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Maersk Line should be banned due to corruption and mismanagement: Senator Ilyas Bilour

Ilyas Bilour

PESHAWAR: Importers are shifting businesses from Pakistan due to huge corruption by shipping lines so the government should take notice of unjustified demurrage & detention charges taken by Maersk Line. Many importers associated with Pakistan Afghanistan Trade and Transit route have already shifted their business from Pakistan due to heavy losses. This was said by Senator Ilyas Bilour while talking with ... Read More »

FIA starts legal procedure against Maersk Line in Rs 15b demurrage & detention scam

Soren Skou and Claus V Hammingsen

KARACHI: The Federal Investigation Agency (FIA) has taken notice against terminal operators and shipping companies in Rs 15 billion mega demurrage and detention scam and started legal action against the accused in this regard. FIA Corporate Crime Circle Karachi has started legal procedure by issuing a letter No FIA/CCCK/VRF-52/2018/5486-87 in this case. Another complaint received by the FIA demanded legal ... Read More »

Peshawar I&I impounds three trucks loaded with Afghani apples worth Rs11.5m


ISLAMABAD: Directorate of Customs Intelligence and Investigation team seized three trucks full of smuggled Afghani fresh apples worth Rs11.5 million. Director Dr. Arslan Subuctageen while talking with Customs Today said that the apple’s season in Afghanistan started and so its smuggling. He said that after receiving this information of smuggling attempt on 19.10.2018,  he constituted a team under the supervision ... Read More »

Trade activities resume at Pak-Afghan Torkham border


TORKHAM: Remained close for two days due to general election in Afghanistan, Pak-Afghan sharing border was resumed for traffic and pedestrian movement. Pakistan border security official told that the border was reopened on Sunday morning as per routine schedule and all the vehicles and passengers stuck on both sides of the border were let to cross. According to the locals ... Read More »

Revenue can only be generated through strong taxation system: Commissioner Fiza Batool

Fiza Batool

LAHORE: Tax system should be made a part of curriculum to create awareness and to educate each and every citizen of Pakistan about the importance of filing of tax returns and payment of tax liability. These views were expressed by Commissioner Inland Revenue, Information Processing and Taxpayers Facilitation Zone Fiza Batool during an exclusive interview with Customs Today. She said ... Read More »

Importer moves SHC seeking release of medicated creams & face washes consignment


KARACHI: The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general directing them to file their para wise comments on a petition filed by M/s Javad & Co for seeking release of its consignments comprising medicated creams and face washes. A two-member bench, headed by Justice Aqeel Ahmed Abbasi, heard the matter on October 22, ... Read More »

Faisalabad ASO seizes smuggled goods worth Rs11m in third week of October

asif meh

FAISALABAD: Anti-Smuggling Organization (ASO) conducted various operations against smugglers on the special instructions of Collector Asif Mehmood Jah and recovered smuggled goods worth Rs11 million during third week of October. Sources told Customs Today, that deputy Collector Aneeqa Afzal constituted different anti-smuggling squads to curb smuggling. The ASO team comprising Superintendent, Tanveer raza Naqvi, Sepoy Khalid Ashraf Noor, Farhan Frank, ... Read More »

Customs I&I recovers three more Qatari luxury vehicles from farmhouse of Saifur Rehman


ISLAMABAD: Directorate of Customs Intelligence and Investigations officials Monday recovered three more Qatari luxury vehicles from a farmhouse belonging to former senator Saifur Rehman. Sources told Customs Today that the recovered vehicles were brought to the country under diplomatic immunity, officials said as they relocated the vehicles to Customs Headquarters. As many as 26 Qatari luxury vehicles have been recovered ... Read More »

Customs Court approves bail of appraiser involved in betel nuts smuggling


KARACHI: The Customs Court granted post-arrest bail to suspect namely Muhammad Shahid Murad, Appraiser, Customs Collectorate of Appraisement, Customs House Karachi, who was booked in a case of attempting to smuggle non-duty paid 209,540 kilograms betel nuts. On October 22, 2018, counsel for the accused moved bail petition and argued that his client is innocent and was falsely implicated in ... Read More »

Finance Ministry seeks detailed report about beneficiaries of Tax Amnesty Scheme 2018

Asad Umar Pic - Copy

ISLAMABAD: Finance Ministry asked Federal Board of Revenue (FBR) to submit detailed report of beneficiary of Tax Amnesty Scheme 2018, it is learnt here. Official sources told Customs Today that Finance Ministry has directed FBR to submit separate details of national and international beneficiaries of Tax Amnesty Scheme 2018. Meanwhile, it is also directed regarding how much of concessional tax ... Read More »

Customs Court sends suspected betel nuts smugglers to jail

Customs court sends suspected betel nuts smugglers to jail on remand copy

KARACHI: The Customs Court sent suspects namely Baz Muhammad son of Malik Abdul Qayyum and Abdul Jabbar son of Muhammad Yousaf to jail on judicial remand who were booked in a case of attempting to smuggle non-duty paid betel nuts and other contraband goods. On October 22, 2018, investigation officer produced them before the court and informed that on  credible ... Read More »

Customs players will join national teams soon: Member Customs Zahid Khokhar


KARACHI: Federal Board of Revenue (FBR) Member Customs Zahid Khokhar has said that the Customs department is also playing vital role in sports section and soon Customs’ players will be playing in national teams. Member Customs Zahid Khokhar, who was the chief guest of the event, said this after a friendly hockey match played between Junaid Shah Eleven and Iftikhar Ahmed ... Read More »

Multan Customs to hold auction of confiscated vehicles & goods today


MULTAN: Collectorate of Customs will hold auction of the confiscated goods and vehicles lying at the State Warehouse on 20th September (today). The Collectorate will hold auction of confiscated vehicles and miscellaneous goods at Multan Dry Port near Sher Shah Road. The Collectorate displayed banners for auction to attract public for generating handsome revenue. Multan Customs will offer only three ... Read More »

FBR collects Rs210b tax revenue till Oct 22

FBR chairman Jahanzeb

ISLAMABAD: Federal Board of Revenue (FBR) collected Rs210 billion of revenue till October 22 against the assigned target of Rs300 billion for October 2018, it is learnt here. Official sources told Customs Today that FBR collected at least Rs90 billion within 8 days of October to achieve the assigned target. However, FBR failed to achieve its first quarter target and ... Read More »

Sargodha ASO impounds non-customs paid BMW motorcycle


SARGODHA: Anti-Smuggling Organization impounded a non-customs paid foreign origin BMW motor cycle during operation in Chiniot City. Sources told Customs Today that Anti-Smuggling Organization has intercepted the 800CC BMW motor cycle Racer during a routine patrolling on road. The owner of the bike presented the fake documents to ASO team. During the verification of documents ASO found these documents fake ... Read More »

Junaid Makda assures MSPIDA to make efforts for resolving issues

WhatsApp Image 2018-10-22 at 13.14.03

KARACHI: President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has assured All Pakistan Motorcycles Spare Parts Importers & Dealers Association (MSPIDA) that KCCI will try its best to get taxation, Customs Valuation Rulings, Duty Structure, cleanliness, law & order and K-Electric related issues resolved. The assurance was given during a meeting with members of MSPIDA delegation who ... Read More »

Govt urged to ensure cut in paper prices


LAHORE: Government should play a decisive and immediate role for reduction in paper prices as recent massive hikes have given a big blow to this business. The demand was raised at a meeting between the LCCI Acting President Khawaja Shahzad Nasir, Vice President Fahim-ur-Rehman Sehgal and a delegation of All Pakistan Paper Merchants Association (APPMA). The delegation was comprised of ... Read More »

PM should have a consultative session with business leaders every three months


ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday said the Prime Minister Imran Khan has decided to take stakeholders into confidence over economic issues for which the business community is highly grateful. In a meeting with the leaders of the business community on Friday, the PM Imran Khan asked the business community to help implement ... Read More »

Women empowerment and entrepreneurship’ problems discussed


RAWALPINDI: A coffee morning was arranged by Rawalpindi Chamber of Commerce and Industry (RCCI) for women entrepreneurs to discuss the issues and hurdles to economic empowerment of women. Chief Executive Officer of Depilex and Depilex Smileagain Foundation, Masarrat Misbah, was the chief guest on the occasion. The function was largely attended by the businesswomen from the twin cities of Rawalpindi ... Read More »

PSX opens week on negative note


KARACHI: The Pakistan Stock Exchange started new week on negative note as the benchmark KSE 100-share Index recorded a decrease of 84.85 points or 0.22% to settle at 38,345.42. Earlier, the KSE-100 index shot up as soon as the trading began, gaining over 340 points. However, soon after selling pressure dragged the index down as fertiliser, oil and gas exploration ... Read More »