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Author Archives: Saleem Jadon

MCCI wants Karachi port like facilities at Multan Dry Port

MULTAN: Multan Chamber of Commerce and Industry (MCCI) President Khawaja Muhammad Usman has said that inefficiency of Multan Dry Port authorities forcing local importers and exporters to do business through Karachi. He said this while addressing a meeting with Collector Customs Tausif Ahmed Qureshi of Model Customs Collectorate. Multan Dry Port Trust Chairman Khawaja Muhammad Younus, DGCCI President Muhammad Anees ... Read More »

IMF delegation holds meeting with ECC of Cabinet over tax related issues

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FBR, IMF team agree to prepare plan for abolishing tax exemption by end December

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Customs teams to check arm imports

KARACHI: Pakistan Customs has formed six teams to collect data regarding sale and purchase of arms in Karachi. The teams will comprehensively scrutinise the arms dealers’ record of the import of weapons and ammunition. A Supreme Court bench headed by Chief Justice Iftikhar Mohammad Chaudhry in recent hearing of the Karachi law and order case took up the issue of ... Read More »

Rs3m worth of smuggled cigarettes, cigars seized

LAHORE: Federal Board of Revenue (FBR) Inland Revenue Intelligence has impounded millions of rupees worth of smuggled non-duty paid cigarettes and cigars from an outlet of a popular chain of tobacco at Qadafi Stadium. The Inland Intelligence seized cigarettes and cigars following the none-compliance of the notice served upon the owner of the tobacco shop. Sources said that FBR team ... Read More »

Russian Customs prevents smuggling of military equipment

MOSCOW: Russian Federal Customs Service (FCS) has prevented smuggling of military equipment from Azerbaijan. According to FCS, Dagestan customs officers detained a large consignment of military equipment at the Azerbaijan border. Equipment was intended for transporting to Russia without customs declaration. “Undeclared goods – “military equipment of special purpose” for defence and law enforcement structures marked as “special equipment” in ... Read More »

Dubai Customs launches advanced gold, jewellery valuation training programme

DUBAI: The Dubai Customs Training Centre has inaugurated a new training course specialised in gold and jewellery valuation. The training course is in line with Dubai Customs’ commitment to building staff capabilities and strengthening their qualifications, thereby enabling them -with high efficiency-to better protect UAE ports, and to promote legal trade internationally. The design of the new Gold and Jewellery ... Read More »

WeBOC confirms use of automated system for goods clearance

KARACHI: Directorate of Web Based One Customs (WeBOC) has confirmed that only automated system should be used for clearance of goods, sources disclosed. The instructions have been issued following reports that the Preventive Staff posted at off-dock terminals and AFU have been demanding hard copies of import documents for the clearance of consignments, sources added FBR has installed hassle-free automated ... Read More »

Customs seizes smuggled goods

KARACHI: The Model Customs Collectorate (MCC) of Preventive has seized huge quantity of smuggled merchandise goods and Iranian POL products that was arriving from Balochistan through buses from RCD Highway, a statement said. The statement issued by the Customs media cell said as a result of the fresh drive against smuggled goods launched under the directives of Customs Collector Preventive ... Read More »

PCG arrests 290 illegal immigrants

KARACHI: Pakistan Coast Guards (PCG) and Federal Investigation Agency (FIA) in a joint operation have apprehended 290 illegal immigrants including 266 Afghans from Nalient area at Coastal Highway, Gwadar. According to PCG Spokesman Safeer Mehdi, in the first operation a team comprising officials from FIA and PCG arrested 240 illegal immigrants including 216 Afghan nationals and 24 others hailing from ... Read More »

MCCI to set up tax facilitation desk

MULTAN: Multan Chamber of Commerce & Industry President Khawaja Muhammad Usman has met Chief Commissioner RTO Multan Hafiz Muhammad Jamil Owaisi and apprised him of grievances of the member of the Multan chamber. He told commissioner that a trade and tax facilitation desk (TFD) has been working at Multan Chamber of Commerce and Industry (MCCI) aimed at facilitating the businesses ... Read More »

Philippine Customs tasked to hike 2014 collections by 20pc

MANILA: The government has tasked the Bureau of Customs to increase its collection of import duties and taxes next year by at least 20 per cent from its target for 2013. The Department of Finance, the parent agency of the BoC, wanted the agency to boost collections by implementing new measures against smuggling. Under the 2014 fiscal program, the collection ... Read More »

German Customs recovers £1b Nazi art cache hidden behind food cans

BERLIN: German Customs officials have seized the haul of 1,500 works – including masterpieces by Henri Matisse, Pablo Picasso, Pierre-and Auguste Renoir – valued at £1 billion from the Munich flat of an elderly man suspected of hiding his wealth in Swiss banks. Dealer Hildebrandt Gurlitt amassed the collection during the 1930s and 1940s when he bought the art works ... Read More »

Stuck-up refund claims climb up to Rs40b

LAHORE: Pakistan Readymade Garments Mfg & Exporters Association (PRGMEA) Acting Chairman Amir Amin Kothawala and senior vice chairman (NZ) Jawwad Ch have urged the government to release stuck up refund claims accumulated into billion of rupees. In a statement, they said the stuck-up capital of the exporters has accumulated to over Rs40 billion in terms of Duty Drawback of Local ... Read More »

FPCCI asks FBR to control smuggling

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Federal Board of Revenue (FBR) and other law enforcement agencies to take measures to curtail smuggling of goods through the Afghan and Iran borders. The FPCCI, in a statement, requested FBR and other law-enforcement agencies to take appropriate fiscal and administrative measures, including sealing of borders, to curtail ... Read More »

LCCI sets up Tax and Trade Facilitation Centre

LAHORE: In order to promote trade and industry, the Lahore Chamber of Commerce and Industry has established Trade and Tax Facilitation Centre (TFC) at its premises. The Centre was inaugurated by LCCI President Engineer Sohail Lashari in the presence of LCCI Senior Vice President Mian Tariq Misbah, Vice President Kashif Anwar and a large number of Executive Committee members. Addressing ... Read More »

Pakistan Customs seizes poppy seeds worth Rs50m

KARACHI: The Pakistan Customs seized 16 tons of poppy seeds from a container of an export consignment at the Karachi Port. Sources in the Customs Intelligence and the Customs Export Collectorate got a tip-off that drug peddlers were trying to smuggle a huge quantity of drugs to The Netherlands via sea. One team each from the two departments was deployed ... Read More »

Pakistan Coast Guards seize Rs12m worth of hashish

KARACHI: Pakistan Coast Guards (PCG) have seized fine quality of hashish from general area of Shadi Kaur, near Pasni, Balochistan. The value of the seized drugs in the local market is Rs12 million, said a PCG press release. On credible information from intelligence resources about the smuggling of narcotics, a seizure was carried out by PCG Special Mobile Patrol. As ... Read More »

Govt urged to create conducive environment for manufacturers

LAHORE: Tuwairqi Steel Mills Limited Project Director Zaigham Adil Rizvi has urged the government to create a conducive and friendly environment for manufacturers for production of value-added products. He said that South Korea and Japan were two main countries in the world which had only human resources and not mineral resources but still they became developed countries. On the other ... Read More »

Dar briefs investors on Pakistan economy

LONDON: Finance Minister Dar has briefed Standard Chartered Bank and investors on Pakistan economy and invited them to take advantage of business friendly regime in Pakistan. Standard Chartered Bank hosted a high profile investors/fund managers breakfast session with Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation, Senator Ishaq Dar, in London. The event was attended by a large ... Read More »