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Author Archives: Irfan Bahadur

Woman apprehended with 27 tola of gold & foreign currency on Torkham Border

PESHAWAR: A women was arrested after a routine checking on Torkham Border for holding 27 Tola gold on her way from Afghanistan to Pakistan. The sources told Customs Today on Monday that the FC officials at Torkham gate found a woman having gold in her bag. When she was searched by the officials, some 1000 Riyals and 1500 Afghani currency ... Read More »

Peshawar Customs collects double revenue in first half of July: Collector Qurban Ali Khan

PESHAWAR: The Customs Collectorate has earned double revenue in first 15 days of July 2017-2018 as compared with the collection in the month of July 2016-2017 by the Customs House Peshawar. Talking to Customs Today Collector Qurban Ali Khan said that Customs Peshawar has collected Rs500 millions during first 15 days of July 2016-2017, while it had collected Rs 252 ... Read More »

‘Smooth transportation of transit goods supporting economic uplift of country’

PESHAWAR: The Collector Customs, Model Customs Collectorate Peshawar, Qurban Ali Khan has said the customs administration of Pakistan is playing a prominent role in the smooth transportation of transit goods among the provinces which is supporting the economic development of Pakistan. Speaking at the MCC Peshawar, he said on Thursday that the transit not only enables the goods to reach ... Read More »

Society exhorted to lodge mega complaints against irregularities

PESHAWAR: A one-day seminar was organized on the anti-corruption themes by the District Government Battagram in collaboration with the National Accountability Bureau Khyber Pakhtunkhwa. Mian Muhammad Waqar, Additional Director NAB KP, was the chief guest. In his address, he urged the society to come forward and lodge mega complaints against the irregularities instead of creating personal grudges. He said the ... Read More »

Qurban for using customs data for prevention of smuggling & money laundering

PESHAWAR: Collector Customs Qurban Ali Khan has stressed the need for using the customs data for prevention of smuggling and money laundering. He said this while speaking to a meeting at the Model Customs Collectorate Peshawar on Tuesday. He said that a very small part of customs data has been utilized to generate statistics while a large part of which ... Read More »

Pakistan, Ireland sign agreement to avoid double taxation & fiscal evasion on offshore business

PESHAWAR: Through S.R.O 603 (1) 2017, it has been notified by the Federal Board of Revenue that the Governments of Pakistan and Ireland have signed the Convention for the Avoidance of Double Taxation and Prevention of Fiscal Evasion on offshore business. The sources at the FBR Peshawar informed the Customs Today on Tuesday that for bringing the convention into force ... Read More »

Peshawar MCC committed to extending circle of Customs Duties to enlarge list of taxpayers

PESHAWAR: The Peshawar MCC committed to extending the circle of Customs Duties to the regions where they are not applied in order to enlarge the taxpayers’ list for Federal Excise Duty in the country. The KP province generated about $28billion of duties for the total GDP growth of the federal government whereas $500million were received by the FATA during the ... Read More »

BKIA AFU foils smuggling of 21-kg gold from Dubai into Peshawar valued Rs237m

PESHAWAR: The customs officials at the Bacha Khan International Airport have aborted an attempt of smuggling 21 kg of gold from Dubai into Peshawar on Friday. Deputy Collector Customs Fazle Samad said the passengers were traveling by PIA. There were 27 blocks of gold recovered from their luggage. The value of one block of gold is Rs88million. The total price ... Read More »

Peshawar Collector Qurban directs to curb smuggling to get more revenue

PESHAWAR: The Collector of Customs Collectorate has directed officers to cut off ways for odd entry of foreign currency in order to stop the leakage in the revenue collection which results into loss to the national exchequer. Sources told Customs Today that during a meeting of Collector Qurban Ali Khan with the high ups of customs the collector said that ... Read More »

Improper use of investable funds increasing imports & decreasing exports: PBIF

PESHAWAR: Pakistan Businessmen and Intellectuals Forum (PBIF) President Zahid Hussain on Wednesday said the economy regulatory laws continue preferring trade to industry which is against the national interests. Adding to the China Pakistan Economic Corridor, he said it will further increase the pressure on local industry which will grade it to a new row of lows. “I see no future ... Read More »

About 58pc people think poor people bear most tax burden in country

PESHAWAR: About 58 % people think that lower class bears most tax burden in Pakistan. The Gallup Pakistan has conducted a survey to know the opinion of people about the collection of taxes by the Federal Board of Revenue. The Federal Board of Revenue, in consultation with the Provincial Revenue Authorities, has stressed the need for increasing the number of ... Read More »

Non-payment of refunds becomes threat to export sector & fragile economy: FPCCI

PESHAWAR: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) said the other day that non-payment of refunds has become a threat to the export sector and the fragile economy. The policy of blocking refunds to show improved revenue collection has taken a toll on the external sector which was already reeling under the energy crisis and other issues, ... Read More »

Record trade deficit may result in IMF-loan & mini-budgets

PESHAWAR: The Islamabad Chamber of Small Traders on Monday said record trade deficit is becoming unmanageable and it may soon result in new IMF-loan and mini-budgets. The trade deficit for eleven months has touched an all-time high mark of 30-billion-dollar leaving the government with little options but to seek another IMF loan, it said. Delay or refusal by the IMF ... Read More »

Reopening of Ghulam Khan Check-Post postponed again

PESHAWAR: The opening of Ghulam Khan Customs Check-Post at North Waziristan Agency with Afghanistan was again postponed for unknown reasons, said Customs officials on Monday at the MCC Peshawar. The Ghulam Khan check-post remained closed since four years that affected Pakistan-Afghanistan business ties and resulted in loss of billions of dollars to the revenue of national exchequer. The MCC Peshawar ... Read More »

New Customs Stations to be set up in KP to facilitate traders: Dr Irshad

PESHAWAR: Chairman Federal Board of Revenue Dr Irshad Khan visited the MCC Peshawar in order to praise the officials of Pakistan Customs in an event arranged by Collector Qurban Ali Khan in Peshawar. The event was arranged at the MCC Peshawar in which Deputy Collectors and Additional Collectors participated in good numbers. The event was also attended by directors at ... Read More »

Land Customs Station Kharlachi reopened after four months for trade activities

PESHAWAR: The persistent efforts of Qurban Ali Khan Collector Customs MCC Peshawar, worked as the Land Customs Station Kharlachi, Kurram Agency has been re-opened for bilateral trade activities on Monday after four months long closure of trade between Pakistan and Afghanistan. The Pakistan Customs in consonance with government’s policy to ensure safeguard of national economic interests without any compromise on ... Read More »

Torkham Customs seizes foreign currency arrested two persons

PESHAWAR: The Torkham Customs Station seized foreign currency of amounting to Rs14 million during routine body checking at the Torkham border by Pakistan Customs officials. Sources told Customs Today that the Customs staff of Torkham foiled attempt to smuggle amount of Rs0.5 million foreign currency to Afghanistan and arrested two accused who were later identified Shamel Shinwari and Jaidadullah Shinwari ... Read More »

Ishaq witnesses Pak-ADB loan signing agreement

PESHAWAR: Finance Minister Senator Mohammad Ishaq Dar witnessed the loan signing agreement between the Government of Pakistan and Asian Development Bank (ADB) for financing the Sustainable Energy Sector Reform Programme (Subprogram III) amounting to $300million. Tariq Pasha, Secretary, Economic Affairs Division (EAD), signed the Loan Agreement with Ms. Xiaohong Yang, Country Director ADB. The principal objectives of the said programme ... Read More »

Collector MCC Peshawar takes notice of stranded containers due to Ramazan duty hours

PESHAWAR: To achieve a target in the last month of FY2016-17, Collector Customs MCC Peshawar Qurban Ali Khan took a notice of a large number of the cargo vehicles laden with containers which are stuck across the border in Afghanistan due to strict duty hours in the month of Ramazan. Qurban Ali Khan, Collector Customs MCC Peshawar, took up the ... Read More »

Abbotabad confiscates 108 mobile phones during half month of June

PESHAWAR: The Customs Station at Abbotabad has seized 108 non-custom-paid mobile phones during the half month of June. About 108 cell phones of different models were recovered from a passenger coming from Gilgit- Baltistan. He was arrested with the registration of FIR against him. Due to increase in the checking by the customs officials at Abbotabad Customs, many attempts of ... Read More »