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China’s Anbang set to buy US insurer Fidelity for $1.57b
BEIJING: Beijing-based Anbang Insurance Group Co is to buy the United States-based life insurer Fidelity & Guaranty Life Co for...
China steel exports at rise as trade frictions increase
BEIJING: Mooring lines hang from the hull of the A.P. Moller container ship, operated by AP Moeller-Maersk A/S, at the...
Australia, China sign free trade agreement
BEIJING: Australian exporters to China should start seeing tariffs fall by the end of the year after parliament passed a...
China import drops again in Oct for 12th consecutive time
BEIJING: China's import dropped again in October for the 12th consecutive time, according to official data revealed Sunday. BBC News reported...
Saudi authorities executes 3 Iranian drug smugglers
RIYADH: Saudi authorities executed three Iranian men after they were convicted of trying to smuggle a large quantity of drugs...
Saudi economy to go below $50 in Nov 2015
RIYADH: The price of oil per a barrel has plummeted from $110 in June 2014 to below $50 in November...
Russia, Iran to explore venues for economic cooperation
TEHRAN: Iran and Russia’s joint economic commission is going to convene on November 10 in the Russian capital Moscow. Iranian...
Russia, China agree to expand bilateral trade
MOSCOW: E-commerce has boosted cross-border trade between China and Russia. The digital era has helped bring cheaper Russian goods, especially food,...
Saudi Arab Customs nabs woman for smuggling alcohol
JEDDA: An Asian woman was arrested for attempting to smuggle alcohol through Jeddah’s main airport. Abdullah Al-Falai, Custom Control director...
China’s electric car production surges to 50,700 vehicles in Oct
BEIJING: Government support helped China's electric car production in October jump eightfold year on year to 50,700 vehicles, the Ministry...
FBR’s computerized system to be upgraded in six months: Tariq Bajwa
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has said that decrease in imports is main reason that led...
Sui Southern Gas Company evades Rs 54.196m taxes, duties by availing inadmissible exemptions
KARACHI: Pakistan Customs Directorate of Post Clearance Audit, Directorate Karachi has detected tax evasion to the tune of Rs 54.196...
Show cause notice served on KICT for Rs7.73m tax evasion
KARACHI: The Customs Collectorate of Adjudication-I has served a show cause notice on the Karachi International Container Terminal Limited for bringing...
FBR upgrades Customs’ cadre posts from BS-14/15 to BS-16
KARACHI: The Federal Board of Revenue (FBR) has upgraded the cadre posts in the Customs Department from BS-14/15 to BS-16,...
Chief Collector Sarwat Tahir to visit Sialkot Collectorate on Nov 16
SIALKOT: Chief Collector Customs-North Sarwat Tahira will visit Model Customs Collectorate Sialkot on November 16, 2015 in order to review...
LCCI, BELCCI signs MOU to promote economic ties
LAHORE: Lahore Chamber of Commerce and Industry (LCCI) and Mogilev Branch of the Belarusian Chamber of Commerce and Industry (BELCCI)...
Adjudication Faisalabad issues final notices for hearing of 21 cases
FAISALABAD: The Model Customs Collectorate (MCC) Adjudication Deputy Collector (D.C) Asma Hameed has issued final notices for hearing of 21...
Member, Chief Accounts preside DAC in tax house Lahore
LAHORE: Member Accounts Seema Majid and Chief Accounts officer Dr, Sarmad of Federal Board of Revenue (FBR) has chaired a...
PM takes notice of delay in giving tax exemptions to projects related to CPEC
ISLAMABAD: Prime Minister Nawaz Sharif has taken notice of delay in giving duty/taxes exemption to the projects related to the...
ASO Sargodha seizes 198 cartons of imported soap worth Rs 308,880
FAISALABAD: The Anti-Smuggling Organization ASO Sargodha has seized imported Harmony brand soap of different flavours. In pursuance of secret information...
