Business & Industry

Special teams of tax officials of the Federal Board of Revenue (FBR) have started full scope online inspections of the offices of jewelers and developers/builders in Islamabad and Rawalpindi under the Anti-Money Laundering Act, 2010. The Directorate General of Designated Non-Financial Business and Professions (DNFBPs)  has issued notices to the developers/builders and jewelers for online […]

Federal Board of Revenue (FBR) Member Customs (Policy), Syed Hamid Ali, categorically denied any possibility of any new amnesty scheme for the legalization of non-duty paid smuggled cars plying in the country. While briefing the National Assembly Standing Committee on Finance, FBR Member Customs (Policy), Syed Hamid Ali, informed that the customs will launch a

Half a dozen cement companies have announced expansion plans in the past few months. This boost to the cement sector is said to have come from the Prime Minister’s focus on the construction sector in a bid to boost the economy, reported Bloomberg. A year after Prime Minister’s incentives for the construction sector, Lucky Cement Ltd.,

One of Pakistan’s checkout solution websites called ‘bSecure’ conducted an internal CRM search to learn more about the e-commerce dynamics in the country. A team member of bSecure, Adam Dawood, took to Twitter and shared the salient points of what was found. Note that the following conclusions have been drawn from one company’s search parameters

A Meeting of the Senate Standing Committee on Industries and Production was held under the chairmanship of Senator Syed Faisal Ali Subzwari at the Parliament.   The members of the Committee received a comprehensive briefing from the Secretary, Ministry of Industries & Production, on how the Industries and Production Division aims to facilitate industrial growth

The Federal Board of Revenue (FBR) has allowed the owners of petroleum (POL) products including petroleum, LNG, oil, and lubricant products to export such POL products to any foreign territory including by way of direct sale or third party without filing Electronic Import Form (EIF). According to a notification, SRO 472(I)2021 issued here on Saturday,

Pakistan will start exporting mobile phones and motorcycles next year, as declared by Abdul Razak Dawood, the Adviser to the Prime Minister on Commerce, Textile, Industries, Production and Investment. He added that exporters should focus on the nontraditional sectors to increase exports. Dawood said there is an acute dearth of manufacturing units for shirts, suits,

A meeting was convened by the Advisor to the Prime Minister for Commerce and Investment, Abdul Razaq Dawood, to discuss the issues related to the salt industry and export enhancement plans. The meeting was attended by the All Pakistan Salt Association (APSA) and the senior officers of the Ministry of Commerce. Dawood welcomed the association,

Pakistani auto industry is having an eventful year. New cars launching every week or so, car prices going down in the new auto policy. Here’s another piece of news that will make things great from good. The Punjab government is planning to set up an Auto Parts Technology Park near Lahore. Cheers! Punjab’s Minister For

The Senate Standing Committee on Finance has issued instructions to the Ministry of Finance, Commerce Ministry, and the State Bank of Pakistan (SBP) to thoroughly investigate the matter of PayPal’s reluctance to operate in Pakistan. On a complaint received at the Parliament House, the Senate standing committee on Finance headed by Senator Talha Mehmood has