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Karachi

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Customs Court approves bail to suspect booked in contraband goods smuggling case

KARACHI: The Customs Court has granted bail to suspect namely Ibadatullah son of Muhammad Usman against the surety of Rs. 100,000, who was booked in a case of smuggling of contraband goods. On 20 December 2019, during the hearing, counsel for the applicant/ accused moved bail application and argued that prosecution claimed that in the instant case the present applicant/ ... Read More »

Assets case: NAB includes Khurshid Shah’s family in reference

SUKKUR: The National Accountability Bureau (NAB) has included Member National Assembly (MNA) Khurshid Shah’s family in the reference that has been filed in assets beyond means case. According to media, the NAB filed reference of over Rs1.23 billion Khurshid Shah. According to details, Khurshid Shah’s wives Naz Bibi and Talat Bibi, sons Farukh Shah and Zeerak Shah, and nephews Owais ... Read More »

KPT handles largest ever container vessel COSCO Belgium

KARACHI: Karachi Port Trust (KPT) has achieved another milestone while handling a giant container vessel COSCO Belgium at its SAPT terminal in South Wharf of Karachi Port. According to the details, a largest ever vessel handled for the very first time at Karachi Port Trust (KPT) with length overall (LOA) of 366 meters, highest gross registered tonnage (GRT) of 153,666 ... Read More »

SHC seeks comments on petition filed by M/s TF Industries

KARACHI: The Sindh High Court (SHC) directing customs officials to make sure to file their respective para wise comments on a petition filed by M/s TF Industries against enhancement of valuation of imported non-woven fabrics from at the rate of $1.80/ per kg to $2.10 per kg by Collector of Customs Appraisement East and West. On 19 December 2019, a ... Read More »

Customs Preventive detains smuggled Indian origin consignment of medicine

KARACHI: Collectorate of Customs Preventive apprehended Indian origin second consignment during last two days. According to the details, the consignment of medicine was smuggled from India which was busted after getting authentic information from Collector Customs Preventive Saqib Saeed. During the raid conducted at gowdon located on 4th floor of the Oden Center near Regal Chowk Saddar, smuggled Indian origin ... Read More »

Sharjeel Memon seeks pre-arrest bail from SHC

KARACHI: Former Sindh minister Sharjeel Memon has filed bail petition in the Sindh High Court (SHC), fearing his arrest after opening new inquiries against him by the National Accountability Bureau (NAB). Sharjeel Memon, in his petition, stated that two references are already under proceedings again him and it came into his knowledge that the anti-corruption watchdog is now holding a ... Read More »

Customs Court approves charge sheet of HSD oil smuggling case

KARACHI: The Customs Court approved charge sheet against suspect namely Muhammad Nadeem son of Muhammad Essa who was nominated in a case of attempting to smuggle 60,000 liters high speed diesel valuing of Rs7,680,000 approximately. On 18 December 2019, investigation officer submitted charge sheet against abovementioned suspect and informed the court that on actionable information, customs officials intercepted a Hino ... Read More »

Customs Port Qasim seizes Indian origin Unilever Dove body cream

KARACHI: Collectorate of Customs Port Qasim has apprehended huge quantity of Indian origin body Cream worth millions of rupees. According to the details, during the action against Indian origin imported goods various cases have been made by Customs Collectorate of Port Muhammad Bin Qasim. In most recent case was made pertains to the attempt against import of Indian origin Dove ... Read More »

All out efforts will be made to redress genuine grievances of businessmen: Mumtaz Ali Shah

KARACHI: Chief Secretary Sindh Syed Mumtaz Ali Shah has assured the delegation of business community that all-out efforts would be made to redress the genuine grievances of the business community on top priority. This he said while presiding over a meeting of 28 members “Industrial Liaison Committee (ILC)”, which was constituted by the Sindh Government under the chairmanship of chief ... Read More »

Current account deficit falls by 73pc in five months

KARACHI: Current account deficit has narrowed by 73 percent to $1.82 billion during first five months (July – November) of 2019/2020 owing to reduction in import bill and improved inflows. Adviser to Prime Minister on Revenue Dr. Abdul Hafeez Shaikh in a tweet said “Current Account Deficit is down by 72.6% in Nov 2019 & 73% between July -Nov 2019 ... Read More »

Foreign exchange reserves increase to $17.655b

KARACHI: The liquid foreign exchange reserves of the country have increased by $1.607 billion, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves increased to $17.655 billion by week ended on December 13, 2019 as compared with $16.048 billion a week ago. The foreign exchange reserves of the central bank increased $1.659 billion to $10.892 billion by ... Read More »

Customs Preventive seizes smuggled goods, falcons & houbara bustards

KARACHI: Collectorate of Customs Anti Smuggling Organization (ASO) has seized huge quantity of smuggled goods, Falcons and houbara bustards. According to sources, Collector Preventive Saquib Saeed received credible information about some smuggling attempts. He immediately constituted anti-smuggling squad to thwart any attempt of smuggling. The anti-smuggling squad intercepted a trailer containing 20 tons of foreign origin prime quality raisin at ... Read More »

Appraisement West to hold auction of vehicles on Dec 20 at AICT

KARACHI: Collectorate of Customs Appraisement West will hold auction of used vehicles mostly model between 2016-2018 on December 20, 2019 at Al-Hamd International Container Terminal (AICT). Following is the list of vehicles to be presented for the auction: 1. Nissan Note, Model 2017 2. Daihatsu Mira ES, Model 2017 3. Honda N-One, Model 2018 4. Toyota Aqua, Model 2016 5. ... Read More »

PICT obtains ISO45001:2018 certification after audit process

KARACHI: Pakistan International Container Terminal (PICT) became the first container terminal in Pakistan to obtain the ISO 45001:2018 certification, the world’s first integrated international standard for occupational health and safety. PICT located at the Port of Karachi, successfully migrated from the old OHSAS 18001 standard to the new ISO 45001:2018, following a rigorous verification and audit process carried out by ... Read More »

Importers move SHC against recovery of RD imposed vide SRO 214(I)/2001

KARACHI: M/s Kamal Limited and several other importers approached the Sindh High Court (SHC) and filed a constitutional petition against levy of regulatory duty @5% imposed vide SRO 214(I)/2001 on the items pigment thickener and acrylic thickener imported between 29 March 2010 and 16 October 2017. On 17 December 2019, counsel for the importers argued that in normal course of ... Read More »

Customs Court approves interim charge sheet of HSD Oil smuggling case

KARACHI: The Customs Court accepted progress report against suspect namely Naseem son of Madam Gul, who was arrested in a case of attempting to smuggle 10,000 liters high speed diesel valuing of Rs950,000. On 17 December 2019, court also granted after arrest bail of the above mentioned suspect and directed him to appear before the court on next date of ... Read More »

OGDCL begins drilling for shale gas in Hyderabad

KARACHI: The Oil and Gas Development Company Limited (OGDCL) has started drilling activities in potential areas of Sindh for the exploration of shale gas. According to the spokesperson, on the initial stage, the OGDCL has planned to drill KUC-01 well in Hyderabad, in two phases. The KUC-01 is an experimental pilot project which comprises a vertical or near vertical hole ... Read More »

SHC calls comments on petition filed by M/s Rauf & Sons against enhancement of valuation

KARACHI: The Sindh High Court (SHC) directed customs officials to make sure to file their para wise comments on a constitutional petition filed by M/s Rauf & Sons, M/s Islam and Sons and Vohra Chemical Co against enhancement of valuation of synthetic rubber NBR 6240 under the garb of valuation ruling no 1091/2017. On 16 December 2019, a two-member bench, ... Read More »

Customs Court approves charge sheet of foreign origin cloth smuggling case

KARACHI: The customs court approved charge sheet against suspect namely Shah Khalid son of Abdul Qadir and issued notices to investigation officer and special prosecutor for customs department. The suspect was booked in a case of attempting to smuggle foreign origin cloth worth Rs. 13,111,371. On 16 December 2019, investigation officer appeared before the court and submitted interim charge sheet ... Read More »

Court approves bail of Khursheed Shah in assets beyond mean case

SUKKUR: An accountability court on Tuesday granted bail to Syed Khursheed Shah in assets beyond mean case. The court ordered the PPP leader to submit surety bonds worth Rs5 million. On December 10, the National Accountability Bureau (NAB) had decided to form a Joint Investigation Team (JIT) to probe into the case against Syed Khursheed Shah. The anti-graft watchdog had ... Read More »