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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 charge sheet in contraband goods smuggling case

KARACHI: The Customs Court approved charge sheet against suspect namely Ghulam Qadir son of Abdul Khaliq, who was arrested in a case of attempting to smuggle contraband goods. On 9 March 2020, investigation officer of Anti-Smuggling Organization submitted charge sheet before the court and informed that on actionable information, customs officials intercepted Bedford truck hearing registration number LES-09-4047 and during ... Read More »

Customs Preventive recovers smuggled betel nuts worth Rs150m from SITE area

KARACHI: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) recovered huge quantity of smuggled betel nut worth millions of rupees. According to the details, Collector Saqif Saeed received credible information about the ASO squad conducted a successful raid at a godown in SITE area and recovered around 160 tons of betel nut which worth Rs150 million in the international market. The ... Read More »

Customs Court issues bail-able warrants against CEO M/s Byco Petroleum & M/s Khurram Oils & others

KARACHI: The Customs Court issued non-bail able warrants against against Amjad Javed, proprietor of Khurshid Aziz and Sons, Amir Abbassciy, Chief Executive Officer of M/s Byco Petroleum Pakistan, Muhammad Arshad, head of Taxation M/s Byco Petroleum, Imran-ur-Rehman, Managing Partner M/s Khurram Oils, Shahzad Khan and others who are nominated in a case of attempting to smuggle non-duty paid HSD Oil ... Read More »

Falling oil price likely to benefit Pakistan’s economy: AKD Securities Limited

KARACHI: Global oil prices witnessed a significant drop on Monday, sending markets around the world in frenzy. According to report issued by AKB Securities Limited, the global drop in oil prices will likely benefit Pakistan’s macro-economic indicators even though oil companies will take a hit due to the drop. The report further stated that fallout of OPEC+ disagreement has reverberated ... Read More »

SHC seeks reply on petition filed by M/s Khalid Traders

KARACHI: The Sindh High Court (SHC) directed customs officials to strictly act accordance with law on a petition filed by M/s Khalid Traders seeking restraining order against auction proceedings of its imported consignment of rice bearing. On March 07, 2020, while the hearing of petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also directed them to file their ... Read More »

Collector Jamil Nasir distributes work among deputy, assistant collectors

KARACHI: Collectorate of Appraisement and Facilitation West Collector Jamil Nasir Khan issued office order for distribution of working among deputy/assistant collector is hereby ordered with immediate effect and until further orders: Deputy Collector Jahanzeb Abbasi, KICT & West Wharf (Examination), KICT West Wharf, BOML, Bay West & AICT. Deputy Collector Ms. Asma Hasan, Gropu-II, Adjudication of Afghan Transit Legacy cases ... Read More »

M/s Malik Brothers Logistics approaches court for reducing of bail surety amount

KARACHI: Muhammad Mansha son of Muhammad Anwar, proprietor of M/s Malik Brothers Logistics, M/s ABL Shipping Co and M/s Malik Brothers Technologies Services and clearing agent approached the customs court for reducing of surety amount against bail-able warrants issued by court in two separates case of tax evasion and money laundering of Rs1,070,593,310 & Rs265,264,660. On 6 March 2020, counsel ... Read More »

Customs Court grants after arrest bail in contraband goods smuggling case

KARACHI: The Customs Court granted after arrest bail to suspects namely Naqeel Ullah S/o Aslam Khan and Sami Ullah S/o Ata Ullah against the surety of Rs 100,000 in a case of attempting to smuggle 54,863 liters high speed diesel worth Rs 7,022,464. On 6 March 2020, counsel for the applicant/accused appeared before the court and moved an application for ... Read More »

Hyderabad Customs to auction 18 NDP vehicles on March 11

HYDERABAD: Collectorate of Customs will hold auction of non-duty paid vehicles on March 11, 2020. Following vehicles will be presented for auction: Foreign origin non-duty paid vehicle Toyota Hilux Surf Jeep, bearing Reg. No. LEB-13-9976, Chassis No VZN185-9025060, HP-2928 Cc and Model-1999 as per registration documents. F/o NDP Toyota Land Cruiser, Reg. No JAC-538, Chassis No. KZJ171-0003200, HP-3000 Cc and ... Read More »

Gas leakage from Port Qasim factory lands 100 people in hospital

KARACHI: Multiple people have been hospitalised after a gas leak at the Engro Polymer and Chemicals Limited (EPCL) factory in Karachi’s Bin Qasim. Nineteen people were hospitalised at the Pakistan Steel Mills Hospital and 36 were taken to Jinnah Postgraduate Medical Centre. The hospital’s executive director, Dr Seemin Jamali, confirmed the cases and said they are all stable. An unspecified ... Read More »

FBR confiscates smuggled cigarettes worth Rs80m in SITE area

KARACHI: Federal Board of Revenue’s (FBR’s) Inland Revenue Enforcement Network (IREN) seized 1,290 cartons of cigarettes worth Rs80 million, on which duty was not paid, from a warehouse in SITE Area during a raid. According to the details, Director Intelligence and Investigation Inland Revenue Service Karachi (I&I IRS) Asem Iftikhar claimed that such a large amount of cigarettes, on which ... Read More »

Pakistan Customs to hold auction of imported vehicles on March 7

KARACHI: Pakistan Customs will hold auction of non-duty paid vehicles lying at Bay West, West Wharf Road, on March 7, 2020. Following vehicles to be presented for auction: Suzuki Escudo, Chassis No. TDA4W-271562, manufacturing year 2013, capacity 2400CC Toyota Aqua, Chassis No. NHP10-6450900, manufacturing year 2015, capacity 1500CC Toyota Passo, Chassis No. NGC30-0028061, manufacturing year 2015 capacity 1.3L Daihatsu Hijet, ... Read More »

FBR’s Anti-Benami Zone-III detects property located on Tariq Road

KARACHI: The Federal Board of Revenue (FBR)’s Anti-Benami Zone-III successfully detected another benami property worth billions of rupees in the most expensive area of Karachi. Sources told media that the Anti-Benami Zone-III Karachi has attached the two benami plots located on Tariq Road, Karachi and also issued the notices to benamidars namely Muhammad Yaseen and Kashif Hasan. The Anti-Benami Zone-III ... Read More »

SHC calls comments on petition filed by M/s R/H Enterprises against detention of fabrics consignment

KARACHI: The Sindh High Court (SHC) directed customs department and deputy attorney general of Pakistan to file their comments on a constitutional petition filed by M/s R/H Enterprises against detention of consignment of 498 rolls of textile fabrics weighing 13790 kg imported from New York. On 5 March 2020, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing ... Read More »

Customs Court seeks charge sheet of Tobacco smuggling case

KARACHI: The Customs Court directed investigation officer of Anti-Smuggling Organization to arrest and submit charge sheet against suspects namely Mirza Aurangzaib Baig son of Younus Baig and Muhammad Jawad son of Chand Hussain, who were involved in a case of attempting to smuggled non-duty paid tobacco worth Rs6,600,000. On 5 March 2020, investigation officer of Customs Preventive submitted first information ... Read More »

Customs Preventive submits charge sheet against CEO of M/s Byco Petroleum Pakistan & others

KARACHI: Customs Preventive submitted an interim charge sheet before the customs court against Amjad Javed, proprietor Khurshid Aziz and Sons, Amir Abbassciy, Chief Executive Officer of M/s Byco Petroleum Pakistan, Muhammad Arshad, head of Taxation M/s Byco Petroleum, Imran-ur-Rehman, managing partner M/s Khurram Oils, Shahzad Khan, operations manager/ partner M/s Khurram Oils and others, booked in high speed diesel and ... Read More »

Govt determined to provide ease of doing business: PM Imran Khan

ISLAMABAD: Prime Minister Imran Khan on Wednesday said the purpose of establishment of special economic zones (SEZs) was to provide every possible facility and incentives to the business community. Speaking at the fifth meeting of the Board of Approval set up for the SEZs’ establishment, he said the government was committed to provide ease of doing business and favourable environment ... Read More »

SHC seeks reply on petition filed by M/s Middle East Construction Company

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials directing them to file their respective para wise comments on a constitutional petition filed by M/s Middle East Construction Company seeking release order for its imported old and used Hino Prime Mover Trucks seized by customs officials. On 4 March 2020, a two-member bench headed by Justice Aqeel ... Read More »

POL tests hydrocarbons from its well in Punjab

KARACHI: The Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons from its Development Well Pindori-10, located in district Rawalpindi, Punjab, said a notification issued by the company to the Pakistan Stock Exchange on Thursday. The notification further said: “We are pleased to inform that Pakistan Oilfields Limited (POL), Operator of Pindori D&P Lease has tested hydrocarbons ... Read More »

Maersk, UMA offices raided; CEO in hiding to evade arrest

KARACHI: Authorities raided offices of Maersk Lines and United Marines Agency (UMA) to arrest their high-ups but could not apprehend anyone from their premises. Sources said NAB authorities had raided offices of the UMA to arrest their high-ups in tax evasion and illegal demurrage and detention scam cases. These both above-mentioned companies are allegedly involved in multi-billion dollar corruption, tax ... Read More »