SBP governor’s press conference on MPS
KARACHI: Governor State Bank of Pakistan Mr. Ashraf Mahmood Wathra will unveil Monetary Policy Decision at a press conference on Saturday, July 30, 2016 at 12:30 pm. The press conference will be held...
View ArticleMinister for Planning emphasizes close collaboration amongst institutions for...
KARACHI: Federal Minister for Planning, Development and Reforms Prof. Ahsan Iqbal has said that all institutions of the country should work hard for making Pakistan amongst top 25 economies of the...
View ArticleAgha Steel awards contract to Italian Co Danieli to develop Pakistan’s...
KARACHI: Agha Steel Industries-Pakistan and Danieli–Italy have signed a contract for the Meltshop Enhancement Project, the project includes complete reconstruction of the Electric Arc Furnace (EAF) and...
View ArticleCustoms values of PVC panaflex/banner sheets revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of PVC panaflex/banner sheets vide Valuation Ruling No. 892/2016. Customs values of PVC Panatlex/Banner Sheets were...
View ArticleCustoms values of zippers revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of zippers (low-end brands) vide Valuation Ruling No. 887/2016. It came to the notice of Directorate General Customs...
View ArticleCustoms values of disposable syringes with needles revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of disposable syringes with needles vide Valuation Ruling No. 888/2016. It came to the notice of Directorate General...
View ArticleCustoms values of zip sliders/zip runners revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of zip sliders/zip runners (low end brands) vide Valuation Ruling No. 889/2016. It came to the notice of Directorate...
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Customs values of bicycle parts revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of bicycle parts vide Valuation Ruling No. 890/2016. It came to the notice of Directorate General Customs valueation that...
View ArticleCustoms to issue 05 valuation guidelines every week
KARACHI: Director General Customs Valuation Syed Tanveer has advised the formation to scrutinize the import data and streamline the values. DG has also advised to issue at least five valuation...
View ArticleMCC Preventive Lahore beefs up security
KARACHI: MCC Preventive Lahore has beefed up security of Customs House and its various stations in Lahore and established a central control room. In a bid to beef up security arrangements of Custom...
View ArticleDespite higher tax expenses and super tax, PSMC announces profits of Rs 488m...
KARACHI: Pak Suzuki Motor Company (PSMC) Thursday announced its profits of Rs 488 million declining by 5 per cent in April-June 2016 because of higher tax expenses and super tax. The company shows its...
View ArticleFBR likely to introduce tax stamps on cigarette packs
KARACHI: The Federal Board of Revenue (FBR’s) likely initiative to introduce tax stamps on cigarette packs and other goods would not only help tightening noose around the unbridled non-tax paid...
View ArticleBuilders’ committee and FBR could not reach any consensus on valuation issue
KARACHI: The meeting of the 13-members committee of Builders and Developers with Haroon Akhtar Khan, advisor to the Prime Minister and member policy Federal Board of Revenue (FBR) was held at FBR...
View ArticleFBR further clarifies taxation of immovable property, Through finance Act 2016
KARACHI: Federal Board of Revenue (FBR) on Thursday said that about eight amendments have been introduced to Income Tax Ordinance, 2001 through Finance Act, 2016 regarding taxation of immovable...
View ArticleSHC issues notice for Aug 02 in petition against attachment of accounts
KARACHI: A divisional bench of High Court of Sindh (SHC) comprising Justice Muhammad Iqbal Kalhoro and Justice Khadim Hussain Shaikh on Thursday issued notice for August 02 in a petition filed by...
View ArticleFootwear importers recommend scrutiny of the affairs of M/s Service, M/s Bata
KARACHI: A delegation of footwear importers including as well as representatives of M/s Bata and M/s Service met with Director of Customs Valuation Wasif Memon to press downward revision in the values...
View ArticleMCC Islamabad seizes 1.1kg refined heroin
KARACHI: MCC Islamabad has seized 1.1kg of refined heroin worth Rs20 million and arrested one passenger. Islamabad Customs Staff , in continuation of its outstanding performance, seized 1.1 Kg of...
View ArticleGovt increases duty on Cotton import from 2% to 3%
KARACHI: The government has further increased the custom duty on cotton import from 2 per cent to 3 per cent, while the industry has to pay a total 4 per cent duty on cotton imports, said Tariq Saud,...
View ArticlePIA signs contact for lease of three A-330s
KARACHI: Pakistan International Airlines (PIA) has formalized wet leasing of three A-330 aircraft from Sri- Lankan Airlines at a ceremony held in Colombo on Friday. Chief Executive Officer (CEO), Bernd...
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Customs values of paint brushes, roller brushes revised
KARACHI: Director Customs Valuation Wasif Memon has revised the customs values of paint brushes and roller brushes vide Valuation Ruling No. 893/2016. It was brought to the notice of Directorate...
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