Pakistan, China agree to expedite customs clearance through green corridor

ISLAMABAD: Pakistan and Chinese customs authorities have agreed to expedite clearance of agriculture products under proposed green corridor at Sost-Khunjarab Border. Read more »

Tax exemption available on ‘profit on debt’ if security issued outside Pakistan

KARACHI: Tax exemption is available to profit on debt where security issued outside Pakistan for raising loan. Read more »

Intelligence discovery of around Rs1bn evasion raises question on customs collectorates performance

KARACHI: Performance of customs officials in clearance of imported has become questionable following back to back detection of around Rs1 billion by intelligence wing. Read more »

Stock market declines by 133 points on selling pressure

KARACHI: The stock market ended down by 133 points on Wednesday owing to selling pressure witnessed during the day. Read more »

Rupee ends unchanged in range bound trading

KARACHI: The Pak Rupee ended unchanged on Wednesday in range bound trading activities, currency dealers said. Read more »

Customs intelligence recovers Rs221.7 million from OGDCL for claiming wrong exemption

KARACHI: Directorate of Customs Intelligence and Investigation, Karachi has recovered Rs221.7 million from Oil and Gas Development Company Limited (OGDCL) against avoiding payment of duty and taxes on import of seamless pipes. Read more »

SBP imposes Rs1.35 billion as monetary penalty on commercial banks

KARACHI: State Bank of Pakistan (SBP) has imposed monetary penalty to the tune of Rs1.35 billion on commercial banks in five months for violating regulatory environment. Read more »

Ministry’s approval must for liquor import for diplomatic bonded warehouse

KARACHI: The Import permission from Ministry of Commerce is necessary for the import of liquor for a diplomatic bonded warehouse. Read more »