GWADAR: In a major crackdown on smuggling activities, the Directorate of Intelligence & Investigation Customs, Gwadar, under the leadership of DG Faiz Ahmed and Director Jamshed Talpur, has successfully conducted a series of anti-smuggling operations. The collaborative efforts with the District Police and Frontier Corps over the past two days have led to significant seizures […] The post I&I Gwadar seizes smuggled goods valued over Rs125 million appeared first on CustomsNews.pk Daily ..read more

Lahore: National Foods Limited (NFL) has embarked on a remarkable journey of import substitution through project Seed To Table. By means of formal partnerships with progressive farm-managing companies, National Foods Limited aims to empower local farmers and fortify Pakistan’s agri value chain. NFL, fueled by the vision of reshaping Pakistan’s agricultural landscape, launched the ‘Seed […] The post National Foods aims to reduce Pakistan’s Dependency on Imported Raw Materials appeared first on CustomsNews.pk Daily ..read more

ISLAMABAD: The Competition Commission of Pakistan (CCP) has noticed with great concern that some businesses and individuals are making false and misleading offers of easy money and earning enormously quick returns in their advertisements about multi-level marketing (MLM)/ pyramid schemes with several levels of compensation. Applicants are required to pay money upfront in order to […] The post CCP CAUTIONS CONSUMERS ABOUT MULTI-LEVEL MARKETING (MLM) AND PYRAMID SCHEMES appeared first on CustomsNews.pk Daily ..read more

ISLAMABAD: The Securities and Exchange Commission of Pakistan has proposed amendments to the General Takaful Accounting Regulations, 2019, allowing non-life insurers to present their complete takaful results in their financial statements. The amendments, proposed vide SRO 569(I)/2024, have been placed on SECP’s website to solicit public opinion and suggestions thereon. The complete disclosure of revenues […] The post SECP proposes amendments to General Takaful Accounting Regulations, 2019 appeared first on CustomsNews.pk Daily ..read more

Karachi: Mr. Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI),has welcomed the launch of direct flights between the Islamic Republic of Pakistan and the Republic of Azerbaijan, as it will usher into a new era of business, trade, industrial and economic cooperation. Thus, the Republic of Azerbaijan offers […] The post FPCCI Welcomes Direct Flights Between Islamic Republic of Pakistan and Republic of Azerbaijan, Atif Ikram Sheikh appeared first on CustomsNews.pk Daily ..read more

The total liquid foreign reserves held by the country stood at US$ 13,280.5 million as of 19-Apr-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves held by the State Bank of Pakistan: US$ 7,981.2 million ii) Net foreign reserves held by commercial banks : US$ 5,299.3 million iii) Total liquid […] The post Pakistan’s Liquid Foreign Reserves Position appeared first on CustomsNews.pk Daily ..read more

Engro Corporation’s revenue from continued operations grew by 45% to PKR 104.3 bn versus PKR 72.1 bn in 2023, as per Q1 results announced on PSX. Consolidated PAT of Q1 stood at PKR 10.4 bn (EPS 10.66) versus PKR 8.8 bn in 2023. Higher profitability on account of higher fertilizer sales, improved margins, efficient plant […] The post ENGRO announces strong results for 1st Quarter 2024 appeared first on CustomsNews.pk Daily ..read more

KARACHI: Five Special Custom Reference Applications filed by Collector of Customs against M/s S.K. & Company in 2016 were dismissed in Limine by a custom appellate bench of High Court of Sindh. When the SCRA No 663 to 667 of 2016 came up for hearing challenging a common interim order passed by Custom Appellate Tribunal […] The post SCRAs dismissed after eight years as not maintainable appeared first on CustomsNews.pk Daily ..read more

KARACHI: Prime Minister Shehbaz Sharif, after listening to the grievances highlighted by the Karachi Chamber, immediately directed all the relevant Federal Ministers and Secretaries to hold meeting with KCCI so that the issues being faced by business community could be extensively discussed to agree upon solutions whereas he himself would personally review the outcome of […] The post Federal Ministers/Secretaries directed to hold further discussions, PM to personally review outcome on May 1 appeared first on CustomsNews.pk Daily ..read more

Islamabad: The vibrant atmosphere of collaboration and innovation continued to flourish on the second day of the highly anticipated 7th Edition of the LEADERS IN ISLAMABAD BUSINESS SUMMIT (LIIBS). Hosted at a local hotel in Islamabad, the event brought together visionary leaders, entrepreneurs, and stakeholders to drive economic development on both regional and global scales. […] The post Day 2 of LIIBS 2024 – Uniting Visionaries for Collaborative Growth appeared first on CustomsNews.pk Daily ..read more