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Author Archives: CT Report

DG I&I IR raids Bahria Town property dealer

investigation

ISLAMABAD: Directorate-General Intelligence & Investigation Inland Revenue team raided the premises of M/s Khurram Property Zone Bharia Town and seized laptops, cheque books and documents about sale and purchase of plots. According to a press release, IR team received credible information that a property dealer namely Khurram Latif who is running a property business in Bahria Town is operating benami ... Read More »

100-Index lands in red as bears continue to dominate PSX

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KARACHI: The Pakistan Stock Exchange (PSX) again closed bearish ash the benchmark 100-index lost 65.97 points to settle at 40,638.83. Traded volumes were below 100 million for the first time in last 39 sessions. This was only the third time in 5 months where traded volumes did not cross the 100 million mark. The KSE 100 touched its intraday high ... Read More »

Peshawar I&I foils bid to smuggle narcotics near Rashakai Interchange

WhatsApp Image 2018-11-29 at 3.51.48 PM

PESHAWAR: Directorate of Customs Intelligence and Investigation (I&I) team foiled a bid to smuggle huge quantity of narcotics worth Rs3.3 million on 29.11.2018. According to the details, Director Customs I&I Dr. Arslan Subuctageen received credible information that a sizeable quantity of narcotics would be smuggled from Punjab in a Toyota Prius car. In pursuance of the said information, the staff ... Read More »

34 big fishes caught so far in Muzarba, Muhsarka scandals: NAB chairman

NAB Chairman Justice (r) Javed Iqbal 1

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (retired) Javed Iqbal has said that NAB is taking serious steps to bring back looted money in Muzarba and Muhsarka scandals as 34 big fishes have been caught so far. Addressing an open court, the anti-graft watchdog chairman said that bringing back plundered money and eradication of corruption was the utmost priority of ... Read More »

Pak rupee depreciates by 10 paisas to Rs135.50

pak rupee 3

KARACHI: The Pakistani rupee on Thursday further depreciated against the US currency in open market and remained firm in interbank. As per local money market, the dollar added another 10 paisas in open market for buying at Rs135.10 and for selling at Rs135.50. In interbank, the greenback closed firm for buying at Rs133.70 and for selling at Rs133.90. On Wednesday, ... Read More »

Fazal Yazdani takes charge as Member after promotion to BS-22

Promotion

ISLAMABAD: Fazal Yazdani Khan, a Pakistan Customs Service officer, has assumed charge of a vacant post of Member after actualising his promotion to BS-22. The officer, in pursuance of Establishment Division’s Notification No.1/191/2014-E-4 dated 28.11.2018, read with Board’s Notification No. 2137-C-I/2018 dated 19.11.2018, took the charge and also actualized his promotion at the Federal Board of Revenue (HQ), Islamabad against ... Read More »

Sharifs presented fake money trail in corruption cases, NAB court told

NAB, Nawaz Sharif

ISLAMABAD: As the prosecution presented its final arguments against former prime minister Nawaz Sharif in Al-Azizia reference on Thursday, it claimed that the Sharif family presented fake money trail in corruption cases. Accountability Judge Arshad Malik resumed the hearing of reference filed by National Accountability Bureau (NAB) against former PM. Wasiq Malik, the NAB prosecutor, told the court that Al-Azizia ... Read More »

Ashiana scam: NAB to file supplementary references

NAB

ISLAMABAD: The Supreme Court of Pakistan heard the case of Ashiana Housing Scheme Scam today regarding bail of the culprits where National Accountability Bureau (NAB) has been ordered by the top court to file references against the culprits. According to sources, NAB has been ordered by Supreme Court to file references within the period of two weeks against the offenders ... Read More »

KPT scam: Court summons Ghori through ads in media

KPT2

KARACHI: An accountability court in Karachi on Wednesday summoned former federal minister for port and shipping Babar Ghori through advertisement in nationwide publications as despite of issuing several arrest warrants he has not been arrested so far. The court conducted hearing of a corruption reference pertaining to Rs2.8 billion corruption in the Karachi Port Trust (KPT), wherein the court was ... Read More »

SBP, NBP branches to observe extended duty hours to collect duties, taxes

sbp

ISLAMABAD: In order to facilitate the collection of government receipts, duties and taxes, authorised branches of National Bank of Pakistan (NBP) as well as field offices of State Bank of Pakistan Banking Services Corporation (SBP-BSC) will observe extended banking hours upto 8:00pm on November 30 (tomorrow). According to a press release, NBP branches will settle their transactions with respective SBP-BSC ... Read More »

FBR revenue enhanced by 6.4%, Monetary & Fiscal Policies Co-ordination Board told

Asad Umar

ISLAMABAD: Finance Minister Asad Umar has said the government is committed to improving the fundamentals of economy and achieving sustainable and balanced economic growth. The minister stated this while chairing meeting of the Monetary and Fiscal Policies Co-ordination Board here on Thursday. Secretary Finance gave a detailed presentation to the meeting on the economic and fiscal situation. The meeting was ... Read More »

All LTUs, CRTOs, RTOs to remain open till 10pm on Nov 30

RTO-Lahore

ISLAMABAD: All Large Taxpayer Units (LTUs), corporate Regional Tax Offices (RTOs) and Regional Tax Offices (RTOs) will remain open and observe extended working hours till 10:00pm on Friday (Nov 30). According to a circular issued on Thursday by Second Secretary STM-IR (Operations) Khalid Mehmood, all the LTUs, CRTOs and RTOs will remain open and observe extended working hours tomorrow to ... Read More »

Senate body directs FBR to increase tax on imported tobacco

tobacco

ISLAMABAD: A special committee of the Senate has asked the Federal Board of Revenue (FBR) to compare tax frequency on imported and domestically produced tobacco, as there is multi-billion tax prevarication scam observed in tobacco division. The Senate Special Committee is based on the reason of reduction in Tax Collection of Tobacco Sector, which is headed by its convener Senator ... Read More »

FINCA Micro Finance Bank launches first free digital wallet in Pakistan

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FAISALABAD: FINCA Micro Finance Bank is first free digital wallet introduced in Pakistan. It would not only facilitate SME (Small and Medium Enterprises) Sector to pay salaries to its workers but also make online payments to its suppliers/vendors through smart phone. This was disclosed by Chief Executive Officer of the FINCA Mudassar Aqeel. He was addressing an introductory session in ... Read More »

RCCI inks MOU with Greek- Pakistan Chamber of Commerce

Acting President RCCI Muhammad Badar Haroon and President GPCCI Maria-Rubina Markopoulou exchanging documents after signing MOU for promoting bilateral trade at Chamber House Rawalpindi.

RAWALPINDI:  The Rawalpindi Chamber of Commerce and Industry (RCCI) and Greek-Pakistan Chamber Of Commerce and Industry (GPCCI) has signed a Memorandum of Understanding (MOU) here on Tuesday. Acting President RCCI Muhammad Badar Haroon and President GPCCI Maria-Rubina  Markopoulou signed and exchange documents at a ceremony attended by Chamber representatives including Vice President Fayyaz Qureshi, Vice Chairman Regional Trade Khurshid Berlas ... Read More »

PSX sheds 190pts over volatility

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: Opened on a positive note, the Pakistan Stock Exchange on Wednesday closed bearish as the benchmark 100-index recorded a decrease of 189.42 points or 0.46% to settle at 40,704.80. The KSE-100 also traded past the 41,000-mark in the early hours. However, the positivity was short-lived as selling pressure dragged the index into the negative territory. The index remained choppy ... Read More »

Rukhsana Yasmin takes charge as Member

Rukhsana Yasmeen

ISLAMABAD: Rukhsana Yasmin, a BS-22 officer of Inland Revenue Service, has assumed charge as Member at Federal Board of Revenue (HQ), Islamabad. Rukhsana, on repatriation from National Trust for Disabled vide Establishment Division Notification No. 37/1/2017-E-I, dated 20.11.2018, took the charge of the post of Member, FBR (HQ), Islamabad with effect from November 23. She has been also performing her ... Read More »

Pak rupee loses value against dollar

pak rupee

KARACHI: The Pakistani rupee on Wednesday weakened against the US dollar in open market and remained unchanged in interbank. As per local money market, the dollar added five paisas in cash-free market for buying at Rs135 and 10 paisas for selling at Rs135.40, while US currency closed unchanged in interbank for buying at Rs133.70 and for selling at Rs133.90. On ... Read More »

ANF seizes 4.25kg ice heroin at Islamabad Airport

Heroin Drugs Seized by the Counter Narcotics Police of Afghanistan

ISLAMABAD: The Anti-Narcotics Force (ANF) arrested the head of a drug pusher gang with 4.25-kilogram ice heroin worth millions of rupees at Islamabad Airport on Wednesday. The ANF sources said that during a search of baggage of passengers at Islamabad International Airport, 4.25-kilogram ice heroin was recovered. The ANF confiscated the recovered drug worth millions of rupees in the international ... Read More »

Shehbaz Sharif handed in NAB custody till Dec 6

Shehbaz Sharif

LAHORE: An accountability court on Wednesday extended Pakistan Muslim League-Nawaz (PML-N) President Shehbaz Sharif’s physical remand till December 6 in the Ashiana Housing scheme scam. Shehbaz, who has been in the National Accountability Bureau’s (NAB) custody since October 5 in connection to the case, was presented before an accountability court as the accountability watchdog sought an extension in his remand. ... Read More »