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US, Russia vie for European gas market
MOSCOW: The first export of U.S. gas to Europe will head for Lithuania, two industry sources say, a gesture to...
China’s Sina Corp revenue rises 14% to $226.3m in Q3
BEIJING: Chinese Internet company Sina Corp. reported higher revenue and improved profit margins in the third quarter, driven by its...
Russia ranks at 51st place in foreign investors
MOSCOW: Amidst the ongoing noise around the situation in Ukraine and Syria and the sanctions and counter-sanctions, there is a...
Vietnam Customs arrests Russian student in drugs smuggling case
MOSCOW: Customs officers at Tan Son Nhat Airport in Ho Chi Minh City discovered cocaine in the luggage of a...
Chinese companies signed service outsourcing contracts worth $96.75bn in Jan-Oct
BEIJING - China's service outsourcing industry continues to grow, with a faster increase in the value of contracts signed in...
China’s financial institutions receive $2.36bn FDI in Q3
BEIJING: China's financial institutions received 15.05 billion yuan ($2.36 billion) in net foreign direct investment (FDI) in the third quarter...
China’s rail freight falls 16.3% in Oct
BEIJING: A slump in China's railway freight volume, an indicator of economic activity, picked up pace in October, the country's...
Yirendai planning to raise $100m in IPO
BEIJING: Yirendai, an online consumer finance marketplace, is planning to raise $100 million in an initial public offering on the...
Bangladesh records current account surplus of nearly $1bn in July-Sept
DHAKA: Bangladesh recorded a current account surplus of nearly 1 billion U.S. dollars a in July-September period of the current...
China to set up Customs office at Panchkhal
BEIJING: China’s proposal to set up a joint customs office at Panchkhal of Kavre and supply cooking gas bullets directly...
Ishaq Dar hopes increase in tax revenue under new FBR chairman Nisar
KARACHI: Federal Finance Minister Ishaq Dar seems optimistic on more recovery of taxes by the efforts of the newly appointed...
PM for first time approves appointment of FBR members
ISLAMABAD: For the first-time in the history of Federal Board of Revenue (FBR), any Prime Minister has approved the transfer...
Customs Preventive seizes gold worth Rs 30 million at Lahore airport
LAHORE: The Customs Preventive has confiscated seven kilogram of gold from a passenger at the Allama Iqbal International Airport here...
PCA directs M/s International Fancy Light to pay evaded tax of Rs 2.8m
KARACHI: The Directorate of Post Clearance Audit (PCA) has detected tax evasion to the tune of Rs 2.8 million by...
FBR to launch reforms, checking system in Customs
KARACHI: Federal Board of Revenue (FBR) has launched a reform and rechecking system in the Customs Department. Sources of FBR...
Juge Faiz Rasool summons report on seizing of mobile phones, electronic gadgets
KARACHI: The Special Court of Customs Taxation and Anti-Smuggling on Wednesday summoned a report from the investigation officer on an...
Faisalabad Excise collects Rs 939m in four months
FAISALABAD: The Excise and Taxation has achieved 40 percent of its assigned target, which is Rs 2322.61 million for the...
FBR submits list of corrupt officials to NAB
KARACHI: Federal Board of Revenue (FBR) has finalized a list of corrupt officials and submitted it to NAB authorities for...
Customs Court indicts suspects in issuance of fake sales tax invoices of over Rs 1 billion
KARACHI: The Special Court of Customs Taxation and Anti-Smuggling on Wednesday indicted the accused persons in a case pertaining to...
Customs Appellate Tribunal reserves verdict in TCS case
ISLAMABAD: A division bench of the Customs Appellate Tribunal has reserved its decision in a case involving illegal sale of mobile...
