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Pakistan, Saudi Arabia to further promote cooperation in customs, tax fields

ISLAMABAD: Ambassador of Saudi Arabia in Pakistan, Nawaf Saeed Al-Malikey here on Saturday had a call on meeting with Chairman Federal Board of Revenue (FBR), Muhammad Javed Ghani during which matters of mutual concern pertaining to cooperation on customs and tax were discussed . According to press statement issued by the board, it was agreed in the meeting that relevant ... Read More »

FBR collects Rs2900b during eight months of FY2020-21

ISLAMABAD: The Federal Board of Revenue (FBR) announced that it has successfully achieved tax targets for the first eight months of the fiscal year 2020-21. According to a spokesman for the FBR, it has successfully collected a tax amount of Rs2,900 billion in the first eight months of the fiscal year, which is higher than the revenue target of Rs2898 ... Read More »

Pakistan earns $224m from export of travel services in 1HFY21

ISLAMABAD: Pakistan earned US $224.120 million by providing different travel services in various countries during the first half of current financial year 2020-21. This shows decline of 18.54 percent as compared to US $275.114 million same services were provided during the corresponding period of fiscal year 2019-20, Pakistan Bureau of Statistics (PBS) said. During the period under review, the personal ... Read More »

NEPRA to review agreements between govt & IPPs on March 3

ISLAMABAD: National Electric Power Regulatory Authority (NEPRA) has decided to review the agreements reached between the government and Independent power producers (IPPs). The authority will hold a hearing on March 3. NEPRA will hear the Central Power Purchasing Agency (CPPA)’s petition regarding tariff adjustment with IPPs. During the hearing, the agreements between power plants and Jahangir Tareen’s JDW Sugar Mills, ... Read More »

Pakistan Customs taking all measures to promote trade activities in Gwadar: Chief Collector Gul Rehman

GWADAR: Chief Collector Gul Rehman has said that Pakistan Customs is taking all measures to promote and facilitate trade activities and business in Gwadar. Chief Collector Quetta Gul Rehman expressed these views during his 3-day visit to Gwadar. He said despite of COVID-19 and lockdown, Customs staff achieved its revenue collection target and would surpass annual target. Gul Rehman said ... Read More »

World Bank provides $12m grant for FATA’s, displaced families

ISLAMABAD: World Bank has provided additional grant worth of US $ 12 million for FATA, Temporarily Displaced Persons Early Recovery Project (TDP-ERP) to earlier recovery of displace families in former tribal areas of Khyber Pakhtunkhwa (KPK). Minister for Economic Affairs, Makhdum Khusro Bakhtyar witnessed the signing ceremony of Additional Grant Agreement of “FATA Temporarily Displaced Persons Emergency Recovery Project” worth ... Read More »

Railway Minister Azam Swati inaugurates RCCI Build 2021 Expo

RAWALPINDI: Railway lands across the country will be brought into use in collaboration with the private sector. The construction industry will develop very soon. If the country’s economy is further strengthened, employment opportunities will be created. The Chamber of Commerce will have the full support of the government. He said that exhibitions increase trade activities. The Rawalpindi Chamber of Commerce ... Read More »

FBR notifies promotion of 7 PCS officers from BS-20 to BS-21 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) issued notification for promotion of following 7 officers of Pakistan Customs Service (PCS) from BS-20 to BS-21 on regular with immediate effect and until further orders:- Muhammad Iqbal Bhawana Wajid Ali Rabab Sikandar Zulfiqar Younus Shahnaz Maqbool Ahmad Rauf Seema Raza Bokhari The officers, who are presently posted against BS-21 posts on OPS, will ... Read More »

Aruna Hussain, Soren Skou, Maersk mega scandal case: Importers demand special body to save them from blackmail

KARACHI: Importers have called for setting up a special committee to ensure the implementation of laws to save them from the extortion, blackmail and exploitation of Aruna Hussain, Soren Skou and other officials of Maersk in a mega scandal of illegal collection of demurrage and detention charges. Office-bearers of top chambers of commerce and industry have expressed their grave concern ... Read More »

Mis-declaration: Customs Court approves charge sheet against M/s Amir & Co and others

KARACHI: The Customs Court submitted charge sheet against owner/ partners of M/s Amir & Co and others, who were nominated in a case for mis-declaration and concealment of actual description, specifications and constituent material to deceive application of correct assessable value. On 26 February 2021, during the hearing, investigation officer of Customs Appraisement & Facilitation Port Muhammad Bin Qasim Karachi ... Read More »

SHC dismisses SCRAs filed by Collector of Customs against M/s Dream Garments & others

KARACHI: A division bench of the Sindh High Court (SHC) dismissed special customs reference applications as being time barred filed the Collector of Customs against M/s Dream Garments and others challenging impugned order dated Dec 17, 2013 passed by the Customs Appellate Tribunal at Karachi. On 24 February 2021 court released detailed order, according to which, court observes in its ... Read More »

FBR promotes 24 IRS officers from BS-19 to BS-20 on regular basis

ISLAMABAD: Federal Board of Revenue (FBR) notified promotions of 24 officers of Inland Revenue Service (IRS) from BS-19 to BS-20 on regular basis with immediate effect. Following IRS officers have been promoted to BS-20: Muhammad Safdar Muhammad Abu Bakar Siddique Ms. Tajamal Bilquis Ms. Fauzia Adil Dr. Razi-ur-Rehman Khan Shaheed Mehboob Muhammad Bilal Malik Barrister Nowsherwan Khan Ms. Iram Shabbir ... Read More »

10 IRS officers promoted from BS-20 to BS-21

ISLAMABAD: Federal Board of Revenue (FBR) notified promotions of 10 BS-20 officers of Inland Revenue Service (IRS) to BS-21 on regular basis with immediate effect. Following officers have been promoted to BS-21: Tariq Mustafa Khan Mir Badshah Khan Wazir Malik Amjad Zubair Tiwana Muhammad Azam Sheikh Mehmood Hussain Jafari Muhammad Iqbal Muhammad Abid Raza Bodla Ms. Aiysha Khalid Karamatullah Khan ... Read More »

DG Valuations revises customs values on import of iron & steel scrap

KARACHI: The Directorate General of Customs Valuation, Karachi, has upward revised customs values on the import of iron and steel scrap. In this connection, the directorate has issued a valuation ruling. According to the ruling, in exercise of the powers conferred under Section 2S-A of the Customs Act, 1969, the Customs values of Iron and Steel Scrap (remeltable/HMS scrap/shredded scrap/re-rollable ... Read More »

FBR promotes 13 PCS officers from BS-19 to BS-20

ISLAMABAD: Federal Board of Revenue (FBR) has issued notification to promote following officers of Pakistan Customs Service (PCS) from BS-19 to BS-20 with immediate effect and until further orders:- Hassan Saqib Sheikh Masood Ahmed Fayaz Rasool Sanaullah Abro Muhammad Tahir Muhammad Saleem Memon Muhammad Amir Thahim Yousaf Haider Orakzai Munib Sarwar Farrukh Sajjad Tayyeba Kayani Moeed Muhmmad Nayyar Shafiq Muhammad ... Read More »

Pakistan to save $300m annually from Qatar LNG deal: PM Imran Khan

LAHORE: Prime Minister Imran Khan on Friday revealed that Pakistan had signed a deal related to the supply of the Liquefied Natural Gas (LNG) which would help save the nation $300mn annually. Speaking at the groundbreaking ceremony of the Central Business District ceremony in Lahore, the prime minister said that his government had been trying to negotiate this deal for ... Read More »

66pc of vehicle thieves/ snatchers acquitted; laws be made more stringent: SSP AVLC

KARACHI: SSP Anti-Vehicle Lifting Cell (AVLC) Rao Muhammad Arif Aslam has stressed that the relevant laws, punishments and fines for vehicles’ theft or snatching need to be made more stringent as statistics indicate that 66 percent of the culprits have been acquitted while the remaining 34 percent were convicted by the honorable courts. “Almost all the acquitted get back on ... Read More »

Australia HC for enhanced trade relations with Pakistan

MULTAN: Auatralia High Commissioner in Pakistan, Dr Geoffrey Shaw underlined the need for improving trade ties between business communities of Australia and Pakistan. Addressing a ceremony hosted in his honour at Multan Chamber of Commerce and Industry (MCCI), he said that Australian scientists were working closely with Pakistani scientists. He said that trade representatives in Islamabad and Sydney High Commissions ... Read More »

Exports of ICT, telecom services increased 38pc in 7MFY21: Razak Dawood

ISLAMABAD: Adviser to the Prime Minister for Commerce and Investment, Abdul Razak Dawood, on Thursday said that the export of information and communications technology (ICT) and telecom services increased by 38 per cent during the first seven months of the current fiscal year (7MFY21) as compared to the corresponding period last of the last fiscal year. In a tweet, he ... Read More »

Poor cellular services creating hurdles for businessmen: Mian Tariq Misbah

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) urged the Pakistan Telecommunication Authority (PTA) to look into the poor quality of services provided by cellular companies. At a meeting with PTA Director Salman Baig, LCCI President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry said mobile phone had become an unavoidable tool ... Read More »