Wednesday , April 25 2018
Breaking News
Home / Business

Business

Stay updated with Business News, Pakistan Taxation news, Current world customs news and latest FBR news with Customs Today

Seafood exports up 14.43pc in 9 months, 42.67pc in March

SEAFOOD

ISLAMABAD: The exports of fish and fish preparations witnessed increase of 14.43 percent during the first three quarters of the current fiscal year against the exports of the corresponding period of last year. Pakistan exported seafood worth $315.597 million during July-March (2017-18) against the exports of $275.807 million in July-March (2016-17), showing growth of 14.43 percent, according to latest data ... Read More »

NAB approves reference in land fraud case

NAB 3

ISLAMABAD: National Accountability Bureau (NAB) has approved reference against former Naib Tehsildar, Muhammad Ramzan and others for allegedly causing Rs 19.833 million loss to national exchequer. The other accused are former Revenue Patwari, Rab Nawaz Khan, Saqib Taj Din and Muhammad Zain ul Abidin. As per details, the accused Muhammad Ramzan, former Naib Tehsildar, Rawalpindi in connivance with Rab Nawaz ... Read More »

Rice exports increases 27.67% in 9 months

export

ISLAMABAD: Rice exports from the country during first 9 months of current financial year increased by 27.67 percent as compared the exports of the corresponding period of last year. During the period from July-March, 2017-18, about 3,132,997 metric tons of rice worth US$ 1.494 billion exported as compared the exports of 2,681,253 metric tons valuing of US$ 1.170 billion of ... Read More »

FIA arrests youth for harassing woman

FIA

LAHORE: The FIA Cyber Crime Circle (CCC) Lahore has arrested a youth involved in harassing a woman on social medial.  According to FIA spokesman, Jameela Begum of Lahore filed a complaint that accused Mehr Imtiaz Ali black mailed her daughter and harassed her. The FIA team conducted a raid at Sabza Zar and arrested the accused. The team also recovered ... Read More »

Pak-Iran to increase cooperation in tourism

handshake - join hand

ISLAMABAD: Managing Director, Pakistan Tourism Chaudhry Abdul Ghafoor Khan has said that Pakistan and Iran had agreed to increase cooperation in tourism sector. Addressing Pakistani pilgrims in Iran during his five-day visit at Shrine of Imam Raza, he said that providing proper facilities for accommodation, increasing frequency of flights and transport was our primary priority, which would increase the flow ... Read More »

TDAP taking steps to lift ban on Animal Casing Industry in Japan

TDAP

LAHORE: The prospects of animal casings export to Japan are brighter as private sector working in Pakistan has improved its efficiency and product level. Japanese experts Atsushi Kajwara and Ken Murata from the Ministry of Agriculture, Forestry and Fisheries expressed these views during their visit to United Casings and CoCo Traders Lahore, according to a spokesman for Trade Development Authority ... Read More »

CPEC project to benefit 220 million people of Pakistan: Shehbaz

shahbaz sharif

LAHORE: PML-N President and Punjab Chief Minister Muhammad Shehbaz Sharif Monday said the China-Pakistan Economic Corridor (CPEC) was not limited to any of the provinces but was a gigantic project for the whole of Pakistan. “It’s not a project of building roads and bridges only but a broader initiative of inter-connecting different ontinents, regions and countries,” he added. He expressed ... Read More »

CPEC will make Pakistan hub of development: Ahsan Iqbal

Ahsan Iqbal

KARACHI: Federal Minister for Planning and Development Ahsan Iqbal Monday said that Pakistan will become hub of development with the help of China Pakistan Economic Corridor (CPEC). This he said while addressing the inaugural session of two-day CPEC summit, being hosted by Dawn Media Group in collaboration with the Ministry of Planning and Development at Bagh-i-Jinnah here. He said the ... Read More »

Textile exports surge 7.77pc in 9 months

Textile

ISLAMABAD: The textile group exports from the country increased by 7.77 percent during the first three quarters of current fiscal year as against the exports of the corresponding period of last year. The exports of textile were recorded at $9.99 billion during July-March (2017-18) against the exports of $9.27 billion during July-March (2016-17), according to data released by Pakistan Bureau ... Read More »

FBR asked to consider tax-related proposals of engineering industry

budget proposals

ISLAMABAD: The country’s engineering industry has urged the Federal Board of Revenue (FBR) to consider its tax-related proposals in the federal budget 2018-19. The National Assembly Standing Committee on Industries and Production has been informed that the budget exercise which should have been concluded in January 2018 was so delayed that in fact proposals were received by FBR on April ... Read More »

Misconduct, negligence: Near dozen of NAB officers fired

Px09-050
QUETTA: Jun09 – Justice (Retd) Javed Iqbal speaks during a press conference in Quetta.
ONLINE PHOTO by Ahmad Kakar

ISLAMABAD: The National Accountability Bureau (NAB) has removed 23 officers from service on charges of misconduct and negligence, while 32 others have been awarded penalties. According to a NAB spokesman, the disciplinary action has been initiated against a total of 85 officers on the orders of NAB chairman retired Justice Javed Iqbal. “The NAB chairman is of the view that ... Read More »

Industrial sector grows at 5.8pc in FY2018

GROWTH

ISLAMABAD: The industrial sector of the country is projected to grow at 5.8 percent during the current fiscal year 2017-18 against the growth of 5.43 percent in 2016-17 and 5.69 percent in 2015-16. Among the industrial sector, the mining and quarrying sector would grow by 3.04 percent compared to the negative growth of 0.38 percent in 2016-17 and increase of ... Read More »

Proposal to grant property tax exemption to Cantonment Boards rejected

seals property

ISLAMABAD: The federal cabinet has refused to grant exemption to State Bank of Pakistan (SBP) from property tax in Cantonment Boards, fearing that any such decision would set a wrong precedent. The cabinet was informed that all Cantonment Boards had levied property tax on State Bank of Pakistan/banking Services Corporation buildings located in their respective jurisdictions, despite the fact that ... Read More »

NAB to probe KP tourism department

KP NAB

PESHAWAR: The regional board of the National Accountability Bureau (NAB) has initiated corruption inquiries against officials of Khyber Pakhtunkhwa’s Tourism Corporation Department. The decision came during a provincial board meeting chaired by DG NAB Peshawar Farmanullah Khan and attended by directors, deputy prosecutor general, case officers and other officials concerned, according to a statement issued after the meeting. The investigations ... Read More »

FIA arrests 10 deportees

fia

SIALKOT: The Federal Investigation Agency (FIA) has arrested ten people, deported from Turkey, soon after their arrival at Sialkot International Airport, here on Sunday. According to the FIA officials, the FIA has sent the accused behind the bars after registering separate cases against them. Further investigation was underway. Read More »

Govt urged to withdraw property tax in Bannu

property ttax

BANNU: Advisor to Chief Minister Malik Shah Muhammad Khan has asked the government to withdraw the 800 percent property tax levied in Bannu district. Speaking at a protest rally of the Muttahida Bannu Mahaz, he asked the government to withdraw the property tax which he said was unjust. He also said that Bannu was deprived of another National Assembly seat ... Read More »

KPRA launches tax registration drive

TAX

PESHAWAR: The Khyber Pakhtunkhwa Revenue Authority (KPRA) has launched registration drive in various districts of the province with full zeal and zest. A registration team consisting of Deputy Collector, Assistant collectors, Senior Auditors and Inspectors have started the scheduled visits in the districts of D I Khan, Bannu and Kohat. The team registered various persons as service providers in the ... Read More »

Tech industry lauds tax amnesty scheme

no-to-tax-amnesty-scheme-ef77df2003ce36f8fde8a8323403ad66

LAHORE: Tax Amnesty Scheme-2018 is in line with national interest and nothing is found against the national interest of Pakistan in the recently announced Tax Amnesty scheme. It is completely safe and secured scheme from both country and beneficiaries point of views. There will be no effect on the safety and security of beneficiaries of this scheme if future governments ... Read More »

KP NAB orders several inquiries

NAB

PESHAWAR: The National Accountability Bureau, Khyber Pakhtunkhwa, has authorised a number of inquiries. NAB KP Director General Farmanullah Khan chaired the regional board meeting, which took the decisions. Directors, deputy prosecutor general (DPGA), case officers and others attended the meeting, said a press release. The board authorised an inquiry against employees of the Tourism Corporation Khyber Pakhtunkhwa and others about ... Read More »

Karachi load-shedding issue resolved; SSGPL to provide gas to KE: PM

shahid khaqan

KARACHI: Prime Minister Shahid Khaqan Abbasi has said the dispute between the Sui Southern Gas Pipelines Ltd (SSGPL) and Karachi Electric (KE) has been resolved, putting an end to the power outages that plagued the port city for the past several weeks.  Talking to media after chairing a meeting of the Cabinet Committee on Energy here at the Governor House, ... Read More »