Latest News
News updates Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people
Iran to export 350,000 bpd oil to Japan
TEHRAN: Iran plans to export 350,000 barrels per day (bpd) of oil to Japan when the West-engineered sanctions are lifted...
Saudi crude export falls 278,000 bpd in Aug
RIYADH: Saudi Arabia's crude oil exports fell by 278,000 barrels per day in August, despite historically high wellhead production, while...
Russia, Pakistan to sign Karachi-Lahore gas pipeline deal
MOSCOW: Pakistan and Russian Federation are all set to sign a government-to-government agreement on laying Karachi-Lahore Liquefied Natural Gas (LNG)...
Russia signs deal to build 800 MW power units in Cuba
MOSCOW: Russian government has approved the draft intergovernmental agreement submitted by the Energy Ministry on construction of power units at...
FRA demands for restoration of FBR employees performance allowance
MULTAN: Central secretary general Tahir Khakwani of the Federal Revenue Alliance has demanded the federal government de-freeze the performance allowance...
China’s top 20 container ports handled more than 120m TEUs
BEIJING: China’s top 20 container ports have handled more than 120 million TEUs this year until the end of August,...
Chinese police bust six smuggling rackets
ZHUHAI: Chinese police have busted six gangs suspected of smuggling 1 billion yuan (157 million U.S. dollars) worth of crystals...
Shanaghai Customs denies shutting out overseas purchasing agents
SHANGHAI: Shanghai customs has denied wide-spread rumors that it shuts out overseas purchasing agents, or "haiwai daigou," by detaining international...
China’s contracted FDI swells over 50% in first nine months
BEIJING: Contracted foreign direct investment in China surged more than 50 percent in the first nine months of this year,...
SinoFortone to invest £100m in UK theme park
BEIJING: Chinese-backed SinoFortone Group announced its intention today to invest 100 million pounds in the London Paramount Entertainment Resort, a...
Chinese company pledges $3b to build 299-mw biomass power station in Britain
BEIJING: A Chinese company on Tuesday pledged 2 billion pounds ($3.1 billion) to build 299-megawatt biomass power station in two...
China’s financial sector surges 16.1% to $221.8bn in Q3
BEIJING: The output of the financial sector jumped 16.1 percent year on year to 1.41 trillion yuan ($221.8 billion) in...
Xi’s visit to unlock $46bn worth of trade, investment deals
BEIJING: President Xi Jinping's state visit to the United Kingdom will see more than £30 billion ($46.41 billion) worth of...
China central bank issues first offshore Renminbi bond in London
BEIJING: China's central bank issued its first offshore renminbi bond in London on Tuesday, in a move that marks a...
China Audit Office uncovers $530m in arbitrary fees to enterprises
BEIJING: The National Audit Office (NAO) said Tuesday it has uncovered 3.37 billion yuan ($530 million) in arbitrary fees to...
China’s Vipshop Holdings to invest $34m in French retailer
BEIJING: Online retailer Vipshop Holdings Ltd is investing 30 million euros ($34 million) in French flash-sales site Showroomprive.com to further...
World Bank proposes FBR to make WHT adjustable
ISLAMABAD: Pakistan has low capital gain tax net and at least 10,000 people are inducted to the capital gain tax, including...
Kamran Micheal asks KCCI to nominate business leaders for special committee
KARACHI: Federal Minister for Ports and Shipping Senator Kamran Micheal has asked the Karachi Chamber of Commerce and Industry (KCCI)...
FBR told to bring policy reforms to curb smuggling
LAHORE: The Senate Standing Committee on Finance, Revenue and Economic Affairs has directed the Federal Board of Revenue (FBR) to...
Customs confiscates 28,000 cell phones, electronic items: Zahid Khokhar
KARACHI: The Anti-Smuggling Unit (ASU) of Pakistan Customs Karachi has confiscated more than 28,000 smuggled cell phones worth Rs 300...
