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Spanish firm approaches FIA, NAB over ‘fraud’ in Green Line project
KARACHI: The much-awaited Green Line service seems to be surrounded by a financial controversy even before its launch. A European...
Neither IMF programme suspended, nor World Bank loans withheld for Pakistan: finance ministry
ISLAMABAD: The Finance Ministry clarified that Pakistan’s IMF programme had not been suspended and neither has the World Bank withheld...
FBR imposes super tax on banking companies permanently
ISLAMABAD: The levy of super tax has been permanently imposed on banking companies as it was expiring in the tax...
Govt to abolish tax on import of POS machines
ISLAMABAD: The federal government has decided to abolish tax on the import of point of sale (POS) machines. This was...
Cutlery exports increase 40.11pc to US $107.491m in 11 months
ISLAMABAD: The exports of cutlery witnessed an increase of 40.11 percent during the first eleven months of financial year 2020-21...
Power tariff likely to decrease by up to 12 paisa per unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) is likely to slash power tariff by up to 12 paisa per...
Customs I&I detects tax evasion of Rs4.15b by Export Processing Zone units
KARACHI: Directorate of Customs Intelligence and Investigation (I&I) detected tax evasion of Rs4.15 billion by Export Processing Zone (EPZ) units....
FBR constitutes committees to remove anomalies in Finance Bill 2021
ISLAMABAD: The Federal Board of Revenue (FBR) formed committees to identify and remove technical and legal anomalies in the Finance...
Multan I&I recovers poppy seeds worth Rs25m from warehouse near Samundri
MULTAN: Directorate of Customs Intelligence and Investigation has seized huge quantity of poppy seeds worth Rs25 million near Samundri. According...
FPCCI demands setting up of Customs Adjudication Stations across Sindh
KARACHI: Shabbir Mansha Churra, Convener of FPCCI’s Central Standing Committee on Customs has demanded to Collector of Customs Adjudication for...
Ambassador of Indonesia visits RCCI, urges for strengthening trade ties
RAWALPINDI: Indonesian Ambassador to Pakistan Adam Tugio during his visit to the Rawalpindi Chamber of Commerce and Industry (RCCI) has...
Fertiliser industry will be forced to increase prices if budget 2021-22 failed to address sales tax & other issues
LAHORE: Stakeholders of the fertiliser industry have said that they will be forced to increase prices if the budget for...
Customs Preventive seizes narcotics worth Rs301m near Keti Bandar
KARACHI: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) seized huge quantity of narcotics including methamphetamine and heroin worth Rs301 million....
World Bank approves $442m for Pakistan’s water and sanitation services
ISLAMABAD: The World Bank’s Board of Executive Directors has approved $442 million in financing to support Pakistan improve its access...
PSX announces launch of 90 day DFC and new futures eligibility criteria
KARACHI (Dunya News) – In a major move forward, Pakistan Stock Exchange (PSX) has introduced a new futures eligibility criteria...
Mis-declaration: Appraisement East registers FIR against M/s Iftikhar Auto Store
KARACHI: Collectorate of Customs Appraisement East registered FIR against M/s Iftikhar Auto Store for mis-declaring the classification and value of...
Shaukat Tarin for launch of New-Auto policy
ISLAMABAD: Federal Minister for Finance and Revenue, Shaukat Tarin Friday assured his full support for the final launch of the...
Govt to amend clause to bar FBR from arresting tax evaders: Tarin
ISLAMABAD: Finance Minister Shaukat Tarin has agreed to amend the clauses pertaining to arrest of tax evaders in the finance...
Multan Customs generates Rs56.64m through auction of confiscated goods & vehicles
MULTAN: Collectorate of Customs Enforcement and Compliance (E&C) has generated almost Rs56.64 million during auction of confiscated goods and vehicles...
Domestic tractors witness 65pc growth in last 10 months
ISLAMABAD: Domestic tractor assembling witnessed about 65.36 per cent growth during ten months of the current fiscal year 2020-21. Adviser...
