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Punjab Food Authority seizes 56,772-litre spurious soft drinks

LAHORE: Punjab Food Authority (PFA) has unearthed two fake carbonated making factories and confiscated 56,772 litres of spurious soft drinks in two different raids conducted in the area of Wagah and Halloki here on Wednesday. The raids were conducted under the supervision of PFA Director General Muhammad Usman. He said PFA registered a case and handed over adulterators to police ... Read More »

Court approves exemption plea of Raja Pervaiz Ashraf in Gepco case

LAHORE: An Accountability Court of Lahore on Wednesday approved the exemption plea filed by former prime minister Raja Pervaiz Ashraf in Gujranwala Electric Power Company (Gepco) illegal appointments case. Two other suspects into the case who failed to comply court’s orders of summoning were issued bailable arrest warrants. During the hearing, Raja’s lawyer apprised the court that his client will ... Read More »

Govt taking measures to enhance exports: Razak Dawood

LAHORE: Advisor to Prime Minister on Commerce, Textiles, Industries Production and Investment, Abdul Razak Dawood Wednesday said that the incumbent government is taking all possible measures to promote regional trade and export-led growth of economy including furniture to bring the country out of the quagmire of the multiple crises. He expressed these views while talking to PFC Chief Executive Mian ... Read More »

NAB arrests three more in mines case after Sibtain Khan

LAHORE: National Accountability Bureau (NAB) on Tuesday arrested three more accused in Chiniot mines and minerals case. On Friday, NAB arrested Pakistan Teheek-e-Insaf (PTI) member provincial assembly and Minister of Punjab for Forestry, Wildlife and Fisheries Mohammad Sibtain Khan in the same case. The allegation being probed by NAB is about awarding illegal contracts amounting to billions of rupees in ... Read More »

FBR to hold “Asset Declaration Scheme 2019” seminars

LAHORE: Federal Board of Revenue (FBR) Corporate Regional Tax Office (CRTO) has started awareness campaign on “Asset Declaration Scheme 2019”. According to details, Regional Tax Office (CRTO) asset declaration team comprising Deputy Commissioner Umer Zeb Khan and others under the leadership of Commissioner Syeda Noreen Zahara has started sensitization on the Asset Declaration Scheme 2019. In this regard the team ... Read More »

New approver emerges in money laundering case against Hamza Shahbaz

LAHORE: Another accused in the money laundering case against Hamza Shahbaz and his family has agreed to become an approver in the case. Yasir Mushtaq, the son of Mushtaq Chini, recorded his statement before a magistrate in Lahore. Meanwhile, a statement of Mushtaq Chini also surfaced in which he revealed several facts. He said they dealt in the sugar business ... Read More »

LHC rejects bail pleas of Khawaja Saad & Salman Rafique

LAHORE: The Lahore High Court (LHC) on Tuesday rejected the bail petitions of incarcerated Pakistan Muslim League-Nawaz (PML-N) leaders, Khawaja Saad Rafique and his brother Khawaja Salman Rafique. A two-member bench, headed by Justice Baqir Najafi, announced the verdict. The PML-N stalwarts are chief suspects in Paragon Housing Society reference, filed by the National Accountability Bureau (NAB) earlier this year. ... Read More »

Punjab govt to increase metro bus fare to Rs30 from July 1

LAHORE: The Punjab government has decided to increase the metro bus service fare in Lahore and Rawalpindi from Rs20 to Rs30. The increase will be implemented in July with the start of the new fiscal year. A senior Punjab Masstransit Authority (PMA) official told media that the provincial government was giving the PMA a Rs1.9 billion annual subsidy to keep ... Read More »

CAA extends partial airspace ban till June 28

LAHORE: Pakistan has extended the restriction on its airspace for flights to India until June 28. The Civil Aviation Authority (CAA) had earlier restricted overfly and transit on Pakistani air space until June 15. After the suspension on overfly operations, flights from Lahore to Delhi, Bangkok, Kuala Lumpur, Sri Lanka and Urumqi were cancelled. Pakistan closed down its eastern airspace ... Read More »

Punjab targets new services to raise revenues

LAHORE: The Punjab government, in the first full-fledged budget under the Pakistan Tehreek-e-Insaf administration, has focused on increasing provincial revenues by imposing taxes on more services. Ten new services have been proposed to be added to the provincial taxation network, most of which were never considered by previous governments. For the next fiscal year, the Punjab government expects general revenue ... Read More »

Punjab’s Minister for Forestry, Wildlife & Fisheries Sibtain Khan  arrested by NAB

LAHORE: Provincial Minister for Forestry, Wildlife and Fisheries Punjab Sibtain Khan was arrested on Friday by the National Accountability Bureau (NAB) in connection with corruption charges, media reported. The PTI minister was allegedly involved in distributing illegal tenders in his ministry. NAB will present him in the accountability court tomorrow. Sibtain belongs to Mianwali, the constituency of Prime Minister Imran ... Read More »

Punjab govt presents Rs2.3tr  budget for FY2019-20

LAHORE: Provincial Finance Minister Makhdoom Hashim Jawan Bakhat presented the Punjab budget for financial year 2019-20 with a total outlay of Rs 2.3 trillion in the Punjab Assembly on Friday. Giving a break-up of the budget during his speech in the house, the minister said that the general revenue receipts for FY 2019-20 were estimated at Rs1,990 billion, while the ... Read More »

Punjab govt to present budget today

LAHORE: The Punjab government will present their financial budgets for the year 2019-20 today. Punjab Finance Minister Hashim Jawan Bakht will present the budget in the provincial assembly According to sources, Punjab’s financial budget for the year is Rs2,550 billion out of which Rs350 billion have been allocated for development projects and Rs2,200 billion for non-developmental projects. Sources further said ... Read More »

Customs Preventive busts smuggled cloth worth Rs100m from Delhi Gate

LAHORE: Collectorate of Preventive recovered huge quantity of smuggled cloth worth Rs100 million in a successful raid. According to the details, in pursuance of policy lines given by Chairman Federal Board of Revenue (FBR) Shabbar Raza Zaidi and the directives of the Member Customs Operations Jawwad Owais Agha, Customs Preventive has intensified the information based operations against transportation and trade ... Read More »

Accountability Court adjourns hearing of Paragon Housing scam till June 27

LAHORE: An accountability court on Thursday adjourned the hearing of Paragon Housing Society scandal against Khawaja brothers till June 27. During the hearing on 13.6.2019, both the brothers and leaders of Pakistan Muslim League-Nawaz (PML-N) Khawaja Saad Rafique and Salman Rafique were produced in the court by the National Accountability Bureau (NAB). The court shows anger over delaying in the ... Read More »

DGTR holds training sessions of Customs Central Region

LAHORE: The Directorate General of Training& Research (Customs), Regional Office, organized three training sessions on diversified topics for officers and officials of the customs department posted in Central Region during the last two months. A training session on “Pakistan’s Anti-Money Laundering Apparatus and Current Challenges” was held on April 12, 2019. The session was conducted by Director (In-service training), NPA ... Read More »

Accountability Court approves 14-day physical remand of Hamza Shehbaz

LAHORE: An accountability court on Wednesday granted the National Accountability Bureau (NAB) 14-day physical remand of Opposition Leader in the Punjab Assembly Hamza Shehbaz. Hamza who was arrested by National Accountability Bureau (NAB) on Tuesday after the Lahore High Court rejected his interim bail in the Ramzan Sugar Mills and money laundering cases was presented by the accountability watchdog team ... Read More »

Hamza Shahbaz arrested by NAB as plea for bail extension dismissed

LAHORE: The National Accountability Bureau (NAB) has arrested Leader of the Opposition in the Punjab Assembly Hamza Shahbaz from inside the Lahore High Court (LHC) in two cases regarding money laundering and holding assets beyond means, according to media. A NAB team has left the court with Hamza, who is being taken to the Thokar Niaz Baig offices of the ... Read More »

PFC seeks industrial status for enhancement in exports

LAHORE: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq has urged the government to award furniture sector the status of an industry so that exports of the sector could be enhanced and a reasonable foreign exchange could be fetched for the country. Presiding over a meeting of the board of directors on Monday, he asked the government to provide ... Read More »

Punjab govt set to impose new taxes in budget

LAHORE: The Punjab government is mulling to impose new taxes on the people and suggestions to collect property tax from motorways and restaurants have surfaced on media, according to reports. The Punjab government has prepared the documents to impose taxes of Rs25 to 30 billion in next fiscal year. According to reports, the government is mulling to increase agriculture income ... Read More »