Kenlubes International defaults Rs 26.88 million to KASB Bank

KASB Bank Limited has filed a suit against M/s: Kenlubes International, a partnership concern, in the Banking Court Karachi for recovery of Rs26,888,859.06. The Bank prayed to pass judgment and decree against the defendants wit...
by Admin customs value of cbu motorcycle

Custom Valuation Ruling Fraud

The Association of Pakistan Motorcycle Assemblers (APMA) has questioned the role of EDB and FBR as to what they have done to eliminate the Valuation Ruling No. 458/2012 dated May 24, 2012. “This ruling by the Directorate ...
by Nasir Mahmood


Saudi Pak files case against Transmission Engineering

audi Pak Leasing Company Limited has filed a suit against M/s: Transmission Engineering Industries Ltd., in Banking Court for recovery of Rs8,893,761/-, while the court issued notice to appear on 1st November 2012. Saudi Pak Le...
by Admin


iorc duty

IORC costing billions’ loss?

The unnatural and illegal system of “IORC” in automobile industry is depriving the government of Rs 50 to 70 billion in terms of tax revenue each year. According to informed sources the corruption and maladministrat...
by Nasir Mahmood


Habib Bank vs. Universal Tractors

Habib Bank Limited filed a suit against M/s: Universal Tractors (Pakistan) Limited in the Banking Court Karachi to pass Judgment and Decree for recovery of Rs31,745,143/-. The Bank also requested the court to order for recovery...
by Staff Correspondent



UA-58256471-1 UA-57608393-1