KARACHI – Passengers arriving from abroad and utilizing the green channel at any airport are urged to cooperate with customs authorities, particularly in the case of random or parametric selections for examination.
(more…)Author: Faisal Shahnawaz
-
Rupee ends stable in open market
KARACHI – The Pakistani Rupee demonstrated stability against the US Dollar in the open market on Saturday, attributed to a decreased demand for foreign currency.
(more…) -
Chinese delegation visits FPCCI to explore business opportunities
KARACHI – In a bid to foster stronger economic ties between Pakistan and China, a delegation of Chinese businessmen paid a visit to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), as per an official statement released on Saturday.
(more…) -
Income Tax Ordinance 2001: Notice can not be issued after 180 days for incomplete return
KARACHI: A commissioner of Inland Revenue is required to send notice to taxpayers for incomplete annual income returns within 180 days from end of financial year in which return was filed.
(more…) -
Oil import bill soars to $8.68 billion in July –January
ISLAMABAD – Pakistan’s oil import bill has witnessed a significant surge, reaching $8.68 billion, driven by a substantial increase in the import of liquefied natural gas (LNG), as reported by the Pakistan Bureau of Statistics (PBS).
(more…) -
Pakistan imports mobile phones worth Rs55 billion
ISLAMABAD – The import of mobile phones in Pakistan has reached a staggering Rs55 billion during the first seven months of the current fiscal year, despite the government’s concerted efforts to control the import bill.
(more…) -
Weekly Review: Market expected to remain upbeat on visit of Saudi Crown Prince
KARACHI: The equity market likely to recover from recent correction and remain upbeat in the next week owing to historical visit of Saudi Crown Prince.
(more…) -
Import of used motor cars decline by 36 percent in seven months
KARACHI – The import of Completely Built Unit (CBU) motor cars has witnessed a significant decline of 36 percent, primarily attributed to the restrictions imposed on non-filers of income tax returns, according to data released by the Pakistan Bureau of Statistics.
(more…) -
Committee constituted to enhance cargo, container transportation through rail service
KARACHI – Sheikh Rashid Ahmed, the Minister for Pakistan Railways, led a delegation to the Karachi Port Trust (KPT) head office on Friday to explore opportunities for enhancing cargo transportation through rail services.
(more…) -
MCC Peshawar announces public auction of confiscated mobile phones
ISLAMABAD – The Model Customs Collectorate (MCC) Peshawar has declared a public auction for confiscated mobile phones, scheduled to take place on February 20, 2019.
(more…)