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‘NAB wanted’ Zulfi Bukhari appointed as special assistant to PM on overseas Pakistanis

Zulfi Bukhari

ISLAMABAD: Prime Minister Imran Khan has appointed his close aide Zulfiqar Hussain Bukhari, aka Zulfi Bukhari, as his special assistant on overseas Pakistanis and human resource development, the Pakistan Tehreek-i-Insaf (PTI) announced. He will have the status of a minister of state in his role as special assistant. “The Prime Minister has been pleased to appoint, with effect from [Sept ... Read More »

PM appreciates private sector, pledges all our support

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Lahore, September 17 – Executive Committee of the Lahore Chamber of Commerce & Industry, headed by the LCCI President Malik Tahir Javaid, had meeting with Prime Minister Imran Khan and donated Rs.10 million to the PM Dam Fund.  The LCCI President Malik Tahir Javaid, along with Senior Vice President Khawaja Khawar Rasheed, Vice President Zeshan Khalil and Executive Committee Members, presented ... Read More »

Mini-Budget 2018-19: Govt to increase customs duty on 5000 items, RD on 900 items

Customs-duty1

ISLAMABAD: The Govt has decided to increase customs duty on more than 5,000 items and regulatory duty on import of more than 900 items. According to details, the federal cabinet approved proposed amendments in the budget today in which it decided to raise the tax rate in the highest income tax slab from 15pc to 29pc. The ‘mini-budget’ will also ... Read More »

SHC directs Customs to release 6,690 bicycles on differential amounts

Faisalabad Customs Intelligence collects evaded tax, release consignments

KARACHI: The Sindh High Court (SHC) directed Customs officials to consider the request of petitioner to release its 6,690 pieces of bicycles on differential amounts on a petition filed by M/s Lucky Traders seeking release order of its consignments of bicycles. On September 14, 2018, a two-member bench, headed by Justice Aqeel Ahmed Abbasi, heard the matter. During the hearing, ... Read More »

FBR audit staff shortage causing losses thru Green Channel misuse, electronic clearance

Green channel

ISLAMABAD: The Federal Board of Revenue (FBR) is facing heavy losses due to staff shortage and unqualified workforce with audit functioning of the board negatively affected. According to a local media outlet report, misuse of Green Channel and electronic clearance of import products is the primary reason behind the problem. Among the consequences of poor audit functioning is that import ... Read More »

Govt to expand tax net by reducing taxes: FBR Chairman Jehanzeb Khan

FBR chairman Jahanzeb

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Mohammad Jehanzeb Khan has said that government wants to bring more people under the tax net following reduction in taxes. Action was being taken against those involved in the illegal sale of cigarettes, he said, adding that they were ready to review the taxes on the cigarette industry. According to official sources, federal ... Read More »

Shipping Alert! Evidence surfaces on ban of cargo delivery at Pakistan ports of shipping lines

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Evidence surfaces on Licenses of KMTC, United Marine, Evergreen, Greenpak to be cancelled KARACHI: Evidence has surfaced on ban of cargo delivery at Pakistani ports of specific shipping lines as Customs Preventive has started procedure to cancel their licenses under Section 14A of the Customs Act 1969 and under rules 603 (Q), 603 (R), 604 (Q) and 607 (E), others ... Read More »

Shipping Alert! Cargo delivery at Pakistan ports to be banned of specific shipping lines

port and shipping

Licenses of KMTC, United Marine, Evergreen, Greenpak to be cancelled KARACHI: Shipping lines and their agents allegedly involved in Rs 610 billion scandal would not be able to call their vessels on Karachi ports when their licenses are cancelled as several importers have applied for lodging FIRs against them and also taking penal action for violating SRO 1220 (I) 2015 ... Read More »

Shipping Cos should be brought to justice for looting importers from Karachi to Khyber: Noor Alam

noor alam khan

PESHAWAR: The importers have appealed to the newly-appointed FBR chairman, Jahanzeb Khan, to take strict action against those shipping lines, their agents and terminal operator which caused loss of billions to Pakistani importers. These views were expressed by senior Advocate of Peshawar High Court (PHC) Noor Alam Khan while talking to Customs Today. Advocate Noor Alam Khan said that the shipping companies ... Read More »

Licenses of KMTC, United Marine Agencies to be cancelled in Rs. 610 billion scandal

sohail shams

KARACHI: Corrupt shipping line KMTC and its agents in Pakistan, United Marine Agencies (Pvt) Ltd, are harassing and disturbing genuine importers through illegal holding & blocking of their imported goods for the sake of demanding additional demurrage and detention charges in violation of relevant customs laws. Sources said such corrupt shipping companies are allegedly involved in Rs 610 billion mega ... Read More »

Rs 15b demurrage & detention scam: Law breakers should be brought to justice, says Khawaja Usman

Khawaja Muhammad Usman

MULTAN: Former President of President Multan Chamber of Commerce and Industry Khawaja Muhammad Usman said that the shipping companies including Evergreen Line, Green Pak Shipping, United Marine Agencies, KMTC and terminal operator PICT are big hurdles for progress of national economy. He said Pakistan is already carrying countless problems and issues due to weak administration and disclosure of recent scam ... Read More »

Govt urged to increase clearance days to resolve demurrage & detention issue: LCCI VP Zeeshan Khalil

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LAHORE: The government should increase the clearance days from four to eight or ten days to overcome the issues of demurrage and unlawful hidden charges by the shipping lines, terminal operators and agents mafia. These views were expressed by Lahore Chamber of Commerce and Industry (LCCI) Vice President Zeshan Khalil while talking to Customs Today at his office in Lahore. ... Read More »

Qamar Uz Zaman hopes PTI Govt will end corruption from shipping lines, PICT & Customs Dept

Qamar uz Zaman

LAHORE: Laws exist and the newly-elected government must only implement those laws in its letter and spirit across the country. All officers and officials of Customs department should follow the relevant laws at each and every point. This was stated by former president of Lahore Tax Bar Association (LTBA) Qamar Uz Zaman while talking to Customs Today exclusively. He said ... Read More »

FBR to launch OECD software program from September 1

FBR to launch ‘grievance redressal software’ by the end of FY2016-17

ISLAMABAD: Federal Board of Revenue (FBR) has prepared and installed new computer software to ensure the automatic exchange of information about tax evaders with the Organization for Economic Cooperation and Development (OECD). The software will be operational from September 2018. Sources told Customs Today that the automatic exchange of information will become operational from September 2018 and it can become ... Read More »

South Punjab importers express deep concern over blackmailing by shipping lines, PICT: President Multan Chamber

President MCCI

MULTAN: Business community of South Punjab expressed deep concern over blackmailing by shipping lines, their agents and terminal operator including Evergreen Line, GreenPak Shipping, United Marine Agencies, KMTC and PICT in connivance with customs staff. They are destroying business environment for genuine importers in the country by charging unfair demurrage and detention charges on import shipments. Newly-elected Govt must take ... Read More »

RTO distributes sale tax refund of Rs900m among claimants in July: Chief Commissioner IR Abid Raza Bodla

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MULTAN: Chief Commissioner Inland Revenue Regional Tax Office (RTO) Abid Raza Bodla assured that grievances of all members of APBUMA would be redressed on top priority basis and due representation would be given to its representatives in Advisory Council  and Alternate Dispute Resolution Committee . Delivering his speech at a reception hosted by Syed Muhammad Aasim Shah Chairman of All ... Read More »

Fraudsters of KMTC, Evergreen, GreenPak, United Marine, PICT must be dealt with iron hands: President WCCI

Fauzia Inayat (1)

  PESHAWAR: President Khyber Pakhtunkhwa Women Chamber of Commerce and Industry Fauzia Inayat said that the shipping companies and terminal operators should be treated with iron hands in order to stop billions of rupees losses to importers. The President WCCI said this while talking with Customs Today in Peshawar. Fauzia Inayat said that the loss of importers money at hands ... Read More »

Strict actions must be taken against shipping lines, agents: PAJCCI President Sarhadi

Haleem-Siddiqui

PESHAWAR: President of Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI) Zia ul Haq Sarhadi has received several complaints regarding cases of corruption by shipping companies, their agents, and terminal operator, causing loss of billions of rupees to importers and the national exchequer. Sarhadi while talking to Customs Today in Peshawar said that in many ways, the shipping industry is ... Read More »

Rs15b detention scam: PICT threatens importer to cause financial/physical damage

sohail shams

KARACHI: An importer has snubbed shipping lines, their agents and terminal operator including Evergreen Line, Greenpak Shipping, United Marine Agencies, KMTC and PICT who instead of resolving the issue of additional demmurage and detention, kept on blackmailing importers through legal notices and publishing news on an unregistered website. In his letter written to PICT, the importer exposed the malafide of ... Read More »

President SCCI Shinwari bashes Evergreen Line, Greenpak, United Marine Agencies, KMTC, PICT for looting importers

Zahidullah Shinwari

PESHAWAR: The shocking revelation of corruption by shipping companies, terminal operators and customs officials at Karachi ports has discouraged genuine importers. The Customs high-ups must take strict action against the gambling of Customs staff by blocking way of imported consignments and demanding extra charges other than mentioned the Customs Act of 1969 and SRO 1220. This was stated by Zahid ... Read More »