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Corruption by Principal Appraiser Dost must be leveled by fair investigations: Advocate Jaffar Qazi

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PESHAWAR: Advocate Jaffar Ali Qazi said the issue of good governance has again surfaces in the customs department of Federal Board of Revenue (FBR) as the high ups are protecting the ‘corrupt’ officials. While talking TO Customs Today on Monday at Peshawar, he said corruption in customs seriously hinders the flow of domestic and international business, adding that corruption of Principal ... Read More »

Collector Port Qasim Ch Javed to lodge case against M/s M.B. Fertilizer for evading Rs6.78m taxes

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KARACHI: Collector Customs Port Qasim decided to register case against M/s M.B. Fertilizer for evading over Rs 6.78 million taxes and duties and defrauding the government in import of different chemicals. Sources told Customs Today Port Qasim, that Collector Chaudhery Javed received information that M/s M B Fertilizer imported different consignments and consignments were declared totally filled with chemicals. The ... Read More »

Quetta Customs foils bid to smuggle NDP mobile phones worth Rs6.50m

Quetta Customs seizes 0 12m litre diesel worth Rs8 1m copy

QUETTA: The Directorate of Customs Intelligence and Investigation (I&I) foiled a bid to smuggle non-duty paid mobile phones worth Rs 6.50 million during checking. Sources told Customs Today on Monday morning that Director Customs Intelligence and Investigation Quetta Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle non duty paid mobile phones, from Quetta to Karachi. ... Read More »

Adjudication-I recovers Rs8.59m from M/s Mas Traders

Tahir Qureshi

KARACHI: Customs Adjudication-I issued recovery and final notice to two defaulter companies and recovered Rs 8.59 million from M/s Max Traders. Sources told Customs Today that defaulter company M/s Max Traders got cleared a consignment of electronics accessories including drill machines, parts of drill machines, LED TVs, picture tubes and other items on February 13, 2018 and evaded a tax ... Read More »

CAA reluctant to provide vigilance desk to Customs staff at NIIA

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ISLAMABAD: The Civil Aviation Authority (CAA) is reluctant to provide vigilance desk to customs staff at Departure Hall of NIIA. Customs staff of NIIA is trying to get excess at PIA hangar’s area for vigilance of planes because most of narcotics cases were reported from the hangar area. Assistant Collector Farheen Zahra while talking to Customs Today said, “We have ... Read More »

Customs Export retrieves Rs9.12m from two defaulter companies

Tax Revenue

KARACHI: The Customs Export recovered evaded amount of taxes and duties of Rs 9.12 million from defaulter companies which were issued with notices to pay the outstanding dues. Sources told Customs Today that, during scrutiny of the import data, it was revealed that M/s Kamil Associates availed undue benefits and concessions by importing blankets, bed sheets and pillow covers by ... Read More »

Faisalabad Adjudication declares seizure of non customs paid vehicle as legal

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FAISALABAD: The Customs Adjudication Deputy Collector Saima Ayaz  decided a case of non duty paid Toyota Corolla car and issued Order-in-Original (ONO) No 71/2018 in favor of Sargodha Anti-Smuggling Organization (ASO). Sources told Customs Today that Sargodha ASO during routine checking impounded a Toyota Corolla car bearing registration no HD 474 worth Rs 8,28,160 and asked owner Haider Ali to ... Read More »

Customs Court approves bail to suspect booked in HSD smuggling case

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KARACHI: The Customs Court granted bail to suspect namely Abdul Hussain son of Abdul Sattar, who was booked in a case of attempting to smuggle non-duty paid 4500 liter High Speed Diesel (HSD) which was being smuggled through sea. Naib Subedar/ Investigation Officer Arshad of Pakistan Coast Guard produced the above mentioned suspect before the court and informed that on ... Read More »

Customs Court sends suspects to jail booked in tax evasion

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KARACHI: The Customs Court send suspects namely M Najib Markatia, owners/ proprietor/ partner of M/s Paradise Ecommerce Solutions and Rafiq Ahmed Siddiqui, clearing in-charge of M/s Paradise Ecommerce Solution to Central Jail on judicial remand, who were booked in a case mis-declaration and evasion of duty and taxes to the tune of Rs28,54,943. Investigation Officer produced the above mentioned suspects ... Read More »

Gwadar Customs seized huge quantity of smuggled medicines & accessories worth Rs10.25m

Gwadar Customs surpasses revenue collection to Rs3947 385m copy

  GWADAR: The Customs Collectorate seized huge quantity of illegal medicines and medical accessories worth Rs 10.25 million. Sources told Customs Today on Monday that deputy collector Gwadar received secret information that some smugglers are trying to smuggle ban medicines and medical accessories from Gwadar to Karachi. After receiving this information, he constituted a raiding team under the supervision of ... Read More »

SHC issues notice to customs dept on petition filed by M/s Manzoor Sons (Pvt) Ltd

SHC

KARACHI: The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general on a constitutional petition filed by M/s Manzoor Sons Pvt Ltd, seeking release order of its consignments of non-woven material/ fabric seized by customs department due the disputed valuation. Directives were issued by a division bench, headed by Justice Aqeel Ahmed Abbasi on Tuesday’s ... Read More »

NAB starts another high level probe against Nawaz Sharif on complaint of Asad Kharal

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ISLAMABAD: The NAB launched another high level inquiry against former prime minister Nawaz Sharif over money laundering allegations on the complaint of senior investigative journalist, Asad Kharal. The spokesperson for NAB said Kharal recorded his statement before the bureau and submitted relevant record to NAB investigators. According to the spokesperson, the complainant provided details about alleged money laundering by Sharif and ... Read More »

China’s tariffs on US oil would disrupt $1b monthly business

File photo of a Chinese national flag fluttering at a construction site for a new residence complex in Beijing

SINGAPORE: China’s threat to impose duties on US oil imports will hit a business that has soared in the last two years, and which is now worth almost $1 billion per month. In an escalating spat over the United States’ trade deficit with most of its major trading partners, including China, US President Donald Trump said last week he was ... Read More »

France crowned champions of air traffic control strikes

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PARIS: Hindered by strikes and outdated equipment, French air traffic control is responsible for a third of aviation delays in Europe, a report in France claimed on Monday. Between 2004 and 2016, French air traffic controllers were on strike 254 days, while second-placed Greece only had 46 days of stoppages, Italy 37 and Germany four, according to a senate finance ... Read More »

General Electric to cut 1,200 jobs in Switzerland

The logo of General Electric is pictured at the 26th World Gas Conference in Paris, France, June 2, 2015.  REUTERS/Benoit Tessier  - RTR4YIOG

GENEVA: General Electric  will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday. GE had announced plans in December to cut as many as 4,500 jobs in Europe – including 1,400 in Switzerland – as it aims to reduce its global footprint by 30 ... Read More »

Brexit deal: ‘Meaningful vote’ battle to resume in Lords

Post-Brexit UK

LONDON: The battle over Parliament’s say in the Brexit process between MPs, peers and ministers resumes in the Lords later. Peers will vote on an amendment forcing ministers to consult Parliament in the event of there being no deal. Theresa May avoided defeat on the issue last week but rebels say concessions made by Downing Street are “valueless”. MPs overturned ... Read More »

Three-week winning streak at stock market snapped

A sign of the Pakistan Stock Exchange is seen on its building in Karachi, Pakistan January 11, 2016. REUTERS/Akhtar Soomro/File Photo

KARACHI: Stocks snapped three-week winning streak triggered by the smooth transition of power to the caretaker government that led to create confidence in the minds of the investors over the holding of timely polls on July 25. But in the outgoing week, some other developments put the political issues on the back-burner as KSE-100 index declined by 267 points (0.61 per ... Read More »

World Bank to give $500m for solar energy, regional connectivity

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ISLAMABAD: The World Bank is committing over half a billion dollars through two projects to support renewable energy in Sindh and expand economic activity between Pakistan and Afghanistan through the development of an economic corridor along the Khyber Pass. “The projects will address Sindh’s energy needs through the generation of solar power benefitting the entire province and support trade between ... Read More »

US imports push Japan into trade deficit in May

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WASHINGTON: Imports of US aircraft helped push Japan to a trade deficit in May, official data showed on Monday, but experts said it was a temporary effect not linked to ongoing trade tensions. Japan’s imports rose 14.0 per cent in May from a year earlier, according to finance ministry data. Exports also enjoyed an 8.0 percent rise but the overall ... Read More »

New JIT constituted to support high-level JIT to probe attack on Asad Kharal

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LAHORE: Shahzad Sultan, head of JIT formed to investigate attack on senior journalist Asad Kharal, has constituted a sub-JIT to take the case ahead speedily. Asad Kharal was attacked few days ago by armed assailants, most probably for pursuing billions of rupees corruption and green channel smuggling cases. It is reported that sub-JIT comprises four officers including SP Naveed, DSP ... Read More »