Daily Archives: June 13, 2017

Pakistan Customs initiates process to make 100pc automation of consignment clearance

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ISLAMABAD: Directorate General of Reforms and Automation (Customs) has initiated 100 percent automation of consignment clearance through online system i.e. WeBOC.

Profitability of banks eases in first quarter

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KARACHI: The profitability of banking sector eased to Rs49 billion during first quarter (January – March) 2017 as compared to Rs52 billion in the corresponding quarter of the last year, the State Bank of Pakistan (SBP) said on Tuesday.

SBP allows banks to remit foreign exchange on behalf of Umrah organizers

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KARACHI: State Bank of Pakistan (SBP) on Tuesday allowed the authorized dealers (ADs) or banks to remit foreign exchange on behalf of the Umrah Organizers (Travel Agents) with certain terms and conditions.

Pakistan’s trade deficit balloons by around $30 billion in 11 months

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ISLAMABAD: Pakistan’s trade deficit has sharply widened by around $30 billion or 42.12 percent during first eleven months of current fiscal year as compared with deficit of $21.1 billion in the corresponding months of the last fiscal year.

Return filers number reaches to 1.18 million

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ISLAMABAD: The number of return filers has reached to 1.18 million for tax year 2016 by week ended June 12, 2017.