Quantcast
Thursday , August 24 2017
Breaking News
Home / Business

Business

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

Acting NAB chairman emphasises role of forensic science in modern era

nab

ISLAMABAD: Acting Chairman of National Accountability Bureau (NAB) Imtiaz Tajwar on Wednesday emphasised the role of forensic science in the modern era for investigation of white collar crimes and appreciated the efforts of Australian Federal Police in establishment and capacity enhancement of NAB Forensic Science Laboratory. A delegation from Australian Federal Police (AFP), Australian High Commission Islamabad comprising Commander Glen ... Read More »

KPOGCL, Halliburton sign MoU to collaborate in oil, gas projects

handshake - join hand

ISLAMABAD: Khyber Pakhtunkhwa Oil and Gas Company Limited (KPOGCL) and Halliburton, a world-known US company, Wednesday signed a Memorandum of Understanding (MoU) to collaborate in oil and gas exploration projects which will be executed in the province. CEO KPOGCL Raziuddin Razi and Senior Vice President Middle East and North Africa Ahmed Kenawi signed the agreement here at the KP House, ... Read More »

ERKF Project organizes awareness seminar for local industrialists

economic-growth2

PESHAWAR: Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) Project organized an awareness seminar regarding the projects for the Industrial Association Peshawar (IAP) here in Industrial Estate, Hayatabad and invite them to take benefit from the project. Besides, the officials of ERKF Project and Senior Manager, SMEDA, Rashid Aman, Chairman, IAP, Zarak Khan, Vice Chairman, Haris Mufti, a representative of ... Read More »

SECP submits record of Dar’s companies to NAB

SECP 1

LAHORE: The Securities and Exchange Commission of Pakistan (SECP) has submitted records of companies owned by Finance Minister Ishaq Dar, his wife, two sons and daughter-in-law itothe National Accountability Bureau’s (NAB) Lahore office. The records, required as part of the bureau’s investigation into Dar’s assets in light of the Panama papers verdict, were submitted by SECP Joint Director Ali Adnan ... Read More »

SECP conducting probe into alleged BoP share manipulation

SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) Wednesday informed the Senate Committee on Finance, Revenue and Economic Affairs that it had started probe into case of alleged manipulation of share prices of Bank of Punjab (BoP) through underwriting. The Senate Committee was chaired by Senator Saleem Mandviwalla while among others, it was attended by senators Muhammad Mohsin Khan ... Read More »

Advance payments to sugar mills scam sent to NAB, PAC told

nab

ISLAMABAD: Ministry of Commerce Wednesday informed Public Accounts Committee (PAC) that matter related to the advance payment of Rs 1.158 billion to six sugar mills had been sent to National Accountability Bureau (NAB) for inquiry. The ministry revealed in the meeting that bank guaranteed for the only ten percent of the total amount was taken from these sugar mills. The ... Read More »

Gas companies to spend Rs 64.2b on reinforcing transmission network

liquid gas

ISLAMABAD: Sui Northern Gas Pipelines Limited (SNGPL) and Sui Southern Gas Company Limited (SSGCL) would spend around Rs 64.209 billion on upgradation of transmission and distribution network in their respective areas during the current fiscal year.  “The gas utility companies have planned to invest Rs 12,702 million on transmission projects, Rs 43,045 million on distribution projects and Rs 8,462 million ... Read More »

NAB investigating over 600 persons including Sindh MPAs, bureaucrats

NAB Qamar Zaman Chaudhry

KARACHI: The National Accountability Bureau (NAB) has started inquiries and investigations against more than 600 persons, including 15 lawmakers, mostly sitting MPs belonging to the PPP, in Sindh. This was revealed when a list was submitted to the larger bench of the Sindh High Court by NAB’s prosecutor-general during the hearing of identical petitions challenging Sindh government’s anti-corruption law that ... Read More »

NAB to initiate inquiry into Rs70b Gwadar land scam

Gwadar

QUETTA: The National Accountability Bureau (NAB) has announced to initiate inquiry into the irregularities committed in allotment of valuable state land in Gwadar. Irregularities worth Rs70 billion had been had been detected in costly state land of Gwadar where influential persons had got allotted 3,167 acre land through fraudulent means. “Some persons having the patronage of influential people allegedly got ... Read More »

NAB ‘preparing’ references against Sharif family

NAB

ISLAMABAD: The National Accountability Bureau (NAB) has decided not to send more notices to former prime minister Nawaz Sharif and his children. Instead, it will begin preparing references against them in light of the Supreme Court’s July 28 verdict. According to a senior NAB official, the investigation team has fulfilled that requirement and NAB can now file a reference. He ... Read More »

Three human smugglers arrested

fia

FAISALABAD: FIA teams arrested three human smugglers on the charge extortion of money from citizens. According to FIA officials, accused Ghulam Raza, resident of chak 219-JB, extorted Rs 930,000 from a citizen, Muhammad Usman, on the pretext of sending him to England. But he neither sent him abroad nor returned his money.Similarly, a citizen Sarfraz Ahmad filed a complaint against ... Read More »

SBP talent hunt coaches training camp started

sbp

LAHORE: The first phase of Punjab Chief Minister Talent Hunt Programme coaches training camp started here on Wednesday at Punjab Stadium under the auspices of Sports Board Punjab.  In the first phase, the training process has started for 180 coaches of five games, including cricket, hockey, football, table tennis and badminton. Addressing the inaugural ceremony of coaches training camp, Director ... Read More »

US experts hold workshop to support Pakistan Water Dialogue Project

unnamed

LAHORE: Three experts from the United States Department of Agriculture (USDA) Islamabad are conducting water-resource workshops in Islamabad this week to support the Pakistan Water Dialogue Project.  Eighty-five senior officials and technical experts from the federal and provincial ministries, universities, and NGOs are attending the events, which were organized by USDA and the International Center for Agricultural Research in the ... Read More »

Pak Apparels Export Council on the cards: PRGMEA Chairman

handshake - join hand

SIALKOT: Central Chairman Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA) Ijaz A Khokhar has said  there was active consideration to set up `Pakistan Apparels Export Council’ to facilitate business community of the country. Talking to APP on Tuesday, he said that PRGMEA completed initial work for the establishment of the proposed council. Ijaz disclosed that a board will be ... Read More »

Call for lowest separate tariff for export sectors, funds, better facilities to textile industry

TEXTILE MACHINERY

KARACHI: Pakistan Hoesiery Manufacturers and Exporters Association (PHMA) reiterated its demand for a separate and the lowest possible tariff of the utilities for export sectors to make these competitive in the region, which is very essential to jack the declining exports and boost these further. The cost of doing business in Bangladesh, India, Sri Lanka and China was very low ... Read More »

LHC issues notices to ANF in Abbasi case

LHC

RAWALPINDI: A division bench of the Lahore High Court (LHC) has issued notices to high-ups of Anti-Narcotics Force (ANF) seeking their written response by September 4 in response to a petition filed by PML-N leader Muhammad Hanif Abbasi against the seizure of his bank accounts. The division bench of LHC Rawalpindi Bench comprising of Justice Malik Shahzad Ahmed Khan and ... Read More »

NAB again summons Nawaz Sharif, family members and Ishaq Dar

?????????????????

ISLAMABAD: The National Accountability Bureau (NAB) has once again summoned former prime minister Nawaz Sharif and family members – his two sons Hussain and Hassan, his daughter Mariam, and son-in-law retired Capt Safdar – as well as Finance Minister Ishaq Dar to appear before investigators today. However, given Dar’s review petition against the Panamagate verdict yesterday and the Sharif family’s ... Read More »

IRSA releases 284,000 cusecs water

IRSA

ISLAMABAD: The Indus River System Authority (IRSA) Tuesday released 284,000 cusecs water from various rim stations with inflow of 261,400 cusecs. According to the data released by IRSA, water level in the Indus River at Tarbela Dam was 1544.30 feet, which was 164.30 feet higher than its dead level 1380 feet. Water inflow in the dam was recorded as 164,100 ... Read More »

Police inspector, six accomplices held for running fake FIA cell

FIa

ISLAMABAD: A Sindh police inspector posted in the Counter Terrorism Wing of the Federal Investigation Agency (FIA) on deputation has been arrested along with six accomplices by Nabi Bux police on charges of running a private cell and harassing citizens. A raid on the cell located in the Saddar area led to the seizure of 136 costly mobile phones and ... Read More »

Nestle Pakistan records 10% growth

nestle

KARACHI: Nestle Pakistan recorded a positive performance in the first half of 2017, posting a growth of 10%, and an overall increase in its total revenue by Rs 5.64 billion.  A statement on Tuesday said that the company reported overall earnings of Rs 7.93 billion for the six months ended on June 30, 2017 as compared to Rs 6.42 billion ... Read More »