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Customs I&I foils bid to smuggle narcotics worth Rs15m

narcotics

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) team foiled an attempt to smuggle narcotics. Sources told Customs Today that on 16.01.2019, in pursuance of a secret information Customs I&I team intercepted a car bearing registration number MNA-07-5391 on motorway and recovered 8.5 kilograms prime chars and 1.3 kilogram opium. The accused person who was later identified as Abdul Sattar ... Read More »

Stocks add 202 points after hydrocarbon discovery

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KARACHI: Bulls dominated the stock market on Tuesday pushing the KSE-100 index up by 201.63 points (0.5 per cent). The intraday movement was relatively restricted as investors await economic clarity on budgetary front. The index closed at 39,615 after hitting an intraday high of 299 points. Positive investor sentiment was driven by anticipation of hydrocarbon discovery in the Indus offshore ... Read More »

SHC rejects urgent application filed by M/s Noor Enterprises against SRO 1265(1)2018

SHC

KARACHI: The Sindh High Court (SHC) dismissed urgent application for urgent hearing filed by Noor Enterprises against imposition/ enhancement of regulatory duty under Section 1265(1)2018 on soother with chain, bottle brush, glass bottle, soother chain, bottle nipple, teething ring and baby goods etc. On January 11, 2019, a-two member bench was hearing the matter, during the hearing, Advocate Sohail Hameed ... Read More »

Govt approves amendments in Import Policy Order 2016

ISLAMABAD: Federal government has approved amendments in sub-section (I) of section 3 of the Import and Export (Control), Act, 1950 (XXXIX of 1950).     Read More »

9 Customs officials of Grade 20-21 including Abdul Rasheed Sheikh, Surriya Butt transferred, more expected in coming days

Surraiya Butt

ISLAMABAD: FBR has transferred and posted four 21-Grade officials and five Grade-20 officials of Pakistan Customs Service with immediate affect. Few more high-level transfers and postings are expected in coming days. Following officials are transferred: Read More »

FIA Cybercrime Deputy Director Ch Sarfraz arrests child pornographer in successful raid

cybercrime

LAHORE: Federal Investigation Agency (FIA) Cybercrime Wing Lahore Deputy Director Chaudhry Sarfraz conducted a successful raid and arrested the accused involved in a heinous crime of child pornography. According to details, information was received through a reliable source that a person namely Imdad Ali is involved in henious crime of child pornography by making pictures and videos of (minor girls) aging between ... Read More »

FBR decides to start inquiry against 460 millionaire citizens

Investigations Photo

KARACHI: Federal Board of Revenue (FBR) has decided to start a crackdown against millionaire citizens to enhance the tax net. The source has informed Customs Today that in an initial start, a total number of four hundred and sixty names of millionaire citizens have been finalized and the notices are being issue to them to inquire against their properties as ... Read More »

Senator Shabli Faraz seeks report from FBR regarding under-invoicing

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ISLAMABAD: Chairman Senate Standing Committee on Commerce and Textile Senator Shabli Faraz has asked Federal Board of Revenue (FBR) Member Customs Jawwad Awais Agha to submit comprehensive report regarding measures taken to curb under invoicing within next 10 days. Sources told Customs Today that according to a report around $10 to $12 billion under-invoicing per year have been reported via ... Read More »

Customs Port Qasim foils bid to smuggle betel nuts

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KARACHI: Collectorate of Customs team apprehended huge quantity of smuggled betel nuts after a successful raid at Port Muhammad Bin Qasim (PQA) worth Rs14.5 million According to the details,  during examination of suspected unclaimed containers at Port Qasim, betel nuts have been recovered from a container bearing registration no: APHU-7116257 and customs team carried out its complete search. During the ... Read More »

FBR directs field formations to take stern action against 167 tax evaders

taxevasion

ISLAMABAD:  Federal Board of Revenue (FBR) has dig out 167 tax evaders and directed the concerned field formations to take action against them, it is learnt here. Official sources told Customs Today that the board has tighten noose against the tax evaders and dig out more than 167 tax evaders which belonged to Islamabad, Faisalabad, Gujranwala, Abbottabad, Karachi and Lahore. ... Read More »

FBR announces zero rate sales tax on electricity supply to three textile units

iran-electricity-grid

ISLAMABAD: Federal Board of Revenue (FBR) announced zero rate sales tax on electricity supply to three textile units, sources told Customs Today. Official sources said that the board has issued different Sales Tax General Orders (STGOs) which allowed sales tax zero rate on supply of electricity to textile units including M/s Farhan Weaving Factory under jurisdiction of Regional Tax Office ... Read More »

FBR orders special audit of all local bodies & registration branches of Gujranwala division

audit

  SIALKOT: Federal Board of Revenue (FBR) has ordered special audit of all the local bodies and registration branches in Gujranwala Division, following the growing complaints of financial irregularities and funds embezzlement. According to the senior FBR officials , there were three municipal corporations in Sialkot, Gujrat and Gujranwala cities, six District Councils in all the six Sialkot, Narowal, Gujrat, ... Read More »

M/s Shahi Enterprises approaches SHC seeking restraining order in NTN blocking case

SHC

KARACHI: M/s Shahi Enterprises Private Limited approached the Sindh High Court (SHC) seeking a restraining order for not blocking petitioner’s NTN and in case of blocking, unblocking the same forthwith. On December 17, 2018, counsel for the petitioner stated in his petition that petitioner is a manufacturer of food products with the brand name of Shahi. The petitioner for the ... Read More »

NAB approves 16 inquiries, two corruption references

nab

ISLAMABAD: The Executive Board of the National Accountability Bureau (NAB) approved the holding of fresh inquiries against top provincial leaders of the PPP ex-provincial ministers Nisar Ahmed Khoro, Sharjeel Memon and Abdul Karim Soomro in accumulating assets beyond known source of income case. Filing of reference against Khawaja Saddique Akbar, brother of PML-N leader Khawaja Asif, was also approved. The ... Read More »

Shibli Faraz to chair Senate Standing Committee on Commerce & Textile meeting today

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MULTAN: Senate Standing Committee on Commerce and Textile Industry meeting will be held today the issue of under invoicing regarding information technology products. The agenda of the Standing Committee on Commerce and Textile Industry meeting will also discuss the recent Free Trade Agreement (FTA) negotiations for bilateral trade during the recent visit of China trip. Committee will also discuss Status ... Read More »

Faisalabad Appraisement collects Rs1037.918m in November

Faisalabad Appraisement collects Rs1037 918m in November copy

FAISALABAD: Collectorate of Customs Appraisement collected Rs1037.918 million during the month of November 2018 against the set target of Rs 1774.04 million, surpassing the target by 59 percent. Customs Appraisement collected revenue under the heads of customs duty (CD), sales tax (ST), income tax (IT) and federal excise duty (FED) during the said period. According to the statistics available with ... Read More »

Govt to impose sin tax on regular smokers

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ISLAMABAD: The Pakistan Tehreek-e-Insaf (PTI) government has announced to impose sin tax on smokers. According to details, the sin tax will be imposed on smokers who are the frequent buyers of cigarettes while the amount collected from sin tax will be spent on health sector. Moreover, the prices of cigarettes are expected to rise in view of the government’s decision. ... Read More »

Customs ASO seizes huge quantity of non-duty paid goods during 1H

ASO seizes huge quantity of goods in second week of November copy

LAHORE: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) registered many cases of betel nuts, mobile phones, cigarettes, tyres and vehicles during the period of first July 2018 to 24th December 2018. According to the details, during different raids, customs team seized 45257 kilograms of betel nuts, 22011 kilograms of foreign origin cloths, 2800 tyres, 19355 mobile phones, 3746 digital receivers, ... Read More »

Mitsui O.S.K Lines moves SHC for removal of all containers from KICT, SAPT & SBS

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KARACHI: Mitsui O.S.K Lines Pakistan Pvt Ltd approached the Sindh High Court (SHC) for removal of all containers from respective container terminals namely Karachi International Containers Terminal (KICT), South Asia Pacific Terminal (SAPT) and Sea Board Service (SBS) to customs yard warehouse and thereafter dyestuff the containers and then auction or destroy the goods. On December 13, 2018, counsel for ... Read More »

SC summons Aleema Khanum’s tax details

Chief Justice Saqib Nisar

ISLAMABAD: The Supreme Court on Friday asked the Federal Board of Revenue (FBR) to provide the court with tax details of Aleema Khanum, Prime Minister Imran Khan’s sister. The court has taken up a case against 44 politically exposed individuals or their benamidars who possessed properties in the United Arab Emirates. Khanum is identified as benamidar of a property. A ... Read More »