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Asian markets fall ahead of US-China tariff deadline

HONG KONG: Asian stocks fell Thursday as investors fretted over US-China tariffs due to kick in within hours and which threaten to plunge the world´s top two economies into an all-out trade war. The US is set to begin enforcing tariffs on more than $34 billion in Chinese imports from Friday. Beijing has vowed to respond with its own tariffs…
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FBR nominates of BS-19 officers for SMC

LAHORE: Federal Board of Revenue (FBR) Wednesday issued a list of nomination of BS-19 for the 24th Senior Management Course (SMC) at the National College Lahore, national Institute of Management, Karachi and Peshawar. The board referred Establishment Division’s .M N. 5/45/2018 T-II dated 11.06.2018 on the above subject and stated that the…
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HBL to surrender unclaimed dividends

By Waleed Bin Imran LAHORE: Habib Bank Limited (HBL) is all set to surrender the unclaimed dividends lapsing three years official time. As per the official sources, the HBL is required to deposit with the Federal Government any shares or dividends which remain unpaid or unclaimed for three years from the date on which these were either issued or…
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Secy Commerce opens PHDEC Head Office

By Our Staff Reporter ISLAMABAD: Secretary Commerce Younus Dagha on Monday inaugurated the new Head Office of the Pakistan Horticulture Development and Export Company (PHDEC) at the FPCCI’s in Islamabad. The President FPCCI, Ghazanfar Bilour, Chairman PHDEC, Fuad Ishaq, Acting CEO PHDEC Muhammad Ashraf, the senior officers of the Ministry of…
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Swiss Bank- Pakistani money down by 21 percent

KARACHI: Pakistani’s wealth at Swiss banks showed a downward trend by almost 21% to stand at CHF 1.115 billion in 2017, stated by Indian media report. According to latest data released by Switzerland’s central bank SNB (Swiss National Bank), the funds linked directly to clients from Pakistan stood at CHF 1,100.7 million at the end of 2017, while…
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FBR freezes LDA accounts over recovery issue

By Waleed Bin Imran LAHORE: The Federal Board of Revenue (FBR) has frozen the bank accounts of the Lahore Development Authority (LDA) over nonpayment of taxes worth Rs164 million to FBR. FBR claims that LDA has not paid income tax since 2015 and was also fined in the year 2016, 17 and 18. The LDA accounts in National Bank LDA Plaza Johar Town…
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