Toyota, as a global automotive leader, puts the safety of its customers at the top of its priorities. The import of counterfeit automotive parts is a direct threat to road safety. Our joint pursuit of interdicting import of fake automotive parts with Cust

Samsung is a global leader in the production of LED TVs, mobile phones and other electronic items. We are also at the forefront of fight against counterfeits. Our objectives include consumer safety and protection. Pakistan Customs' cooperation with Samsun

GlaxoSmithkline is a world leader in producing premium health-care products and medicines. Our well-known brands are household names, which cannot be permitted to be compromised through counterfeiting. GlaxoSmithkline and Customs IPR Enforcement have succ

RB Pakistan and Customs IPR Enforcement have consistently worked together over the last two years in eliminating imports of counterfeit insecticides in Pakistan. This partnership has resulted into the provision of genuine insecticides to millions of house

Unilever has partnered with Pakistan Customs in curbing imports of counterfeit toiletries and face creams containing substandard and hazardous ingredients. The import of such counterfeits compromise the integrity of reputed brand names, besides cheating p

The Directorate General of Customs IPR (Enforcement) protects genuine trademarks, copyrights, designs and patents in imports and exports. It functions as a single-stop for international and national right-holders to seek remedies against the infringement

The role of Pakistan Customs is multi-faceted, ranging from border trade revenues to import and export controls. All these functions are rooted in the term 'trade facilitation', which is synonymous with ease of doing business. Trade facilitation is for tr

FBR is committed to dynamic economic growth in Pakistan. This vision would materialize with the expansion of the national manufacturing base and rise in exports. The Directorate General of Customs IPR Enforcement is a part of this trade expansion paradigm

WINNERS ON OVER ALL EVALUATION

Favourable weather during spring grain sowing in Black Sea producers Russia and Ukraine is increasing the chances of another large grain harvest due to healthy levels of soil moisture, analysts and traders said. Russia, a major global wheat exporter to No

Chicago Board of Trade corn futures closed higher on Friday on worries about wet weather in the US Midwest delaying planting and fund-driven short-covering, traders said. CBOT July corn settled up 4 cents at $3.61-1/4 per bushel.

Chicago Board of Trade soyabean futures closed lower on Friday on ample US supplies, prospects for big South American harvests and worries about demand from China given ongoing trade negotiations and the spread of a deadly hog disease.

Chicago Board of Trade wheat futures ending higher on Friday on short-covering and spillover strength from corn, while K.C. and Minneapolis Grain Exchange futures closed lower. Market anchored by ample domestic and global supplies of old-crop wheat, coupl

Asia's naphtha crack fell for a third day to end the week at $54.85 a tonne, its lowest since Monday, but spot premiums were slightly higher as buyers emerged for June fuel. South Korea's YNCC bought a cargo for arrival at Yeosu in the first half of June

Rice export prices in Vietnam rose for the first time in six weeks as domestic buying picked up and fears of water scarcity in the country's rice bowl grew, while weaker local currencies weighed on rates in other top Asian exporting hubs. In Vietnam, rate

Physical gold demand was healthy this week in India in the run up to a key festival and with the wedding season underway, while other top Asian hubs saw steady interest in bullion as global prices recovered from a 2019 low touched earlier this week.

Steady trend was again witnessed on the cotton market on Monday in process of trading activity, dealers said. The official spot rate was unchanged at Rs 9000 they added. In the ready session, over 5000 bales of cotton changed hands between Rs 8850-9200, t

On Friday at Pakistan Mercantile Exchange Limited, PMEX Commodity Index closed at 3,815. The traded value of Metals, Energy and COTS/FX was recorded at PKR 7.802 billion and the number of lots traded 15,602. Major business was contributed by NSDQ100 amoun

Brazil's 2018/19 second-corn crop, also known as winter corn, is expected to reach a record this season, as favorable weather over all main producing regions boost agricultural yields, a Reuters poll showed on Friday.

ICE Canadian canola futures dipped on Friday, pressured by lackluster export and crusher demand and a build-up of commercial supplies. Cool weather in Western Canada delayed planting modestly and may have led farmers to sell some old-crop supplies, a trad

China's iron ore futures gave up early gains and fell for a fourth session in a row, despite firm demand at steel mills who are ramping up output to cash in fat profits. Weekly utilisation rates at mills across the nation continued to rise this week as of

Vietnam's coffee exports are forecast to fall to around two million 60-kg bags in April from 2.87 million bags last month, traders said on Thursday, as farmers are not keen to sell at low prices. "A long holiday from this weekend will also put a break on

Cocoa arrivals at ports in top grower Ivory Coast reached 1.841 million tonnes between Oct. 1 and April 28, exporters estimated on Monday, up about 14 percent from 1.610 million tonnes during the same period last season. Ivory Coast's 2018/19 October-to-M

Northwest European gasoline refining margins declined slightly on Monday but held near an eight-month high as exports from the region continued. Gasoline exports from the region rose in recent days thanks to an open arbitrage to the US East Coast, traders

Sugar production in Brazil's center-south region fell 52 percent in the first two weeks of the new season compared with the same period in the previous crop, as rains disrupted processing and mills delayed operations, industry group Unica said on Thursday

The Karachi Port handled 178,337 tonnes of cargo comprising 112,688 tonnes of import cargo and 65,649 tonnes of export cargo including 5,340 loaded and empty containers during the last 48 hours ending at 0700 hours on Monday. The total import cargos of 11

Indonesia's palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey. Palm oil output in top producer Indonesia was seen rising

Russian wheat export prices fell further last week with brighter prospects for the upcoming 2019 crop and low trade activity ahead of Russia's long May holiday, analysts said on Monday. Favourable weather during spring grain sowing in Black Sea producers

Abu Dhabi's stock market slid on Monday, affected by profit-taking and a sell-off in its financial shares, while Saudi Arabia was the only major Gulf market to rise. The Abu Dhabi index lost 0.9 percent in its fourth straight day of declines, with energy

Hong Kong stocks ended higher on Monday, tracking gains in other Asian markets, after strong US first-quarter economic growth and data showing profits at Chinese industrial firms grew for the first time in four months. The Hang Seng index rose 1.0 percent

Australian shares ended lower on Monday after losses in financial stocks pulled the benchmark down from a more than 11-year high as investors remained cautious ahead of bank earnings. The S&P/ASX 200 index closed down 0.4 percent, or 26.10 points, at 6,35

US stocks rose on Monday, with the S&P 500 and the Nasdaq hitting record highs, as consumer spending rose in March and benign inflation data underscored the Federal Reserve's accommodative stance on interest rates. Hopes of a trade resolution, upbeat earn

Most Southeast Asian stock markets rose on Monday, in line with broader Asia, as investors cheered upbeat economic data from the United States and China, with Singapore closing at a near 11-month high after DBS Group posted a record quarterly profit.

China's blue-chip stocks on Monday retreated from steep losses in the previous week, as foreign investors looked for bargains after upbeat industrial profit data showed signs of recovery in the world's second-largest economy. The blue-chip CSI300 index ro

European shares closed marginally higher on Monday led by gains for Banco Santander, as investors chose to focus on the positives of a weekend win for Prime Minister Pedro Sanchez's ruling socialists in Spain's third election in four years.

Spanish government bond yields dipped on Monday after the weekend's general election in which the Socialists emerged as the strongest party, a result seen by many in the market as pro-European. Spanish Prime Minister Pedro Sanchez portrayed the result as

Spanish government bond yields dipped on Monday after the weekend's general election in which the Socialists emerged as the strongest party, a result seen by many in the market as pro-European. Spanish Prime Minister Pedro Sanchez portrayed the result as

Stocks, financial and commodity markets in Japan were closed from Saturday, April 27 to Monday, May 6 for the Golden Week holidays.

British stocks broke a three-day losing streak on Monday as strong economic data from the United States and China boosted investor confidence, while travel companies benefited from rising demand for holidays beyond the European Union.

The Royal Military Academy Sandhurst (RMAS) cricket team has concluded a two-week tour of Pakistan. During their visit they played several matches around the country, including in Islamabad, Lahore and Abbotabad.

Abdul Football Club emerged triumphant from a 72-team Leisure Leagues Karachi Intra-City Six-a-Side Championship here at KMC Stadium on Sunday night and qualified for the Leisure Leagues National Championship to be played in July.

Pakistan women's team captain Bismah Maroof has expressed confidence in her side that will play South Africa in three ICC Women's Championship ODIs, which will be followed by five T20Is. The series will be played from May 6-23.

Turkish bank Yapi Kredi hiked rates on commercial loans on Monday by about 4 percentage points, the clearest sign yet that higher costs from a tumbling lira are reversing months of pressure from a government regulator to keep a lid on borrowing costs. Yap

The dollar dozed in a snug band on Monday as Japan kicked off a week of holidays, giving investors an extra excuse to idle ahead of a Federal Reserve policy meeting and a raft of global data including on US core inflation and payrolls. Movements were mini

The dollar was marginally higher against a basket of currencies on Monday, hovering near a 23-month high, as traders await more data to convince them whether to add to their bullish positions in the greenback.

A rally in the dollar faltered on Monday with strong US data doing little to lift the currency or convince investors that a slowdown in activity is over. The greenback traded in a narrow range as Japan kicked off a week of holidays, typically a period of

The Russian rouble was flat against the dollar on Monday before public holidays, while stocks rose along with their global peers after the S&P 500 index reached a record high in the United States. At 0730 GMT, the rouble was unchanged against the dollar a

The South Korean won and Thai baht strengthened on Monday as firmer-than-expected US economic growth figures supported risk sentiment, though market holidays and the US Federal Reserve meeting this week are keeping investors cautious. Data on Friday showe

South Africa's rand firmed against a steady dollar on Monday, as investors looked ahead to key offshore events including a report from the US central bank, while stocks fell. At 1608 GMT the rand traded at 14.3100 to the dollar, 0.56 percent higher than i

Most Latin American currencies softened on Monday against a firm dollar, while Argentina's peso soared after the central bank came out in defense of the troubled currency. The bank said it would ease limits on its currency market interventions, as it aims

Sterling rose to a three-day high against the dollar on Monday but was little changed against other major currencies before a central bank policy meeting this week. Markets do not expect the Bank of England to raise interest rates until early 2020. "The g

The Sri Lankan rupee closed weaker for the fourth consecutive session on Monday, as worries about more attacks after the Easter Sunday bombings weighed on investor sentiment, while stocks extended gains into the fourth day after hitting a more than six-ye

The Federal Board of Revenue (FBR) and the National Tariff Commission (NTC) have proposed to eliminate Fifth Schedule (conditional exemption of customs duty) of the Customs Act 1990 and gradual withdrawal of regulatory duties and additional customs duty o

Cherat Cement (PSX: CHCC) has been in the business of cement manufacturing since the 1980s like many of its current peers. It has remained one of the smaller cement firms until very recently when new expansion brought its capacity at par with some of the

Cherat Cement (PSX: CHCC) has been in the business of cement manufacturing since the 1980s like many of its current peers. It has remained one of the smaller cement firms until very recently when new expansion brought its capacity at par with some of the

Terming signing of the IInd phase of Free Trade Agreement (FTA) with China as beginning of "economic revolution" in Pakistan, Lahore Chamber of Commerce & Industry (LCCI) President Almas Hyder foresee a jump of US 6 billion dollars in exports from Pakista

The Board of Directors of Meezan Bank Limited in its meeting approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the quarter ended March 31, 2019. The meeting was presided by Riyadh

The Board of Directors of Meezan Bank Limited in its meeting approved the condensed interim unconsolidated financial statements of the Bank and its consolidated financial statements for the quarter ended March 31, 2019. The meeting was presided by Riyadh

The met office has a forecast further rise in mercury during the next two days, advising the citizens to cover their heads under the sun. Weather of the Lahore city remained hot and dry on Monday and the citizens were found in great trouble due to hot wea

Karachi Mayor Wasim Akhtar and KMC Officers Welfare Association (OWA) have agreed to carry out the projects proposed by the latter to establish 100 public bathrooms, 100 gyms, 500 bus stop shelters and repairing and maintenance of 100 old buildings and pl

The World Health Organization (WHO) and the University of Agriculture Faisalabad (UAF) agreed upon to carry out joint work on vector-borne diseases. The WHO team called on University of Agriculture Faisalabad Vice Chancellor Dr Muhammad Ashraf and discuss

In order to promote the new Star-ups, two-day Momentum Tech Conference "Fintech Hackathon" will be held on 30th April and 1st May, organised by Momentum in collaboration with Copay. The aim of the Hackathon is to provide a platform to the developer commun

Foton International Trade Co Ltd, Beijing signed an MoU to inject investment in the form of a Joint Venture (JV) with their local partner Master Motor Corporation (Pvt) Limited (MMCL) who has been manufacturing, selling and providing after sales of Foton

The Punjab government has decided to introduce a comprehensive package for the welfare of labourers which would be announced by Chief Minister Sardar Usman Buzdar in a function on Labour Day. In this regard, a ceremony would be held at Warburton, Nankana

The Punjab Assembly on Monday unanimously passed a resolution presented by Hafiz Ammar Yasir to condemn blasphemous remarks on social media. The House also condemned the use of blasphemous language purportedly found in the syllabus of O level. Punjab Asse

Federal Board of Revenue (FBR) has issued instructions to all Large Taxpayer Units (LTUs), Corporate Regional Tax Offices (CRTOs) and Regional Tax Offices (RTOs) of FBR to open their offices on 30th April, 2019 and extend working hours till 08:00 pm on Tu

Weaker growth in Pakistan is pulling down the regional aggregate growth rate this year, with large macroeconomic imbalances and ongoing policy adjustment challenges expected to slow the country's growth from 5.2 percent in 2018 to 2.9 percent in 2019. Thi

The apex court setting aside the Federal Service Tribunal, Islamabad, judgement held that ad hoc relief of 10% increase granted in pension in 1997 is only admissible to employees who stood retired prior to 01.3.1997. A two-judge bench, comprising Justice

The Ministry of Finance, in response to various news reports to this effect, clarifies that the federal government has neither reduced nor delayed the transfer of funds to any of the provinces. All the provinces have been receiving their share in the fede

The Supreme Court on Monday disposed of former judge of Lahore High Court (LHC) Farrukh Irfan's petition to declare proceedings of Supreme Judicial Council (SJC) unconstitutional, nullity in law and non est since he has resigned.

President Dr Arif Alvi has said that the National Accountability Bureau (NAB) has a pivotal role towards the elimination of corruption from the country. The President said this while talking to Chairman NAB, former Justice Javed Iqbal, who called on him h

Muttahida Majlis-e-Amal (MMA) President Maulana Fazlur Rehman on Monday said that the military spokesman has spoken on the matters which are not the security establishment's domain. Rehman, who is also the chief of Jamiat Ulema-e-Islam (JUI-F), stated tha

Pakistan Telecommunication Authority will take stern action if any mobile phone company raises tariff without following laid down mechanism, said the PTA chairman. The Senate Standing Committee on Information Technology and Telecommunication Monday observ

At least 12 people died while five others sustained injuries when a van rammed into Islamabad Toll Plaza. According to details, a passenger van coming from Sargodha to Islamabad, carrying 17 passengers, hit toll plaza due to over speeding. The van immedia

"A watched pot never boils."

Parliamentary Secretary for Commerce Shandana Gulzar on Monday informed the National Assembly that the government is not planning to fire any employee of the State Life Insurance Corporation (SLIC). She said this while responding to a calling attention no

The US Consul General, JoAnne Wagner has inaugurated the Electronic Beam (E-Beam) irradiation facility established through support from the United States Agency for International Development (USAID) funded U.S.-Pakistan Partnerships for AMD program. Accor

A woman legislator belonging to Pakistan Muslim League Nawaz (PML-N) sought allocation of constituencies for the MPAs on reserved seats to avoid hurdles they face in launching different development works. The demand was made by Hina Pervez Butt through "P

Slamming the PTI-led government, Pakistan Muslim League-Nawaz (PML-N) leader and opposition leader in the Punjab Assembly Hamza Shahbaz Sharif said on Monday the Pakistan Tehreek-e-Insaf (PTI) government has failed in running the country and addressing is

Pakistan Tea Association (PTA) chairman on Monday asked the federal government to reduce 100 percent cash margin on imports of green commodity. "The importers running business on small scale cannot afford to import green tea due to 100 percent Letter of C

President Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Hussain has said that slated profiteering across the country before the advent of the holy month of Ramazan has added to the miseries of the masses. He said that claim of zero load

Darul Sehat Hospital, the only tertiary healthcare facility for 1.7 million people of Gulistan-e-Jauhar, is registered with all relevant authorities and associations as required by law. Dr Naveed Rashid, principal, College of Dentistry, Liaquat College of

A fresh project of $100 million is all set to start in Thar, as work has been started on the next coal block to produce 4500 megawatts of electricity, Provincial Energy Minister, Imtiaz Shaikh told the Sindh Assembly on Monday.

A test run of Orange Line Train took place on Monday as the concerned authorities plied the train in between Dera Gujran and Ali Town.

Leader of Jamiat-e-Ulema-e-Islam-Fazl (JUI-F) Senator Maulana Abdul Ghafoor Haideri has said that increase in minimum marriageable age to 18 years is against the Islamic principles. While taking to media persons outside the Parliament House here on Monday

President Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Engr Daroo Khan Achakzai was optimistic that the Chinese investment particularly in the specialized economic zones (SEZs) would expand Pakistan's industrial base and assist divers

Pakistan Muslim League-Nawaz (PML-N) has urged Prime Minister Imran Khan to take the Parliament into confidence on conditionalities of International Monitory Fund (IMF), implementation on National Action Plan (NAP) and rising prices of medicines, gas and

The federation and provinces are making progress towards a landmark measure to facilitate taxpayers for introducing a single and unified sales tax return for both goods and services. On the conclusion of a meeting of National Assembly Standing Committee o

The Senate has passed 'The Banking Companies (Amendment) Bill, 2018,' which is aimed at deleting section 27B that places fetters on the functioning of trade unions in banking organisations. According to statement of objects and reasons, the section 27B vi

The Sindh Government Monday announced May 1, as public holiday throughout Sindh on the occasion of Labor Day. The holiday is declared for all government offices, autonomous, semi-autonomous bodies, corporation and local councils under the administrative c

The government allocated Rs 20 million in the budget for 2018-19 to pick up the transaction cost of remittances with the objective of facilitating overseas Pakistanis to remit money through formal channels under Pakistan Remittance Imitative (PRI).

National Accountability Bureau (NAB) Monday has decided to file a reference against senior leader of Muttahida Qaumi Movement-Pakistan (MQM-P) and former Sindh minister for industries and commerce Muhammad Abdur Rauf Siddiqui and others for their alleged

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto Zardari Monday said that the government needs to review its fiscal policy, adding Pakistan Tehreek-e-Insaf government (PTI) needs to learn from the PPP government as how it had provided relief to the ma

The State Bank of Pakistan and all banks will remain closed on May 1, 2019 (Wednesday) on the occasion of 'Labour Day' as declared by the Government of Pakistan.

Former federal minister and Pakistan People's Party (PPP) Central leader, Arbab Alamgir Khan and his wife Asma Alagmir on Monday appeared before the accountability court in corruption case. According to details, a Peshawar accountability court adjourned a

Sindh High Court (SHC) on Monday issued notices to respondents including Park Lane Estate, Parthenon and others in a suit filed by former President Asif Ali Zardari, in which he disassociated himself from the Park Lanes and pleaded the agreement between t

Interior Minister Brigadier Ijaz Ahmed Shah (retd) has said the country is facing many challenges including security issues and economic challenges, but he is optimistic that the situation would improve soon. Shah said this while talking to media persons

The Senate on Monday passed 'The Child Marriage Restraint (Amendment) Bill, 2018,' seeking amendment in the Child Marriage Restraint Act of 1929, defining child as a person who is under 18 years of age and criminalising the underage weddings.

A man was shot dead while another injured by unknown men in firing incident in Lyari, in the jurisdiction of Kalakot police station. The victims were identified as Muhammad Siddiq, son of Muhammad Ghani and Muhammad Ayaz, son of Abdul Sattar. Meanwhile, S

The federal government has considered the option to close one shift of industrial sector during Ramazan aimed at ensuring power supply at the time of Sahar, Iftar and Taraweigh, well-informed sources told Business Recorder.