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Tag Archives: Islamabad Region

Senate body calls for promoting religious tourism in Pakistan

senate

ISLAMABAD: The Senate Standing Committee on Commerce has recommended to the government that local business community must not be harassed through law which unnecessarily increases cost of doing business and makes the country’s investment climate uncompetitive. “Companies having paid-up capital of around Rs 5,000,000 should be bound to retain a legal adviser,” stressed the draft recommendations prepared by the Senate ... Read More »

ANF captures 186 heroin filled capsules

heroin-capsules

ISLAMABAD: The Anti-Narcotics Force (ANF) has recovered 186 heroin filled capsules from a person here at Benazir International Airport. According to details, ANF Rawalpindi arrested Sajjad Hussain, resident of Sargodha at airport and recovered 186 heroin filled capsules, weighing 1.3 kgs, tactfully concealed in a box containing sweets. He was scheduled to take off for Dubai through Shaheen Airline Flight ... Read More »

FBR body puts off 85 babus’ promotion for third time

promotion

ISLAMABAD: The Federal Board of Revenue (FBR) promotion committee put off the promotion cases of 85 officers for the third time in this week due to the prevailing uncertainty and political impasse in the wake of sit-ins in front of the Parliament House. The officers, whose promotions have been consistently delayed, belong to the Inland-Revenue and Customs wings of the ... Read More »

ANF seizes 3,556-kg drugs, arrests five smugglers

Nacotics

ISLAMABAD: The Anti-Narcotics Force (ANF) claimed to have arrested five drug peddlers with huge quantity of drugs, including 3,534 kgs of hashish, 19 kgs of heroin and 2.4 kgs of opium in different cities. The raids were carried out in Islamabad, Lahore, Haripur, Sukkur, Qilla Abdullah and Turbat. According to details, in Quetta while acting on a tip-off, the conducted ... Read More »

Pak, China striving to lift trade ties under FTA

Sino-Pak

ISLAMABAD: With the aim to enhance volume of bilateral trade, Pakistan and China are committed to resolve the issues of electronic data interchange, sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). According to the Ministry of Commerce (MoC), trade volume between Pakistan and China which was around $4.1 billion in t 2006-07 has reached all-time high in ... Read More »

PITAD plans holding 15 seminars for businessmen

seminar_cartoon

ISLAMABAD: The Pakistan Institute of Trade and Development (PITAD) in collaboration with chambers and other trade associations has planned about 15 seminars on “Trade & Economic Issues” for business community in 2015-16. The PITAD would also undertake a number of short and long training courses on “International Trade & Economy” and would establish “National & International” linkages to undertake quality ... Read More »

ANF captures narcotics worth Rs916m, nails six

ANF

ISLAMABAD: The Anti-Narcotics Force (ANF) recovered 376.4 kgs of Hashish, 74 kgs of Heroin and 24 kgs of Opium in various raids carried out in Sheikhupura, Peshawar, Gilgit, Karachi and Hub. The force also nabbed six peddlers and seized two vehicles. According to details, the ANF Lahore intercepted a Toyota Corolla XLI (without number) near Sheikhupura Motorway Interchange and recovered ... Read More »

Tuesday Sept 2 – Monday Sept 08, 2014

Customs Today News Paper

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Traders vehemently condemn vandalism by PAT, PTI activists

FPCCI1

ISLAMABAD: All the chambers of commerce and industries across the country including the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) vehemently condemned vandalism by the activists of Pakistan Awami Tehrik and Pakistan Tehrik-i-Insaf and termed it a conspiracy against the country. Acting FPCCI President Shaukat Ahmad said that “Acts of vandalism, destroying or damaging public property deliberately, especially ... Read More »

ANF seizes narcotics worth Rs 244m, arrests 15 smugglers

Drugs

ISLAMABAD: The Anti-Narcotic Force (ANF) claims to have recovered 578 kilogramme charas, 13.45 kilogramme heroin, six kilogramme opium and 500 gramme amphetamine during 12 raids carried out in Islamabad, Attock, Faisalabad, Peshawar, Gilgit, Quetta and Karachi. The force also arrested 15 peddlers, including a woman and seized three vehicles. According to details, the Peshawar ANF intercepted a tractor-trolley near Kachagarhi ... Read More »

FBR extends date for filing income tax returns

Tax return

ISLAMABAD: The federal government extended the date for filing income tax returns following the failure to address technical glitches in the online portal, depriving the taxpayers of incentives linked with timely filing of returns including reduction in tax rates. According to the Federal Board of Revenue (FBR) notification, the last date for filing income tax returns for fiscal year 2013-14 ... Read More »

Sit-ins put billions of dollars foreign investment at stake

Senate

ISLAMABAD: The government fears that billions of dollars foreign investment will go down the drain due if sits-ins by the Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek continue in the federal capital. “The ongoing PTI and PAT sit-ins have been hitting the national economy hard as foreign investors are reluctant to invest in the country owing to the prevailing political impasse ... Read More »

SRO issued for new duty drawback rates on textile exports

textile-industry

ISLAMABAD: The Federal Board of Revenue (FBR) has issued SRO 754 of 2014, notifying new rates of duty drawback on export of textile and allied products. The new rates are effective from August 21. The FBR has issued another notification to allow new rates of duty drawback to exporters retrospectively from January 1 as well. It is to be noted ... Read More »

Pakistani mangoes now in Japan

mango_export

ISLAMABAD: Pakistani mangoes have finally made it to Japanese market as the king of fruits is now being sold for the first time by the largest high-street retailer in Japan, AEON Corporation. The soft launch of Pakistani mangoes was held at new AEON Makuhari Mall – one of the largest in Tokyo which was inaugurated by Pakistani Ambassador in Japan ... Read More »

FBR to publish biweekly list of active taxpayers

FBR

ISLAMABAD: The Federal Board of Revenue (FBR) will publish a list of active taxpayers on a fortnightly basis to promote the culture of documentation. In the budget 2014-15, the government had introduced higher tax rates for non-filers and the FBR published a directory in April this year to reveal the names of tax defaulters. The board will publish the list ... Read More »

MFN status: Ministry, NTC yet to make recommendations

Indian-Pakistan-Flag

ISLAMABAD: The issue pertaining to recommendations on tariff barriers with India seems to have been in the doldrums because the National Tariff Commission (NTC) and Ministry of Commerce (MoC) declined having any information in this regard. The Customs Today had explored last week that the Ministry of Commerce had sought suggestions from the National Tariff Commission (NTC) to safeguard measures, ... Read More »

Sit-ins induced spiraling losses draw concerns

losses

PESHAWAR: The trading community from across the province has expressed concern over the ongoing sit-ins by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Islamabad, regretting that the prevailing political impasse has been affecting businesses and national economy adversely. Representative bodies of traders and businessmen from different cities including Peshawar, lamented that the marches had hindered economic progress ... Read More »

FBR collects Rs 134b amid Imran, Qadri’s sit-ins

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs 134 billion revenue until August 26 against Rs 110 billion collected during the corresponding period of the last year, depicting a 20 percent increase in the tax collection, said Shahid Hussain Asad, the member of the Inland-Revenue and spokesman for the Federal Board of Revenue (FBR). “The sit-ins by the Pakistan ... Read More »

Large-scale manufacturing recorded 3.9pc growth in FY14

growth

ISLAMABAD: The output by the large-scale manufacturing (LSM) witnessed a positive growth as it grew by 3.95 percent in the outgoing fiscal year 2013-14 against the last year, suggested the data of Pakistan Bureau of Statistics issued here. The growth in manufacturing sector was mainly driven by an increase in 11 categories of items during the year under review over ... Read More »

Tuesday August 26 Monday September 01, 2014

tuesday-august-26-monday-september-01-2014

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