California woman sentenced to prison for smuggling military jet engines to China

PARIS: French customs officials said Friday they had intercepted some 2,000 dead seahorses, prized in Asia for use in traditional...

Thai SCCC seals buyout of LafargeHolcim’s Sri Lanka unit for $400m

COLOMBO: In two developments in Asia, Thailand’s Siam City Cement Public Company Limited (SCCC) has completed the buyout of Sri...

Pak Elektron’s net profit rises from Rs1.39b to Rs1.73b in 2Q

KARACHI: Pak Elektron (PAEL) posted a net profit of Rs1.73 billion in the second quarter ended June 30, up 24%...

Nepra to impose 70 paisas per unit charge on Sindh, Punjab power line

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) has decided to impose an additional charge of 70 paisa per unit...

Customs impound 31 containers of rice at Lagos port

ABUJA: The Nigerian Customs Service (NCS) has impounded 31 containers of rice that was illegally imported into the country. The...

PD Ports invests in its high flyers to achieve business success

WASHINGTON: PD Ports’ employees have increased their skills and career prospects while helping to grow the award-winning port and logistics...

Cowichan Bay harbor , Vancouver Island, British Columbia, Canada

Shipments down at B.C. ports in face of a weak global economy

WASHINGTON: Shipments through British Columbia’s key ports declined in the first half of 2016 and post officials are blaming the...

Couple arrested while smuggling 4kg charas to Punjab

SWABI: A couple has been arrested while smuggling four-kilogramme charas to Punjab in Swabi. According to the police, a man...

LCCI flays valuation mechanism, calls for withdrawing massive increase

LAHORE: People from garments, mobile accessories, stationary and various other sectors have sought the LCCI help on the issue of...

Election meeting of LCCI-FG held at Gymkhana

LAHORE: Founders Group of the Lahore Chamber of Commerce & Industry (lCCI) will not only continue efforts for economic boost...

KCCI shows concern for resolving property valuation issue on priority basis

KARACHI: Karachi Chamber of Commerce & Industry (KCCI) President Younus Muhammad Bashir has said that there was absolutely no solution...

FBR exempts tax on import of machinery for motorway

ISLAMABAD: The Federal Board of Revenue has exempted income tax on import of plant, machinery and equipment to be used...

Valuations for rubber thread, tooth brushes, solar charge controller issued

KARACHI: Directorate of Customs Valuation has issued three valuation guidelines for the rubber thread, tooth brushes and solar charge controller...

Customs revises valuation of menthol crystals

KARACHI: Federal Board of Revenue’s Directorate of Customs Valuations has revised the values of menthol crystals. Customs Valuation Director General...

Tax paves way for surplus

LONDON: The UK last month posted a surplus as the government’s tax take was boosted by the first payments under...

Thailand’s PTT to Boost LNG Imports

BANGKOK: Thailand's largest energy firm PTT plans to import at least five million tons of LNG in 2017, up from...

Profits down 80% top chicken producer cites dumped Imports

CAPE TOWN: Record levels of dumped chicken imports and an oversupplied domestic poultry market contributed to as much as an...

BPN cost taxpayer over €3.2 bln so far

LISBON: The total cost of the nationalisation of failed bank Banco Português de Negócios (BPN) for the state was more...

Polish industrial production expected to grow in August