CPEC v/s IMEC.

 (India-Midle East-Europe Economic Corridor) The G20 Conference held in India on September 9, 2023 in India. Wherein in competition with China a CPEC rival corridor is decided to develop. A draft agreement among the G20 participants for creation of IMEC is reported for the information. Routes of IMEC

Big Blow to INT’L Economy. Drought Hits Panama Canal. Restrictions are being placed on heavy ships entering the Panama Canal.

Luis Acosta/AFP/GettyTL/DR: A series of restrictions are being placed on ships entering the Panama Canal, as water levels decrease due to drought. Economists warn that the disruption could cause U.S. inflation to spike. A record drought in Panama has seen water levels drop dramatically and has caused the Panama Canal to expand restrictions on the […]

FBR jurisdictates 5 new collectorates

KARACHI: Federal Board of revenue (FBR) has created 5 greater collectorates. The newly shaped Collectorates consist of MCC SAPT, MCC Sargodha, MCC Khuzdar, MCC Islamabad Airport, whilst MCC Appraisement Lahore is break up into MCC Appraisement East and MCC Appraisement West Lahore. in step with revised jurisdictions, chief Collector of Customs. Appraisement (South), custom residence, […]

Cross-Border Personal Transactions Through Debit/Credit Cards limited by SBP up to US$:30,000/ Annually Only. For details see the following Circular issued by SBP