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Tag Archives: Eid Holidays

KCAA lauds customs clearance during Eid holidays

KARACHI: Karachi Customs Agents Association (KCAA) has appreciated the measures taken by the tax authorities for smooth customs clearance during Eid holidays. In a statement, the KCAA stated that the customs field formations at Karachi Ports  observed normal working hours on May 8 h 2021 and remained open on 10th and 11th May in order to facilitate the trade and ... Read More »

SBP allows opening of banks during Eid holidays

KARACHI: The State Bank of Pakistan (SBP) directed banks to open their 50 percent branches on May 10 and 11, 2021 during Eid holidays to facilitate trade and industry. In a statement, the central bank said that in order to ensure the availability of banking services to trade and industry in particular and public in general during the extended holidays ... Read More »

Decision of govt for Eid ul Fitr holidays from 10th to 16th May rejected

LAHORE: The Patron in Chief APTMA,  Gohar Ejaz has rejected the decision of the Government for Eid ul Fitr holidays from 10th to 16th May 2021. While expressing his concerns, he said that this will bring the whole country practically shut down for 10 days from Saturday, 8th May to Monday 17th May 2021. Shutting down the country for 10 ... Read More »

KPT seeks collection booths functioning during Eid holidays

KARACHI: Chief Accounts Officer of Karachi Port Trust (KPT) asked the Chief Manager of Habib Bank Limited to establish special booths for collection of duty and taxes during Eidul Fitr holidays. In a letter to chief manger, KPT accounts officer hoped that necessary measures will be taken for smooth functioning of collection booths in order to facilitate the importers, exporters ... Read More »

State Bank of Pakistan announces Eid-ul-Fitr holidays

KARACHI: The State Bank of Pakistan on Tuesday announced it would remain closed from May 10-15 on account of Eid-ul-Fitr holidays in the country. “The State Bank of Pakistan will remain closed from 10th to 15th May, 2021 (Monday to Saturday) on the occasion of Eid-ul-Fitr,” read a statement from the central bank. However, the central bank issued an important ... Read More »

Midday: Bears haunt markets, KSE sheds 50 points

KARACHI: Started with downward trend, the Karachi Stock Exchange (KSE) 100-index further shed 50.48 points to reach 30052.75 points on the first day of trading on Thursday noon after five days of Eid holidays. The KSE 100-index gained 397.58 points in the week-long trading, as it opened at 29705.65 points on last Monday and closed at 30103.23 points on Friday, ... Read More »

Opening: KSE starts week with bearish trend

KARACHI: The Karachi Stock Exchange (KSE) 100-index Thursday started with a nominal downward trend, shedding 1.87 points to reach 30101.36 points on the first day of trading after five days of Eid holidays. The KSE 100-index gained 397.58 points in the week-long trading, as it opened at 29705.65 points on last Monday and closed at 30103.23 points on Friday, despite ... Read More »

Haroon Agar wants govt to denotify two weekly holidays

KARACHI: Karachi Chamber of Commerce and Industry President Muhammad Haroon Agar told media on Saturday that two weekly holidays of banks, customs and ports should be denotified. He said people need to work six days a week in the country’s larger interest. He said weekly two holidays were not acceptable. “The country’s economy was under great pressure and was facing ... Read More »

Customs issues no order for redistribution of work during Eid  

KARACHI: The Pakistan Customs has not issued office order regarding redistribution of work for officials during Eid holidays (6 to 8 October), Customs Today learnt. All three collectorates, Model Customs Collectorate-MCC Appraisement-West, MCC-Appraisement-East and MCC-Port Qasim, have not issued any office order regarding re-distribution of work/assignment during Eid holidays. The FBR sources informed Customs Today that the federal government has ... Read More »

Islamabad Dry Port collects Rs166m in July

ISLAMABAD: Islamabad Dry Port has collected Rs 166 million revenue in July which was double than the same period of last fiscal year. Sources from port authority told the Customs Today that Islamabad Dry Port had collected revenue of Rs 70 million during July, 2013; however, this year in July revenue authorities of port managed to collect double than previous ... Read More »

SDPT to remain closed on Eid

SIALKOT: Sialkot Dry Port Trust (SDPT) will remain closed for six days from July 29 to August 03, 2014 due to the official holidays of Eidul Fitar. Read More »

Eid holidays: KSE likely to remain lacklustre

KARACHI: Karachi Stock Exchange is likely to witness low trading activity next week due to Eid holidays. The benchmark index increased by 249.86 points to close all-time high of 30,474.75 points during the past week as compared to 30,224.89 points of previous week’s closing. The KSE-100 index gained 32 percent with higher average trading volumes of 173 million shares. Analysts ... Read More »

Eid holidays: Exchequer likely to suffer Rs25-30b loss

ISLAMABAD: National exchequer may suffer Rs25-30 billion loss due to long holidays of Eid-ul-Fitr. Due to which revenue target of the first month of FY2014-15 could not be achieved. Acting FBR Chairman Shahid Hussain Asad told Customs Today that closure of businesses during Eid holidays will certainly affect the revenue collection. “At least Rs 6 billion revenue is being collected ... Read More »