Karachi, July 5, 2024 – Pakistan is taking a significant step towards combating money laundering in foreign trade with the establishment of a new directorate within the Pakistan Customs department.
(more…)Author: Shahnawaz Akhter
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Standard Chartered Bank Sees Greater Potential in Pakistan
KARACHI, July 5, 2024 – Bill Winters, Group CEO of Standard Chartered Bank, expressed optimism about Pakistan’s potential and reaffirmed the bank’s commitment to continued investment during his visit to the Overseas Investors Chamber of Commerce and Industry (OICCI) on Friday.
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FPCCI Demands Immediate Cancellation of IPP Contracts
Karachi, July 5, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the immediate cancellation of contracts with Independent Power Producers (IPPs).
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UBL Completes Sale of UNBL UK Stake
Karachi, July 5, 2024 – United Bank Limited (UBL) has successfully concluded the sale of its entire shareholding in United National Bank Limited (UNBL) UK, marking a strategic shift aimed at enhancing its financial position and shareholder returns.
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Farrukh Khan Steps Down as PSX CEO
Karachi, July 5, 2024 – In a surprise move, Farrukh H Khan resigned today from his position as Chief Executive Officer (CEO) of the Pakistan Stock Exchange (PSX).
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Finance Act, 2024: Intelligence Bureau to Assist Pakistan Customs
Karachi, July 5, 2024 – The Finance Act, 2024, has empowered the officers of Pakistan Customs to seek assistance from the Intelligence Bureau (IB) for resolving particular cases.
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FBR Announces Major Reshuffle of 51 Senior Customs Officers
Karachi, July 4, 2024 – In a significant administrative move, the Federal Board of Revenue (FBR) of Pakistan has announced a comprehensive reshuffle affecting 51 senior officers within the Pakistan Customs Service (PCS).
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KTBA Flags Technical Issue Post SRO 350 for Sales Tax Returns
Karachi, July 4, 2024 – The Karachi Tax Bar Association (KTBA) has identified a critical impediment affecting taxpayers’ ability to submit their final sales tax returns following the issuance of SRO 350.
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SBP Reports $494 Million Increase in Weekly Forex Reserves
Karachi, July 4, 2024 – The State Bank of Pakistan (SBP) has announced a notable increase of $494 million in its official foreign exchange reserves for the week ending June 28, 2024, reflecting positive inflows from multilateral agencies.
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FBR Makes Batch of 27 BS-20 Officers as OSD
Karachi, July 4, 2024 – In a sweeping move aimed at cleansing its ranks of alleged incompetence and corruption, the Federal Board of Revenue (FBR) has relegated a cohort of 27 officers to Officer on Special Duty (OSD) status.
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