Business community demands Pakistan Customs to launch Authorized Economic Operator certification

KARACHI: The business community has demanded Pakistan Customs of launching Authorized Economic Operators (AEO) certification program, which will enable business and industrial units to become trustworthy member of international supply chain. Read more »

New concessional list should be considered under Pakistan, Malaysia FTA

KARACHI: Consul General of Malaysia Khairul Nazran Abd Rahman has said that Malaysia and Pakistan need to agree upon on a new concessional list under the existing Free Trade Agreement (FTA). Read more »

Stock market gains 198 points in mixed trading

KARACHI: The stock market gained 198 points on Wednesday in mixed trading sessions. Read more »

Rupee gains four paisas on improved economic sentiments

KARACHI: The Pak Rupee gained four paisas against dollar on Wednesday owing to inflows of export receipts and improved economic sentiments. Read more »

SBP directs banks to verify trade price before approving import, export forms

KARACHI: State Bank of Pakistan (SBP) has directed banks, exchange companies to verify trade prices before approving import or exports forms. Read more »

Attock Petroleum posts 21 percent decline in after tax profit

KARACHI: Attock Petroleum Limited has posted 21 percent decline in its after tax profit to Rs1.22 billion for the quarter ended September 30, 2019 as compared with Rs1.54 billion in the corresponding... Read more »

Pakistan’s exchange rate reflecting actual economic conditions: IMF

KARACHI: International Monetary Fund (IMF) on Wednesday said that exchange rate in Pakistan reflecting actual economic conditions. Read more »

Open account, advance payments considered as higher risk transactions for trade based money laundering

KARACHI: State Bank of Pakistan (SBP) has advised financial institutions dealing foreign exchange to enhance due diligence on higher risk transactions to stop trade based money laundering. Read more »

Customs to secure deferential duty, taxes on provisional assessment

KARACHI: Importers are liable to deposit bank guarantee against deferential amount assessed provisionally by customs authorities on those consignments, which required further examination. Read more »