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KPT ships movement, cargo handling report Dec 1

KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours on Tuesday. SHIPS BERTHED: JBU Opal Tanker Bright Venture Wheat Diyala Container Ship Hyundai Platinum Container Ship Ningbo Express Container Ship DM Emerald Tanker. SHIPS SAILED: Chem New York CMA CGM Orfeo Greenwich Bridge Ital ... Read More »

FBR tells 22 banks their employees must file tax returns

ISLAMABAD: The Federal Board of Revenue (FBR) has written to the managements of 22 banks in Pakistan and told them to ensure their employees file their income tax returns. These banks are AlBaraka Bank (Pakistan) Limited, Bank Alfalah Limited, Citi Bank NA, Faysal Bank Limited, Habib Bank Limited, Industrial and Commercial Bank of China Limited, Meezan Bank Limited, Samba Bank ... Read More »

Quetta Appraisement exceeds CD collection target by 25pc

QUETTA: Collectorate of Customs Appraisement has collected Customs Duty of Rs696 million as against target  of  Rs559 million during November 2020, surpassing the target by 25 percent. Sources told that during the period July-November 2020, the Collectorate has collected customs duty (CD) of Rs3.001 billion as against target of Rs2.346 billion surpassing the target by impressive 28 percent. The collectorate ... Read More »

FIA asked to probe Rs80bn misappropriation in Nandipur power project

ISLAMABAD: Power Division Minister Omar Ayub Khan has said that the previous government had signed expensive energy agreements to generate costly electricity to fill its pockets and ignored refurbishing of the transmission lines. Talking to the media persons along with Special Assistant of the Prime Minister on Petroleum Division Nadeem Babar, Omar Ayub said that due to efforts of the ... Read More »

Anti-rabies vaccine scam: Quetta health DG remanded in NAB custody

QUETTA: An accountability court in Quetta granted on Tuesday 14-day physical remand of Quetta’s director general of health Dr Shakir Baloch and Shaikh Khalifa Bin Zayed Hospital medical superintendent Abdul Ghaffar Baloch in a graft case. The court directed the National Accountability Bureau (NAB) to produce both accused before it upon expiry of their physical remand along with a progress ... Read More »

China hails Pakistan’s participation as special partner at CAEXPO

BEIJING: China has appreciated Pakistan’s participation as a special partner of cooperation in the 17th China-ASEAN Expo (CAEXPO) held in Nanning, Guangxi province of China. According to the Chinese Foreign Ministry spokesperson, the participation shows the country’s sincere wish to strengthen cooperation with China and ASEAN countries. “As you said, this year for the first time, Pakistan was invited as ... Read More »

China factory activity sees fastest growth in decade: survey

BEIJING: Activity in China’s factories expanded at its fastest pace in a decade last month, data showed Tuesday, the latest sign that the world’s number two economy is well on track to recovery from the coronavirus. The purchasing managers index released by Chinese media group Caixin came just a day after official PMI figures showed growth at its fastest in ... Read More »

SBP directs all banks, DFIs to construct ramps at place of business

KARACHI: In order to facilitate persons with disabilities, the State Bank of Pakistan (SBP) has directed all banks/ MFBs/ DFIs to take certain measures to ensure Accessible Banking Infrastructure for persons with disabilities. In this regard, the central bank has decided to make it mandatory for all banks/ MFBs/ DFIs to construct ramps at all newly opened and existing place ... Read More »

FBR surpasses July-Nov collection target by Rs17b

ISLAMABAD: The Federal Board of Revenue (FBR) has achieved its tax collection target for the first five months (July-Nov) of the current fiscal year (FY21). According to sources, the tax department collected Rs1.690 trillion during the July-Nov FY21, which was Rs17bn more than the target set for the period. The overall collection could further increase to Ra1.694 billion after book ... Read More »

Faisalabad ASO impounds smuggled Iranian dry skimmed milk near Kamalpur

FAISALABAD: Collectorate of Customs Anti-Smuggling Organization (ASO) recovered a huge quantity of Iranian dry skimmed milk which was being smuggled from Quetta to Lahore, sources said. The sources said that the total value of the milk is over Rs5 million while the ASO has also detained the truck which was being used to transport the milk. The sources said that ... Read More »

Customs ASO seizes Rs2089.44m smuggled goods, vehicles from July to November

LAHORE: Collectorate of Customs Enforcement and Compliance Anti-Smuggling Organization (ASO) has seized huge quantity of smuggled / non-duty paid goods and vehicles during July,2020 to November, 2020 worth Rs2089.44 million. Sources told that Anti-Smuggling Organization of Customs Collectorate Enforcement & Compliance on the directions of Basit Maqsood Abbasi, Collector of Customs headed by Muteen Alam, Additional Collector, Ali Tauqir, Assistant ... Read More »

Customs court approves charge sheet against Roshan Junejo & others in smuggling of liquor

KARACHI: The Customs Court approved charge sheet against Roshan Junejo, MNA of Pakistan People Party, his Son Ghayas Junejo, Sajawal Junejo, Navaid Yamin, Muhammad Aman Tariq, Rubina Gill, Khurram Dawood, Khurram Hussain Naqvi partner of M/s World Ocean Centre, Muhammad Sohail clearing agent, partner of M/s World Ocean Centre and others, who were nominated in first information report (FIR) for ... Read More »

ADB partners with Punjab govt to support health care PPPs

ISLAMABAD: The Asian Development Bank (ADB) and the Government of Punjab have signed a Memorandum of Understanding (MOU) to jointly promote public-private partnership (PPP) projects in Punjab’s healthcare sector through ADB’s transaction advisory services. The MOU was signed in Lahore by the Head of Public Private Partnership Cell of Planning and Development Board of Punjab Dr Farrukh Naveed and ADB ... Read More »

Quetta Customs seizes smuggle goods, vehicles worth Rs200m

QUETTA: Collectorate of Customs Enforcement and Compliance (E&C) and FC in a joint operation seized foreign smuggled goods and non-customs paid vehicles. According to the customs spokesperson, Collector Irfan Javed received credible information that huge quantity of non-duty paid goods will be smuggled. The customs and the FC jointly recovered foreign goods from different vehicles at Lakpass. In which cloth, ... Read More »

LPG price increased by Rs2 per kg

ISLAMABAD: Liquefied Petroleum Gas (LPG) price has been increased by Rs2 per kg for the month of December 2020. According to the notification issued by the Oil and Gas Regulatory Authority (OGRA), the price of domestic LPG cylinder has been increased by Rs23 and commercial cylinder by Rs88. According to the notification, LPG will now be sold at Rs132 per ... Read More »

Proposed investment policy to provide incentives in attracting maximum FDI

FAISALABAD: Foreign Direct Investment (FDI) is imperative for comprehensive, organized and sustainable industrial growth and the proposed Investment Policy-2020 will provide much needed incentives and confidence building measures to attract maximum FDI, said Engineer Ihtasham Javed President Faisalabad Chamber of Commerce & Industry (FCCI). He was addressing a 2-day digital conference organized by the Executive Development Institute (EDI) of the ... Read More »

PSX gains 262 points despite early day losses

KARACHI: The stock exchange gained 262 points on Monday after making recovery from early day losses. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,069 points as against 40,807 points showing an increase 262 points. Analysts at Arif Habib Limited said that the market opened on a negative note with -24 points and slipped a total of ... Read More »

Gold price drops by Rs800 in Pakistan

KARACHI: The price of gold dropped by Rs800 per tola in the domestic market on Monday. A tola of yellow metal reached Rs109,000, according to rates shared by Chairman of the All Pakistan Jewelers Manufacturers Association Muhammad Arshad. Similarly, the rate of 10 grams of gold dropped by Rs685 to Rs93,449. According to Reuters, the international market saw gold sliding ... Read More »

Govt urged to launch digital market policy to compete with int’l markets

RAWALPINDI: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has asked the government to also launch a digital market policy after consultation with stakeholders so that business-to-business (B2B) and business-to-consumer (B2C) business can be catered in addition to spurring exports in a post-pandemic world. The request was made by PRGMEA Central Chairman Sohail A. Sheikh and Chief Coordinator Ijaz ... Read More »

Mian Aslam Iqbal suspends audit notices issued to textile millers

LAHORE: Punjab Minister for Industries and Trade Mian Muhammad Aslam Iqbal has suspended audit notices issued by the Social Security Department due to the ongoing Covid-19 pandemic. He announced this in a meeting with a delegation of All Pakistan Textile Mills Association (APTMA) headed by its Central Chairman Adil Bashir. APTMA Northern Zone Chairman Abdul Rahim Nasir and APTMA Executive ... Read More »

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