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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

Stocks continue to take a battering; 100-index down 1,719 points; trading halted

KARACHI: Trading at the Pakistan Stock Exchange (PSX) was halted again on Thursday when the benchmark KSE-100 index plunged 1,719 points after the start of the morning session. This is the sixth time in the last nine days when trading had to be suspended. The index was at 28,696 points when the halt was triggered. On Wednesday, stocks slumped more ... Read More »

Risk taking, essential ingredient of success: SECP chairman

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) Chairman Aamir Khan said that risk taking was an essential ingredient of success, but a compromise on risk management protocols, could turn an opportunity into a loss situation. “No amount of urgency should detract from following the risk management protocols,” he added. He was delivering keynote address at First National Risk Management ... Read More »

Father of PRAL incharge Asif Jamil laid to rest

LAHORE: Squadron Leader ® Muhammad Jamil Akhter father of Incharge Pakistan Revenue & Automation Private Limited (PRAL) Mohammad Asif Jamil passes away. He was 79. Late Muhammad Jamil Akhter spent his entire career as Squadron Leader in Pakistan Air Force (PAF) as a professional officer. He leaves behind one widow, two and three daughters to mourn his death. His Namaz-e-Janaza ... Read More »

NAB to file reference against Hamza Shehbaz in assets case soon  

LAHORE: PML-N leader Hamza Shehbaz was produced before an accountability court in assets beyond means and money-laundering case on Friday. According to details, the son of the former CM Shehbaz Sharif was produced before the court, where the judge extended his judicial remand by 14 days. The authorities were directed to bring the PML-N leader before the court on February ... Read More »

RCCI urges early completion of SEZ under CPEC

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has urged the government and ministry of planning that the industrial parks would be developed aligned with local available resources. There is a need to expedite process and working on CPEC Special Economic Zones (SEZ). The Labour-intensive industry from China under China Pakistan Economic Corridor (CPEC) shall be relocated in Pakistan ... Read More »

Customs I&I personnel found dead at Manghopir

KARACHI: A two days old dead body of a Custom Intelligence and Investigation (I&I) personnel found in a government vehicle near the area of Manghopir. According to the details, a suspect dead body was found to the team of the Manghopir Police station which has been identified with the name of Fida Muhammad Khan from a government vehicle near the ... Read More »

Bearish trend continues as KSE-100 sheds 400 points

KARACHI: After a positive start to the trading session, the Pakistan Stock Exchange (PSX) once again fell under the radar of bears, as the indices failed to recover the losses accumulated in the previous session and closed in the negative zone on Wednesday. Foreign investors offloaded equities worth $3.87 million on Tuesday with major selling witnessed in the cement sector ... Read More »

NAB decides to sign agreement with FBI, NCA for elimination of corruption

ISLAMABAD: National Accountability Bureau (NAB) on Friday has decided to sign agreement with US’s Federal Bureau of Investigation (FBI) and British National Crime Agency (NCA) in a bid to eliminate the menace of corruption. According to sources, a draft, prepared by law ministry, has been dispatched to FBI and NCA. The documents to contact World Bank and Malaysian Anti-Corruption Commission ... Read More »

FBR seeks report regarding short assessment of vehicles cleared under amnesty scheme 2013

MULTAN: The Federal Board of Revenue seeks report from Customs Preventive about recovery of short assessment of vehicles cleared under the amnesty scheme 2013. The government has launched amnesty scheme on March 5, 2013 for regularization of smuggled vehicles in the country after payment of taxes, duty and nominal redemption fine. Almost 51,201 vehicles were regularized through the amnesty scheme ... Read More »

Pakistan to export additional 500,000 tons rice to China

ISLAMABAD: Advisor to Prime Minister on Commerce, Textile, and Industry Abdul Razak Dawood has said on Wednesday that Pakistan has completed rice export target of 250,000 tons to China. The rice were exported under the duty-free incentive package of $1 billion offered by China for Pakistan to lift its exports. Completing the target of assigned quota, Pakistan approached Chinese government ... Read More »

PSX’s 100 Index loses 1,382 points in intraday trading

KARACHI: The Pakistan Stock Exchange’s KSE-100 index on Thursday plummeted by more than 1,382 points during intra-day trading in the wake of the detailed verdict of a special court in the high treason case against former president General (r) Pervez Musharraf. The benchmark index opened at 41,603 points but started to fall around midday as the market anticipated the release ... Read More »

Court extends Khursheed Shah’s judicial remand till Dec 12

SUKKUR: An accountability court in Sukkur on Saturday extended the judicial remand of Syed Khursheed Shah till December 12 in a case regarding his alleged assets beyond means. On 7 December 2019, Shah’s defence counsel argued with the court that 82 days have been passed since his client’s arrest by the National Accountability Bureau (NAB), however the accountability watchdog could ... Read More »

Gold price up by Rs350 per tola

KARACHI: The price of 24 karat gold gained Rs350 on Wednesday and was traded at Rs85,450 per tola, as compared to Rs85,100 on last trading day, Karachi Sarafa Association reported. Likewise, the price of 10 gram gold witness increase of Rs300 and was traded at Rs73,260 against last closing of Rs72,960. The price of silver remained stable and was traded ... Read More »

Pakistan generates Rs31b through defence exports this financial year: Zubaida Jalal

DUBAI: Federal Minister for Defence Production Zubaida Jalal on Monday said that Pakistan made at least Rs31 billion from the export of defence-oriented products this financial year. The minister was talking on the sidelines of the Dubai Airshow 2019 that kicked off on Sunday. The airshow was opened by vice-president and prime minister of UAE and ruler of Dubai, Sheikh ... Read More »

KPT shipping intelligence report Nov 14

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Thursday. ALONG SIDE (Bulk Oil Pier) OP-I Lahore D. Crude Oil PNSC 13/11/19 OP-II Elandra Spruce D. Mogas Alpine 11/11/19 OP-II Shalamar D. Crude Oil PNSC 11/11/19 OP-II Sunray D. Mogas GAC 13/11/19 ALONG SIDE (East Wharves): 1 Stolt Commitment ... Read More »

Govt plans issuance of Euro, Sukuk bonds worth $2b

ISLAMABAD: With an aim to strength the state’s foreign exchange reserves, Pakistan’s finance ministry has begun preparations of issuing Eurobonds and Sukuk (Islamic bonds) worth $2 billion for five years and 10 years periods. The government of Pakistan intends to set up a Medium Term Note (MTN) Programme, covering both Eurobonds and international Sukuk for a period of one year ... Read More »

NAB pleas to cancel bail of Shehbaz Sharif set for hearing on Oct 22

ISLAMABAD: Supreme Court of Pakistan on Saturday set the date for hearing of appeals filed by National Accountability Bureau (NAB) against bail of Opposition Leader in the National Assembly Shehbaz Sharif. As per details, a three-member bench of the Supreme Court will hear the appeals against the bail of PML-N president in the Saaf Pani and Ashiyana cases on October ... Read More »

Quetta Customs recovers betel nuts, gutka, tyres worth Rs40m from passenger buses

QUETTA: Collectorate of Customs team foiled a bid to smuggle 8,000 kilograms of betel nuts, 500 kilogram Indian Pan Prag and huge quantity of non-duty paid tyres from a passenger bus. Sources told that Collector Preventive Dr. Iftikhar Ahmad received credible information about smuggling of goods through a passenger coach. He directed Additional Collector Jameel Baloch and Assistant Collector Saleem ... Read More »

Accountability Court adjourns hearing of fake accounts case till Oct. 22

ISLAMABAD: An accountability court on Friday adjourned hearing the fake accounts case without making any substantial progress after it was informed that copies of the reference had not yet been provided to all 30 of the suspects nominated. Accountability judge Mohammad Bashir, who was hearing the case, said the court will start the indictment process once all the accused had ... Read More »

Pakistan Stock Exchange lose 180 points on selling pressure

KARACHI: The Pakistan Stock Exchange (PSX) failed to sustain gains on Tuesday and succumbed to selling pressure. Although the bulls managed to overpower the bears for a brief period of time, the day ended with bears in control. Also, amidst economic uncertainty, recent political developments in the region forced the investors to keep their cautious stance intact. Foreign investors in ... Read More »