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Home / Author Archives: M Hayat

Author Archives: M Hayat

Customs Preventive recovers NDP cloth worth Rs30m from Misri Shah

Ahmad Rauf

LAHORE: Collectorate of Customs Preventive anti-smuggling squad recovered huge quantity of non-duty paid cloth dumped in a godown located in Misri Shah. Sources told Customs Today that Collector Ahmad Rauf received credible information that huge quantity of non-duty paid cloth is dumped in godown. He directed Additional Collector Mohammad Ishfaq and Deputy Collector Hassan Farid to take action against non-duty ... Read More »

Customs Preventive recovers smuggled goods from two trucks

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LAHORE: Collectorate of Customs Preventive team foiled bid to smuggle huge quantity of non-duty paid good and cloth from two trucks. Sources told Customs Today that Collector Ahmad Rauf received credible information that huge quantity of non-duty paid goods will be smuggled to Lahore from different locations. He immediately directed Additional Collector Muhammad Ashfaq and Deputy Collector Hassan Farid to ... Read More »

Customs I&I to hold auction of 12 non-duty paid vehicles on Oct 15

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ISLAMABAD: Directorate of Customs Intelligence and Investigation announced auction of vehicles to be held on October 15, 2019 at State Warehouse of the directorate. According to the details 12 non-duty paid vehicles will be offered for bidding. Details are as under:- BMW Car 745i, Model 2003, Chassis No. WBAGL22000DP38322, Honda Accord Car CL-9, Model 2002, Chassis No. CL9-1000417, Toyota Mark-X ... Read More »

NAB needs Saudi-styled powers to recover looted money: NAB chief Javed Iqbal

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LAHORE: National Accountability Bureau (NAB) Chairman Justice (retd) Javed Iqbal said that if he is given the powers, which are available to the anti-corruption authorities in Saudi Arabia, he can bring back all the looted money back to Pakistan in the shortest possible time. “The Saudi authorities took four weeks to recover the looted wealth and he would accomplish the ... Read More »

Member Customs Jawwad Agha lauds role of World Bank in development of Strategic Plan 2019-2024

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  LAHORE: Member Customs (Operations) Dr Jawwad Uwais Agha emphasized the importance of reforms in light of changing socioeconomic environment and for better service delivery. Deployment of Information and Communication Technology, Artificial Intelligence and modern management techniques are essential for trade facilitation and effective enforcement of laws and rules. FBR Member Customs (Operations) Jawwad Agha presented a keynote address as ... Read More »

Maersk, QICT bleeding importers through illegal demurrage, detention charges: Khawaja Shahzad Nasir

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LAHORE: Few shipping companies including M/s Maersk Pakistan Pvt Ltd and terminal operator QICT are looting huge amounts from importers by collecting illegal demurrage and detention charges on clearance of import shipments. This was stated by Lahore Chamber of Commerce and Industry SVP Khawaja Shahzad Nasir while talking to Customs Today. He said that few shipping companies are looting huge ... Read More »

Member Customs Jawwad Agha visits MCC Lahore to review performance

Jawwad Owais Agha

LAHORE: Federal Board of Revenue (FBR) Member Customs (Operations), Dr. Jawwad Uwais Agha arrived in Lahore today (Thursday) and will hold meeting with Chief Collector Zeba Hai Azhar to review performance of the Customs Central Region. During his visit to Multan, Member Customs will hold meeting with collector Customs Preventive at Collectorate of Customs.  He will also address a seminar ... Read More »

FEBR hailed efforts of FBR for achieving 90pc revenue collection target

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LAHORE: The Friends of Economic and Business Reforms (FEBR) hailed the efforts of the Federal Board of Revenue (FBR) for achieving 90% revenue collection target set for first two months of Fiscal Year 2019-20 while break down in taxes show above 15% growth in collection of inland sales and income tax. FEBR President Kashif Anwar appreciated the positive results, however, ... Read More »

Customs I&I tightens noose around smugglers as Rs20m illegal goods seized

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LAHORE: Directorate of Customs Intelligence and Investigation team foiled a bid to smuggle huge quantity of smuggled goods. Sources told Customs Today that Director Customs I&I Sadia Munib received credible about smuggling of non-duty paid goods.  She immediately constituted a anti-smuggling squad  to enhance checking in the jurisdiction. The sources told that the customs team intercepted three Mazda truck loaded ... Read More »

Govt will take all possible measures to facilitate exporters: Razak Dawood

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LAHORE: Advisor to Prime Minister for Commerce, Textile, Industry, Production and Investment Abdul Razak Dawood has said a long-term integrated export strategy is adopted to encourages investment in manufacturing for producing export surpluses, encourages value addition, and resolves long-standing issues like competitiveness and productivity He was speaking at the LCCI Export Trophy – 2019. LCCI President Almas Hyder, Senior Vice ... Read More »

PIAF-Founders Alliance vows to raise voice for solution of problems being faced by traders

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LAHORE: The PIAF-Founders Alliance (PFA) leaders have pledged to continue to raise voice for the solution of the problems being faced by the business community. The participation of large number of market representatives in a recent function during current week was enough proof to make the point that the business community wanted continuity in the policies introduced by the Alliance. ... Read More »

Customs ASO seizes illegally imported dry skimmed milk & zeera worth Rs30m

Ahmad Rauf

LAHORE: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) seized illegally imported dry skimmed milk and zeera worth Rs30 million. Sources told Customs Today that Collector Customs Preventive Ahmad Rauf received credible information about storage of non-duty paid goods in a godown located in Badami Bagh. He constituted an anti-smuggling squad which raided M/s Ghafar Goods Service godown in Badami Bagh ... Read More »

FBR Lahore issues recovery notices to tax evading companies

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LAHORE: Federal Board of Revenue (FBR) has issued recovery notices to the tax evading companies. Sources told Customs Today that the FBR issued notice of recovery to the companies including M/s Azhar Energy Service Private Limited and M/s NC Power Company. FBR imposed tax on the companies after conducting their audit. FBR sources said that M/s Azhar Energy Services Private ... Read More »

FBR creates regulatory authority, devolves powers to additional collector

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LAHORE: Federal Board of Revenue (FBR) created a Regulatory Authority and the powers have been devolved to additional collector for granting, re-validating or amending EOU licenses. In the new scheme, if there are any problems, the businessmen can approach Chief Collector of Customs for redressal of their grievances. In order to alleviate the burden of getting the analysis card issued from ... Read More »

Stablizing economy govt’s top priority: Reza Baqir

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LAHORE: State Bank of Pakistan (SBP) Governor Reza Baqir today (September 7) said that stabilizing the economy of the country is their top priority and private sectors must act in accordance with the rules and regulations for it. While visiting the FPCCI Regional Office in Lahore, he expressed that it was SBP’s priority to keep up with other banks, without ... Read More »

FBR joint team visits Packages Mall & 18 other Lahore outlets

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LAHORE: Federal Board of Revenue (FBR) joint team Tuesday visited Packages Mall and 18 other retail outlets. Chairman Federal Board of Revenue Shabbar Raza Zaidi has cautioned the trade community against dealing in non-tax paid locally produced and smuggled goods as Pakistan economy in general and industrial activities in particularly are being seriously affected due to availability of such good ... Read More »

Customs ASO impounds smuggled tyres worth Rs10m from Okara

Ahmad-Rauf

LAHORE: Collectorate of Customs Preventive Anti Smuggling (ASO) has impounded Rs 10 million 199 tyres of buses and trucks from a godown in Okara, official sources told Customs Today. Sources told that on the information of Collector Preventive Ahmad Rauf, Superintendent Malik Javaid Iqbal constituted a team consisting inspectors and spoyes. The team raided and successfully seized the godown of ... Read More »

FBR assures GST will not be levied on smaller, jewelers

Finland eager to roll out GST in India

LAHORE: Federal Bureau of Revenue (FBR) has assured that General Sales Tax (GST) will not be levied on jewellers having a shop smaller than 100 square feet and a notification in this regard will be issued during next week. Assurance was extended by the FBR Senior Chief Sales Tax Javed Memon to a 20-member delegation of the Punjab Sarafa Gems ... Read More »

Solidarity Hour with Kashmir held at Customs House

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LAHORE: Collectorate of Customs Preventive Collector Ahmad Rauf has said that Kashmir is life line of Pakistan and the issue should be resolved according to the UN resolutions. He expressed these views while talking to Customs Today on the occasion of a Solidarity with Kashmir program held at the Customs House here the other day. The Customs House observed Kashmir ... Read More »

Illegal demurrage, detention charges add to per unit cost: LCCI VP Faheemur Rehman Saigol

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LAHORE: The illegal demurrage and detention charges by the shipping lines have added to the per unit cost as they have no set criterion and worst is that the Customs Department and the government are not interested in regulating the shipping lines. This was stated by Lahore Chamber of Commerce and Industry (LCCI) Vice-President Faheem-ur-Rehman Saigal while talking to Customs ... Read More »