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Cases filed up to June 30, 2012: Collector of Customs empowered to decide appeals  RECORDER REPORT ISLAMABAD: The Federal Board of Revenue (FBR) has empowered the Collector of Customs (Appeals) to decide all pending customs related appeals, filed up to June 30, 2012 against the orders passed by the Additional Collectors. In this connection, the FBR has issued an SRO.1022 here on Monday to remove an ambiguity in the law about the competent authority to decide cases of appeals filed before June 30, 2012. According to the notification, all appeals, against the orders passed by the Additional Collectors, filed up to June 30, 2012 shall be decided by the respective Collector of Customs (Appeals). Sources told Business Recorder here on Monday that the FBR had established new Collectorates of Customs (Adjudication) for exclusively dealing with all customs related disputes including violations of Customs Act 1969, imposition of fine/penalty on importers and adjudication for recovery of duties/taxes from importers, starting July 1, 2012. The purpose of establishing Collectorates of ...

LAHORE: The world is looking towards Pakistan due to its large size of animal population but unfortunately a large number of animals are being smuggled to Afghanistan and other neighouring countries which is damaging the livestock sector. This was stated by Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof.Talat Naseer Pasha while speaking at a meeting on Monday on univrsity campus. He said the smuggling of animals was posing a serious threat to ...
LAHORE: The world is looking towards Pakistan due to its large size of animal population but unfortunately a large number of animals are being smuggled to Afghanistan and other neighouring countries which is damaging the livestock sector. This was stated by Vice Chancellor of the University of Veterinary and Animal Sciences (UVAS) Prof.Talat Naseer Pasha while speaking at a meeting on Monday on univrsity campus. He said the smuggling of animals was posing a serious threat to ...
Economic cooperation should be key driver of Pakistan-US relations WASHINGTON: Economic cooperation should be the key focus of Pakistan-US relations as the two countries look to build their ties in the backdrop of a tension-filled phase, an expert on South Asia said. Dr Nisar Chaudhry, President of Pakistan American League, underscored in an interview that national security is actually the translation of economic strength. Therefore, the Pakistani policy makers and far-sighted people in the United States should work on strengthening the trade and economic foundations of ...
Shahzad Iqbal lead epic struggle for more milk  NAROWAL: Pakistani Shahzad Iqbal abandoned the jet-set lifestyle of a corporate executive because he wanted to do something worthwhile for his country. So he invested his life savings in world-class bull semen. He imports the sperm from potent bulls in the West, with names like Socrates, Air Raid and Liberator, and sells it at affordable prices to farmers so they can breed cows that produce higher volumes of quality milk. Iqbal is one of a band of ...
Tarbela Dam water level up by 13 feet ISLAMABAD: Water level in Tarbela Dam has recorded an increase of 13 feet during the last two days. Flood Forecasting Division said that water level in Tarbela Dam was recorded at 1519.94 feet, while water inflow stood at 2,61,100 cusecs and discharge at 1,10,000 cusecs, private news channel reported. Besides in Mangla Dam, water inflow was at 27,404 cusecs and discharge at 12,000 cusecs. Flood Forecasting Division said that the usable water reserves in both the dams stood ...
Pak-India joint economic zones to play vital role LAHORE: Joint Economic Zones (JEZs) at the Pak-India borders will promote trade and flow of economic activity between the two states. The zones would also be a gurantee of peace in the region and emerge as a binding factor between the two nations, said Pak-India Business Council (PIBC) chairman Noor Muhammad Kasuri talking to APP here on Sunday. He said there was a possibilty of investment of about 40-50 billion $ by the Indo-Pak people living Europe ...

 



 
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Banking Review 2014


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.378 bln
Exports $2.016 bln
Imports $4.394 bln
WeeklyJuly 23, 2015
Reserves $18.677 bln