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ISLAMABAD: All customs officers including incumbent Customs Intelligence and Investigation Director General (DG) Shaukat Ali have surrendered and parked all non-custom paid, tampered luxury vehicles, which were allegedly in their personal use for a long time, it has been learnt. Surprisingly, following the reservations of the Supreme Court of Pakistan...
KARACHI: The sales of automobiles including LCVs, Vans and Jeeps managed to sell 218,301 units in the last ten months (July-April 2017-18), up 23 per cent Year on Year (YoY) and increased 14 per cent on Month on Month (MoM) basis.The sales of automobiles grew to 25,567 units, up...
LAHORE: Country needs a minimum of 8 per cent GDP growth to create more jobs for its expanding population, speakers at a seminar held at a local hotel here on Wednesday agreed.The seminar titled ‘Investment Climate Enablement Seminar’ held by the Planning and Development Department of the Government of...
ISLAMABAD: The Auditor General of Pakistan (AGP) is not likely to conclude the special audit of international tobacco companies operating in the country within the given time period and is also unlikely to submit an audit report before the Public Accounts Committee (PAC) by 23 May 2018, sources said. Well-informed...
ISLAMABAD: As the country is yet to set up a trade dispute resolution body, the number of long-standing trade disputes has jumped to over 500, giving a bad name to the nation. Although the Ministry of Commerce (MoC) has set up the Trade Dispute Resolution Organization (TDRO) in 2015...
ISLAMABAD: To provide uninterrupted power supply to consumers during the month of holy Ramazan, the industrial sector will have to bear the brunt of power outages of 10 hours daily.All the slogans and claims of the government of ending power outages seem to have been a mirage and have...
Pakistan and China have signed an agreement Pakistani Prime Minister Shahid Khaqan Abbasi says the China-Pakistan Economic Corridor, known as CPEC, is bearing fruit, providing Pakistan with a platform to achieve development and prosperity. CPEC is seen as a flagship project under the Belt and Road Initiative. Pakistan and China have...
The ongoing political uncertainty in the country took its toll on the Pakistan Stock Exchange (PSX) on Monday, with the KSE-100 index falling more than 900 points.The benchmark KSE-100 index has lost over 900 points to reach the level of 42,658 points as recorded at 1pm. A -2.21% change...
SIALKOT: The Ambassador of Vietnam to Pakistan Pham Hong Kim on Monday said that Vietnam and Pakistan have been actively considering signing a ‘Free Trade Agreement’ (FTA) to boost bilateral trade between the two countries.Addressing the members of Sialkot Chamber of Commerce and Industry (SCCI), he added that the...
LAHORE: Pakistan Furniture Council (PFC) will display Pakistani handmade world-class traditional furniture products in the Mexican International Furniture Fair to be held from May 23. This was decided at a board of directors meeting held under the chair of PFC Chief Executive Mian Kashif Ashfaq here on Monday. He said...

Opinion

remittances unpaid

Of unpaid refunds & figure fudging — II

Everybody knows that collection shown by FBR contains blocked refunds of billons, advances from government-owned corporations and amounts extorted, though not yet due. The...