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Author Archives: Qaisar Mansoor

Policy being formalised to tap shale gas, oil potential

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ISLAMABAD: The government is in the process of finalising a policy to exploit massive shale gas and oil reserves that were identified after a study completed in collaboration with the USAID some four years ago. “Shale gas policy is being prepared for onward submission and approval of the quarters concerned,” a senior official in the Petroleum Division told media on ... Read More »

PM Imran constitutes body to ease business registration

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ISLAMABAD: Prime Minister Imran Khan on Tuesday approved the constitution of a steering committee on Pakistan Regulatory Modernisation Initiative (PRMI) to help devise a regulatory framework for simplifying the process of business registration. According to the details, the government said that the high-powered body will support the business community to start new ventures and attract investments by improving the ‘ease ... Read More »

OGRA notifies 22pc increase in gas price

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ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) on Friday notified a seven per cent increase in the price of liquefied petroleum gas (LPG) and allowed about 22pc rise in the prescribed rate of natural gas. In separate determinations under revised revenue requirements for the current year, Ogra has allowed an increase of Rs119.68 per unit to Sui Northern Gas ... Read More »

Govt approves amendments in Import Policy Order 2016

ISLAMABAD: Federal government has approved amendments in sub-section (I) of section 3 of the Import and Export (Control), Act, 1950 (XXXIX of 1950).     Read More »

YouTube issues list of most popular ads in Pakistan from January to June 2018

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KARACHI: Google today released its YouTube Ads Leaderboard for Pakistan in the January-to-June time period. This list represents the top 10 ads and branded content people chose to watch on YouTube through a combination of popularity and promotion. According to an Ipsos research, YouTube is the number one online video streaming platform among millennials in Pakistan with it reaching 80 ... Read More »

Customs Preventive to auction NDP goods, vehicles tomorrow

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KARACHI: Collectorate of Customs Preventive will hold auction of leftover lots of cargo and vehicles at State Warehouse on June 27 (tomorrow) at 10am. Around 20 non-duty paid vehicles will be presented for auction while 18 other non-duty paid goods will also be auctioned. All participants are advised to bring copy of their original CNIC for participation in the auction. Read More »

Govt taken legislative measures for economic empowerment of women: Marriyum Aurangzeb

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ISLAMABAD: The Islamabad Chamber of Commerce and Industry organized a ceremony to mark the International Women’s Day. Ms. Marriyum Aurangzeb, Minister of State for Information Broadcasting, National History and Literary Heritage was the Chief Guest at the occasion. Foreign female diplomats, spouses of various diplomats, female students of local universities and many other women attended the event. Speaking as chief ... Read More »

Bashir Ansari elected as president, Kashif Rashid general secretary of MTBA

MULTAN: Multan Tax Bar Association elected as Bashir Ahmad Ansari President and Kashif Rasheed as General Secretary in tax bar association election for 2018-19. According to the details, Multan Tax Bar Association announced 23rd February as last date for submission of nomination paper in the annual elections. Candidate Bashir Ahmad Ansari and Kashif Rasheed submitted their nomination paper for president ... Read More »

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May the magic of this Eid bring lots of happiness in your life and may you celebrate it with all your close friends & may it fill your heart with wonders. Eid Mubarak.   Read More »

Happy Independence Day

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Pakistan’s Independence Day, which is celebrated annually on August 14, celebrates the country’s independence from the British rule on that date in 1947. This day is an occasion to promote patriotism and national unity. In the Islamic calendar, the Independence Day of Pakistan has been seen to be coincided with the Ramadan 27 which is one of the sacred eves ... Read More »

Customs Today wishes a very happy Eid to all its readers

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BEFORE THE GOLDEN SUN OF EID RISES , LET ME DECORATE ALL OF ITS RAYS WITH WISHES OF SUCCESS , PROSPERITY AND HAPPINESS FOR U AND URS FAMILY. EID MUBARAK !!! Read More »

Collector Adjudication seeks reply from owner of non duty paid vehicle

LAHORE: Collectorate of Customs Adjudication Customs House, Nabha Road, has summoned party in illegally imported car Mark X seizure. It has been reported by the Assistant Director, Directorate of Intelligence & Investigation-FBR, Range Office, Gujranwala received credible information about some non duty paid vehicles which plying of roads without legal documents. The staff of Directorate of Intelligence & Investigation-FBR, intercepted ... Read More »

Quetta Customs seizes 400 batteries, narcotics in various incidents

Collector Saeed Jadoon Quetta

KARACHI: The Directorate of Customs Intelligence and Investigation Quetta has stepped up its efforts to curb smuggling in the region. Directorate Customs Intelligence Imtiaz Ahmad Khan has made a new strategy which will help curb smuggling. Sources told Customs Today that during a recent crackdown, the customs authorities recovered 400 batteries of 200 ampere which were being smuggled outside Quetta. ... Read More »

LAHORE: Coordinated effort, team work, effective planning and strong measures have enabled the Directorate of Intelligence and Investigation Lahore (Customs) to improve anti-smuggling performance to almost more than double during the current financial year ascompared to the corresponding period of the last financial year. The endeavor to create deterrence against smuggling activities will further be stepped up. These views were ... Read More »

Tax  evasion: LHC summons NAB prosector on Feb. 4

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ISLAMABAD: Lahore High Court (LHC) summoned NAB prosecutor on February 4 alongwith all relevant record of the case. NAB is currently conducting investigatins against ex-assistant collector Abid Hussain who is involved in evasion of federal excise duty . During  court proceedings counsel of accused adopts the plea that Al Shamsher Engineering Company in involved in tax evasion and all the ... Read More »

Customs Preventive recovers 760 grams crystal methamphetamine

Tariq Huda

KARACHI: The Model Customs Collectorate Preventive has foiled a bid to smuggle 760 grams of crystal methamphetamine at Jinnah International Airport Karachi. According to details, customs authorities intercepted a passenger namely Darya Khan, holding Pakistani passport No. FD4123701 and recovered 760 grams gross of crystal methamphetamine concealed in his hand bag. The arrested passenger was leaving for Dammam by PIA ... Read More »

Customs Court imposes penalty of Rs 200,000 on currency smuggler

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KARACHI: The Special Court of Customs Taxation and Anti-Smuggling on Tuesday imposed a penalty of Rs 200,000 on a currency smuggler after he pleaded guilty to the offence. Judge Syed Faiz Rasool Rashdi announced the verdict after suspect Aqil Ahmed entered guilty plea. According to the prosecution, Aqil Ahmed was caught with over $15000 at the Jinnah International Airport. He ... Read More »

Customs Appellate Tribunal reserves verdict of two cases filed by Atlas Honda

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ISLAMABAD: Customs Appellate Tribunal on Tuesday reserved judgment in two cases filed by Atlas Honda Limited. Customs Appellate Tribunal’s Special Division Bench comprising tribunal Chairman, Ghulam Murtaza Bhatti and Member Technical, Muhammad Nazis Khan, heard the case. The company had challenged the imposition of penalty by collector customs, Peshawar. The company had submitted plea for acceptance of claims against decision of ... Read More »

Taxpayers preferring manual system for filing tax returns‏

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MULTAN: Federal Board of Revenue Regional Tax Office Multan is facing slow tax collection process due to rampant use of  manual tax collection system collection. According to the sources, the RTO Multan has collected almost 13500 tax returns through e-filing and almost 34158 taxpayers filed their tax returns through manual up to November 27. Most of the taxpayers preferred to ... Read More »

Court to rule on Ayyan Ali passport case on Nov. 23

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ISLAMABAD: Special Customs Court Rawalpindi reserved its verdict on release of passport to super model Ayyan Ali on November 23, 2015. Counsels of both sides already completed their arguments on the case. Sources told Customs Today, that defense counsel of Ayyan Ali, Sardar Latif Khan Khosa told the court during case hearing that his client belongs to showbiz and modeling ... Read More »