Quantcast
Wednesday , March 29 2017
Breaking News
Home / Breaking News

Breaking News

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

PSX closes negative after shedding 148pts

KSE bear 3

KARACHI: Opened on positive note, the Pakistan Stock Exchange closed negative after shedding 147.78 points to reach 48375.63 points level on Wednesday. The stocks recorded the highest trading level of 48909.10 points and lowest level of 48336.78 points, with the volume of over 272.27 million shares and value of Rs13.8 billion. As many as 380 companies were active; of which ... Read More »

FBR bans officials’ leaves

FBR 1

ISLAMABAD: The Federal Board of Revenue Wednesday banned all kind of leaves for its officials/officers with immediate effect. Secretary (Mgt.IR-I) Administration Riaz Muhammad, through a notification, told all the FBR heads of field formations and members across the country that it has been observed with concern that the field formations of FBR are forwarding requests for grant of leave, including ... Read More »

DG Valuation revises customs values of zippers (low end brands) vide VR No. 1112/2017

DG Valuation

KARACHI: The Directorate General of Customs Valuation has revised the customs value of Zippers {Low end Brands) in cut to size and Rolls through Valuation Ruling No 1112/2017 under Section 25A of the Customs Act, 1969. The customs values of zippers (low end brands) in cut to size and rolls were determined vide Valuation Ruling No.887/2016, dated 27-07-2016. Certain importers ... Read More »

19 Customs officers of BS 17-19 reshuffled

pakistan-customs

KARACHI: Federal Board of Revenue (FBR) has transferred and posted 19 Pakistan Customs Service officers of BS 17-19 with immediate effect and further orders. Muhammad Iqbal Muneeb (BS-19) has been transferred from the post of Additional Director, Directorate General of Customs Valuation, Karachi and posted as Additional Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi. Beelam Ramzan ... Read More »

Customs establishes 10 new stations on border with Afghanistan to facilitate importers, exporters

305018-NatotrucksTorkhamAFP-1323608883-220-640x480

ISLAMABAD: Being cognizant of the requirements to facilitate exporters and importers, the Pakistan Customs has expanded its infrastructure to some ten new customs stations on border with Afghanistan. Moreover, the Pakistan Customs is also considering establishing more stations on specified locations to further facilitate the traders’ community. It is a fact that the overall recession in world has declined Pakistani ... Read More »

Two meetings scheduled to fix Customs values of steel sheets, honey

Valuation-Rulings

KARACHI: With the aim to determine customs values of several items, the Directorate General of Customs Valuation has scheduled meetings with the stakeholders, including importers, traders and industry representatives. According to the schedule on Tuesday (March 28), two meetings would be held with the representatives of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Karachi Chamber of Commerce & ... Read More »

FBR releases Rs 120m to upgrade Integrated Transit Trade Management at Torkham

Torkham Border Trade

PESHAWAR: The Federal Board of Revenue (FBR) has released Rs 120 million for Integrated Transit Trade Management System to upgrade Torkham border terminal with latest facilities and better service delivery. Sources said that work on the terminal would start within 45 days and will complete in three years. The project has been named Integrated Transit Trade Management System which will ... Read More »

Mis-declaration: Customs Appraisement West lodges FIR against auto parts importer

Collector Appraisement (west) Shahnaz Maqbool

KARACHI: Customs Appraisement West has lodged an FIR against M/s Ayan Enterprises in a mis-declaration case. Shahnaz Maqbool’s Appraisement West lodged the FIR against the said company for attempting to clear auto parts in the guise of machinery/fork lifter parts to evade taxes. The company imported a consignment declared to contain BGF brand hydraulic cylinders for automotive vehicles and brake/wheel/clutch ... Read More »

Customs seizes smuggled pigeons, cocks at Lahore airport

lahore airport

LAHORE: The Custom authorities, with the help of Director General Wildlife & Parks Punjab officials, have recovered 20 pigeons and four cocks illegally brought from Jeddah to Lahore at Allama Iqbal International Airport on. According to a Customs officer, one Mujahid Abbas was bringing 20 pigeons illegally from Jeddah by PIA airline flight Pk-760 when he was arrested. The raiding ... Read More »

Speedy customs clearance facility converts Gwadar Port favorite of importers, exporters

19 Mar 2007, Gwadar, Pakistan --- A ship is seen anchored at Pakistan's Gwadar deep-sea port on the Arabian Sea. Pakistan tightened security around a coastal town in Baluchistan province  before the opening of a port authorities hope will bring prosperity to the remote and troubled region.    --- Image by © Reuters/Corbis

ISLAMABAD: The facility of speedy customs clearance has converted the Gwadar Port as a major attraction for importers and exporters. In this regard, the Customs Department has established state of the art infrastructure at the Gwadar Port to provide maximum facilities to the importers and exporters. The main focus of the epartment is speedy execution of entire customs clearance process ... Read More »

DG Valuation revises customs value of imported pop-corn

DG Valuation

KARACHI: The Directorate General of Customs Valuation revised the customs value of imported pop-corn through Valuation Ruling No 1107/2017 under Section 25A of the Customs Act, 1969. According to details, the Directorate General earlier conducted an audit of clearance values of subject goods and during the course of perusal of import clearance data, it was observed that imported pop-corn were ... Read More »

Customs foils bid to smuggle over Rs5m at Karachi airport

Jinnah International Airport

KARACHI: The Customs authorities at Jinnah International Airport have foiled a money-laundering bid and arrested two women for attempting to smuggle more than Rs5 million in foreign currency to Dubai. According to a Customs Preventive Force (CPF) spokesperson Mohammad Irfan, the two women were attempting to smuggle 120,000 Saudi Riyals, 50,000 Emirati Dirhams and 500,000 Japanese Yen, which were recovered ... Read More »

Meetings scheduled to determine Customs values of several items on Monday

valuationbutton-1

KARACHI: With the aim to determine customs values of several items, the Directorate General of Customs Valuation has scheduled meetings with the stakeholders, including importers, traders and industry representatives. According to the schedule on Monday (March 27), seven meetings would be held with the representatives of Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Karachi Chamber of Commerce & ... Read More »

Customs to observe extended working hours on 30th, 31st

FBR 5

KARACHI: The Customs Department will observe extended working hours on March 30 and 31 for collection of duty and taxes. In a letter issued to all Customs stations across the country, the FBR directed to observe extended working hours on Thursday March 30, 2017 from 9:00am to 8:00pm and on Friday March 31, 2017 from 9:00am to 10:00pm for collection ... Read More »

Construction of Rs112b Border Customs Complex at Torkham started

Collector Qurban Ali Khan

PESHAWAR: Collector Qurban Ali Khan has said that practical work on construction of a Rs112 billion mega state-of-the-art Border Customs Complex at Torkhem to enhance regional trade with Afghanistan and Central Asian Republics (CARs) has been started. The Peshawar collector disclosed this while talking to businessmen of KP during his visit to Sarhad Chamber of Commerce and Industry (SCCI). Speaking ... Read More »

153 Customs Inspectors, Intelligence officers appointed

pakistan-customs

ISLAMABAD: As many as 153 candidates have been appointed as Inspectors and Intelligence officers of BS-16 in the Customs Department. These officers were appointed on consequent upon the recommendations of Federal Public Service Commission (FPSC), Islamabad vide letter No.F.4-80/2015-R-FS-I, dated 30.12.2016 and having accepted the terms and conditions of appointment contained in their offer of appointment letter C.No.2(9)/Cus-III/2015(Pt-II)(MC-IV) dated 17.02.2017. ... Read More »

Lahore DGTR conducts training workshop for Customs officers

DGTR workshop

LAHORE: The Directorate General of Training & Research (Customs) Regional Office, Lahore has conducted a three-day training workshop for the Customs officers. The DGTR organised the workshop in collaboration with United Nations Environment Programme (UNEP) and Ozone Depleting Substances, Ministry of Climate Islamabad at a local hotel. As many as 26 Customs officials from the Central Region participated in this ... Read More »

ASF seizes cache of weapon, ammunition at Lahore Airport

ASF, weapon

LAHORE: The Airport Security Force (ASF) Wednesday foiled a terror bid at the Allama Iqbal International Airport and confiscated a cache of weapons and ammunition. During a routine inspection, the ASF personnel stopped a vehicle at the airport check post on Wednesday morning, and recovered a weapon and a large cache of ammunition during search of the vehicle, the ASF ... Read More »

Pakistan, Switzerland sign revised agreement on double taxation

Px21-097
ISLAMABAD: Mar 21- Swiss Ambassador, Marc George and Chairman, Federal Board of Revenue, Dr. Muhammad Irshad exchanging documents after signing agreement on avoidance of double taxation between Pakistan and Switzerland. Finance Minister Senator Ishaq Dar witnessed the ceremony. ONLINE PHOTO

ISLAMABAD: Pakistan and Switzerland Tuesday signed the revised agreement on avoidance of double taxation with respect to taxes on income. The agreement was signed by the Ambassador of Switzerland, Marc George and Federal Board of Revenue Chairman Dr Muhammad Irshad. The signing ceremony was witnessed by Federal Finance Minister Mohammad Ishaq Dar, Special Assistant to Prime Minister on Revenue Haroon ... Read More »

Lahore Customs Intelligence to auction seized goods on 22nd

auction

LAHORE: Directorate of Intelligence & Investigation, Lahore is set to auction confiscated goods and poultry medicines at its warehouse on March 22. The goods which would be auctioned include generators, tyres, cloth, grease, compressors for air conditioners, LED TVs, audio speakers, DVD players, frame fitted with HD lights and data ports etc. Read More »