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Tag Archives: Lahore Region

Imran’s public meeting hampers businesses

PTI meeting

LAHORE: The Pakistan Tehreek-e-Insaf (PTI) show of power at Minar-e-Pakistan ground all sorts of business activities to a halt as the entire city wore a desert look while transport remained thin on the roads. Though it was Sunday, the public meeting affected the business activities adversely while people faced great difficulty in carrying out routine activities of life. The PTI ... Read More »

Customs captures contraband worth Rs205m

contrabands

MULTAN: Customs Intelligence and Investigation (I&I) Multan Range Additional Director Nisar Ahmad claimed that the Customs had captured smuggled goods worth more than Rs 205.4 million over the past seven months. Addressing a press conference here, he declared that the Customs was fighting against an enemy (smugglers) having modern gadgets, weaponry and ample manpower, adding that various state-run agencies were ... Read More »

China to invest $50 billion, will apply Shanghai-model in Gwadar

shah faisal Afridi

LAHORE: China is planning replicating the model of Shanghai Free Trade Zone (SFTZ) in Gwadar to interlink the entire region, including Pakistan, Iran, China and Central Asian States. Highlighting various projects, Pak-China Joint Chamber of Commerce and Industry President Shah Faisal Afridi has said that China will invest $50 billion till 2017 in a number of projects including coal, solar ... Read More »

MDP Customs duty collection up by Rs704m in August

Customs duty up

MULTAN: The Multan Dry Port (MDP) generated Rs873.300 million in the head of Customs duty during the month of August of current fiscal year 2014-15. The revenue collected in the month of August increased Rs704 million against Rs169 million collected in the month of July of the current fiscal year. Similarly, the monthly collection of Sales Tax on import in ... Read More »

Tuesday Sept 2 – Monday Sept 08, 2014

Customs Today News Paper

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Multan Customs seizes plastic grains, cloth worth Rs 15m

plastic-dana

MULTAN: The Multan Customs Intelligence and Investigation has captured two trucks of imported cloth and plastic grains in separate raids. According to reports, the customs officials intercepted a truck near Dera Ghazi Khan and seized huge quantity of Iranian-origin plastic grains being transported to Lahore. Customs Intelligence and Investigation Additional Director Nisar Ahmad constituted special teams to foil the smuggling ... Read More »

PIAF hopeful of headway in political deadlock

PIAF-Logo-200x150

LAHORE: The PIAF-Founders Alliance has expressed its optimism about a peaceful resolution to the prevailing political deadlock which has virtually brought economic activities to a halt. In a joint statement, PIAF Chairman Malik Tahir Javed and other leaders, including Mian Anjum Nisar, Mian Muhammad Ashraf, Lahore Township Industries Association Chairman Chaudhry Zaheer Bhutta, leader of Kattar Band Road Industrial area ... Read More »

Junaid asks officers to launch robust tax recovery campaign

Pakistan-customs

MULTAN: Customs Intelligence Director Junaid Akram has urged the customs officers to perform their duties with dedication and strengthen the national economy by launching a robust tax recovery campaign and anti-smuggling operations. “All the officers will have to work hard to improve the revenue collection,” he said while visiting office of the customs intelligence in Multan. On the occasion, Additional ... Read More »

Rs4.7m tax evasion: Bail of SM Food Makers confirmed

Under-invocing

MULTAN: The Customs Special Judge confirmed bail of the owner of Saim Mobeen Food Makers Chaudhry Zulfiqar Ali Anjum and other accused against the principal amount of tax evaded in the import of Carbon Steel rolls through under-invoicing. According to prosecution, the Saim Mobeen (SM) Food Makers evaded tax/duty in the clearance of Austrian-origin Carbon Steel sheets (parts of industrial ... Read More »

Multan Customs earns Rs1.836m from auction of seized goods

auction

MULTAN: The Model Customs Collectorate Multan earned worth Rs1.836 million from the auction of different seized goods. The auction was held at Multan Dry Port which led by Customs Deputy Collector (dry port) Multan Muhammad Ali Malik along with Appraisement Officer Ashraf Shah and Auction Officer Muhammad Akram. There were four different vehicles put up for auction including a Toyota ... Read More »

Customs officials foil smuggling bids, seize bike chains, cloth

CustomsLogo1

MULTAN: The Customs Intelligence and Investigation has thwarted attempts to smuggle motorcycle chains and cloths worth more than Rs1.1 million in separate incidents. As per details, the Customs Intelligence and Investigation intercepted a truck loaded with scrap. However upon search, the officials found 2,250 imported motorcycle chains and 60 branded tyres under the scrap. The made-in-China chains were weighing 2,215 ... Read More »

Customs to auction impounded vehicles on August 27

auction

MULTAN: The Customs Intelligence and Investigation has announced the date for holding an auction of the vehicles lying in its warehouse and it will be held on August 27 (Wednesday). More than 10 motor vehicles will be put up for auction which includes different models of Toyota Corolla, Hiace van, Fielder, Titan Mazda and Hilux Surf. A large number of ... Read More »

Customs Intelligence unearths multi-million rupees tax evasion scam

Container

LAHORE: The Customs Intelligence and Investigation has unearthed a scandal involving tax and duty evasion to the tune of millions of rupees and has seized 14 containers. Official sources said that Customs Intelligence and Investigation Director General Lutfullah Virk was tipped off about a gang involved in the unlawful unloading of heavy duty imported goods with replacement of low duty ... Read More »

Gold sheds Rs 90 per tola as dollar gains strength in world market

569593-gold-1372416325-220-640x480

LAHORE: Gold prices closed lower on Friday in the local markets as the precious metal suffered losses in the global trading at the hands of a rising dollar. After witnessing a decrease of Rs 90 per tola (11.644 grams), gold prices for 24 karat closed at Rs 49,090 as compared to Thursday rates of Rs 4,9100 in city gold markets. ... Read More »

Restart of talks helps rupee to firm value

rupee

LAHORE: With the ‘apparent’ signs of improvement in the prevailing political scenario, Pak Rupee managed to sustain its value against US Dollar and other international currencies in currency market. Though no extra ordinary market demand for the US dollar was seen, its rates remained stable. Market players said that emergence of new political situation with restart of dialogue process between ... Read More »

Customs seizes smuggled diesel worth Rs 20m

HSD

MULTAN: The Customs Anti-Smuggling Organisation (ASO) captured 80,000 litres of smuggled High Speed Diesel worth Rs 20 million from Dera Ghazi Khan region. As per detail, the Customs ASO intercepted two oil-tankers and recovered 80, 000 litres of smuggled diesel. The owners identified as Mohiuddin and Noor Ahmad were trying to sell the diesel to Hascol Petrol Pump in Dera ... Read More »

Ginners demand withdrawal of 5pc tax on cotton seed cake

PCGA

MULTAN: The Pakistan Cotton Ginners Association (PCGA) demanded the government withdraw the SRO issued for the imposition of five percent tax on cotton seed cake. Addressing a press conference, PCGA President Mukhtar Baloch along with its members Haji Muhammad Akram, Shehzad Ali Khan demanded the government to provide relief to cotton industry. He regretted that cotton trade was confronted with ... Read More »

Withholding tax notices served on 400 individuals, concerns

Withholding-Tax

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I has issued 400 withholding tax notices to various business concerns and individuals. Sources said that the RTO-1 issued one week notice to the withholding tax agents, including housing societies, contractors, doctors and textile mills for the financial year 2014-15. They informed that the withholding tax agents would produce their record ... Read More »

ANF thwarts smuggling bids, seizes 2,239g heroin

ANF

LAHORE: The Anti-Narcotics Force (ANF) foiled two smuggling bids and captured fine quality of heroin weighing 2,239 gram in to two raids here. As per details, the ANF Lahore Airport Team intercepted a passenger identified as Azhar Iqbal, a resident of Gujrat at Allama Iqbal International Airport and recovered 2.89 kgs of heroin concealed in a handbag. In another attempt, ... Read More »

People urged to avail 5pc rebate on property tax

Property Tax

MULTAN: Multan Excise and Taxation (E&T) Director Ahmad Saeed has advised the people to avail five percent rebate on the payment of property tax until September 30. He said that the department was focusing on the property tax collections, claiming that the department registered 14 percent increase in collection of taxes in July 2014, against the corresponding month of last ... Read More »