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IGMs of Appraisement decrease by 54pc this year

IGMs of Appraisement decrease by 54pc this year

KARACHI: The Import General Manifests (IGMs) of Appraisement have been decreased by 54 percent as compared to the last fiscal year.

The sources told Customs Today that Pakistan Customs has to achieve 35 percent more revenue in the current fiscal year, as compared to the previous fiscal year while the imports are being affected due to the economic slowdown.

Talking to Customs Today, Collector MCC-Appraisement (West) Muhammad Saleem has confirmed the decrease in the imports during last five months. However, he said that the imports of the country are increased in the month of December.

Replying to a question, the Collector MCC-Appraisement said that the imports of the country are being affected by the prevailing economic crisis.

He hoped that the recently announced economic package of Prime Minister Muhammad Nawaz Sharif will definitely boost up the economy.

To a query, the Collector hoped that the revenue target for the second quarter of the fiscal year would be achieved, as the Customs officials are making their full efforts in this regard and examination at the terminals are continued on Saturdays and Sundays.

Collector MCC Appraisement (West) informed that the Collectorate has collected Rs18 million by auctions, adding that the Collectorate will generate a revenue of Rs40 million by the end of December 2013.