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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

Hyderabad Directorate of Customs Intelligence takes lead in IBOs: Director Dr. Sadiqullah Khan

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HYDERABAD: Director Customs Intelligence & Investigation Dr Sadiqullah Khan said that intelligence based operations (IBOs) of directorate I&I (customs) regional are in full swing. The Directorate in its focus on anti smuggling activities has  strategized  the  use  of  effective intelligence  coupled  with  coordination with other agencies  which resulted in meaningful seizures. During an exclusive interview with  Customs Today,  Dr. Sadiqullah ... Read More »

AEDB starts 50 MW wind power in Jamshoro

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KARACHI: Alternative Energy Development Board (AEDB) has executed the Implementation Agreement (IA) with Master Green Energy Limited (MGEL) for their 50 MW wind power project in Jamshoro, Sindh. Dr Rana Abdul Jabbar Khan has signed the IA with MGEL on behalf of the President, soon after taking over the charge of the post of Chief Executive Officer, AEDB. MGEL will ... Read More »

SHC seeks comments on petition filed by M/s National Enterprises against recovery notice

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KARACHI: The Sindh High Court (SHC) called comments from customs officials and deputy attorney general directing them to make ensure to filing their comments on a constitutional petition filed by M/s National Enterprises against notice for recovery of Rs17.294 million which is outstanding in respect of consignments of surgical equipment (shunts, perforators/ external drainage monitoring system) imported and cleared by ... Read More »

Customs Court seeks challan against M/s M.M Trading Co and others

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KARACHI: The Customs Court directed Collectorate of Appraisement East to complete investigation against Mehmood Iqbal, owner of M/s M.M Trading Co and others who are booked in a case of attempting to evade duties and taxes on the tune of Rs40,097,627. On August 10, 2019, investigation officer submitted that credible information was received that the above mentioned importer and others ... Read More »

Investment in saving certificates posts 19pc growth

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KARACHI: The investment in saving certificates has registered 19 percent growth to increase Rs2,217 billion in the last fiscal year owing to better rate of interest and safe investment avenue. The data released by State Bank of Pakistan (SBP) revealed that the investment increased to Rs2217 billion by June 2019 as compared with Rs1865 billion by end of same month ... Read More »

Overseas Pakistanis face problems in payment of duty

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KARACHI: The fluctuating value of the rupee and changes in duties and taxes have posed serious problems to overseas Pakistanis in sending remittances back home and receiving clearance for vehicles and other goods. According to the details, in order to put an end to the trouble faced by the overseas Pakistanis, a proposal has been floated for payment of the ... Read More »

StanChart expects lower inflation, no further hike in policy rate

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KARACHI: The State Bank of Pakistan (SBP) has delivered broadly in line with the Standard Chartered Bank’s expectations so far in the current tightening cycle. In the last Monetary Policy Committee meeting in July, the SBP said interest rate adjustments from “previously accumulated imbalances” were complete and that future monetary policy decisions would be data-dependent. “We recently lowered our non-consensus ... Read More »

China gifts 3 cargo scanning machines to Customs JIAP

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KARACHI: Consulate General of the People’s Republic of China hands over cargo scanning machines to Model Customs Collectorate Jinnah International Airport (JIAP). According to the details, the Consulate General of the People’s Republic of China handed over three Cargo Scanning Machines to the Customs Collectorate (MCC) Jinnah International Airport (JIAP) Karachi. These machines are given as gift by the Chinese ... Read More »

SBP issues fresh currency notes for Eid-ul-Azha

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KARACHI: The State Bank of Pakistan (SBP), through 16 field offices of its subsidiary SBP Banking Services Corporation (SBP BSC), issued fresh banknotes of various denominations aggregating to Rs284 billion, including Rs274 billion via commercial banks and Rs10 billion via cash counters of SBP BSC, during days leading to Eid-ul-Azha. Out of the total notes issued to commercial banks, Rs12 ... Read More »

Appraisement East distributes work among 13 appraising officers

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KARACHI:  Collectorate of Customs Appraisement East Deputy Collector Muhammad Arslan Majeed Rana issued notification for distribution of work among following appraising officers with immediate effect and until further orders:   Read More »

Customs Court directs to submit charge sheet against M/s Al-Aswed Associates & others

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KARACHI: The Customs Court directed investigation officer to complete investigation and submit charge sheet against suspects belonged to M/s Al-Aswed Associates, M/s ERA Marine Agencies, M/s Shufs Logistics, clearing forwarding agents who were nominated in first information report for evading duties and taxes in the tune of Rs74, 036, 216. On August 10, 2019, investigation officer submits that first information ... Read More »

Sindh govt bans plastic bags from October 1

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KARACHI: The Environment and Alternative Energy Department Sindh on Thursday announced a ban on selling and use of plastic bags. According to Sindh Adviser on Environment Murtaza Wahab, the ban will come into effect from October 1. The provincial adviser said that there will be a ban on manufacturing, selling and use of plastic bags, adding that a big reason ... Read More »

SHC suspends recovery notice issued by FBR to Asif Zardari & Faryal Talpur

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KARACHI: The Sindh High Court (SHC) suspended notice issued by Inland Revenue (FBR) to central leader of Pakistan People’s Party (PPP) and sister of former president Asif Ali Zardari, Faryal Talpur and Zardari Group, seeking details of agriculture land’s taxes. On August 09, 2019, a two-member bench also issued notices to officials of Federal Board of Revenue (FBR) and directed ... Read More »

Customs JIAP foils bid to smuggle narcotics

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KARACHI: Collectorate of Customs Preventive team deputed at Jinnah International Airport (JIAP) apprehended accused along with narcotics. According to the details, on the tip-off by higher authorities, staff of customs JIAP posted at International Departure beefed up the surveillance during which a passenger was intercepted on suspicion. The customs team inquired regarding the travel documents and conducted checking of the ... Read More »

SC issues notice to NAB on after arrest petition in KPT fraud case

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KARACHI: The Supreme Court of Pakistan (Karachi Registry) issued notices to officials of National Accountability Bureau (NAB) and prosecutor on a after arrest bail petition of co-accused Muhammad Ismail, who was arrested in a NAB reference fraud in Karachi Port Trust (KPT). On August 8, 2019, a three-member bench, comprising Justice Faisal Arab, Justice Sajjad Ali Shah and Justice Munib ... Read More »

SBP injects Rs2416.5b into market

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KARACHI: State Bank of Pakistan on Friday injected Rs 2416.5 billion into money market for seven days as reverse repo purchase through its open market operation. All 26 bids offered were accepted. The rate of return accepted is 13.36 percent per annum, said a SBP statement. Read More »

Customs Court approves bail to proprietor of Fazal & Co booked in tax evasion

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KARACHI: The Customs Court approved pre-arrest bail of suspect namely Rizwan Shaukat son of Shaukat Hussain, proprietor of Fazal & Co, who was booked in mis-declaration and mega tax evasion amounting to Rs31,437, 698. On August 8, 2019, the above mentioned suspect surrender himself before the court and informed that Sindh High Court (SHC) had granted his protective bail and ... Read More »

Overseas Pakistanis remit $2.04b in July

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KARACHI: Overseas Pakistani workers have remitted $2.04 billion in the first month of fiscal year 2019/2020 as compared with $1.98 billion in the same month of the last fiscal year, State Bank of Pakistan (SBP) said on Friday. During July 2019, the inflow of worker’s remittances amounted to $2.04 billion, which is 23.91 percent more than June 2019 and 2.9 ... Read More »

Maersk, QICT blackmailing for collection of unjustified demurrage, detention charges: Advocate Kashif Kareem

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MULTAN:Blackmailing of Shipping Company M/s Maersk Pakistan (Pvt) Ltd and Qasim International Container terminal (QICT) for the collection of unjustified demurrage and detention charges has seriously disturbed legitimate trade of importers and national economy has suffered huge loss due to their corruption. Said shipping company and terminal operator have misplaced the image of port and trust of importers over the ... Read More »

Pakistan Customs to deploy teams on 7 bordering areas to curb money laundering, smuggling

Pakistan Customs

KARACHI: Pakistan Customs has now spread its security blanket to the bordering areas of the country to root out the menace of money laundering. According to the details, the operations wing of the Pakistan Customs has constituted seven teams which will be deployed on the exit and entry points of the bordering areas of the country to stop the leakage ... Read More »