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International Customs

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

SportAccord to return to Russia in 2021

Ekaterinburg in Russia has been announced as the host city of the 2021 edition of the World Sport & Business Summit as the country awaits a decision on a potential ban from staging competitions over a four-year period. The event is scheduled to take place from May 23-28, 2021 at the IEC Ekaterinburg-Expo convention centre. Ekaterinburg hosted matches during the ... Read More »

MBA Jobs In Canada You Should Move Your Career There

Canada is a rising force in business education and a healthy market for MBAs looking for jobs. With application growth driven by overseas students who are attracted by Canada’s bright careers prospects and relaxed visa rules, it’s one of the most popular places for business students to study. Here are six reasons you should consider a career in Canada. 1. ... Read More »

China’s Trade With Iran Declines By Close To 40 Percent in 2019

The latest figures published by China’s customs show trade with Iran in October dropped to its lowest level in a decade. During the month of October, total trade with Iran was $1.38 billion, which is 38 percent less than in October 2018. From January to October exports to Iran decreased by 39 percent compared with the same period last year, ... Read More »

Sri Lanka, China agree to renegotiate H’tota Port deal

Sri Lanka and China agreed yesterday to renegotiate the Hambantota Port project, but in a manner that would not harm traditional friendship between the two countries, informed sources said yesterday. Former Chinese ambassador to Sri Lanka Wu Jianghao called on Prime Minister Mahinda Rajapaksa in Colombo as an envoy of Chinese President Xi Jinping yesterday. Discussion centered on the development ... Read More »

Carbery receives €35m EIB loan to help Brexit-proof business

Carbery Group has received a €35m loan from the European Investment Bank (EIB) to support fund the construction of a €78m manufacturing plant, which it hopes will help Brexit-proof the business. The EIB is the long-term lending institution of the European Union. It is owned by member states. This is the first ever EIB financing for an Irish agri-foods business. ... Read More »

Will east Africa sail off into the sunset with its economy-boosting port projects, or are there clouds on the horizon?

From Djibouti to Mozambique, several east African countries are at various stages in the development of ambitious and modern port facilities worth a combined value of over US$20 billion. The first berth of a proposed 32-berth port in the Kenya coastal town of Lamu, for example, is due to open later this month, part of the flagship Lamu Port-South Sudan-Ethiopia ... Read More »

Major Ports Group welcomes manifesto commitments on infrastructure

The UK Major Ports Group (UKMPG), the voice for the UK’s largest port operators, responded to commitments on infrastructure development in party manifestos and announced the major ports sector’s priorities for a new government. Ensuring that coastal communities receive their fair share of infrastructure spending and delivering on ports priorities would give the UK stronger gateways for trade post Brexit ... Read More »

Trade Deficit Soars to $1.808 Billion From $497 Million Last Year

The Turkish Statistical Institute said on Friday that the trade deficit rose to US$1.808 billion in October from US$497 million in the same month last year, indicating a four folds increase on an annual basis. Seasonally and calendar-adjusted exports decreased by a monthly 0.5 percent when compared with September. Imports increased by 3.6 percent. Turkey’s economy is emerging from a ... Read More »

Pakistan naval ship PNS Alamgir docks at Jeddah Port

JEDDAH — The naval forces of Saudi Arabia and Pakistan maintain excellent cordial relations and both have been engaged in several joint training exercises, Captain Muhammad Akram, Commanding Officer of Pakistan Naval Ship PNS Alamgir, said here on Saturday. He was speaking at a reception dinner in honor of the Saudi naval officers, consuls general, diplomats and Pakistan community representatives ... Read More »

Philippines, Malaysia and Indonesia bet on space as growth engine

NAGOYA, Japan — Asian countries are betting that the space industry will provide a new engine of growth, as the global economy sputters and government finances become overstretched. A case in point: the Philippines. “We cannot miss this boat,” said Joel Marciano, head of the space program at the Philippine Department of Science and Technology, in an interview with the ... Read More »

Switzerland’s dark business with Ukrainian coal

Pro-Russian separatists are financing their war in Ukraine with coal deliveries to the West. Now the role of Swiss companies in Zug and Geneva is being investigated, according to a reportexternal link in the SonntagsZeitung. Fontus AGexternal link describes itself on its website as a “reliable and responsible supplier of high-grade solid fuels”, selling “coal of Russian and Kazakh production”. ... Read More »

French Manufacturing at Five-Month High in November-PMI

PARIS — French manufacturers saw business pick up at the fastest pace in five months in November, underpinned by improving client demand, a survey showed on Monday. Data compiler IHS Markit said its Purchasing Managers’ Index (PMI) for the manufacturing sector rose to 51.7 from 50.7 in October, marginally better than a preliminary reading of 51.6. The improvement not only ... Read More »

Hong Kong Airlines bosses given five days to save company, leaving 3,500 employees at risk just weeks before Christmas

Hong Kong Airlines bosses have been given five days to save the company, putting 3,500 jobs at risk just weeks before Christmas. The government said on Monday the airline needed to find new cash or last-minute investors, or face having its operating licence suspended or even revoked. In the most serious action taken by the government since the carrier’s financial ... Read More »

Bangladesh a promising destination for FDI

Bangladesh is one of the promising economies with a large domestic market, labour at competitive prices, low utility charges, seaports, long-term tax holiday and easy access to largest regional market like India and China, SAFA President PVS Jagan Mohan Rao said yesterday. The certified management accountant and the leader of the South Asian Federation of Accountants (SAFA) made the comment ... Read More »

M’sian minister says third JB-Singapore bridge to be decided only after congestion research

JOHOR BARU — The much talked-about third bridge linking Malaysia to Singapore will likely be decided only after comprehensive research is carried out to determine its necessity in alleviating traffic congestion coming into Johor, said Malaysia’s home minister on Sunday (Dec 1). Home Minister Tan Sri Muhyiddin Yassin indicated that the Malaysian government hoped to embark on the “holistic research” ... Read More »

Australia launches anti-espionage task force after China spy claims

Australia on Monday launched a high-level intelligence task force to combat what officials say is rampant foreign interference in the country and after claims of bold Chinese spying operations Down Under. Prime Minister Scott Morrison said the new force would involve all the country’s top intelligence agencies “to disrupt and deter anyone attempting to undermine our national interests”. One novelty ... Read More »

Electronics retailer Jumbo expands business in Abu Dhabi

Retailer Jumbo Electronics has launched a new store, regional office, warehouse facilities and service centre as it expands its footprint in Abu Dhabi. Officials from Abu Dhabi Department of Economic Development (DED) have inaugurated the new store at The Galleria Al Maryah Island in Abu Dhabi, its 15th retail store in the UAE and sixth in the UAE capital. Jumbo ... Read More »

‘Not in national interest’: Ministers block foreigners from buying 4500ha of farmland

In a rare rejection of an Overseas Investment Office application, Canadians have been barred from buying more than 4500ha of South Island farmland. Mercury Agriculture LP, 92 per cent controlled by Canadian interests, cannot buy more than 2000ha of South Canterbury and Otago land because it is not in New Zealand’s interests, according to the office decision. Mercury wanted to ... Read More »

Some 738 Thousand Small-scale Businesses to Settle tax Debts

RIO DE JANEIRO, BRAZIL – Around 738,000 micro and small-scale defaulting companies with the ‘Simples Nacional’ – special tax system for small businesses – began to be notified in order to rectify their situation. After the notification is given, taxpayers have up to 30 days to contest the notification or settle the debts, under penalty of being excluded from the ... Read More »

Former top Japan currency envoy Masatsugu Asakawa to lead Asian Development Bank

Former Japanese Vice Finance Minister for International Affairs Masatsugu Asakawa has been selected as the new president of the Asian Development Bank, the organization said Monday. On Jan. 17, the former top currency diplomat will succeed Takehiko Nakao, who has led the ADB since April 2013. Asakawa’s tenure will run through November 2021. The appointment of Asakawa, the sole candidate, ... Read More »