Business

Jahangir Hayat LAHORE: A Rs 680 million scam has been unearthed in which Allied Bank Limited (ABL) managers are said to have opened fake accounts, UBL Bank manger issued four fake guarantees, other accused persons formed a fake company, Ajwad Builders, struck a fake Joint Venture (JV) with Mehsood Engineers and Developers and attained contract…

Our Special Correspondent  LAHORE: Pakistan Tax Bar Association (PTBA) has proposed upgradation of the Punjab Revenue Authority PRA. PTBA senior…

M Jahangir Hayat LAHORE: President of the Islamic Republic of Pakistan Dr Arif Alvi has said that Pakistan will not only be having a good export…

Our Special Correspondent Lahore: Friends of Economic and Business Reforms (FEBR) President Kashif has urged the government to control volatility of rupee against the US dollar, as the industrial revival and economic growth is not possible without stability of local currency. Kashif Anwar said that Pakistani rupee continued its downward…

DGTO asked to issue SOPs to hold polls M Jahangir Hayat LAHORE: Lahore Chamber of Commerce and Industry (LCCI) election 2020-21 hangs in balance as…

The exports hold immense importance for Pakistan’s economy: LCCI Irfan Iqbal Sheikh SVP LCCI Ali Hussam Asghar emphasizes to resolve issues of bilateral…

The Group selects Tariq Misbah, Mardan Ali Zaidi, Malik Riaz and Sherin Arshad for Corporate Class candidates while Maqbool Ahmad, Shahzad Butt, Imran Bashir and Shahid Nazir for Associate Class M Jahangir Hayat LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Founders Group has finalized its Corporate and Associate…

Observe as next to impossible for both taxpayers and lawyers to cover distance of 700km for tax affairs M Jahangir Hayat Lahore: Pakistan Tax Bar…

Pir Syed Nazim Hussain Shah, Murdan Ali Zaidi, Khadim Hussain, Mian Zubair have greeted LCCI Acting President Ali Hussam Asghar for taking charge Our Specil…

Jahangir Hayat Lahore: Global Ghani Glass Limited (GGGL) is all set to make an aggressive expansion of over Rs 7 billion in various stages during the current fiscal year. According to a company notification, the Board of Directors of Ghani Global Glass Limited in their meeting held at Corporate Office of the Company has decided to approve…

Our Special Correspondent Lahore: Federal Board of Revenue has stated that the response of builders, developers and taxpayers on the construction…

Meeting On Refunds Held in FBR HQ Our Special Correspondent LAHORE: Federal Board of Revenue (FBR) has decided to take action against irregularity,…

87 percent additional cases were registered in 2019-20 Our Special Correspondent LAHORE: Customs Lahore Anti-Smuggling Organization (ASO) has collected 87 percent additional cases of smuggled and contraband goods and vehicles in the Financial Year 2020-19. Sources told Customs Today that the additional 87 percent cases have been…

Our Special Correpondent LAHORE: The gross revenue collected in the FY ‪2018-19‬ was 3895 billion which has surpassed 4 trillion in FY ‪2019-20‬ for the…

Our special correspondent LAHORE: Federal Board of Revenue (FBR) has collected 411 billion revenue in the month of June, 2020 against the set target of 398…

Our Special Correspondent Lahore: There must be consistency in the policies and no way backs for quite some times for the long run growth and development while overnight shift in policies has also ways been disadvantageous. This was sated by Pakistan Businesses Forum (PBF) President and former FPCCI Chairman Standing Committee on Textiles,…

Our Special Correspondent Lahore: The Health Department has notified Pakistan Engeenring Congress (PEC) to approve bio medical equipments. In the…

Jahangir Hayat LAHORE: Punjab Finance Minister Makhdoom Hashim Javan Bakht has presented the budget 2020-21 in the Punjab Assembly with a total outlay of…

By Our Staff Correspondent KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir said that our economic fundamentals remain strong to tackle the economic challenges that have emerged due to coronavirus pandemic. “Prior to this pandemic our economic situation was improving, the stock market was going upward, the exchange rate was being…

Our Special Correspondent LAHORE: Bank of Punjab (BOP) has unveiled its financial results for the 1st quarter ended March 31, 2020, wherein the net…

By Our Staff Reporter LAHORE: The Chairman of Mustafai Business Forum of Pakistan, Sheikh Muhammad Tahir Anjum has said that around 12 billion units of…

Our Special Correspondent LAHORE: The commercial and industrial importers have asked the Prime Minister to take action against those companies, which have continuously been violating the government advice and refusing the clear directions of various state agencies like FBR and EDB to relax detention and demurrage charges at least in lockdown…

Our Special Correspondent LAHORE: Lahore Chamber of Commerce and Industry (LCCI) office bearers Saturday congratulated Chela Ram Kewlani on becoming…

Our Special Correspondent LAHORE: The Friends of Economic and Business Reforms has appealed the central bank to formulate some financial policy for…

Pakistan Hosiery Manufacturers & Exporters Association profoundly appreciates the government's initiative to expedite refunds to exporters under FASTER system. However, in order to ease and facilitate exporters liquidity problems in this most difficult times, PHMA also requests for release of old deferred sales tax refund & income tax…

Our Special Correspondent LAHORE: The commercial and industrial importers have continued seeking relief of demurrage & detention at ports as after…

PSX considers the trades as valid On Friday evening: management Our Special Correspondent Lahore: Trending continued for three additional minutes at…

M Jahangir Hayat LAHORE: Directorate Customs Investigation and Intelligence Anti-Smuggling superintendent has been tested COVID-19 as positive and is admitted to 1000-bed quarantine at the Expo Centre Lahore. Lahore Customs I&I Superintendent Younis Qadri told Daily The Business that upon fever he applied for a leave on Thursday, however,…

By M Jahangir Hayat Pakistan needs to take tough economic decisions amid pandemic as it has lost over $6 billion in trade with China, US and EU alone during…

Asks for deferment of gas, electricity, other bills Says 70pc percent wages payment to employees is not an individual's demand Jahangir Hayat LAHORE:…