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Tag Archives: news

Kuwait emir meets King Abdullah amid oil row

RIYADH: Kuwaiti emir Sheikh Sabah al-Ahmad al-Sabah held talks Saudi King Abdullah during his visit to the kingdom amid a row between the two Gulf neighbours over a shared offshore oilfield. Both the kings discussed aspects of cooperation between the two brotherly countries along with regional and international affairs, said the official Saudi Press Agency without giving any further details. ... Read More »

Cotton trading booming ahead of Muharram holidays

KARACHI: The cotton trading picked up as a whopping 58 percent or 27,200 (155 kilograms each) surge has been witnessed in the local market. The development came due to huge buying of the commodity by the spinning millers who want to keep their mills functional before and after Muharram holidays (October 3-4). According to reports, there are always issues in ... Read More »

Islamic microfinance forum to take up poverty alleviation

ISLAMABAD: To create new Shariah standards, the two-day Global Islamic Microfinance Forum is scheduled to be held from November 1, in Dubai. The forum will also discuss how to build capacity and empower human resource. According AlHuda CIBE Chief Executive Officer Zubair Mughal, Islamic microfinance is inevitable to eradicate poverty in Muslim world. He pointed out that non-Muslims could also ... Read More »

Pak-US ties on course to trade partnership: US envoy

ISLAMABAD: US Special Representative for Afghanistan and Pakistan Daniel Feldman declared that the ties between Pakistan-US were moving from aid-based to trade-based relationship. Speaking to a group of journalists at the US Embassy, he ruled out extension in Kerry-Lugar legislation under which Washington provided about $5 billion in civilian assistance to Pakistan over the past five years. The Kerry-Lugar-Berman authorisation ... Read More »

Midday: Cyclone Nilofar fears narrow KSE gains

KARACHI: Vagaries including the speculations about Cyclone Nilofar in Arabian Sea triggered panic in the stock market as KSE-100 index lost most of early gains and plunged to 30266 points in the midday trading on Wednesday. However, it managed to hold 41 points or 0.14% of the early gains. Earlier at opening, the Karachi Stock Exchange showed tremendous resilience and ... Read More »

SRO 608: Punjab chambers in unison against tax at retail level

LAHORE: All major chambers and industrial representative bodies of Punjab, through a unanimous resolution, have pledged to fight against taxation at retail level, calling for immediate withdrawal of SRO 608 and extension in tax returns filing date. The resolution was adopted at a meeting convened by the Lahore Chamber of Commerce & Industry. The meeting was convened to discuss Tax ... Read More »

KSE cheers up, gains 93 points

KARACHI: Karachi Stock Exchange shrugged off overnight losses and showed tremendous resilience, taking the KSE-100 index to 30318.06 with a gain of 93.44 points or 0.31% in the early trading on Wednesday. The market opened on a positive note and appeared to have left the overnight marginal losses behind. The trading started at 30225 and the KSE-100 index kept upward ... Read More »

Textile bodies fear massive gas outages

FAISALABAD: The national-level textile industry organisations rang alarm bells and feared massive closure of industries as a result of gas supply cut or reduction in the existing 33 percent gas quota for the textile sector in the upcoming months. Addressing a press conference held by the Pakistan Textile Exporters Association, All Pakistan Textile Mills Association, All Pakistan Textile Processing Mills ... Read More »

Bosan vows make Pakistan largest mango exporter next year

KARACHI: Pakistan will be made the largest mango exporting country next year by maintaining quality of the fruit exported to the world. This was stated by Federal Minister for National Food Security and Research Sikandar Hayat Khan Bosan while addressing an awards distribution ceremony organised by All Pakistan Fruits and Vegetables Exporters, Importers and Merchants Association in collaboration with Plant ... Read More »

FPCCI chief urges boost in trade between Afghanistan and Pakistan

KARACHI: President FPCCI and ECO Chamber of Commerce and Industry, Zakaria Usman, has called for the removal of non-tariff barriers (NTBs) and other obstacles to increase trade and economic cooperation between Pakistan and Afghanistan. He also suggested the formation of a Customs Union between the two countries to remove all in complications in Afghan-Pakistan Transit Trade Agreement (APTTA) can be ... Read More »

Pakistan future hub of trade, commerce in Asia: Ahsan

ISLAMABAD: Federal Minister for Planning, Development and Reforms Ahsan Iqbal said that Pakistan was a future hub of trade, commerce and industry in Asia as it was located in that of the continent. “It is the best time for the foreign investors to invest in Pakistan as the country is rapidly developing and it is becoming stable and peaceful”, he ... Read More »

ANF recovers 138-kg drugs, nails 4 peddlers

ISLAMABAD: The Anti-Narcotics Force (ANF) claimed to have recovered 114 kgs of heroin and 24 kgs of charas besides arresting four drug peddlers including a lady. The ANF conducted raids in various cities including Rawalpindi, Lahore and Peshawar and thwarted attempts to smuggle narcotics. According to the force, the captured drugs worth more than Rs 782 million in international market. ... Read More »

Midday: Bulls keep KSE afloat as stocks widen gains  

KARACHI: It seems the International investors conference going on in Islamabad has boost confidence of the investors at the Karachi Stock Exchange as KSE-100 index continued steadily upward march and increased its gain to 68.92 points or 0.23% to reach 30307.88 points in the midday trading on Tuesday. The stock exchange which opened at overnight closing of 30238 points rallied ... Read More »

Chinese entrepreneurs, bankers conclude Gwadar visit

GWADAR: A 20-member Chinese delegation comprising entrepreneurs, bankers, public representatives including the Mayor of Handan (Hebei Province) paid a 3-day visit to Gwadar. The visit was jointly sponsored by Industrial and Commercial Bank of China (ICBC) and Habib Bank Limited (HBL), which were working on a concept of development of Special Economic Zone (SEZ) in Gwadar. The visit was in ... Read More »

Multan customs seizes smuggled goods worth Rs14.936b

MULTAN: The counter-trafficking performance of the Model Customs Collectorate Multan has improved drastically as it has seized smuggled goods worth Rs 14.936 billion till the month of August of the current fiscal year against the seizure of contraband worth Rs 227 million 2010-11. Giving an account of the past five-year performance of customs anti-smuggling squad, officials said that smuggled goods ... Read More »

Customs foils bid to smuggle Iranian dates, blankets

MULTAN: The Customs Intelligence and Investigation Multan Range have impounded 20,000 kgs of smuggled dates and 400 blankets during a raid here. According to sources in the Custom, the Custom I & I Multan Rang conducted a raid near Dera Ghazi Khan and impounded a truck loaded with Iranian dates (Muzafati). The team also seized 400 smuggled blankets worth Rs800,000. ... Read More »

Tuesday October 07 – Monday October 20, 2014

Customs Today E Paper

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Tuesday September 30 Monday October 06, 2014

Customs Today E Paper

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Midday: Stocks rally, consolidate gains to 173 points

KARACHI: The bulls rallied against bears in Karachi Stock Market as benchmark KSE-100 index consolidate position to continue upwards march and gained 173 points or 0.59 percent to reach 29,556 points in midday trading. Earlier, the market opened at the overnight closing of 29,383 points and showed resilience to offset the bearish trend. The investors remained cautious and vigilant in ... Read More »

Opening: KSE attempts to recoup losses, gains 36 points

KARACHI: The stocks on Tuesday attempted to rein in bear-run and the Karachi Stock Market benchmark KSE-100 index recouped some of the overnight losses by gaining 36 points or 0.13 percent to reach 29,419.91 points in early trading. Earlier, the market opened at the overnight closing of 29,383 points and showed resilience to offset the bearish trend. The investors remained ... Read More »