April 19, 2024

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Pakistan Revenue

Day: July 3, 2020

Customs to allow provisional release in ADD case
Jul 3
Taxation

Customs to allow provisional release in ADD case

ISLAMABAD: The customs authorities shall allow provisional release of goods on bank guarantee where levy of anti-dumping duty (ADD) challenged in court of law. Through Finance Act, 2020 applicable from July 01, 2020 amendment has been made in Anti-Dumping Duties Act, 2015. As per the amendment: “ … where a competent court of law has […]

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Trade deficit narrows by 27pc in 2019/2020
Jul 3
Finance

Trade deficit narrows by 27pc in 2019/2020

ISLAMABAD: Pakistan’s trade deficit narrowed by 27 percent to $23.18 billion in fiscal year 2019/2020 as against the deficit of $31.8 billion in the preceding fiscal year, Pakistan Bureau of Statistics (PBS) said on Friday. The import bill of the country significantly declined by 18.61 percent to $44.57 billion during July – June 2019/2020 as […]

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Meezan Bank’s Shariah Board approves guidelines for COVID related refinance schemes
Jul 3
Money & Banking

Meezan Bank’s Shariah Board approves guidelines for COVID related refinance schemes

KARACHI: Meezan Bank’s Shariah Supervisory Board (SSB) has approved guidelines for COVID-19 related refinance schemes intended to provide relief to businesses and individuals during these challenging times. In the 47th meeting of Meezan Bank’s Shariah Supervisory Board (SSB) was recently held as an online event, with the goal of preventing contagion and staying consistent with […]

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Competition Commission approves 59 mergers, acquisitions in 2019/2020
Jul 3
Stock & Commodity

Competition Commission approves 59 mergers, acquisitions in 2019/2020

ISLAMABAD: The Competition Commission of Pakistan (CCP) has processed and granted approval to 59 merger and acquisition applications during fiscal year 2019-2020, against the annual target of 50, showing the CCP’s promising performance to facilitate the local and foreign investors despite the limitations caused by COVID-19 pandemic. A statement issued on Thursday out of the […]

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