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LCCI office bearers awarded with Business Excellence Award

LAHORE: The office bearers of the Lahore Chamber of Commerce and Industry (LCCI) have been awarded with Business Excellence Award.  A large number of businessmen, traders and people of social background were also present on the occasion. LCCI President Abdul Basit, senior vice president Amjad Ali Jawa and vice president Nasir Hameed were awarded for their outstanding service for the ... Read More »

Sino-Pak relations flourish to new highs as CPEC picks up steam

CPEC

BEIJING: China-Pakistan Economic Corridor (CPEC) is the buzz word in Pakistan ever since Chinese President Xi Jinping visited Pakistan and formally announced the $ 56 Billion plus deal in April 2015. The CPEC is an integral part of the Belt and Road initiative, which aims at connecting the natural deep seawater Gawadar port in the south of Pakistan with the ... Read More »

Govt seeks details from customs dept of officials having foreigner wives

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LAHORE: Government sought complete details of all those officials who are performing their duties in BS-19 to BS-22 grade and having foreigner wives. Sources told Customs Today, the government also asked about the complete details of those female employees who are working in custom department and their husbands are already have dual nationality. Sources told that these officials are requested ... Read More »

Torkham ASO seizes nine kilogram hashish valued at Rs0.65m from Afghan national

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TORKHAM: The Anti-Smuggling Organization Torkham on Wednesday confiscated nine kilogram of hashish from the possession of an afghan national coming from Afghanistan to Pakistan. According to details given by sources of Torkham Customs station that the customs staff was on its routine checking when they found a drug paddler coming from Afghanistan carrying luggage in his hands. The customs staff ... Read More »

ANF seizes 17.22 kg drugs, 700 kg prohibited chemical worth Rs36m

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ISLAMABAD: Anti Narcotics Force (ANF) recovered 17.22 kilogrammes of drugs and 700 kilogrammes of prohibited chemical amounting Rs36 million in international market, while arrested 21 drug offenders and seized six vehicles in 18 counter narcotics operations conducted across the country. The arrested offenders also include seven drug suppliers involved in supply of drugs among the students of academic institutions as ... Read More »

Redressal of genuine reservations of traders top priority: Jaffer Iqbal

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LAHORE: Minister of State of State for Ports & Shipping Chaudhry Jaffer Iqbal has that development of business and of redressal of genuine reservations of the business community is of his top priority. He was talking to the LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa and Vice President Muhammad Nasir Hameed Khan at the Lahore Chamber of ... Read More »

MCC Islamabad stands surplus with Rs22.66m of all duties & taxes during 14 days

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ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad collected extra revenue of Rs22.66million of all duties and taxes during the initial 14 days of September Financial Year (FY) 2017-18 against the same period of last September FY 16-17. The Collectorate received Rs356.77million during the 1st to 14th of September FY17-18 under all the tax heads while it earned Rs334.11million against the ... Read More »

Customs court approves 14-day judicial remand of money laundering accused

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LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has approved a 14-day judicial remand of the accused arrested in a currencies smuggling case. An accused Faisal Hussain was apprehended by the Customs Preventive Authorities at the Allama Iqbal International Airport Lahore. The Customs authorities, during a search of his luggage, found a big number of currency notes. Accused ... Read More »

Torkham Customs seizes 750,000 fake Afghani currency & 1m genuine Saudi Riyals

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TORKHAM: The Customs Station Torkham confiscated 750,000 fake Afghani currency and 1million genuine Saudi Riyals. According to details given by Torkham Customs Superintendent Naeem Khan while talking with Customs Today that the Customs staff intercepted an Afghan national named Abdul Sittar S/o Haji Raza and recovered 750,000 Afghani fake currency notes from his luggage. The superintendent said the seized currency ... Read More »

FBR pays Rs 23,625m to exporters as sales tax refund in 2016-17

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ISLAMABAD: The Federal Board of Revenue (FBR) has paid Rs 23,625 million to exporters as sales tax refund in 6,331 cases during the period 2016-17. The FBR has adopted queue based procedure to issue the Release Payment Orders (RPOs). The gross tax collection included all taxes withheld and collected by the FBR or paid voluntarily by the taxpayers. The refund ... Read More »

MCC Peshawar earns Rs20.2546m more AIT during one month

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PESHAWAR: The MCC Peshawar has generated Rs20.2546 million more revenue on A.I.T from July 23, 2017-18 till August 23, 2017-2018 as compared with Rs339.6937million as A.I.T earned from 23rd of July 2016-17 till 23rd of August 2016-17 in the previous financial year. The Model Customs Collectorate Peshawar has received Rs359.9483million as A.I.T Duty and Rs14.9891million of Federal Excise Duty from July 23, ... Read More »

North Region collects Rs33.46m more ST than yesteryear’s during 10 days of August

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ISLAMABAD: The Customs North Region, which comprises four Model Customs Collectorates (MCCs) including MCC Islamabad, MCC Samberial, MCC Peshawar and MCC Gilgit-Baltistan (GB), generated Rs33.46million extra Sales Tax (ST) during 1st to 10th of August Financial Year (FY) 2017-18 against the corresponding period of FY16-17. According to details explained by sources of Customs North Region to Customs Today, the MCC ... Read More »

Maqsood & Brothers charged with contravention issued show cause

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LAHORE:  Collector of Customs Adjudication Ambreen Ahmed Tarar has issued a show cause notice to the owner of non duty paid items. According to details M/s Maqsood Brothers (NTN 1811840) imported 128 consignments of potatoes through their clearing agent M/s Ali Enterprises 102 McLeod Road  during the above mentioned period. The importer had deliberately claimed the undue benefits by using ... Read More »

DG Surriya to revise Valuation Ruling No: 808/2016 in start of September

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KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Rulings No: 808/2016 in the first week of September, it is learnt. Surriya said the department is perusing suggestions tabled by importers to set new prices. She further said some valuations, issued in 2015 and 2016, were well-read from the beginning. Moreover, the valuations ... Read More »

Happy Independence Day

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Pakistan’s Independence Day, which is celebrated annually on August 14, celebrates the country’s independence from the British rule on that date in 1947. This day is an occasion to promote patriotism and national unity. In the Islamic calendar, the Independence Day of Pakistan has been seen to be coincided with the Ramadan 27 which is one of the sacred eves ... Read More »

HCCI for action against unjustified fee hike by private schools

HCCI

HYDERABAD: The Hyderabad Chamber of Commerce and Industry (HCCI) has requested the Sindh Education Department to take notice of the sudden and unjustified fee hikes made by the private schools in whole province. The HCCI’s Vice President Muhammad Ziauddin complained that the private schools continue to burden the parents of children by unjustifiably increasing the school fee in frequent intervals, ... Read More »

All 15 BMGians elected unopposed in KCCI election 2017-18

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KARACHI: All candidates of Businessmen Group (BMG) have been elected unopposed for Managing Committee of Karachi Chamber of Commerce and Industry for the year 2017-18. Total of 31 nominations were received by the Election Commission.  Of these 30 candidates belonged to Businessmen Group. Only a single nomination was submitted by a candidate from other group, who later withdrew through his ... Read More »

Dr Saifuddin Junejo transferred, posted as Collector Quetta

Saifullah Junejo

KARACHI: Within a very short span of eight months, the Federal Board of Revenue (FBR) has finally transferred a senior officer of the Pakistan Custom Service (BS-20), Dr Saifuddin Junejo, from the post of Collector Preventive and posted him as Collector Quetta. Dr Junejo, assumed charge of the post of Collector, Customs Collectorate (Preventive), Karachi in October 2016 replacing S ... Read More »

New Collector Customs Preventive, PCA director appointed

Collector Sarfraz

LAHORE:  Chief Collector Customs Central Region notified the postings of new Collector of Customs Preventive, and Director Post Clearance Audit Lahore. According to details, Sarfraz Ahmed Warriach, (BS-20) officer of Pakistan Customs will assume the charge as Director Post Clearance Audit (PCA) Lahore after completion of his training at National Management Course. Faiz Ahmed (BS-1) officer of Pakistan Customs has ... Read More »

Gul Rehman adds evaded billions of rupees to national kitty’s, made Collector Peshawar

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KARACHI: Gul Rehman, an officer of Pakistan Custom Service BS-19, who served the Directorate of Post Clearance Audit Karachi as its director for more than two and a half years, has added billion to rupees evaded duty and taxes during his tenure. It is mentioned here that Federal Board of Revenue had posted Gul Rehman as Director PCA-Karachi in January ... Read More »