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Rangers foil bid to smuggle Indian gutka, hand over to Customs

Gutka

KARACHI: The Pakistan Rangers Sindh has claimed to have foiled a bid to smuggle Indian gutka into the metropolis. The spokesperson of the paramilitary force said they were conducting snap checking on Mauripur Road in Lyari when they spotted five pickups. “We stopped the vans and searched them. During the search, we found 5,000 kilogrammes of gutka hidden inside them. ... Read More »

Scandal of 56 companies: NAB summons six chief executives today

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

LAHORE: The National Accountability Bureau, probing mega scandal of 56 companies of Punjab, has summoned chief executives of six companies today (Thursday). The Bureau has summoned CEOs to probe their hefty salaries and other perks and privileges which they received allegedly in violation of law. It has summoned the bureaucrats including Capt (retd) Usman, Dr Nasir Javed, Muhammad Ali Aamir, ... Read More »

NAB references: Nawaz hires Jahangir Jadoon as new legal counsel

Nawaz Sharif 1

ISLAMABAD: Former prime minister Nawaz Sharif on Thursday hired Jahangir Jadoon to advocate him in the references filed by National Accountability Bureau (NAB) after Khawaja Haris rescued himself from the case on June 11. Haris had announced his decision to withdraw from representing Nawaz in the NAB references during the hearing of Al-Azizia reference. Among other reasons for the decision, ... Read More »

Engineering goods export up 11.7pc

customs-export

ISLAMABAD: The export of engineering goods during July-April (2017-18) increased by 11.78 percent to $160.75 million as compared to the export of $143.8 million during first 10 months of previous fiscal year. The auto parts and accessories’ export witnessed an increase of 31.2 per cent as it rose to $14.03 million in first 10 months of current fiscal year from ... Read More »

NAB takes notice of illegal housing societies in Lahore

NAB 3

LAHORE: National Accountability Bureau (NAB) DG Lahore Shahzad Saleem has taken cognizance over existence of hundreds of illegal Housing Societies in Lahore and its adjoining areas. In this purview, NAB Lahore arrested three main accused involved in Public Health Engineering Cooperative Housing Society Case. The accused are known as former president Dr Muhammad Shafiq, ex-secretary general Muhammad Aslam and ex- ... Read More »

Ex-Secretary LU Department nabbed by NAB

NAB

KARACHI: The National Accountability Bureau (NAB) has arrested former Secretary Land Utilisation Department, Government of Sindh on the charges of illegal conversion of 70 acres of industrial land into residential/commercial land situated in Deh Phihai Korangi, Karachi. The accused Ghulam Mustafa Phull, former Secretary Land Utilisation Department Government of Sindh was arrested consequent upon the recall/rejection of his bail by ... Read More »

Mobile companies to give Rs100 load on Rs100 card from today

telecom sector, cellular companies

ISLAMABAD: After Supreme Court of Pakistan’s order of suspending all tax deductions by the cellular companies on mobile phone recharge, the cellular companies have received written order from the apex court to end all kind of taxes on mobile cards. Thus the mobile companies have decided to offer full Rs 100 balance on Rs 100 card starting from today 13th ... Read More »

Restrictions on non-filers: Car sales fall 15% in May

CAR INDUSTRY

KARACHI: Auto assemblers endured a drop of 15% in car sales in May 2018 on a month-on-month basis on the back of increase in vehicle prices and government’s restriction on non-filers of income tax returns that now cannot buy a new car. According to data released by the Pakistan Automotive Manufacturers Association (Pama), total car sales including light commercial vehicles ... Read More »

Pakistanis have invested 4,240b dirhams in UAE: FIA DG tells SC

Supreme Court

LAHORE: Federal Investigation Agency Director General Bashir Ahmed Memon has told the Supreme Court that Pakistanis had invested AED 4,240 billion in UAE and identified 635 properties owned by them. Bashir Ahmed Memon appeared before the three-member bench, headed by Chief Justice of Pakistan Mian Saqib Nisar and comprising Justice Umar Ata Bandial and Justice Ijazul Ahsan, which is hearing ... Read More »

SC directs NAB to assist commission preparing forensic report on Rs20b PKLI

Supreme Court

ISLAMABAD: The Supreme Court has directed the commission to complete its forensic report on Rs20 billion of Pakistan Kidney and Liver Transplant Institute (PKLI) and directed NAB to associate its two investigators for assistance of the commission and warned them not to harass anyone. A three-judge bench headed by Chief Justice of Pakistan Mian Saqib Nisar took up the matter ... Read More »

NAB orders investigation against corruption in Nandipur power project

nandipurproject

LAHORE: National Accountability Bureau (NAB) chairman Justice (r) Javed Iqbal has ordered to launch the probe into alleged corruption in Nandipur power project. The anti-corruption watchdog chief directed the investigations followings the order of the Supreme Court to examine corruption allegations with reference to the findings of the one-man commission of former Justice Rehmat Hussain Jafri on the Nandipur power ... Read More »

NAB arrests former land utilisation secretary in Karachi

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KARACHI: The National Accountability Bureau (NAB) claimed to have apprehended on Tuesday a former secretary over charges of illegal conversion of industrial land to a residential-purpose land. According to the NAB Karachi spokesperson, former land utilisation department secretary Ghulam Mustafa Phul’s bail was cancelled, along with two other suspects, Abu Bakar Dawood and Abdul Aziz Dawood. However, Phul had escaped ... Read More »

NAB making efforts for corruption-free Pakistan: Chairman

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

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal has said that NAB is committed to root out corruption in all its forms and manifestation by using all its resources with absolute professionalism, transparency, merit and as per law across the board. He said this while chairing a meeting to review performance of NAB at NAB Headquarters. Deputy Chairman ... Read More »

Traders flay hike in fuel prices

PETROLEUM PRODUCTS

LAHORE: The business community has severely criticised bulk increase in petroleum products prices and said that caretaker government has implemented a bad decision of Oil & Gas Regulatory Authority (OGRA), which must be withdrawn immediately. LCCI president Malik Tahir Javaid said that Oil & Gas Regulatory Authority (OGRA) is moving with closed eyes. “This body doesn’t care for economy, trade ... Read More »

Overseas Pakistanis remit $18 billion in July-May

REMITTANCES

ISLAMABAD: Overseas Pakistani workers remitted $18028.24 million in the first eleven months (July to May) of FY18, showing a growth of 2.95pc compared with $17511.12 million received during the same period in the preceding year. During May 2018, the inflow of workers’ remittances amounted to $1771.24 million, which is 7.30pc higher than April 2018 and 5.13% lower than May 2017. ... Read More »

Trade deficit widens to $33.9b in 11 months

Canada trade deficit widens

ISLAMABAD: The country’s trade deficit swelled to $33.89 billion during eleven months (July 2017 to May 2018) of the ongoing fiscal year (FY2017-18). The country’s trade deficit went up by 13.4 percent in one year. The trade deficit was recorded at $29.9 billion during the corresponding period of the previous fiscal year (FY2016-17), according to Pakistan Bureau of Statistics (PBS). ... Read More »

Caretaker govt increases petrol, diesel prices

Petroleum

ISLAMABAD: The caretaker government has announced to hike petroleum product prices with effect from midnight today, three days after it decided to keep these prices unchanged. Petrol price has been increased by Rs4.26 per litre; High Speed Diesel by Rs 6.55 per litre; Light Diesel by Rs 6.14 per litre and Kerosene Oil by Rs 4.46. With the latest hike, ... Read More »

Mamnoon signs Customs-related, other MoUs with China

Mamnoon Hussain

KARACHI: President Mamnoon Hussain reaffirmed Pakistan’s desire to act as a conduit between Eurasia, China, Central and South Asia and offered Pakistan-SCO Trade, Transit and Energy Corridor, through its territory. He expressed these views, addressing the 18th meeting of the Council of the Heads of State of SCO Member States at Qingdao China where he visited from 9-10 June, 2018, ... Read More »

SC suspends ‘exorbitant’ tax on prepaid mobile bills

Supreme Court

LAHORE: The Supreme Court on Monday suspended ‘exorbitant tax deductions’ on prepaid mobile cards. Chief Justice of Pakistan (CJP) Saqib Nisar gave two days for the order to be implemented at a hearing of the suo motu case at the apex court’s Lahore Registry. “Rs38.08 are deducted on a prepaid mobile card of Rs100,” CJP Nisar remarked. “This is illegal.” ... Read More »

Railways announces free travel for senior citizens over Eid

Pakistan Railways

LAHORE: Pakistan Railways on Monday announced that passengers aged 65 and above will be able to travel for free during the first two-days of Eid. The offer by the country’s railway applies to all trains and all seat classes. The announcement of the package came at the directives of caretaker Minister for Railways Roshan Khursheed. A notification was also issued ... Read More »