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Tag Archives: Faisalabad

Opening: KSE starts week with positive note, gains 94 points

KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index started the trading week on Monday positively and gained 94.50 points to stand at 30253.13 and volume of 12,895,560. Last week KSE opened with a slow start after five days closure on weekend and Eidul Adha holidays and gained 46.72 points in the week-long trading, as it opened at 30103.23 points on Thursday ... Read More »

Shelving proposed textile mill

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According to newspaper reports, Chinese investors have refused to set up a textile mill in Faisalabad, apparently due to political instability in the country. Earlier in 2013, some Chinese businessmen had visited the city and had decided to set up a textile mill, suggesting being one of the biggest in the world, having 6 million spindles. An agreement had been ... Read More »

Customs shuffles additional collectors Faisalabad, Multan

transfer

MULTAN: Customs has transferred Additional Collector Faisalabad Customs Ghulam Mustafa to Model Customs Collectorate Multan. As per details, Additional Collector of Customs Multan Asif Abbas will now serve as additional collectorate Faisalabad, on the post vacant due to transfer of Ghulam Mustafa. Asif Abbas served as an additional collector in the customs collectorate Multan for almost two years. During his ... Read More »

Textile exporters press govt for early tax refund

textile-industry

PTEA chairman says textile exports are crumbling and industry and business are squeezing due to non-availability of funds and energy   FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to expedite the process of paying billions of rupees outstanding tax refunds for maximum industrial growth and significant increase in exports. PTEA Chairman Sohail Pasha and Vice Chairman ... Read More »

ANF seizes drugs worth Rs214.8m in 7 raids

ANF

ISLAMABAD: Anti-Narcotics Force has recovered drugs including 75.5kg opium, 10.6kg charas and 8kg heroin in seven successful operations conducted against drug traffickers in Faisalabad, Lahore, Sialkot, Kasur, Peshawar and Gilgit. During these operations, ANF has also arrested 11 persons including 2 lady smugglers and confiscated vehicles. The value of seized drugs, being transported to local markets, amounts to approximately Rs214.8m ... Read More »

ANF seizes narcotics worth Rs5.75b

ANF

ISLAMABAD: The Anti-Narcotics Force claimed to have captured 3.1 tonnes of narcotics and arrested eight drug smugglers. The force claimed that the seized drugs worth was amounting to Rs5.75 billion. The narcotics were recovered during different raids carried out in Faisalabad, Lahore, Khanewal, Hyderabad and Pishin and. According to an ANF press release, most of the seized drug was destined ... Read More »

ANF seizes 105kg drugs, arrests six peddlers

drugs

ISLAMABAD: The Anti-Narcotics Force (ANF) claimed to have recovered 105kg of narcotics and arrested six drug smugglers. The ANF also impounded three vehicles during raids in Faisalabad, Lahore, Mansehra, Peshawar and Gwadar. The seized narcotics included 103kg hashish, 1.2kg opium, 500 grams heroin and 400 grams amphetamine. According to details, the Balochistan ANF seized 93kg of charas from a site ... Read More »

ANF seizes drugs worth Rs520m in 11 raids

Drugs

ISLAMABAD: The Anti-Narcotics Force (ANF) captured 333 kgs of drugs including 300 kgs of Charas, 12 kgs of heroin and 20.4 kgs of opium during 11 raids carried out in Islamabad, Rawalpindi, Jhelum, Attock, Lahore, Faisalabad and Mardan. The force also arrested 16 peddlers and seized nine vehicles. Value of the recovered drugs is said to be Rs520 million in ... Read More »

Vehicle amnesty scam: FBR seeks replies from delinquent officers by Sep 10

Impounded vehicles

KARACHI: The Federal Board of Revenue (FBR) has directed the customs officers, who were charged for corruption in vehicle amnesty scheme, to submit their replies by September 10, 2014. FBR Member Administration Shahid Jatoi has charge-sheeted 25 officers from BPS-17 to BPS-20, including Dr Zulfiqar Malik, the then collector appraisement, Sarfaraz Warraich, the then collector at Sambrial and Dr Naeem ... Read More »

FBR blacklists 3,058 industrial, trade units

blacklist

ISLAMABAD: The Federal Board of Revenue (FBR) has blacklisted 3,058 industrial and trade units for alleged tax evasion and fake invoices, causing billions of rupees losses to the national exchequer during last six years. These blacklisted industrial and business units, including textile mills and dozens of other units situated in Faisalabad, Sialkot, Multan, Quetta, Gujranwala, Sargodha, Rawalpindi, Islamabad and Hyderabad. ... Read More »

ANF seizes narcotics worth Rs 244m, arrests 15 smugglers

Drugs

ISLAMABAD: The Anti-Narcotic Force (ANF) claims to have recovered 578 kilogramme charas, 13.45 kilogramme heroin, six kilogramme opium and 500 gramme amphetamine during 12 raids carried out in Islamabad, Attock, Faisalabad, Peshawar, Gilgit, Quetta and Karachi. The force also arrested 15 peddlers, including a woman and seized three vehicles. According to details, the Peshawar ANF intercepted a tractor-trolley near Kachagarhi ... Read More »

No activity at Islamabad Dry Port in two days

containers

ISLAMABAD: All sorts of export/import activities remained suspended at Islamabad Dry Port after the local administration cordoned off the capital with containers in a bid to avert entry of the PTI and PAT marchers, cutting the economy to the bone. The Islamabad Dry Port authorities claimed that the port had been suffering millions of rupees losses on a daily basis ... Read More »

FBR transfers Grade 19-20 Customs bigwigs

Pics

ISLAMABAD: FBR has announced transfers/postings of 15 Grade 19-20 Customs Officers with immediate effect. As per notification, Juneid Akram has been transferred as Director, Directorate of Intelligence & Investigation, FBR, Faisalabad on return from NMC, Muhammad Ibrahim Vighio (BS-20) has been transferred from Collector, Model Customs Collectorate, Hyderabad to Director, Directorate of Transit Trade, Karachi. He will hold additional charge ... Read More »

ANF recovers 1kg heroin, held two drug-peddlers

ANF6

 MULTAN: Anti Narcotics Force (ANF) Multan recovered one Kilogram Heroin from two passenger at Multan Airport here the other day. As per detail, Anti Narcotics Force has arrested two passengers from Multan Airport and recovered one kilogram heroin during routine checking.The ANF Multan Airport team intercepted the passengers named Mohammad Asif r/s of Faisalabad and Naseer r/s of Jhang in flight ... Read More »

FBR to start awareness campaigns about revised finance bill

FBR

Islamabad: Federal Board of Revenue (FBR) has decided to organize seminars and conferences with collaboration of chambers of commerce and trade unions to guide business community on revised finance bill. As per details, FBR Chairman Tariq Bajwa directed FBR Member Tax Facilitation Riffat Shaheen, to start nationwide awareness campaigns for business and trade community on revised bill. The decision has ... Read More »