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International Customs

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

Germany resists pressure to ease Saudi arms export halt

German Foreign Minister Heiko Maas attends the weekly cabinet meeting in Berlin, Germany, February 20, 2019.   REUTERS/Fabrizio Bensch

BERLIN: Germany is sticking to its weapons exports freeze to Saudi Arabia, the government said on Wednesday, resisting pressure to soften its stance after criticism from Britain and defense firms, including Airbus, who argue it is hurting commerce. Germany said in November it would reject future arms export licenses to Riyadh over the killing of Saudi journalist Jamal Khashoggi. It ... Read More »

Ryanair inks agreement with Belgium based pilot unions

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Ryanair’s directly employed pilots based in Belgium have voted in favour of a collective labour agreement governing pay and conditions for the next four years. The vote, passed by a majority of 98%, is a further step towards industrial relations stability at Europe’s largest budget airline. In a statement the airlines said the deal was negotiated between Ryanair and the ... Read More »

Capital gains tax proposal sparks chorus of concerns

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Business groups have pushed back against a Capital Gains Tax with a chorus of concerns ranging from the impact on productivity, the destruction of shareholder value, and flow-on to an already slumping property market. Matt Goodson, managing director of Salt Funds Management, said CGT would have a negative impact on company valuations. “It will increase companies’ cost of capital, which ... Read More »

Brazil president seeks $270 bln pension savings, Congress has doubts

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BRASILIA: Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress , a plan to save over 1 trillion reais ($270 billion) in a decade, which raised doubts about whether lawmakers would pass a package of that scale. The social security bill is the cornerstone of the new president’s effort to close what most economists call an unsustainable public ... Read More »

Japan’s exports fall most in 2 years as China-bound shipments weaken

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TOKYO: Japan’s exports posted their biggest decline in more than two years as China-bound shipments tumbled, fueling concerns about slowing global demand as the business mood sours and orders for the country’s machinery goods fell sharply. Finance Ministry data out on Wednesday showed Japan’s exports fell 8.4 percent year-on-year in January, a bigger decline than the 5.5 percent fall expected ... Read More »

Korea’s income gap hits record high in Q4

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South Korea’s household income inequality hit a record high in the fourth quarter of 2018, government data showed Thursday, prompting officials to step up efforts to carry out a series of measures to support low-income people. An average household earned 4.6 million won ($4,000) per month in the October-December period, up 3.6 percent from the previous year, according to the ... Read More »

India’s $1 trillion digital economy target by 2025 possible by improving digital business, fostering innovation

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To capture India’s $1 trillion digital opportunity by 2025, it is important to reduce operating costs, improve investments in digital businesses and foster innovation, according to a report released on February 20. The report, India’s Trillion Dollar Digital Opportunity, was released by the Ministry of Electronics and Information Technology (MeitY) done in collaboration with McKinsey & Company. While India’s digital ... Read More »

Philippine Airlines welcomes 5th Airbus A350-900

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MANILA: Philippine Airlines on Thursday said it has received its fifth Airbus A350-900 dubbed as the “Love Bus.” In a statement, the flag carrier said officials welcomed the aircraft at the Ninoy Aquino International Airport (NAIA) Terminal 2 on Wednesday. The “kissmark” logo on the brand new A350-900 commemorates the 40-year partnership of PAL and plane-maker Airbus, the airline said. ... Read More »

Bangkok Airways launches street food menu

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Amornrat Konsawat, product development boss at Bangkok Airways, said the airline would soon offer a new in-flight street-food menu. It would include pad Thai with shrimp, stir-fried chicken with basil leaves served with jasmine rice, roasted duck noodles, Thai vermicelli with fish curry, streamed spicy rice with chicken, southern-style spicy minced chicken served with jasmine rice, Thai spicy and sour ... Read More »

‘Ivory Queen’ sentenced to 15 years in jail for running African smuggling ring

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A Chinese national responsible for running a huge ivory smuggling ring is sentenced to 15 years behind bars in Tanzania. We tell you more about the “Ivory Queen”. Also, Burkina Faso faces an unprecedented humanitarian crisis with around 100,000 people who have been displaced in the country. And in South Africa, a tiny seafood restaurant has been named the best ... Read More »

Schiphol workers arrested in drug trafficking investigation

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Another two Schiphol employees were arrested in an investigation into large-scale drug trafficking. The two men, aged 33 and 44 from Amsterdam, worked in the baggage, catering and cleaning departments. They were arrested by the Koninklijke Marechaussee on Tuesday, NU.nl reports. Twelve other arrests were made in this investigation last year. Nine of those suspects worked at Schiphol. The suspects ... Read More »

Nepal to join travel mart as partner

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Nepal will act as a partner country in the upcoming three-day Novoair Dhaka Travel Mart 2019 starting on March 21. The partnership will enhance cooperation in development of tourism in Bangladesh and Nepal and promote tourist exchanges, according to a statement. A memorandum of understanding in this regard was signed by Kazi Wahidul Alam, editor of The Bangladesh Monitor, and ... Read More »

Deliveroo launches in Kuwait amid stock market flotation rumours

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Deliveroo is expanding its takeaway network to Kuwait, in a move which will see the fast-growing company enter its 14th market amid whispers of an impending IPO. The food delivery service is to partner with more than 900 restaurants in the Middle East country and plans to create work for as many as 500 people in the first year. It ... Read More »

Migrants suspected of terrorism links, smuggling detained in Bosnia

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Sarajevo: Six Afghan migrants suspected of links to terrorism and people trafficking have been detained in Bosnia since the beginning of the year, the country’s service for foreign affairs said on Tuesday. The six are among more than 25,000 migrants and refugees, most from Pakistan, Afghanistan, Iraq or Iran, who have entered Bosnia since January 2018 after other states, notably ... Read More »

Riyadh woos Iraqis with Security Talks, Economic Projects

Saudi Arabia's King Salman bin Abdulaziz Al Saud shake hands with Iraq's President Barham Salih during his visit in Riyadh, Saudi Arabia, November 18, 2018. The Presidency of the Republic of Iraq Office/Handout via REUTERS   ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. - RC1650B939B0

Falih al-Fayadh, head of the Popular Mobilization Units and Iraq’s national security adviser, visited Saudi Arabia Jan. 31 in a sign of the new and improved ties between the two countries. As Fayadh is close to Iran and widely viewed as a pro-Iran candidate for interior minister in the government of Prime Minister Adel Abdul Mahdi, his visit aimed to ... Read More »

Is Iran Smuggling Weapons From Jordan Into the West Bank?

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Reports emerged in early February that Fatah’s Tanzim military arm in the West Bank has been purchasing weapons smuggled from Syria through Jordan to arm itself for the succession battle when Palestinian Authority leader Mahmoud Abbas’s rule comes to an end. The reports may still be unconfirmed, but we should take note of what is going on in southern Syria, ... Read More »

Afghan migrants suspected of terrorism links, smuggling

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Six Afghan migrants suspected of links to terrorism and people trafficking have been detained in Bosnia since the beginning of the year, the country’s service for foreign affairs said on Tuesday. The six are among more than 25,000 migrants and refugees, most from Pakistan, Afghanistan, Iraq or Iran, who have entered Bosnia since January 2018 after other states, notably European ... Read More »

‘Cat burglar’ flees Taiwan with two kittens

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TAIPEI: An alleged cat burglar from Hong Kong reportedly smuggled two stolen persian kittens through Taiwan’s biggest airport by hiding them under her clothes and pretending to be pregnant. The brazen theft prompted the authorities at Taoyuan airport to launch an investigation into how the woman was able to breeze through security without her feline contraband being spotted, Apple Daily ... Read More »

Smaller tax-free shopping and alcohol allowances

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Returning travellers have a smaller allowance on tax-exempt overseas shopping, under new rules that kicked in at midnight today. Those who spend fewer than 48 hours outside Singapore will now avoid paying the 7 per cent goods and services tax (GST) only if the total value of items bought abroad is $100 or less, down from $150. The threshold has ... Read More »

Commission intensifies “no-deal” Brexit customs preparedness

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In another move that the European Union is preparing for the UK to leave the bloc on March 29 with no exit agreement, the European Commission on Monday stepped up its “no-deal” outreach to EU businesses in the area of customs and indirect taxation such as value-added tax (VAT), given the risk that the UK may leave the EU without ... Read More »