its decision of levying 0.2 percent withholding tax on bank transactions...
Customs Preventive seizes 1,264 cell phones, 10 bottles of alcohol from PIA employee
KARACHI: The staff of the Model Customs Collectorate Preventive has arrested an official of the Pakistan International Airlines (PIA) and...
FBR lauds performance of chief commissioner LTU Chaudhary Safder
LAHORE: Federal Board of Revenue (FBR) Chairman Nisar Ahmad has lauded the performance of Large Taxpayer Unit (LTU) Chief Commissioner...
FBR recovers Rs 870m taxes from PIA
KARACHI: The Federal Board of Revenue (FBR) has recovered Rs 870 million from the Pakistan International Airlines (PIA) against the...
Customs Court summons investigation officer in smuggling of Iranian diesel case
KARACHI: The Special Court of Customs Taxation and Anti-Smuggling on Wednesday summoned the investigation officer in a case pertaining to...
IHC dismisses sales tax reference filed against customs official
ISLAMABAD: The Islamabad High Court (IHC) on Wednesday dismissed a sales tax reference filed against senior officer of Collectorate of...
IR-Intelligence arrests suspect involved in selling bogus invoices
ISLAMABAD: The Federal Board of Revenue (FBR) Inland Revenue (IR) Intelligence and Investigation has arrested a suspect allegedly involved in selling bogus...
Faisalabad Customs Adjudication declares cloth’s confiscation lawful
FAISALABAD: Customs Adjudication Faisalabad Deputy Collector Asma Hameed has issued Order-in-Original (ONO) in favour of Faisalabad Anti-Smuggling Organization (ASO) declaring...
Faisalabad Customs Intelligence impounds truck worth Rs 4.5m
FAISALABAD: The Customs Intelligence and Investigation has impounded a non-duty paid Hino Ranger Truck worth Rs 4.5 million involving duty/taxes...
IR restores Nova Technologies registration after submission of tax returns
ISLAMABAD: Commissioner Inland Revenue (IR) Appeals Regional Tax Office (RTO) Islamabad Ardsher Saleem Tariq has restore the registration of Nova...
Customs Court extends judicial remand of gold smuggling suspect
LAHORE: The Special Court of Customs Taxation and Anti-Smuggling has extended the judicial remand of a suspect in gold smuggling...
Korean envoy shows concern on decreasing Pak-Korean trade
KARACHI: Ambassador of Korea, Song Jong-Hwan, while expressing concern over decreasing trade volume between Pakistan and Korea since 2012,...
Governor Rafiq Rajwana assures to resolve 0.6% withholding tax issues amicably
LAHORE: Punjab Governor Malik Muhammad Rafiq Rajwana has assured the traders that the government will resolve the issue of 0.6...
Business community warns against any further increase in taxes
ISLAMABAD: Local business community in a meeting at Islamabad Chamber of Commerce and Industry cautioned the government to desist from...
