Jul 30

Pakistan Customs makes seizure of smuggled goods worth Rs3.8 billion in July

ISLAMABAD: Pakistan Customs has made seizure of smuggled goods worth Rs3.8 billion during the month of July 2020, which is 143 percent higher than the same month of the last year, a statement said on Thursday. Pakistan Customs made historic seizures of smuggled goods during the month of July 2020 including gutka, betel nuts, skimmed […]

by Mrs. Anjum Shahnawaz

Revenue collection registers 27pc growth in first month of 2020/2021

Jul 30

Taxation

Revenue collection registers 27pc growth in first month of 2020/2021

ISLAMABAD: Federal Board of Revenue (FBR) has started the fiscal year 2020/2020 with 27 percent growth in revenue collection for July 2020. The FBR collected Rs300 billion in July 2020 as compared with Rs236 billion in the same month of the last year, according to provisional figures released by the FBR on Thursday. Another significance […]

by Mrs. Anjum Shahnawaz

FBR suspends 41 customs officials under disciplinary action

Jul 30

Pakistan Customs

FBR suspends 41 customs officials under disciplinary action

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday suspended 41 officials of Pakistan Customs Department for a period of three months with immediate effect. Following inspectors of BS-16 have been suspended: S.# Names & Designation Present Posting 1 Rehamtullah Khan, Inspector MCC, (E&C), Quetta 2 Shehzada Aamir, Inspector MCC, (E&C), Quetta 3 Mehmood -ul-Hassan, Inspector […]

by Mrs. Anjum Shahnawaz

Jul 30

Taxation

FBR transfers IRS officers of BS-16-20

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified transfers and postings of BS-16 to BS-20 officers of Inland Revenue Service (IRS) with immediate effect and until further orders. The FBR notified transfers and postings of following officers: 01. Mohammed Nasser Janjua (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (IR-Analysis) (IR-Operations Wing) […]

by Mrs. Anjum Shahnawaz

FBR reshuffles BS-19-20 customs officers

Jul 30

Pakistan Customs

FBR reshuffles BS-19-20 customs officers

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday announced major reshuffle and notified transfers and postings of senior Customs officers of BS-19 and BS-20 with immediate effect and until further orders. The FBR notified transfers and posting of following officers of Pakistan Customs Service (PCS): 01. Muhammad Asghar Khan (Pakistan Customs Service/BS-20) has been transferred […]

by Mrs. Anjum Shahnawaz

Jul 30

IT & Telecom

PTA lifts ban on PUBG

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Thursday lifted ban on PUBG game after a meeting with representative of the company. The PTA in a statement said that a meeting was held between PTA and legal representatives of Proxima Beta Pte Ltd (PB). The PB representatives briefed the authority on response to queries raised by the […]

by Mrs. Anjum Shahnawaz

FBR offices to observe normal office timings after Eid holidays

Jul 30

Taxation

FBR offices to observe normal office timings after Eid holidays

KARACHI: The offices of Inland Revenue and Pakistan Customs shall observe normal working hours (9:00am to 5:00pm) after the Eid holidays, a notification said on Thursday. The FBR directed all field formations that all offices of the federal government will revert to normal office timings i.e. 9:00 am to 5:00pm immediately after Eid holidays i.e. […]

by Mrs. Anjum Shahnawaz

Country foreign exchange reserves eases to $18.912 billion

Jul 30

Finance

Country foreign exchange reserves eases to $18.912 billion

KARACHI: The liquid foreign exchange reserves of the country eased by $135 million to $18.912 billion by week ended July 23, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves were at $19.047 billion by week ended July 17, 2020. The foreign exchange reserves held by the central bank also fell […]

by Mrs. Anjum Shahnawaz

Stock market gains 422 points ahead Eid holidays

Jul 30

Stock & Commodity

Stock market gains 422 points ahead Eid holidays

KARACHI: The stock market gained 422 points on Thursday on the last trading day ahead of Eid holidays. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,258 points as against 38,836 points showing an increase of 422 points. Analysts at Arif Habib Limited said that the market opened on a positive note […]

by Mrs. Anjum Shahnawaz

Pakistan’s GDP growth contraction not severe as expected globally: SBP

Jul 30

Finance

Pakistan’s GDP growth contraction not severe as expected globally: SBP

KARACHI: The scale of the COVID-19 shock is underscored by the fact that for the first time in 68 years, as per the provisional estimates, Pakistan’s real GDP growth is set to contract in FY20. “At 0.4 percent, this contraction is not as severe as that expected in most parts of the world due to […]

by Mrs. Anjum Shahnawaz