Imports have been the mainstay of my business, somewhere down the road the Government of Pakistan suddenly restricted all imports on Open Account Basis, it was a challenge, I had an ongoing order for import of Solar Water Heaters from China with payment to be made as soon as the goods were received on open...
Somewhere in 2014, one of my major clients in the Oil & Gas sector was developing one of their Gas fields and hence doing a major procurement activity, one such tender that they issued for the purpose was for Stainless Steel & Carbon Steel Line pipes. We had a good relationship with an Italian trader who...
A few years ago, one day in office, I got a call from my banker. “Sir, there are people from FBR in our branch with orders to take money from your bank account”. Less than a month before that the Officer Inland Revenue of the FBR had passed an erroneous order against my firm making...
Article 63A. There has been a constant media campaign blaming decision in the presidential reference no 1 of 2022 of the Supreme Court of Pakistan for the political chaos in the country, specifically referring to the elections in the Punjab assembly, in which supreme court ruled that the votes casted against the directions of the...
Pakistani Rupee. Back in 2019 I got a large order from a public sector customer, material had to be imported. Quotation was submitted somewhere in 2018 when our “now” beloved Miftah Ismail was the finance minister. The exchange rate then was about 110 to a US$. I had an excellent relationship with my supplier,...
