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Tag Archives: Islamabad Region

Tuesday July 15 -Monday July 21, 2014

Customs Today News Paper

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Recovery of $200b: FBR experts to visit Switzerland next month


ISLAMABAD: A team comprising FBR experts will visit Switzerland next month to plead with Swiss authorities the return of untaxed billions of dollars of Pakistanis stashed away illegally. According to Finance Minister Ishaq Dar, the FBR team would visit Switzerland in the third week of August. Dar said that he had already got approval from the cabinet to formally initiate ... Read More »

Rs770m tax evasion: Qadri’s plea for time extension turned down

Tahirul Qadri

ISLAMABAD: The Federal Board of Revenue (FBR) has rejected Pakistan Awami Tehrik (PAT) Chairman Dr Tahirul Qadri’s request for a one month extension to respond to the board’s notices and submit wealth statements. The FBR has informed Mr Qadri that he must respond within seven days otherwise he would have face penalty proceedings under section 182 of the Income Tax ... Read More »

SROs to implement textile package soon: Afridi


ISLAMABAD: Federal Minister for Textile Industry Abbas Khan Afridi declared that textile package announced in the budget will be implemented through Statutory Regulatory Orders (SROs). Talking to the members a delegation led by All Pakistan Textile Mills Association (Aptma) Punjab Chairman SM Tanveer, the minister informed that the SROs had been sent to the Law Division for vetting and expressed ... Read More »

Remittances inflow registers 11.5pc growth


ISLAMABAD: The inflow of remittances from Pakistanis working in foreign countries has registered a commendable growth during July-May, 2013-14, showing a 11.5 percent increase against 6.4 percent growth recorded in the corresponding period of last year. This was stated by Overseas Pakistani Foundation (OPF) Managing Director Iftikhar Babar during an interview with the APP. Iftikhar Babar said that precious foreign ... Read More »

ANF captures drugs worth Rs4.2b in different raids


ISLAMABAD: On special directives of ANF DG Major-Gen Khawer Hanif, the ANF has stepped up efforts along western border and captured 4.2 tonnes of narcotics worth amounting to be Rs4.2 billion in international market. It is to be noted that within a week, the ANF has recovered approximately 11 tonnes of narcotics alone from Balochistan province. According to details, the ... Read More »

ANF captures 35kg drugs in 4 raids; 6 accused nabbed


ISLAMABAD: The Anti-Narcotics Force (ANF) conducted four raids in Lahore and Peshawar and arrested six persons including two women drug smugglers. The operations resulted in recovery of 29 kg Charas and six kg Opium. Moreover, Control Narcotic Substances (CNS) courts awarded life imprisonment and imposed forfeiture of Rs7.3 million in two separate cases. According to details, the ANF Lahore arrested ... Read More »

Dar rejects MPCL price restructuring plan

Dar Gujranwala

ISLAMABAD: Finance Minister Ishaq Dar declined a gas price restructuring plan for Mari Petroleum Company Limited (MPCL) which could not be implemented through an agreement between two majority shareholders. After a detailed briefing by retired Lt-Gen Nadeem Ahmad, Managing Director of MPCL, the minister did not agree with the proposal and desired the company and the Petroleum Ministry to present ... Read More »

Dar, Misbah meeting ends cricketers’ tax issue


ISLAMABAD: After finding themselves in hot waters for their tax filings, the members of Pakistan cricket team have requested the finance minister to direct the Federal Board of Revenue (FBR) to collect outstanding taxes of cricketers at a flat rate of 10 per cent. National team captain Misbahul Haq along with Test cricketer Azhar Ali met with Finance Minister Ishaq ... Read More »

FC expresses inability to curb oil smuggling from Iran


ISLAMABAD: Citing limited resources, the Frontier Corps has declined to help the government in curbing oil smuggling from Iran into Balochistan, a Senate panel was informed. “The FC has its hands full trying to maintain security in the province and on the border. It is under-resourced. It cannot take on additional responsibilities under the circumstances prevailed over Balochistan,” Lt-Col Naeem ... Read More »

Kitty caused Rs3b loss: Customs seizes electronic appliances worth billions


ISLAMABAD: The anti-smuggling unit of Rawalpindi Directorate General of Customs Intelligence and Investigation (I & I) raided a warehouse in Fazayia Colony near Islamabad Airport and seized non-custom paid electronic items including air-conditions, refrigerators, washing machines, microwave ovens and LCD televisions worth billion rupees. The consignment was imported under cloak of Afghan transit trade and later smuggled into Pakistan illegally. ... Read More »

Dar sanguine about OGDCL disinvestment by Sept


ISLAMABAD: Minister of State for Privatisation Mohammad Zubair informed the Cabinet Committee on Privatisation (CCoP) that work on OGDCL transaction was being carried out on fast-track which is likely to be completed by September. The cabinet body at its meeting, chaired by Finance Minister Ishaq Dar, took stock of the progress made by the Privatisation Com­mission in the disinvestment of ... Read More »

DG I&I seizes contraband goods worth millions in June


ISLAMABAD: The Directorate General of Investigation and Intelligence recovered illegal items including non-custom paid (NCP) vehicles, heavy bikes, generators, solar fans, foreign cloth, ball bearing, eye glasses, chemicals, Indian dry milk and others, having customs duty value of Rs36 million and CIF value of Rs82 million during June. According to Directorate General I&I Rawalpindi performance and evaluation report for June ... Read More »

ANF recovers 25kg heroin; six accused nailed


ISLAMABAD: The Anti-Narcotics Force (ANF) in various raids carried out in different area recovered more than 25 kgs of heroine and 4.2 kgs of Charas in Kohat, Attock and Peshawar. According to details, the ANF intercepted a Toyota Fielder (AVY-580) in Kohat and recovered 25 kgs heroin concealed in its secret cavities. The ANF also apprehended Abdul Raheem and Meer ... Read More »

Allegations against Customs & IR officers: FBR begins proceedings against 210 babus


ISLAMABAD: The Federal Board of Revenue has initiated disciplinary proceedings against more 200 officers belong to both the Customs and Inland Revenue groups on charges of flouting rules and regulations and corruption allegations. The step is part of the well thought out plan to transform the FBR into an ideal and vibrant institution, said FBR Member (Admin) Shahid Hussain Jatoi. ... Read More »

ECC lifts ban from CNG kit imports

Dar ECC meeting

ISLAMABAD: Even as gas supply to CNG stations is down to just 18 hours a week, the Economic Coordination Committee (ECC) lifted a ban on the import of CNG kits and cylinders for factory-fitted vehicles, but deferred a decision on gas tariff, ostensibly to avoid taking an unpopular decision in Ramazan. Chaired by Finance Minister Ishaq Dar, the ECC also ... Read More »

MFN/NDMA still to take time: Dastgir claims India willing to resume trade talks

Khurram Dastgir

ISLAMABAD: The new Indian government through backdoor channel has expressed positive response for initiating composite dialogue with Pakistan that would ultimately lead to the resumption of trade talks between Islamabad and New Delhi. “Currently, the trade talks between India and Pakistan had halted, which will begin once both countries start composite dialogue”, said the Federal Minister for Commerce Engr Khurram ... Read More »

HC Barton assures UK stands by Pakistan in anti-terror fight

philip barton

ISLAMABAD: British High Commissioner to Pakistan Philip Barton said that the United Kingdom will continue to support IDPs (Internally Displace Persons) through World Food Programme and other UN agencies. He said this while talking to Federal Minister for Finance Senator Ishaq Dar. The UK High Commissioner discussed matters of mutual interest with the Finance Minister. He apprised the Finance Minister ... Read More »

Dar concedes cartels operating in several sectors


ISLAMABAD: Finance Minister Ishaq Dar informed the National Assembly that many industries and sectors in the country have formed cartels with the view to obtain undue economic advantage “at the cost of their consumers.” Ishaq Dar was responding to a question put up by PTI’s Dr Shireen Mazari on the floor of the National Assembly. Dr Mazari asked if it ... Read More »

GSP+ boost exports to EU by $700m: Dastgir

Khurram Dastgir

ISLAMABAD: Exports to European markets during the first 11 months (July-May) of the outgoing fiscal year grew by an additional $700 million because of GSP+ status, said Commerce Minister Khurram Dastgir. “The major share in this growth was grabbed by the textile and clothing sector,” he said while talking to media persons here. Asked why the growth in exports to ... Read More »