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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

Customs, excise duty collections record double-digit growth: SBP

tax revenue

ISLAMABAD:The customs and excise duty collections recorded a double-digit growth during the fiscal year 2018-19, State Bank of Pakistan (SBP) said in its recent report. According to SBP report “The State of Pakistan’s Economy” the depreciation of Pakistan rupee, imposition of regulatory duty, and an increase in excise duties led to a double-digit growth in custom and excise collection during ... Read More »

Customs Court approves remand of suspect in polyester fabric’s smuggling

ban on used clothes

KARACHI: The Customs Court approved physical remand of suspect namely Amad Hussain son of Shah Afzal and sent him back to customs department, who was involved in a case of attempting to smuggle foreign origin polyester fabric worth Rs33,247,607. On July 9, 2019 investigation officer produced above mentioned suspect along with first information report (FIR) and informed the court that ... Read More »

Mission of DC Abdul Qadoos will be continued: Member Customs Agha Jawwad


KARACHI: Federal Board of Revenue (FBR) Member Customs Operations Agha Jawwad has said that the culprits involved in the brutal killing of Deputy Collector Preventive Quetta Customs Dr. Abdul Qudoos will soon be arrested. Addressing the condolence seminar conducted in Customs House after the martyrdom of Deputy Collector Preventive Quetta Customs Dr. Abdul Qudoos, Member Customs Agha Jawwad hailed his ... Read More »

Peshawar I&I foils bid to smuggle huge quantity of opium near Motorway Toll Plaza


PESHAWAR: Directorate of Customs Intelligence and Investigation (I&I) seized 12 kilograms of opium worth millions of rupees and arrested accused near Motorway Toll Plaza. Sources of I&I told Customs Today, on direction of Director Rashid Habib the campaign against smuggling of narcotics is on full swing. An information was received to the effect that a sizeable quantity of narcotics would ... Read More »

Pak Rupee weakens by 16 paisas on import payments

Pak rupee 2

KARACHI: The Pak Rupee weakened by 16 paisas against dollar on Wednesday owing to higher demand for import and corporate payments. The rupee ended Rs156.97 to the dollar from previous day’s closing of Rs156.81 in interbank foreign exchange market. The foreign currency market was initiated in the range of Rs156.85 and Rs156.95. The marked recorded day high of Rs157.00 and ... Read More »

Pak Rupee falls further as dollar hits 157 in interbank trade


KARACHI: The Pakistani currency maintained its downturn for a seventh straight session, hitting a low of over Rs157 against the US dollar in the interbank market on Monday. Since the morning, it moved both ways within a range of Rs156.50 to Rs 157.07. Latest updates showed the rupee stood at Rs156.96, up by Rs1.12 from Friday’s closing rate of Rs155.84. ... Read More »

Govt withdraws zero-rated status for major exporters


ISLAMABAD: The PTI government has withdrawn the zero-rated facility, saying that the move will streamline revenue flow and prevent leakages. While announcing the federal budget for fiscal year 2019-20, the government withdrew the Statutory Regulatory Order (SRO) 1125(I)/2011, which offered zero-rated sales tax on inputs and products of five major export-oriented sectors ie textile, leather, carpets, sports goods and surgical ... Read More »

Shipping activity at Port Qasim


KARACHI: Three ships MS Tiger, Janic Star and Golar Maria carrying containers, Coal and LNG were allotted berths at Qasim International Container Terminal, Pakistan International  Bulk Terminal and Pakistan Gasport Consortium Terminal respectively. Meanwhile four more ships, MSC Maeva, Coral Gem, Andrey Pervozvanny and Althakhira carrying Containers, Coal Palm oil and LNG  also arrived at outer anchorage of Port Qasim ... Read More »

Pakistan’s new oil tanker arrives at Karachi port

KARACHI: June 05 - The first large vessel capacity 5000 container Friday steamed into Karachi Port after increasing the depth of Karachi Harbour. APP

KARACHI: MT Khairpur, the new oil tanker acquired by Pakistan National Shipping Company (PNSC), has reached Karachi port, bringing the number of oil cargo vessels in the company’s fleet to six, a statement said on Sunday. The PNSC said the South-Korean-made ship, known as a clean product tanker, having a capacity of 75,000 DWT (LR-1 category), was built in 2012, ... Read More »

Pak Rupee makes gain against dollar

pak rupee 6

KARACHI: The Pak Rupee made gain against dollar on Tuesday after maintaining levels for 11 consecutive days. The rupee ended at Rs141.39 to the dollar from previous day’s closing of Rs141.40 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded a high of Rs141.398 and low of ... Read More »

Petrol price likely to go up by Rs14.37 for May


ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended increasing oil prices by as much as Rs14.37 for the month of May. According to media, in a summary moved to the petroleum division on Monday, the Ogra proposed that the price of high speed diesel (HSD) be raised by Rs4.89 per liter and petrol price be hiked by Rs14.37 ... Read More »

‘Allowing Afghan Transit Trade can unleash full potential of Gwadar port’


GWADAR: Trained as a mechanical engineer from the Balochistan University of Engineering and Technology, Mir Naveed Baloch is a member of the Pakistan Engineering Council since 2003. Following his engineering education, he ventured into diversified commercial interests such as real estate; and shipping, transport & freight. Currently, he is serving his third term as the President of Gwadar Chamber of ... Read More »

FBR decides not to extend final date of sales tax refunds

Sales Tax Refund

ISLAMABAD: Federal Board of Revenue (FBR) has decided not to extend the date of sales tax refund bonds from April 10. Official sources from FBR told Customs Today that the board had earlier extended the date of sales tax returns from March, 25 to April 10, 2019, in order to facilitate the taxpayers. The board has amended Section 67-A of ... Read More »

NBP & NIFT will remain open on 29th & 30th March to facilitate taxpayers

tax returns

KARACHI: Federal Board of Revenue (FBR) has made special arrangements for income tax return filing. The offices of Customs Appraisement East. West and Customs Port Mohammad Bin Qasim shall remain open and observe working hours till 10 pm on 29th March, 2019 (Friday) and till 12 pm on 30th March 2019 (Saturday) for collection of duty and taxes. The FBR’s ... Read More »

Jhang ASO impounds non-duty paid Toyota Corolla car


FAISALABAD: Collectorate of Customs Anti Smuggling Organization (ASO) impounded a non-duty paid Toyota Corolla Rs8 million. Sources told Customs Today that in pursuance of information the ASO team intercepted a Toyota Corolla car bearing registration number: ABW-281 having engine capacity 1300 CC model 1998 near Qaim Bharwana Multan Road Jhang. The ASO team asked the driver of the vehicle Abdul ... Read More »

Quetta customs starts crackdown against NDP vehicles

FSD collector Zulafqar

QUETTA: Collectorate of Customs started crackdown against non-customs-paid vehicles plying in the province. According to the details, Chief Collector Dr. Zulfiqar Ali Chaudhry strictly directed Customs Preventive to take stern action against owners of the non-duty paid vehicles. Collector Preventive Iftikhar Ahmed immediately directed anti-smuggling squads to enhance checking. Assistant Collectors Akmal Durrani and Eesha Rahim were directed to root ... Read More »

Pak Rupee ends with another gain against dollar

pak rupee

KARACHI: The Pak Rupee gained another 29 paisas against dollar on Friday owing to positive sentiments prevailed in currency market. The rupee ended Rs138.53 to the dollar as compared with previous day’s close of Rs138.82 in interbank foreign exchange market. Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in ... Read More »

FBR promotes 17 customs officers from BS-17 to BS-18


ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted 17 officers of Pakistan Customs Service (PCS) from BS-17 to BS-18 with immediate effect. The officers who are promoted includes Syed Ittrat Hussain, Maryam Khalid, Saima Zaib Butt, Dr. Jam Muhammad Imran, Muhammad Wasif Malik, Amanat Khan, Muhammad Adnan Khan, Abdul Majeed, Mukhtar Ali Sheikh, Muhammad Faizan Badar, Sadia Usman, Choudhary ... Read More »

Multan Customs foils bid to smuggle foreign currency from MIA

Customs Preventive foils bid to smuggle 2kg gold from Lahore Airport copy

MULTAN: Customs authorities deputed at Multan International Airport (MIA) foiled an attempt to smuggle foreign currency and arrested two passengers. Sources told Customs Today that Collector Ambreen Ahmad Tarar has directed Deputy Collector Saqib-ur-Rehman to tighten scrutiny at Multan International Airport to thwart any attempt of smuggling and money laundering. Multan Customs enhanced the monitoring of the passengers good to ... Read More »

Banks to remain open on Saturday, Sunday for receiving Hajj applications


KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday – Sunday) to facilitate pilgrims in depositing Hajj applications along with dues. The SBP directed 14 designated banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank, Allied Bank, Bank of Punjab, Bank Alfalah, Zarai Taraqiati Bank, Faysal ... Read More »