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Multan Customs decides 56 seizure cases worth Rs.207.361m

customs court adjournes case

MULTAN: Collectorate of Customs Adjudication decided 56 seizure cases of worth Rs207.361 million during July 2019-20. According to details, Deputy Collector has finalized 22 seizure cases of worth Rs12.835 million during the month of July. There were 41 fresh seizure cases of worth Rs.20.013 million added in the court of deputy collector for legal trial. Deputy Collector Customs Adjudication has ... Read More »

Multan Dry Port wears deserted look as no consignment available

Faisalabad Customs Intelligence collects evaded tax, release consignments

MULTAN: Multan Dry Port wears deserted look as no consignment was available to handle due to official holiday in celebration of Eid-ul-Azha. According to details, Multan Customs employees who are deputed at Multan Dry Port were present to perform their duties after Eidul-Azha but consignments for import and export were not available for handling. The Multan Dry Port has cleared ... Read More »

RCCI to hold 2nd Gems and Jewelry Expo on August 23


RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) is going to organize three day 2nd Gems and Jewelry exhibition on August 23-25 in Islamabad. RCCI President Malik Shahid Saleem said that the exhibition would provide opportunity to the businessmen to showcase the best of Pakistani gemstones, diamonds, jewellery, watches and mineral specimens from across the country. Giving details, the ... Read More »

ADC Asma directs to release goods after payment of fine


FAISALABAD: Collectorate of Customs Adjudication Additional Collector Asma Hameed has issued an Order in Original (ONO) in favor of the Customs Anti-Smuggling Organization (ASO) Jhang on 16-08.2019. According to the details, ASO Jhang has confiscated foreign origin poppy seed 2500 kilograms, foreign origin Kaju 900 kilograms imported from Iran. The ASO team carried out a raid near at Faisalabad road ... Read More »

PSX loses 664.44 points to close at 28,764 points

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

ISLAMABAD: The Pakistan Stock Exchange (PSX) Friday witnessed bearish trend as KSE 100 index lost 664.44 points (2.31 percent) to close at 28,764.63 points. A total of 53,423,210 shares were traded, whereas the value of shares traded during the day stood at Rs3.323 billion. Out of 283 companies, share prices of 73 companies recorded increase while 194 companies registered decrease ... Read More »

Dollar gains 51 paisa in interbank market against Pak rupee

Pak rupee 3

KARACHI: The exchange rate of US dollar increased by 51 paisas in interbank market to close at Rs158.95 on Friday. In the open market, the local currency gained 20 paisa to close at Rs159.40 against the greenback. The rupee had recovered over Rs2.13 within last nine working days. Earlier, the rupee was observed to cumulatively depreciate against the US dollar, ... Read More »

Peshawar I&I to hold auction of 27 impounded vehicles on August 20


PESHAWAR: Customs Directorate of Intelligence and Investigation has announced auction of confiscated vehicles on August 20, 2019. The following vehicles will be presented for auction: Toyota Mark X Motor Car, 2005, Chassis No. GRZ120-0024497 Toyota Corolla Star Car, 1994, Chassis No. CE106-0068675 Toyota Prius Motor Car, 2003, Chassis No. NHW20-002695 Toyota Fielder Motor Car, 2001, Chassis No. ZZE122-0024503 Toyota Hilux ... Read More »

Weekly inflation up 1.23pc


ISLAMABAD: The weekly inflation for the week ended on August 8, for the combined income group, witnessed an increase of 1.23 percent as compared to the previous week. The Sensitive price Indicator (SPI) for the week under review in the combined group was recorded at 270.31 points against 267.02 points registered in the previous week, according to the latest data ... Read More »

FTO directs FBR, FIA to start probe in misuse of gold & jewellery import


ISLAMABAD: Federal Tax Ombudsman (FTO) in a suo moto case directed Federal Board of Revenue (FBR) and Federal Investigation Agency (FIA) to launch inquiry against officials, department and traders involved in misuse of gold import and other precious metals. The FTO asked the FBR and FIA to initiate inquiry against all the officers, departments and importer/exporters involved in misuse of ... Read More »

Karachi Port Trust Shipping Intelligence Report

port and shipping

KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier) OP-I Breezy Victoria D. Mogas Alpine 15/08/19 OP-II Torm Hellerup D. Mogas GAC 14/08/19 ALONG SIDE (East Wharves): 2 Al Safa D. Jet Oil East Wind 15/08/19 10/11 Navios Sagittarius D. Meal Bulk-Sh. 16/08/19 ... Read More »

Phishing scam in guise of FBR runs rampant


ISLAMABAD: The Federal Board of Revenue (FBR) has warned against a phishing scam currently sweeping the nation’s email inboxes, trying to extort money from unassuming persons in the name of the FBR. According to media reports, the scam is being used to steal large amounts of money from the bank accounts of victims that follow the instructions in the emails ... Read More »

Gold scales new peak of Rs88,300

US gold jewelry

KARACHI: Domestic gold price hit a new record peak of Rs88,300 per tola and Rs75,703 per 10 grams, up by Rs950 and Rs815 as compared to rates prevailing on Aug 10. The All Sindh Saraf Jewellers Association (ASSJA) attributed the fresh hike in rates to increase in world gold price by $16 per ounce to $1,514. Gold trading remained suspended ... Read More »

Govt orders all employees to declare assets by Sept 1


ISLAMABAD: The government has directed all federal ministries and institutions and the governments of four provinces, Azad Kashmir and Gilgit-Baltistan to submit by Sept 1 the declarations of assets held and acquired by their employees during the fiscal year ending June 30, 2019. In separate office memorandums, the government has also notified 15 per cent ad hoc relief allowance (ARA) ... Read More »

Accountability Court approves judicial remand of Zardari till August 19


ISLAMABAD: An accountability court on Friday sent PPP co-chairman Asif Ali Zardari to Rawalpindi’s Adiala Jail on judicial remand till August 19 in the fake bank accounts case. Zardari was presented before accountability judge Mohammad Bashir who sent the former president to jail after NAB prosecutor Muzaffar Abbasi argued that there had been a new development in the case and ... Read More »

Govt issues clarification on SROs 927(I)2019 & 928(I)/2019


ISLAMABAD: In response to business community, Ministry of Commerce and Textile Director-General (Trade Policy) Muhammad Ashraf has issued office memorandum about clarification on SROS 927 (I)/2019 and 928/(I)/2019 dated August, 9, 2019.   Read More »

Chaudhry Sugar Mills case: NAB summons Shehbaz on August 23

Shahbaz Sharif

LAHORE: The National Accountability Bureau (NAB) on Friday summoned Leader of the Opposition in National Assembly Shehbaz Sharif on August 23 owing to significant progress in the Chaudhry Sugar Mills and Lahore Waste Management Company (LWMC) scandal. Pakistan Muslim League-Nawaz (PML-N) Vice President Maryam Nawaz has already been arrested in the Chaudhry Sugar Mills reference whereas its shareholder Shehbaz Sharif ... Read More »

US cuts Pakistan’s aid by $440m


ISLAMABAD: The United States has further cut Pakistan’s aid by $440 million, bringing down its commitments under Kerry Lugar Berman Act to just $4.1 billion, which is slightly over half of the total amount that Washington had promised to give nine years ago. The decision to cut Pakistan’s economic assistance, being disbursed under the Kerry Lugar legislation of 2009, was ... Read More »

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


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 »

FBR forms team to eliminate money laundering & terror financing


ISLAMABAD: The Federal Board of Revenue (FBR) has constituted a team including other Law Enforcement Agencies (LEAs) under operation wing of FBR to eliminate cash smuggling and terror financing through all seven border entrances. The office order issued in this regard stated that teams comprising officials from the relevant preventive Collectorates and the regional Directorates of Customs Intelligence and Investigation ... Read More »

Multan Customs recovers silver biscuits from airport


MULTAN: Collectorate of Customs team deputed at Multan International Airport recovered five silver biscuit from the luggage of passenger and after verification cleared the passenger. According to details, Multan Customs authorities intercepted a passenger at Multan International Airport during examination of luggage. A customs team was conducting their routine examination scanning at departure lounge where they found five silver biscuits ... Read More »