Friday , September 25 2020
Breaking News
Home / Author Archives: Saleem Jadon (page 22)

Author Archives: Saleem Jadon

FBR flayed over not removing flaws in WeBOC system quickly

MULTAN: The business community of south Punjab has criticised the Federal Board of Revenue (FBR) over paying no attention to resolve serious flaws in the Web-Based One Customs (WeBOC) system. Members and office-bearers of the Multan Chamber of Commerce & Industry (MCCI), All Pakistan Bedsheet & Upholstery Manufacturers Association, Multan Dry Port Association (MDPA) expressed their concern over implementation of ... Read More »

KPCCI, WCCI presidents elected

PESHAWAR: Several members of Businessman Forum have been elected office-bearers of the Khyber Pakhtunkhwa Chamber of Commerce and Industry (KPCCI) and Women Chamber of Commerce and Industry (WCCI). Industrialist Zahidullah Shinwari was elected unopposed as KPCCI President, while Mohammad Shafiq and Mohammad Taimur were also elected unopposed as Senior Vice President and Vice President, respectively. The election results were announced ... Read More »

Shaban Khalid elected unopposed as ICCI president

ISLAMABAD: The office-bearers and executive members of Islamabad Chamber of Commerce & Industry (ICCI) have been elected unopposed in the annual elections for the year 2013-14. Shaban Khalid has been elected as President, Khalid Mehmood Chaudhry and Mirza Muhammad Ali as Senior Vice President and Vice President respectively. Moreover, Ejaz Ibrahim, Ammad Naveed, Mian Muhammad Ramzan, Umer Rafiq, Babar Aftab ... Read More »

LSE downs by 39.08 points

LAHORE: Bearish trend prevailed in Lahore Stock Exchange on Tuesday as it shed 39.08 points, following the LSE-25 index opened with 4670.57 and closed at 4631.49 points. The market’s overall situation, however, corresponded to an upward trend as it remained at 6.037 million shares to close against previous turnover of 4.540 million shares, showing an upward move of 1.497 million ... Read More »

Excise & Taxation Dept to use banking channels for collection

LAHORE: A proposal to collect token tax through banks is being considered by the Punjab government. Official of the Punjab Excise and Taxation Department has said that the government is mulling to collect tax through banking channels. The step will ensure transparency in collection and redressing public complaints of overcharging. He said the proposal was part of policy of the ... Read More »

Technology upgradation must for economic growth

LAHORE: Technology upgradation in engineering industries is a key to high economic growth, which could put Pakistan on path to progress and prosperity. This was the upshot of the speeches delivered at day-long national conference on Technology Upgradation in Engineering Industries arranged by the LCCI Committee on Technology Promotion in Manufacturing Skills. Provincial Minister for Industries Chaudhry Muhammad Shafiq, LCCI ... Read More »

REAP, LTIA back PIAF-Founders Alliance candidate in LCCI elections

LAHORE: PIAF-Founders Alliance is inching towards another historical landmark as Rice Exporters Association of Pakistan (REAP) and Lahore Township Industrial Association (LTIA) have also announced to support the Alliance candidate in the LCCI elections being held on September 23 and 24. The LTIA hosted a lunch in honour of PIAF-Founders Alliance Corporate Class candidates Ijaz A Mumtaz, Babar Mahmood, Naseeb ... Read More »

ICCI, FWBL vow to work on women entrepreneurship

ISLAMABAD: Women are almost half of the Pakistan’s total population and encouraging them towards entrepreneurship could be a powerful source of economic growth and development in the country. These views were expressed in a meeting between First Women Bank Ltd’s (FWBL) Women Entrepreneurship Development Regional Head Parvin M Khan and Islamabad Chamber of Commerce & Industry (ICCI) President Zafar Bakhtawari. ... Read More »

Govt policies flourishing economy: Mujtaba

LAHORE: Due to the best trade and industrial policies of the government, the country has been placed on the road to progress and prosperity; however, all segments of society should perform their social responsibility for the peaceful atmosphere and elimination of terrorism so that healthy economic activities could be flourished. Provincial Minister for Finance, Excise & Taxation, Mian Mujtaba Shujaur ... Read More »

Man held for smuggling 6kg gold in India

NEW DELHI: A man was arrested for allegedly trying to smuggle into the country gold worth about Rs17.3 million in Indian currency at an international airport here. The passenger, who hails from Moradabad in Uttar Pradesh, was intercepted by customs officials after his arrival from Dubai. “On x-ray of his baggage nothing objectionable was noticed. However, during his personal search, ... Read More »

JFK International Airport has longest Customs lines

NEW YORK CITY: John F Kennedy International Airport has the longest average wait time, according to a report by the Global Gateway Alliance on summer 2013 airport customs line delays. The average delay at JFK during the summer months of June, July and August was 23 minutes. The average maximum delay was 57 minutes and average maximum delay during peak ... Read More »

FCCI asks govt to evolve sustained policies to grow economy

FAISALABAD: Faisalabad Chamber of Commerce and Industry (FCCI) President Mian Zahid Aslam has urged the government to make sustained economic policies in consultation with all stakeholders for the revival of industrial sector. He, while talking to a delegation of local industrialists, said that the government should also prepare investment and business-friendly policies to attract the foreign investors. He said that ... Read More »

FTO rejects review application of ex-FBR/ATIR member

ISLAMABAD: The Federal Tax Ombudsman (FTO) has rejected a review application filed by a former member of Federal Board of Revenue (FBR) and Appellate Tribunal Inland Revenue (ATIR), and remarked  that there is no provision for second review in the FTO Ordinance, 2000 against the recommendations issued by an FTO. The former member FBR/ATIR filed the re-review application against the ... Read More »

CAC backs PIAF-Founders Alliance in LCCI elections

LAHORE: The majority of Corporate and Associate Class (CAC) members of the Lahore Chamber of Commerce and Industry (LCCI) have announced their support for PIAF-Founders Alliance for the upcoming LCCI elections scheduled for September 23 and 24. Pakistan Steel Re-Rolling Mills Association (PSRMA) leaders Mian Muhammad Ashraf, Hafiz Muhammad Akbar arranged a luncheon reception in honour of the CAC leaders ... Read More »

Mehmood Arshad appointed Chairman FPCCI body

KARACHI: Federation of Pakistan Chambers of Commerce and Industry President Zubair Ahmed Malik has appointed Mehmood Arshad as Chairman of Pakistan-Qatar Business Council of FPCCI. Mehmood Arshad is associated with Pak-Qatar Takaful Group in Pakistan and also owns Tawun. He has also been playing active role in FPCCI’s Sanding Committee on Islamic Banking and Takaful for promotion of Islamic Financial ... Read More »

Customs smashes supply chain of illicit cigarette syndicate

HONG KONG: Hong Kong Customs has smashed a supply chain of an illicit cigarette syndicate and seized about 38 000 sticks of cigarettes. The total market value of the cigarettes was about $100,000 with a duty potential of about $65,000. In the operation, three man aged between 25 and 47 were arrested and three vehicles used for conveying the illicit ... Read More »

Canadian woman caught smuggling cocaine in ‘baby bump’

BOGOTA, Colombia: Drug trafficking is a lucrative business so people try all kinds of cunning techniques to smuggle illegal substances to rake in the profits. We have heard of instances where drugs were concealed in porcelain figurines, sewn into pants, molded into sneakers, packed into baby diapers, toothpaste, cosmetics etc. Though surveillance equipment, airport scanners and cargo X-rays are getting ... Read More »

Businessmen asked to deposit 1pc sales tax

LAHORE: Federal Board of Revenue (FBR) is urging business community to collect one per cent sales tax imposed by the parliament as businessmen are facing problems in recovering additional tax levied on suppliers or services from June 13. It is being claimed by some suppliers that there is no provision in FBR’s e-filling system to accept the additional tax. An ... Read More »

Pakistani immigrant sentenced in prescription drug smuggling operation in US

PHILADELPHIA, US: A 33-year-old Pakistani immigrant was sentenced in federal court to a year in prison and faces deportation for his role in a prescription drug smuggling and distribution operation. His brother, a US citizen, was sentenced earlier to 15 months in prison. Prosecutor Albert Glenn says the operation smuggled millions of pills including Xanax, Valium, diet and sleeping pills ... Read More »

ECNEC okays 10 projects amounting to Rs51791.435m

ISLAMABAD: A meeting of the Executive Committee of the National Economic Council (ECNEC), held under the Chairmanship of Finance Minister Senator Ishaq Dar at the Prime Minister’s Office, has approved 10 projects amounting to Rs51791.435 million. Three projects i.e. 40 MW Dowarian Hydro Power Project, 35 MW Nogdar Hydro power Project and Hassan Abdal – Havelian – Mansehra expressway project ... Read More »