Author: Mrs. Anjum Shahnawaz

  • Weekly Review: Stock market likely range bound on monetary policy announcement

    Weekly Review: Stock market likely range bound on monetary policy announcement

    KARACHI: The stock market to remain range bound next week. Investors are expected to have a cautious stance keeping in view monetary policy announcement on July 16, 2019, analysts at Arif Habib Limited said.

    The analysts said that the State Bank of Pakistan (SBP) may increase a 100 basis points in view of aggravating inflationary pressure.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) was commenced on a negative note during the current week.

    The lackluster attitude prevailed amid bleak near-term macro-economic outlook following release of IMF staff report. Additionally, apprehensions with regards to issue of Sukuk bonds for circular debt resolution kept the momentum suppressed.

    With SBP announcing the date for monetary policy on the last day of the week, the investor sentiment further deteriorated. The local bourse closed at 33,672, shedding off 518 points.

    Sector-wise negative contributions came from i) Commercial Banks (81 points), ii) Power Generation & Distribution (77 points), iii) Oil & Gas Marketing Companies (53 points), iv) Automobile Assembler (53 points), and v) Cement (50 points).

    Scrip-wise negative contributions came from HUBC (53 points), PSO (37 points), BAHL (29 points), DGKC (24 points) and INDU (21 points). On the other hand, positive scrip-wise contributions came from FFC (34 points), DAWH (16 points), and EFERT (5 points).

    Foreign buying was witnessed this week clocking-in at USD 5.91 million compared to a net buy of USD 5.92 million last week. Buying was witnessed in Cement (USD 3.0 million) and Power Generation& Distribution (USD 2.3 million). On the domestic front, major selling was reported by Companies (USD 7.6 million) and Mutual Funds (USD 5.3 million).

    Average Volumes settled at 51 million shares (down by 41 percent WoW) while value traded clocked-in at USD 13 million (down by 36 percent WoW).

  • FBR taking all measures to broaden tax base: Shabbar Zaidi

    FBR taking all measures to broaden tax base: Shabbar Zaidi

    Syed Shabbar Zaidi, Chairman of the Federal Board of Revenue (FBR), addressed the media on Friday, affirming the government’s commitment to expanding the tax base while ensuring that no sector of the economy is unduly burdened.

    (more…)
  • Fresh audits of PIA, Pakistan Steel to be conducted for transparency

    Fresh audits of PIA, Pakistan Steel to be conducted for transparency

    KARACHI: The federal government will conduct fresh audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) in order to ensure transparency in state-owned enterprises (SOE).

    The audits would be initiated for improving SOE governance, transparency and efficiency.

    The federal government will make public the outcome of the audits by December 2019, which was agreed by Pakistani authorities with the International Monetary Fund (IMF).

    The have approved the privatization of seven companies based on their good privatization prospects. They will follow best practices regarding the process and conditions of privatization to ensure a successful and transparent outcome.

    The government will sort SOEs into companies for sale, liquidation, or retaining under state ownership. This has to be done by end-September 2020.

    Further the government will submit to parliament a new State-Owned Enterprise Law by end-September 2020 aimed at modernizing and clearly defining the role of the State as owner, regulator, and shareholder of SOEs.

    In this context, the recently established holding company to manage SOEs will follow the required governance and transparency principles in line with international best practices.

    The IMF will provide technical assistance to support the development of this law and to review ownership arrangements with a view to designing an effective ownership model.

    Pakistan has assured the IMF of taking measures for improvement of the economy, which included:

    — Commit to not grant further tax amnesties Continuous

    — Issue licenses for the track-and-trace system for excises on cigarettes end-September 2019

    — Adopt measures to strengthen the effectiveness of the AML/CFT framework to support the country’s efforts to exit end-October 2019 the Financial Action Task Force list of jurisdictions with serious deficiencies

    — Submit to parliament, in consultation with IMF staff, amendments to the State Bank of Pakistan Act to address all end-December 2019 recommendations of the new 2019 Safeguards Assessment Report and the 2016 Technical Assistance Report on Central Bank Law Reform.

    — Notify the FY 2020 electricity tariff schedule as determined by the regulator end-September 2019

    — Prepare a comprehensive circular debt reduction plan in collaboration with international partners (para. 19 MEFP) end-September 2019

    — Submit to parliament amendments to the NEPRA Act to (i) ensure full automaticity of the quarterly tariff end-December 2019 adjustments and (ii) eliminate the gap between the regular annual tariff determination and notification by the government

  • FBR notifies transfers, postings of 503 principal appraisers, appraising officers in major reshuffle

    FBR notifies transfers, postings of 503 principal appraisers, appraising officers in major reshuffle

    ISLAMABAD: Federal Board of Revenue (FBR) on Friday made huge reshuffle in Pakistan Customs Service (PCS) by notifying transfer and posting of 503 officers including principal appraisers, appraising officers and valuation officers with immediate effect.

    Following officers have been transferred and posted in major reshuffle:

     S.# Name Designation From To
     

     

    1.

     

    Kanwar SalahuddinPrincipal AppraiserMCC, Appraisement LHRMCC, Multan
     

     

    2.

     

    Javed JaffarPrincipal AppraiserMCC, Appraisement LHRMCC, Islamabad
     

     

    3.

     

    Humayun MukhtarPrincipal AppraiserMCC, Appraisement LHRMCC, Islamabad
     

     

    4.

     

    Mahmood Ahmad KhanPrincipal AppraiserMCC, MultanMCC, Appraisement LHR
     

     

    5.

     

    Muhammad Tahir KhanPrincipal AppraiserMCC IslamabadMCC, Appraisement LHR
     

     

    6.

     

    Muhammad AfzalAppraising OfficerMCC, SialkotMCC, Preventive, LHR
     

     

    7.

     

    Abdul HameedAppraising OfficerMCC, SialkotMCC, Preventive, LHR
     

     

    8.

     

    Atif HanifAppraising OfficerMCC, SialkotMCC, Faisalabad
     

     

    9.

     

    Sarfraz AhmadAppraising OfficerMCC, Preventive, LHRMCC, Sialkot
     

     

    10.

     

    Naveed Iqbal CheemaAppraising OfficerMCC, Preventive, LHRMCC, Sialkot
     

     

    11.

     

    Shafqat RasoolAppraising OfficerMCC, FaisalabadMCC, Sialkot
     

     

    12.

     

    Mr. Muhammad Hanif AbidAppraising OfficerMCC, MultanMCC, Faisalabad
     

     

    13.

     

    Mr. Imran Ali QureshiAppraising OfficerMCC, MultanMCC, Faisalabad
     

     

    14.

     

    Mr. Muhammad IshaqAppraising OfficerMCC, MultanMCC, Faisalabad
     

     

    15.

     

    Abdul Shakoor KhanSuperintendentMCC, Preventive, LHRMCC, Faisalabad
     

     

    16.

     

    Agha Qadeer Haider QizibashSuperintendentMCC, Preventive, LHRDte of I&I-Customs, LHR
     

     

    17.

     

    Saif UllahSuperintendentDte of I&I-Customs, LHRMCC, Preventive, LHR
     

     

    18.

     

    Dilawar HussainSuperintendentMCC, FaisalabadMCC, Preventive, LHR
     

     

    19.

     

    Ms. Nighat JabheenSuperintendentMCC HyderabadDte. of I&I-Customs, Hyderabad
     

     

    20.

     

    Mr. Khudadad MokalInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    21.

     

    Khawaja Hur AbbasInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    22.

     

    Mr. M. Saleem SafdarInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    23.

     

    Mr. Irshad AhmadInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    24.

     

    Mr. Muhammad Aslam NiamatInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    25.

     

    Mr. Muhammad Ashfaq RajaInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    26.

     

    Mr. Tanveer Ahmad VirkInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    27.

     

    Mr. Shahid MubashirInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    28.

     

    Mr. Shahzad IshaqInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    29.

     

    Mr. Amjad Hussain JafriInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    30.

     

    Mr. Farrukh AminInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    31.

     

    Mr. Hassan MahmoodInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    32.

     

    Mr. Aamir JillaniInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    33.

     

    Mr. Afzal MahmoodInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    34.

     

    Mr. Tariq QayyumInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    35.

     

    Mr. M. Saeed AkhtarInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    36.

     

    Mr. Iftikhar AhmadInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    37.

     

    Mr. Irtaza ShahidInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    38.

     

    M. Naveed ShoukatInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    39.

     

    Mrs. Alia BatoolInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    40.

     

    Mr. Arif NaveedInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    41.

     

    Mr. Muhammad RaweemInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    42.

     

    Mr. Imtiaz Sadiq ButtInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    43.

     

    Mr. Muhammad Afzal DogarInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    44.

     

    Rao Waqar Ahmad KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    45.

     

    Mr. Zakir HussainInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    46.

     

    Mr. Zahid RazaInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    47.

     

    Mr . Khalid Pervaiz JanjuaInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    48.

     

    Mr . Waheed-uz-ZamanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    49.

     

    Mr . Tallat Masood SiddiquiInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    50.

     

    Mr . Farooq AhmadInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    51.

     

    Mr . Moazzam Sultan KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    52.

     

    Mr . Salman HussainInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    53.

     

    Mr . Sajjad Hussain JaffariInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    54.

     

    Mr . Shahid Mahboob KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    55.

     

    Mr . Iqbal Hussain SiddiquiInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    56.

     

    Mr . M. Ismail SuharworthyInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    57.

     

    Mr . Rauf Ahmad KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    58.

     

    Sy ed Naumah AliInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    59.

     

    Mr . Muhammad Zafar KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    60.

     

    Mr s. Raisa SultanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    61.

     

    Mr . Jamshaid ShoukatInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    62.

     

    Sy ed Tauqir Hussain ShahInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    63.

     

    Mr . Sohail Murtaza KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    64.

     

    Mr . Imtiaz HussainInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    65.

     

    Mr . Musharraf HussainInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    66.

     

    Mr . Nadeem AhmadInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    67.

     

    Mr . Muhammad KhalidInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    68.

     

    Mr . Muhammad Moazzam KhanInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    69.

     

    Mr . Shahid Ali, InspectorInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    70.

     

    Mr . Raza Ali Khan SiyalInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    71.

     

    Mr . Asghar AliInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    72.

     

    Mr . Muhammad ArshadInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    73.

     

    Ma lik Muhammad IdreesInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    74.

     

    Mr . Jamshed AliInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    75.

     

    Mr . Asim Khan LodhiInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    76.

     

    Mr . Riasat Ali lavedInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    77.

     

    Mr . Muhammad IshtiaqInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    78.

     

    Sy ed Asim Abbas ZaidiInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    79.

     

    Mr . Muhammad Fayyaz s/o Allah RakkhaInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    80.

     

    Mr . Muhammad Asghar ChatthaInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    81.

     

    Mr . Zahid IkhlaqInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    82.

     

    Mr . Gulraiz HussainInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    83.

     

    Mr . Maqsood Ahmad ButtInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    84.

     

    Mr . Abdul RashidInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    85.

     

    Ms . Safana Bashir (BS-14)

     

    (P.Ms Assistance Package)

    InspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    86.

     

    Mr . M. Sarfraz Ahmed ShadInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    87.

     

    Mr . Muhammad Yaqoob ChInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    88.

     

    Mr . Kashif AliInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    89.

     

    Mia n ZulqarnainInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    90.

     

    Mr . Ghulam NasirInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    91.

     

    Mr s. Farah NoorInspectorMCC, Appraisement LHRMCC Preventive, LHR
     

     

    92.

     

    Mr . Muhammad Ashraf AliInspectorMCC, Appraisement LHRDOT, Customs, LHR
     

     

    93.

     

    Ma zhar Abbas BhuttarDy SuperintendentMCC Preventive, LHRMCC, Multan
     

     

    94.

     

    Ma sood Sadiq TarrarInspectorMCC Preventive, LHRMCC, Multan
     

     

    95.

     

    Ma nsab Ali DogarInspectorMCC Preventive, LHRMCC, Multan
     

     

    96.

     

    Ba bar RehmanInspectorMCC Preventive, LHRMCC, Multan
     

     

    97.

     

    M. Maqsood Khalid SheikhInspectorMCC Preventive, LHRMCC, Multan
     

     

    98.

     

    Mu hammad Azhar ZaheerInspectorMCC Preventive, LHRMCC, Multan
     

     

    99.

     

    Jav aid Iqbal ButtInspectorMCC Preventive, LHRMCC, Multan
     

     

    100.

     

    Ra na Muhammad SadiqInspectorMCC Preventive, LHRMCC, Multan
     

     

    101.

     

    Ma hmood TippuInspectorMCC Preventive, LHRMCC, Multan
     

     

    102.

     

    Ma zhar ul HaqInspectorMCC Preventive, LHRMCC, Multan
     

     

    103.

     

    Mir za Mazhar Masood BaigInspectorMCC Preventive, LHRMCC, Multan
     

     

    104.

     

    Sy ed Riffat AliInspectorMCC Preventive, LHRMCC, Multan
     

     

    105.

     

    Att a Ur Rehman TariqInspectorMCC Preventive, LHRMCC, Multan
     

     

    106.

     

    Sa leem Ahmad MalikInspectorMCC Preventive, LHRMCC, Multan
     

     

    107.

     

    As ad KhanInspectorMCC Preventive, LHRMCC, Multan
     

     

    108.

     

    Mu hammad Ashfaq ParachaInspectorMCC Preventive, LHRMCC, Multan
     

     

    109.

     

    Sik andar Idrees BajwaInspectorMCC Preventive, LHRMCC, Multan
     

     

    110.

     

    Ra i Sakhawat AliInspectorMCC Preventive, LHRMCC, Multan
     

     

    111.

     

    Ra i Khalid JavedInspectorMCC Preventive, LHRMCC, Multan
     

     

    112.

     

    As hfaq AhmadInspectorMCC Preventive, LHRMCC, Multan
     

     

    113.

     

    Mu hammad Ashraf QaziInspectorMCC Preventive, LHRMCC, Multan
     

     

    114.

     

    Mu hammad Asghar PurewalInspectorMCC Preventive, LHRMCC, Multan
     

     

    115.

     

    Sh ahid KhanInspectorMCC Preventive, LHRMCC, Multan
     

     

    116.

     

    Mu ghal-e-AzamInspectorMCC Preventive, LHRMCC, Multan
     

     

    117.

     

    Mu hammad Abid ShafiqueInspectorMCC Preventive, LHRMCC, Multan
     

     

    118.

     

    Mu hammad AfzalInspectorMCC Preventive, LHRMCC, Multan
     

     

    119.

     

    Za far Iqbal JootahInspectorMCC Preventive, LHRMCC, Multan
     

     

    120.

     

    Mu hammad RasheedInspectorMCC Preventive, LHRMCC, Multan
     

     

    121.

     

    Go har NazirInspectorMCC Preventive, LHRMCC, Multan
     

     

    122.

     

    Jam shaid Ahmad KhanInspectorMCC Preventive, LHRMCC, Multan
     

     

    123.

     

    Iqb al Ahmad BaigInspectorMCC Preventive, LHRMCC, Multan
     

     

    124.

     

    Ha fiz Muhammad MubasharInspectorMCC Preventive, LHRMCC, Multan
     

     

    125.

     

    As ghar AliInspectorMCC Preventive, LHRMCC, Multan
     

     

    126.

     

    Mu hammad NaeemInspectorMCC Preventive, LHRMCC, Multan
     

     

    127.

     

    Mu jahid KhanInspectorMCC Preventive, LHRMCC, Multan
     

     

    128.

     

    Fa rooq AslamInspectorMCC Preventive, LHRMCC, Multan
     

     

    129.

     

    Gu lzar HussainInspectorMCC Preventive, LHRMCC, Multan
     

     

    130.

     

    Mu hammad Irfan AhmadInspectorMCC Preventive, LHRMCC, Multan
     

     

    131.

     

    Mu hammad Saeed SabirInspectorMCC Preventive, LHRMCC, Multan
     

     

    132.

     

    Ta riq BaigInspectorMCC Preventive, LHRMCC, Multan
     

     

    133.

     

    Gh azanfar AbbasInspectorMCC Preventive, LHRMCC, Multan
     

     

    134.

     

    Ba bar Iqbal RanaInspectorMCC Preventive, LHRMCC, Multan
     

     

    135.

     

    Fia z UllahInspectorMCC Preventive, LHRMCC, Multan
     

     

    136.

     

    Ab dul Qayyum BhuttarInspectorMCC Preventive, LHRMCC, Multan
     

     

    137.

     

    Na deem Iqbal SaleemiInspectorMCC Preventive, LHRMCC, Multan
     

     

    138.

     

    Ha fiz Muhammad AkramInspectorMCC Preventive, LHRMCC, Multan
     

     

    139.

     

    Me hmood ZahoorInspectorMCC Preventive, LHRMCC, Multan
     

     

    140.

     

    Ab dul Rehman ButtInspectorMCC Preventive, LHRMCC, Multan
     

     

    141.

     

    Na sir SaeedInspectorMCC Preventive, LHRMCC, Multan
     

     

    142.

     

    Ta riq UsmaniInspectorMCC Preventive, LHRMCC, Multan
     

     

    143.

     

    Mu hammad Ijaz ButtInspectorMCC Preventive, LHRMCC, Multan
     

     

    144.

     

    Na deem AkramInspectorMCC Preventive, LHRMCC, Multan
     

     

    145.

     

    Na zir AhmadInspectorMCC Preventive, LHRMCC, Multan
     

     

    146.

     

    Sy ed Riaz AhmadInspectorMCC Preventive, LHRMCC, Multan
     

     

    147.

     

    Ma sood Kamal SiddiquiInspectorMCC Preventive, LHRMCC, Multan
     

     

    148.

     

    Mu hammad Habib MayoInspectorMCC Preventive, LHRMCC, Multan
     

     

    149.

     

    Kh alid Rashid KhanInspectorMCC Preventive, LHRMCC, Multan
     

     

    150.

     

    Sh ozab RazaInspectorMCC Preventive, LHRMCC, Multan
     

     

    151.

     

    Na srullah KhanInspectorMCC Preventive, LHRMCC, Multan
     

     

    152.

     

    Sh afiq Ahmad BaigInspectorMCC Preventive, LHRMCC, Multan
     

     

    153.

     

    Mu hammad JavaidInspectorMCC Preventive, LHRMCC, Multan
     

     

    154.

     

    Ma sood Arif CheemaInspectorMCC Preventive, LHRMCC, Multan
     

     

    155.

     

    Ze ba NazInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    156.

     

    M. Sadaqtum Nazar Ali KhanInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    157.

     

    Ba shir Ahmad ChaudharyInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    158.

     

    Ma zhar MunirInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    159.

     

    Mu hammad Tausif MughalInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    160.

     

    Su ltan Masood NoorInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    161.

     

    Pe rvaiz Ahmad KazimInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    162.

     

    Mu hammad Ashfaq BaigInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    163.

     

    Ta hira AliInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    164.

     

    Mu nir Ahmad NiaziInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    165.

     

    Ab dul GhaffarInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    166.

     

    Ra o Mansoor ElahiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    167.

     

    Sa bir AliInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    168.

     

    Ha fiz Muhammad IlyasInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    169.

     

    Ma sood RazaInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    170.

     

    Qa sim Bin AslamInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    171.

     

    Ra shid Ahmad LalaInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    172.

     

    Mu hammad Ejaz AhmadInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    173.

     

    Qa sim Ali BhattiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    174.

     

    Mu hammad Usman AzadInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    175.

     

    Ma hmood Ali RiazInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    176.

     

    Sy ed Sajjad Hussain BukhariInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    177.

     

    Sa fdar MahiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    178.

     

    Mu hammad AshrafInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    179.

     

    Mu hammad Khawar BhattiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    180.

     

    Ag ha Amir Ali QazalbashInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    181.

     

    Ha bib ur RehmanInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    182.

     

    Za far IqbalInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    183.

     

    Ab dul RazzaqInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    184.

     

    Ra shid MunirInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    185.

     

    Sh abbir AhmadInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    186.

     

    Iftik har AhmadInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    187.

     

    Kh alid Pervaiz BhuttaInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    188.

     

    Sa jjad Ahmed JatoiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    189.

     

    As lam Nadeem ButtInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    190.

     

    Mu hammad Yasin WattooInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    191.

     

    Ab id Ismail ChishtiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    192.

     

    Mia n Muhammad TariqInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    193.

     

    Ab dul RehmanInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    194.

     

    Me er SulemanInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    195.

     

    Ab dul Rasheed AnjumInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    196.

     

    Mu hammad Khalid SiddiquiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    197.

     

    Ra za TufailInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    198.

     

    Mu hammad BootaInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    199.

     

    Mu hammad IntizarInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    200.

     

    Sh ahid FarooqInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    201.

     

    Ra na Taj DinInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    202.

     

    Sy ed Rehan IqbalInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    203.

     

    Mu hammad Saleem ShahidInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    204.

     

    Mu hammad Arif MayoInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    205.

     

    Jav ed IqbalInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    206.

     

    An jum SherazInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    207.

     

    Na eem Abdullah BhattiInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    208.

     

    Sy ed Shahid Abbas ShahInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    209.

     

    Az am Hussain WattooInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    210.

     

    Mu zaffar HussainInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    211.

     

    Mu hammad Asif NawazInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    212.

     

    Mu hammad Iqbal AwanInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    213.

     

    Ab dul JabbarInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    214.

     

    Sy ed Abul Hassan RizviInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    215.

     

    Ria z Ali ShahInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    216.

     

    Sy ed Muhammad AliInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    217.

     

    Riz wan MehmoodInspectorMCC Preventive, LHRMCC, Appraisement LHR
     

     

    218.

     

    Mu shtaq AhmadInspectorMCC, FaisalabadMCC, Appraisement LHR
     

     

    219.

     

    Mu hammad ManshaInspectorMCC, FaisalabadMCC, Islamabad
     

     

    220.

     

    M. Afzaal NaeemInspectorMCC, FaisalabadMCC, Islamabad
     

     

    221.

     

    Asg har Mehdi NaqviInspectorMCC, FaisalabadMCC, Islamabad
     

     

    222.

     

    Sha hid Iqbal AnsariInspectorMCC, FaisalabadMCC, Islamabad
     

     

    223.

     

    M. Afzal AwanInspectorMCC, FaisalabadMCC, Islamabad
     

     

    224.

     

    Mu hammad YousafInspectorMCC, FaisalabadMCC, Islamabad
     

     

    225.

     

    Sha ukat KhanInspectorMCC, FaisalabadMCC, Islamabad
     

     

    226.

     

    Iftik har AhmadInspectorMCC, FaisalabadMCC, Islamabad
     

     

    227.

     

    Mu hammad AkramInspectorMCC, FaisalabadMCC, Islamabad
     

     

    228.

     

    Gh ulam Murtaza AnjumInspectorMCC, FaisalabadMCC, Islamabad
     

     

    229.

     

    Bab ar HussainInspectorMCC, FaisalabadMCC, Islamabad
     

     

    230.

     

    Gh ulam MuhammadInspectorMCC, FaisalabadMCC, Islamabad
     

     

    231.

     

    Azh ar HussainInspectorMCC, FaisalabadMCC, Islamabad
     

     

    232.

     

    Asi f HussainInspectorMCC, FaisalabadMCC, Islamabad
     

     

    233.

     

    Zul fiqar AliInspectorMCC, FaisalabadMCC, Islamabad
     

     

    234.

     

    Aba ydullahInspectorMCC, FaisalabadMCC, Islamabad
     

     

    235.

     

    M. Iqbal khanInspectorMCC, FaisalabadMCC, Islamabad
     

     

    236.

     

    Irfa n idreesInspectorMCC, FaisalabadMCC, Islamabad
     

     

    237.

     

    Mu hammad khalidInspectorMCC, FaisalabadMCC, Islamabad
     

     

    238.

     

    Ma sood Saeed ChohanInspectorMCC, FaisalabadMCC, Islamabad
     

     

    239.

     

    Bas hir AhmadInspectorMCC, FaisalabadMCC, Islamabad
     

     

    240.

     

    Mu jahid abbasInspectorMCC, FaisalabadMCC, Islamabad
     

     

    241.

     

    Abd ul NasirInspectorMCC, FaisalabadMCC, Islamabad
     

     

    242.

     

    Fai zi RazaInspectorMCC, FaisalabadMCC, Islamabad
     

     

    243.

     

    Mu hammad ArshadInspectorMCC, FaisalabadMCC, Islamabad
     

     

    244.

     

    Kha lid MahmoodInspectorMCC, FaisalabadMCC, Multan
     

     

    245.

     

    Zul fiqar Ali S/O M. ShafiInspectorMCC, FaisalabadMCC, Multan
     

     

    246.

     

    Mu hammad RiazInspectorMCC, FaisalabadMCC, Multan
     

     

    247.

     

    Abd ul RashidInspectorMCC, FaisalabadMCC, Multan
     

     

    248.

     

    Saf dar AliInspectorMCC, FaisalabadMCC, Multan
     

     

    249.

     

    M. Munir AhmadInspectorMCC, FaisalabadMCC Sialkot
     

     

    250.

     

    Kha lid Ashraf NoorInspectorMCC, FaisalabadMCC, Multan
     

     

    251.

     

    M. Ramzan ShahidInspectorMCC, FaisalabadMCC, Multan
     

     

    252.

     

    Am er Mumtaz BajwaInspectorMCC, FaisalabadMCC, Multan
     

     

    253.

     

    Mr. Azhar AbbasInspectorMCC, MultanMCC Preventive Lahore
     

     

    254.

     

    Mr. Muhammad Ansar HussainInspectorMCC, MultanMCC Preventive Lahore
     

     

    255.

     

    Mr. Muhammad Azam SarganaInspectorMCC, MultanMCC Preventive Lahore
     

     

    256.

     

    Sye d Ghulam Raza ShahInspectorMCC, MultanMCC Preventive Lahore
     

     

    257.

     

    Mr. Saleem RazaInspectorMCC, MultanMCC Preventive Lahore
     

     

    258.

     

    Mr. Naseem Mahmood CheemaInspectorMCC, MultanMCC Preventive Lahore
     

     

    259.

     

    Mr. Saeed Ahmad KhanInspectorMCC, MultanMCC Preventive Lahore
     

     

    260.

     

    Mr. Imtiaz Ahmad SheikhInspectorMCC, MultanMCC Preventive Lahore
     

     

    261.

     

    Mr. Arshad Hussain QureshiInspectorMCC, MultanMCC Preventive Lahore
     

     

    262.

     

    Ms . Shabana BibiInspectorMCC, MultanDte of I&I-Customs, Multan
     

     

    263.

     

    Ms . Oamey KalsoomInspectorMCC, MultanDte of I&I-Customs, Multan
     

     

    264.

     

    Ra na Muhammad IrshadInspectorMCC, MultanMCC Preventive Lahore
     

     

    265.

     

    Mr. Shahid Nawaz MirzaInspectorMCC, MultanMCC Preventive Lahore
     

     

    266.

     

    Mr. Aziz-Ur-RehmanInspectorMCC, MultanMCC Preventive Lahore
     

     

    267.

     

    Mr. Rahim BakhshInspectorMCC, MultanMCC Preventive Lahore
     

     

    268.

     

    Mr. Muhammad Ramzan SialInspectorMCC, MultanMCC Preventive Lahore
     

     

    269.

     

    Mr. Muhammad Arshad JavedInspectorMCC, MultanMCC Preventive Lahore
     

     

    270.

     

    Ma lik Muhammad YousafInspectorMCC, MultanMCC Preventive Lahore
     

     

    271.

     

    Mr. Ahmad Yar HirajInspectorMCC, MultanMCC Preventive Lahore
     

     

    272.

     

    Mr. Arshad NadeemInspectorMCC, MultanMCC Preventive Lahore
     

     

    273.

     

    Sye d Muhammad Abdullah ZainInspectorMCC, MultanMCC Preventive Lahore
     

     

    274.

     

    Mr. Muzammil Abbas BokhariInspectorMCC, MultanMCC Preventive Lahore
     

     

    275.

     

    Mr. Arif Habib JatoiInspectorMCC, MultanMCC Preventive Lahore
     

     

    276.

     

    Ra na Muhammad Imran AslamInspectorMCC, MultanMCC Preventive Lahore
     

     

    277.

     

    Mr. Muhammad AslamInspectorMCC, MultanMCC Preventive Lahore
     

     

    278.

     

    Mr. Maqsood Ahmad S/O M HanifInspectorMCC, MultanMCC Preventive Lahore
     

     

    279.

     

    Mr. Arif MahmoodInspectorMCC, MultanMCC Preventive Lahore
     

     

    280.

     

    Mr. Muhammad AshrafInspectorMCC, MultanMCC Preventive Lahore
     

     

    281.

     

    Mr. Jahangir AliInspectorMCC, MultanMCC Preventive Lahore
     

     

    282.

     

    Mr. Zia-Ur-RehmanInspectorMCC, MultanMCC Preventive Lahore
     

     

    283.

     

    Mr. Shahid Islam PitafiInspectorMCC, MultanMCC Preventive Lahore
     

     

    284.

     

    Mr. Muhammad Saleem KhanInspectorMCC, MultanMCC Preventive Lahore
     

     

    285.

     

    Mr. Muhammad AsifInspectorMCC, MultanMCC Preventive Lahore
     

     

    286.

     

    Mr. Qaisar Rasheed KhanInspectorMCC, MultanMCC Preventive Lahore
     

     

    287.

     

    Mr. Zafar Iqbal SaniInspectorMCC, MultanMCC Preventive Lahore
     

     

    288.

     

    Mr. Farrukh Ghulam AbbasInspectorMCC, MultanMCC Preventive Lahore
     

     

    289.

     

    Mr. M SiddiqueInspectorMCC, MultanMCC Preventive Lahore
     

     

    290.

     

    Mr. Muhammad AbdullahInspectorMCC, MultanMCC Preventive Lahore
     

     

    291.

     

    Mr. Muhammad Saleem AkhtarInspectorMCC, MultanMCC Preventive Lahore
     

     

    292.

     

    Mr. Maqsood Ahmad S/O Beer BalInspectorMCC, MultanMCC Preventive Lahore
     

     

    293.

     

    Mr. Buni Ameen QureshiInspectorMCC, MultanMCC Preventive Lahore
     

     

    294.

     

    Mr. Zahid MahmoodInspectorMCC, MultanMCC Preventive Lahore
     

     

    295.

     

    Mr. Shafqat Ali AwanInspectorMCC, MultanMCC Preventive Lahore
     

     

    296.

     

    Mr. Imran FareedInspectorMCC, MultanMCC Preventive Lahore
     

     

    297.

     

    Mr. Muhammad Asghar ChohanInspectorMCC, MultanMCC Preventive Lahore
     

     

    298.

     

    Mr. Ghulam AbbasInspectorMCC, MultanMCC Preventive Lahore
     

     

    299.

     

    Mr. Bashir Hussain ShahInspectorMCC, MultanMCC Preventive Lahore
     

     

    300.

     

    Mr. Shahid MahmoodInspectorMCC, MultanMCC Preventive Lahore
     

     

    301.

     

    Mr. Muhammad IftikharInspectorMCC, MultanMCC Preventive Lahore
     

     

    302.

     

    Mr. Irshad Hussain QaisraniInspectorMCC, MultanMCC Preventive Lahore
     

     

    303.

     

    Mr. Maqbool AhmadInspectorMCC, MultanMCC Preventive Lahore
     

     

    304.

     

    Mr. Hassan Mujtaba NaqviInspectorMCC, MultanMCC Preventive Lahore
     

     

    305.

     

    Mr. Muhammad Iqbal QaisraniInspectorMCC, MultanMCC Preventive Lahore
     

     

    306.

     

    Mr. Muhammad FayyazInspectorMCC, MultanMCC Preventive Lahore
     

     

    307.

     

    Mr. Ghulam AsgharInspectorMCC, MultanMCC Preventive Lahore
     

     

    308.

     

    Kan war Asif AliInspectorMCC, MultanMCC Preventive Lahore
     

     

    309.

     

    Mr. Umar DinInspectorMCC, MultanMCC, Faisalabad
     

     

    310.

     

    Mr. Abdul SamadInspectorMCC, MultanMCC, Faisalabad
     

     

    311.

     

    Sye d Muhammad Rafiq ShahInspectorMCC, MultanMCC, Faisalabad
     

     

    312.

     

    Mr. Muhammad FarooqInspectorMCC, MultanMCC, Faisalabad
     

     

    313.

     

    Mr. Abdul RaufInspectorMCC, MultanMCC, Faisalabad
     

     

    314.

     

    Ra na Nisar AhmadInspectorMCC, MultanMCC, Faisalabad
     

     

    315.

     

    Mr. Muhammad Altaf KareemInspectorMCC, MultanMCC, Faisalabad
     

     

    316.

     

    Mr. Saleem AfzalInspectorMCC, MultanMCC, Faisalabad
     

     

    317.

     

    Mr. Tahir MahmoodInspectorMCC, MultanMCC, Faisalabad
     

     

    318.

     

    Mr. Zahid Habib AnsariInspectorMCC, MultanMCC, Faisalabad
     

     

    319.

     

    Mu hammad FarooqInspectorMCC IslamabadDte. Gen. of I&I-Customs, Islamabad
     

     

    320.

     

    Am eer AhmadInspectorMCC IslamabadDte. Gen. of I&I-Customs, Islamabad
     

     

    321.

     

    Mu hammad Israr Ul HaqInspectorMCC IslamabadDte. Gen. of I&I-Customs, Islamabad
     

     

    322.

     

    Gh ulam JaffarInspectorMCC IslamabadDte. Gen. of I&I-Customs, Islamabad
     

     

    323.

     

    Far yad Hussain ShahInspectorMCC IslamabadDte. Gen. of I&I-Customs, Islamabad
     

     

    324.

     

    Mu hammad Aamir KhanInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    325.

     

    Re han Zaib ShahInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    326.

     

    Qa dir KhanInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    327.

     

    Sye d Najam AbbasInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    328.

     

    M. Masood SaeedInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    329.

     

    M. Shafqat QaziInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    330.

     

    Ina m-Ul-HaqInspectorMCC IslamabadDte. of I&I-Customs, RWP
     

     

    331.

     

    Sal eem UllahInspectorMCC IslamabadMCC, Sialkot
     

     

    332.

     

    S.M .EjazInspectorMCC IslamabadMCC, Sialkot
     

     

    333.

     

    Wa seem ArshadInspectorMCC IslamabadMCC, Sialkot
     

     

    334.

     

    Tar iq MehmoodInspectorMCC IslamabadMCC, Sialkot
     

     

    335.

     

    Kh. Mazhar AhmadInspectorMCC IslamabadMCC, Sialkot
     

     

    336.

     

    Mu hammad AdnanInspectorMCC IslamabadMCC, Sialkot
     

     

    337.

     

    Zia -Ul- IslamInspectorMCC IslamabadMCC, Sialkot
     

     

    338.

     

    Far eed AhmadInspectorMCC IslamabadMCC, Sialkot
     

     

    339.

     

    Ehs an Ullah KhanInspectorMCC IslamabadMCC, Faisalabad
     

     

    340.

     

    Kha lid Mehmood TanoliInspectorMCC IslamabadMCC, Faisalabad
     

     

    341.

     

    Asi f MehmoodInspectorMCC IslamabadMCC, Faisalabad
     

     

    342.

     

    Far az Hussain AkhtarInspectorMCC IslamabadMCC, Faisalabad
     

     

    343.

     

    Kha lid Samad KhanInspectorMCC IslamabadMCC, Faisalabad
     

     

    344.

     

    Eht isham-Ul-HaqInspectorMCC IslamabadMCC, Faisalabad
     

     

    345.

     

    Abd ul HafeezInspectorMCC IslamabadMCC, Faisalabad
     

     

    346.

     

    Ma qsood AhmadInspectorMCC IslamabadMCC, Faisalabad
     

     

    347.

     

    Mu hammad AhsanInspectorMCC IslamabadMCC, Faisalabad
     

     

    348.

     

    Gh ulam ShabbirInspectorMCC IslamabadMCC, Faisalabad
     

     

    349.

     

    Soh ail Akhtar KhanInspectorMCC IslamabadMCC, Faisalabad
     

     

    350.

     

    Ahm ad Shuja KhanInspectorMCC IslamabadMCC, Faisalabad
     

     

    351.

     

    Ma ratib Ali ShahInspectorMCC IslamabadMCC, Faisalabad
     

     

    352.

     

    Ra ja Ghulam NoehInspectorMCC IslamabadMCC, Faisalabad
     

     

    353.

     

    Ra ja Nasir RehmanInspectorMCC IslamabadMCC, Faisalabad
     

     

    354.

     

    Ma tti Ur RehmanInspectorMCC IslamabadMCC, Faisalabad
     

     

    355.

     

    Jav ed MasoodInspectorMCC IslamabadMCC, Faisalabad
     

     

    356.

     

    Ma nzoor HussainInspectorMCC IslamabadMCC, Faisalabad
     

     

    357.

     

    Mu hammad SulemanInspectorMCC IslamabadMCC, Faisalabad
     

     

    358.

     

    Mu hammad KhurshidInspectorMCC IslamabadMCC, Faisalabad
     

     

    359.

     

    Kha lid MahmoodInspectorMCC IslamabadMCC, Faisalabad
     

     

    360.

     

    Sye d All RazaInspectorMCC IslamabadMCC, Faisalabad
     

     

    361.

     

    Sye d Sibtain HaiderInspectorMCC IslamabadMCC, Faisalabad
     

     

    362.

     

    Ala m ZebInspectorMCC IslamabadMCC, Faisalabad
     

     

    363.

     

    Ria sat Mahmood AbbasInspectorMCC IslamabadMCC, Faisalabad
     

     

    364.

     

    Far rukh MehmoodInspectorMCC IslamabadMCC, Faisalabad
     

     

    365.

     

    Ma qbool AhmedIntelligence OfficerDte. Gen. of I&I-Customs, IslamabadMCC, Islamabad
     

     

    366.

     

    Ab id HussainIntelligence OfficerDte. Gen. of I&I-Customs, IslamabadMCC, Islamabad
     

     

    367.

     

    Gu l Nawaz KhanIntelligence OfficerDte. Gen. of I&I-Customs, IslamabadMCC, Islamabad
     

     

    368.

     

    Me hboob ElahiIntelligence OfficerDte. Gen. of I&I-Customs, IslamabadMCC, Islamabad
     

     

    369.

     

    Za hoor AhmadIntelligence OfficerDte. Gen. of I&I-Customs, IslamabadMCC, Islamabad
     

     

    370.

     

    Sh ahid Majeed JaffriIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    371.

     

    Sh akeel AhmadIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    372.

     

    Iftik har HussainIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    373.

     

    Ab dul MunirIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    374.

     

    Zu lfiqar AliIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    375.

     

    Na seer AhmedIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    376.

     

    Ab dul Majeed KhanIntelligence OfficerDte. of I&I-Customs, RWPMCC, Islamabad
     

     

    377.

     

    Mr . Naveed Ejaz,InspectorMCC, SialkotMCC, Islamabad
     

     

    378.

     

    Mr . Shamas-ud-DinInspectorMCC, SialkotMCC, Islamabad
     

     

    379.

     

    Mr . Rashid AlamInspectorMCC, SialkotMCC, Islamabad
     

     

    380.

     

    Mr . Tariq AzizInspectorMCC, SialkotMCC, Islamabad
     

     

    381.

     

    Sy ed Abid Raza ZaidiInspectorMCC, SialkotMCC, Islamabad
     

     

    382.

     

    Mr . M. NawazInspectorMCC, SialkotMCC, Islamabad
     

     

    383.

     

    Mr . Arshad HussainInspectorMCC, SialkotMCC, Islamabad
     

     

    384.

     

    Mr . Nazar HusainInspectorMCC, SialkotMCC, Islamabad
     

     

    385.

     

    Mr . Abdul Latif SharInspectorMCC HyderabadMCC, Gwadar
     

     

    386.

     

    Mr . Muhammad Shakeel KhanInspectorMCC HyderabadMCC, Gwadar
     

     

    387.

     

    Mr . Imdad Ali AbroInspectorMCC HyderabadMCC, Gwadar
     

     

    388.

     

    Mr . Abdul Majeed BarichInspectorMCC HyderabadMCC, Gwadar
     

     

    389.

     

    Mr . Ghulam Qasim AbroInspectorMCC HyderabadMCC, Gwadar
     

     

    390.

     

    Mr . Rasheed Ahmed UmraniInspectorMCC HyderabadMCC, Gwadar
     

     

    391.

     

    Mr . Muhammad AsifInspectorMCC HyderabadMCC, Gwadar
     

     

    392.

     

    Mr . Abdul Jabbar MemonInspectorMCC HyderabadMCC, Gwadar
     

     

    393.

     

    Ha fiz Muhammad YousufInspectorMCC HyderabadMCC, Gwadar
     

     

    394.

     

    Mr . Allauddin KhanInspectorMCC HyderabadMCC, Gwadar
     

     

    395.

     

    Mr .Ishtiaque AhmedInspectorMCC HyderabadMCC, Gwadar
     

     

    396.

     

    Mr . Abdul Rauf BhuttoInspectorMCC HyderabadMCC, Gwadar
     

     

    397.

     

    Mr . Aziz Ahmed KatparInspectorMCC HyderabadMCC, Gwadar
     

     

    398.

     

    Mr . Aziz Ahmed LaghariInspectorMCC HyderabadMCC, Gwadar
     

     

    399.

     

    Mr . Muhammad Khan ZardariInspectorMCC HyderabadMCC, Gwadar
     

     

    400.

     

    Sy ed Ayaz Ali ShahInspectorMCC HyderabadMCC, Gwadar
     

     

    401.

     

    Sy ed Khair Ali ShahInspectorMCC HyderabadMCC, Gwadar
     

     

    402.

     

    Mr . Muhammad Yaqoob PashaInspectorMCC HyderabadMCC, Gwadar
     

     

    403.

     

    Sy ed WaseemuddinInspectorMCC HyderabadMCC, Gwadar
     

     

    404.

     

    Mr . Muhammad SaleemInspectorMCC HyderabadMCC, Gwadar
     

     

    405.

     

    Mr . Abid Ahmed S/O Bundo KhanInspectorMCC HyderabadMCC, Gwadar
     

     

    406.

     

    Mr . Abdul Razzaq S/O A.GhaniInspectorMCC HyderabadMCC, Gwadar
     

     

    407.

     

    Mr . Abdul QayoomInspectorMCC HyderabadMCC, Gwadar
     

     

    408.

     

    Sy ed Shoaib HussainInspectorMCC HyderabadMCC, Gwadar
     

     

    409.

     

    Mr . Raees AhmedInspectorMCC HyderabadMCC, Gwadar
     

     

    410.

     

    Mr . Muhammad Yousuf PanhwarInspectorMCC HyderabadMCC, Gwadar
     

     

    411.

     

    Mr . Muhammad Arif KhanInspectorMCC HyderabadMCC, Gwadar
     

     

    412.

     

    Mr . Abrar KhanInspectorMCC HyderabadMCC, Gwadar
     

     

    413.

     

    Mr . Muhammad ShamimInspectorMCC HyderabadMCC, Gwadar
     

     

    414.

     

    Mr . Muhammad Jurial AbbasiInspectorMCC HyderabadMCC, Gwadar
     

     

    415.

     

    Sy ed Saleem AhmedInspectorMCC HyderabadMCC, Gwadar
     

     

    416.

     

    Mr .Tariq AhmedInspectorMCC HyderabadMCC, Gwadar
     

     

    417.

     

    Mr . Muhammad Ilyas KhanInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    418.

     

    Mr . Muhammad Hatim BhayoInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    419.

     

    Mr . Muhammad IqbalInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    420.

     

    Mr . Asad Ud Din MirzaInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    421.

     

    Mr . Moula Bux BehanInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    422.

     

    Mr . M.Ashraf KalhoroInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    423.

     

    Qa zi M.Abu TaussefInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    424.

     

    Mr . Khadim Hussain BhuttoInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    425.

     

    Mr .Waqar Ahmed SurihyoInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    426.

     

    Mr .Nazir Ahmed BrohiInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    427.

     

    Sy ed Zakir HussainInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    428.

     

    Mr . Muhammad Aijaz KhanInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    429.

     

    Mir za Musarrat BaigInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    430.

     

    Mr . Abdul HameedInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    431.

     

    Mr . Muhammad UrsInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    432.

     

    Mr .Ayaz Ali MastoiInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    433.

     

    Mr .Shafi Muhammad JamaliInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    434.

     

    Mr .Mehfooz-Ur-RehmanInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    435.

     

    Mr .Humayoun NaseerInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    436.

     

    Mr .Tufail Ahmed BhuttoInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    437.

     

    Mr .Manzoor Ali JamaliInspectorMCC HyderabadDte. of I&I-Customs, Karachi
     

     

    438.

     

    Mr . Zulfiqar AliInspectorMCC HyderabadDte. of I&I-Customs, Hyderabad
     

     

    439.

     

    Ab dur Rasheed ShaikhInspectorMCC GwadarMCC Hyderabad
     

     

    440.

     

    Mr . Nisar Ahmed ShaikhInspectorMCC GwadarMCC Hyderabad
     

     

    441.

     

    Mr . Muhammad Ali JamaliInspectorMCC GwadarMCC Hyderabad
     

     

    442.

     

    Mr . Nadeem Mukhtiar BhuttoInspectorMCC GwadarMCC Hyderabad
     

     

    443.

     

    Mr . Ejaz Ahmed BrohiInspectorMCC GwadarMCC Hyderabad
     

     

    444.

     

    Mr . Rabat EjazInspectorMCC GwadarMCC Hyderabad
     

     

    445.

     

    Mr . Naseer Ahmed BhotaniInspectorMCC GwadarMCC Hyderabad
     

     

    446.

     

    Mr . Muhammad FarhanInspectorMCC GwadarMCC Hyderabad
     

     

    447.

     

    Mr . Muhammad Ali JamahInspectorMCC GwadarMCC Hyderabad
     

     

    448.

     

    Mr . Abdul Malik IhsasInspectorMCC GwadarMCC Hyderabad
     

     

    449.

     

    Mr . Nazar MuhammadInspectorMCC GwadarMCC Hyderabad
     

     

    450.

     

    Mr . Shujaat HussainInspectorMCC GwadarMCC Hyderabad
     

     

    451.

     

    Mr . Nek MuhammadInspectorMCC GwadarMCC Hyderabad
     

     

    452.

     

    Mr . Muhammad IshaqInspectorMCC GwadarMCC Hyderabad
     

     

    453.

     

    Mr . Ale-E-AbbasInspectorMCC GwadarMCC Hyderabad
     

     

    454.

     

    Mr . Abdul Malik BalochInspectorMCC GwadarMCC Hyderabad
     

     

    455.

     

    Mr . Ganj BakhshInspectorMCC GwadarMCC Hyderabad
     

     

    456.

     

    Mr . Saifullah BalochInspectorMCC GwadarMCC Hyderabad
     

     

    457.

     

    Mr . Abdul GhafoorInspectorMCC GwadarMCC Hyderabad
     

     

    458.

     

    Mr . Rahim BakhashInspectorMCC GwadarMCC Hyderabad
     

     

    459.

     

    Mr . Jehanzeb KhanIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    460.

     

    Mr . Tariq Hussain BhuttoIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    461.

     

    Mr . Dilshad KhanIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    462.

     

    Mr . Saud HassanIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    463.

     

    Mr . Muhammad Aslam NadeemIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    464.

     

    Mr . Saeed FarooqiIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    465.

     

    Mr . Muhammad SadiqIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    466.

     

    Mr . Atif Shuja Hameed KhanIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    467.

     

    Na wab Zada Javed HaiderIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    468.

     

    Mr . Anwar Fareed FarooqiIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    469.

     

    Mr . Muhammad NadeemIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    470.

     

    Mr . Zia MoinIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    471.

     

    Mr . Saeed ur RehmanIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    472.

     

    Mr . Muhammad AbidIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    473.

     

    Mr . Muhammad Aquil AlamIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    474.

     

    Mr . Shuja SalamIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    475.

     

    Sy ed Waseem FarooqiIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    476.

     

    Mr . Rasheed AlamIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    477.

     

    Sy ed Shabeih HaiderIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad
     

     

    478.

     

    Mr . Liaqat AliIntelligence OfficerDte. of I&I-Customs, KarachiMCC Hyderabad

    Through another notification following officers have been transferred and posted:

     S# Name Designation Present posting Proposed posting
    1Razia Sultana BhuttoPrincipal AppraiserMCC, App-West, KarachiMCC, PMBQ, Karachi
    2Mr. Tariq AzizPrincipal AppraiserMCC, PMBQ, KarachiMCC, Gwadar
    3Mr. Aziz SarwarPrincipal AppraiserMCC, PMBQ, KarachiMCC (App), Quetta
    4Qamar JamalAppraising OfficerMCC, App-West, KarachiMCC, PMBQ, Karachi
    5Bashir Ahmad SeharAppraising OfficerMCC, App-West, KarachiMCC, PMBQ, Karachi
    6Muhammad NadeemAppraising OfficerMCC, App-East, KarachiMCC, PMBQ, Karachi
    7Maqsood AhmadAppraising OfficerMCC, App-East, KarachiMCC, PMBQ, Karachi
    8Mr. Gohar HussainAppraising OfficerMCC, App-East, KarachiMCC, PMBQ, Karachi
    9Haris Ahmed KhanAppraising OfficerMCC, App-East, KarachiMCC, PMBQ, Karachi
    10Mr. Anees-ur-Rehman KhosoAppraising OfficerMCC, PMBQ, KarachiDte. of Customs Valuations, Karachi
    11Mr. Zubair AliAppraising OfficerMCC, PMBQ, KarachiDte. of Customs Valuations, Karachi
    12Mr. S.M. Fawad

     

    (Examiner on contract)

    Appraising OfficerMCC, PMBQ, KarachiMCC, Exports (PMBQ) Karachi
    13Mr. Qaiser Nadeem ChatthaAppraising OfficerMCC, PMBQ, KarachiDte. of Customs Valuations, Karachi
    14Mr. Aamir ShujaAppraising OfficerMCC, PMBQ, KarachiMCC, JIAP, Karachi
    15Syed HammadAppraising OfficerMCC, PMBQ, KarachiMCC, JIAP, Karachi
    16Mr. M. Ibrahim KurdAppraising OfficerMCC, PMBQ, KarachiMCC, App-West, Karachi
    17Mr. Imdad Ali BozdarAppraising OfficerMCC, PMBQ, KarachiMCC, App-West, Karachi
    18Mirza Irfan BaigAppraising OfficerMCC, PMBQ, KarachiMCC, App-East, Karachi
    19Mr. Miskeen ShahAppraising OfficerMCC, PMBQ, KarachiMCC, App-East, Karachi
    20Mr. Aurang Ali ShahAppraising OfficerMCC, PMBQ, KarachiMCC, App-East, Karachi
    21Mehboob BaigAppraising OfficerMCC, JIAP, KarachiMCC, PMBQ, Karachi
    22Naushad AliAppraising OfficerMCC, JIAP, KarachiMCC, PMBQ, Karachi
    23Iqbal Hussain KalyarValuation OfficerDte. of Customs Valuations, KarachiMCC, PMBQ, Karachi
    24Muhammad Umar BalochValuation OfficerDte. of Customs Valuations, KarachiMCC, App-West, Karachi
    25Altaf Hussain MangiValuation OfficerDte. of Customs Valuations, KarachiMCC, App-East, Karachi

    The FBR said that officers who are drawing performance allowance prior to issuance of this notification shall continue to draw the allowance on their new place of posting.

    The FBR also directed above listed officers are requested to relinquish/ assume charge, using online HRMS facility made available to FBR or by using their IJP logins.

  • Trade deficit narrows by 15.33pc to $31.82 billion in 2018/2019

    Trade deficit narrows by 15.33pc to $31.82 billion in 2018/2019

    ISLAMABAD: The country’s trade deficit has narrowed by 15.33 percent during fiscal year 2018/2019 owing to decline in import bill, according to data released by Pakistan Bureau of Statistics (PBS) on Friday.

    The trade deficit declined to $31.82 billion in last fiscal year as compared with $37.58 billion in the preceding fiscal year.

    The decline in trade deficit can be attributed to 10 percent decline in total import bill. The imports declined to $54.79 billion during fiscal year 2018/2019 as compared with $60.79 billion in the preceding fiscal year.

    However, exports failed to exhibited growth despite several incentives announced by the government in the past.

    The exports fell by one percent to $22.97 billion during the last fiscal year as compared with $23.21 billion in the preceding fiscal year.

    In the month of June 2019 the exports fell sharply by 18.32 percent comparing the previous month. The exports were $1.71 billion in June 2019 as $2.1 billion in the month of May 2019.

    On the other hand imports also fell by 13.45 percent during the month under review. The imports were at $4.36 billion in June 2019 as compared with $5.04 billion in the month of May 2019.

    Analysts said that the decline in both imports and exports were due to budgetary measures announced in the month of June 2019.

    They said that the government had taken very harsh measures to generate revenue for the fiscal year 2019/2020. The elimination of zero-rate of sales tax negatively impacted the exports. On the other hand the rise in import duties and taxes also discouraged the foreign purchases.

    The analysts further said that the fall in rupee value also another major reason for decline in both exports and imports during the month of June 2019.

  • FPCCI seeks removal of protective duties on Pakistani products by Turkey

    FPCCI seeks removal of protective duties on Pakistani products by Turkey

    KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Turkish authorities to remove protective duties imposed on Pakistani products.

    “Turkey should remove local preventive in PTA/FTA with Pakistan,” said Engr. Daroo Khan Achakzai, President, FPCCI in a statement on Friday.

    He said that in the past textile exports to Turkey was based on normal tariffs of imports but later Turkey imposed protective duties i.e. 18 percent which were very high, leading to decline in the earlier registered increase in the textile exports to Turkey.

    The volume of bilateral trade between both nations drastically reduced from US$1.08 billion to US$792 million after imposition of protective duty on textile.

    He appreciated the efforts of Government of Pakistan and Turkey to enter into Strategic Economic Framework (SEF) for enhancement of bilateral relations in trade, tourism, healthcare, hospitality, industry, education, housing, agriculture, aviation and banking.

    He further stated that Pakistan and Turkey has concluded nine rounds of negotiations including SEF; but so far the reports/outcome of negotiation has been not shared with the concerned stakeholders.

    He emphasized on the need of strong home-working of the government with the consultation of stakeholders for formulating list of concessionary items for FTA in trade with Turkey.

    Turkey being part of customs union with the EU, providing assumption that Pakistan may also have access to Turkish market under GSP+ status.

    This assumption was diluted due to refusal of Turkey to extend GSP+ status to Pakistan and Turkey proposed conducting negotiations on bilateral FTA between both countries.

    The President FPCCI urged the government to resolve all antidumping and non-tariff barriers before entering into SEF.

    Textile, rice, cutlery, crockery, badges, Musical instruments, surgical instruments, gloves, footwear, sports good, construction materials and leather products are the main exportable items of Pakistan that needs special market access to Turkey by reduction in tariff rates.

    He also stated that Pakistan offer Turkish for their participation in special economic zones which may add to the quality competition in specific housing, food and pharmaceutical industries.

    He also underlined the need of activation of train service with Turkey in order to reduce trade cost and transit time as trade through sea is not cost effective for both the nation.

    He further added that Turkey should promote trade directly with Pakistan instead of third countries like importing of surgical items from Germany that are originally manufactured in Pakistan.

    He also underlined the need of simplification of visa procedure for genuine businessmen and traders. He further added that Pakistan and Turkey both are active members of ECO, Developing eight and Organization of Islamic Countries (OIC). FPCCI will take up the above issues in the meeting between FPCCI and TOBB in the forthcoming meetings, he added.

  • Stock market ends down by 203 points on lack of investors confidence

    Stock market ends down by 203 points on lack of investors confidence

    KARACHI: The stock market ended down by 203 points on Friday due to lack of investors confidence.

    The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,672 points as against 33,875 points showing a decline of 203 points.

    Analysts at Arif Habib Limited said that the market remained lackluster today, following the trend seen in recent past sessions.

    The source of Low volumes and lack of investor confidence in equities appears to be higher interest rate, which was further aggravated by an earlier than anticipated schedule of Monetary Policy.

    As per SBP, Monetary Policy will now be announced on July 16 rather than end July, as earlier anticipated.

    HUBC, which have been in the limelight in past sessions remained negative amidst low volumes.

    Overall, index moved in the range of +126 points and -276 points, ending the second session at -193 points (unadjusted). Cement Sector led the volumes table with 9.6 million shares, followed by Power (7.8 million). KEL ranked first in terms of volumes with 6.9M shares, followed by MLCF (4.5 million).

    Sectors contributing to the performance include Cement (-40 points), Power (-28 points), O&GMCs (-27 points), E&P (-18 points), Autos (-18 points), Fertilizer (+33 points).

    Volumes increased by 40 percent DoD to reach 55.3 million shares as against 39.5 million.

    Average traded value also increased by 58 percent to reach US$ 14.3 million as against US$ 9.1 million.

    Stocks that contributed significantly to the volumes include KEL, MLCF, BOP, ESBLR and TRG, which formed 35 percent of total volumes.

    Stocks that contributed positively include FFC (+30 points), EFERT (+13 points), UBL (+10 points), HBL (+9 points) and MEBL (+3pt). Stocks that contributed negatively include PSO (-21 points), ENGRO (-15 points), HUBC (-15 points), POL (-12 points) and DGKC (-11 points).

  • Rupee continues losing streak against dollar

    Rupee continues losing streak against dollar

    KARACHI: The Pak Rupee continued losing streak on Friday amid higher demand for import and corporate payments.

    The rupee ends 31 paisas to close at Rs158.80 to the dollar from previous day’s closing of Rs158.49 in interbank foreign exchange market.

    The foreign exchange market was initiated in the range of Rs158.40 and Rs158.70. The market witnessed day high of Rs158.90 and low of Rs158.50 and ended at 158.80.

    Currency experts said that the rupee fell during the entire week despite inflows of $994 million from IMF two days ago.

    The exchange rate also witnessed depreciation of the rupee in the open market. The buying and selling of dollar was recorded at Rs158.70/Rs159.30 from previous day’s close of Rs158.50/Rs159.50 in cash ready market.

  • SBP to announce monetary policy on July 16

    SBP to announce monetary policy on July 16

    KARACHI: State Bank of Pakistan (SBP) will announce key policy rate for next two months of July 16, 2019, a statement said on Friday.

    The SBP said that the Monetary Policy Committee of the central bank would meet on Tuesday, July 16, 2019 at SBP Head Office Karachi to decide the policy rate.

    In the previous monetary policy announced on May 20, 2019, the committee decided to increase the policy rate by 150 basis points to 12.25 percent effective from May 21,2019.

    The decision was taken into account the considerations and the evolving macroeconomic situation, the committee noted that further policy measures are required to address underlying inflationary pressures from (i) higher recent month-on-month headline and core inflation outturns; (ii) recent exchange rate depreciation; (iii) an elevated fiscal deficit and its increased monetization, and (iv) potential adjustments in utility tariffs.

    Analysts at Arif Habib Limited said that the SBP would adopt a proactive stance to increase its benchmark policy rate by 100 basis points in July 2019 to address the underlying pressure on the economy.

    In its report issued on June 28, the analysts said that in addition, monetary tightening is expected on the back of i) rising inflationary pressure due to increase in prices of petroleum products, essential food items and price revision of utilities, ii) an elevated fiscal deficit and its increased monetization, and iii) recent exchange rate depreciation.

  • Cash payment above Rs5 million for immovable property to attract penalty of 5pc of total value

    Cash payment above Rs5 million for immovable property to attract penalty of 5pc of total value

    KARACHI: A person who purchases immovable property having fair market value greater than Rs5 million through cash or bearer cheque then the person is liable to pay five percent of the value of immovable property as penalty.

    From tax year 2020 starting July 01, 2019 the purchase of immovable property has been prohibited through any bearer instrument or cash if its value is above Rs5 million.

    According to the FBR if a person commits offence than such person shall pay a penalty of five percent of the value of property determined by the Board under sub-section (4) of section 68 or by the provincial authority for the purposes of stamp duty, whichever is higher.

    A new section has been inserted in the Ordinance which provides that purchase of assets set as out below shall now only be made through a crossed cheque drawn on a bank or through a crossed demand draft or crossed pay order or any other crossed banking instrument –

    (a) Immovable property having fair market value greater than Rs05 million; (b) Any other asset having fair market value of more than Rs01 million.

    For the purpose of this section, the fair market value means the value notified by FBR under Section 68(4) of the Ordinance or the value fixed by the provincial authority for the purposes of stamp duty, whichever is higher.

    In the event, the transaction of purchase of the asset is not carried out in the manner prescribed above, such asset shall not be entitled for allowance of depreciation or amortization, as specified under the Ordinance.

    The amount paid other than in the specified manner shall not be regarded as cost under Section 76 of the Ordinance for the purpose of computing gain on disposal of such asset.

    In addition a penalty of five percent of the fair market value of the asset so purchased shall also be levied.