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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

KPT rejects reports regarding toxic gas leakage from port area

KARACHI: Karachi Port Trust (KPT) has clarified new reports about leakage of toxic gas from inside port area. KPT spokesman in a statement on late Sunday night said that there has been no leakage of chemical or gases inside the KPT port area and from any berthed vessel/ship. “All safety precautions remain applied while handling POL or chemicals from ships ... Read More »

Customs House closed after poisonous gas faints 4 people

KARACHI: The Customs House was closed on Monday after four people fell unconscious there while dozens started vomiting as a result of a “mysterious gas leak” in the Kemari port area of the metropolitan, according to Karachi Customs Agents Association. The Customs authorities said employees have been given leave since air quality is not good. At least five people were ... Read More »

Importer moves SHC against detention of imported goods

KARACHI: Importer Syed Saddruddin has approached the Sindh High Court (SHC) and filed petition against detention of his imported goods by officials of Collector of Customs Preventive. On 15 February 2020, counsel for the petitioner stated that petitioner is the law abiding and peace loving citizen of Pakistan and he attends the notable respect in the society and known as ... Read More »

Customs Court extends pre-arrest bail of clearing agent of M/s Rawandi & Brothers

KARACHI: The Customs Court extended pre-arrest bail to suspect namely Behram Khan son of Haji Hayat Khan, partner M/s Rawandi & Brothers clearing agent، in a case of attempting to smuggle contraband goods via Afghan Transit Trade. On 15 February 2020, counsel for the accused argued according to the prosecution that M/s TPL Tracker Private Ltd observed that a vehicle ... Read More »

Customs Preventive keen to root out smuggling: Collector Saqif Saeed

KARACHI: Collectorate of Customs Preventive Collector Muhammad Saqif Saeed has said that Pakistan Customs is playing vital role against the smugglers but after the directive of the Prime Minister Imran Khan the department is working round the clock to root out the menace of smuggling. Addressing a press conference in Keamari Customs Club the Collector Customs Preventive Muhammad Saqif Saeed ... Read More »

SHC seeks reply on petition filed by clearing agents against lodging FIR

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials and directed them to file their para wise comments on a constitutional petition filed by Clearing agent namely Fahad Mirza against lodging first information report (FIR). On 13 February 2020 a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter. During the hearing, counsel for ... Read More »

Customs Court approves bail of suspects in contraband goods smuggling case

KARACHI: The Customs Court granted bail to suspects namely Naseer Ahmed son of Ali Khan and Muhammad Irfan son of Sher Muhammad against the surety of Rs100,000, who were booked in a case of attempting to smuggle betel nuts, foreign origin tyres, Ajinomoto salt etc. On 14 February 2020, during the hearing, counsel for the accused argued that their clients ... Read More »

FBR to scrutinize transaction records of commercial importers

KARACHI: Chief Commissioner Inland Revenue (CCIR) Badaruddin Ahmed Qureshi has said that FBR will scrutinize transaction records of commercial importers as they are no more under Final Tax Regime. He was addressing a seminar on ‘Minimum Tax Implications After the Finance Act, 2019’ organized by Karachi Tax Bar Association (KTBA). The chief commissioner said that minimum tax was introduced through ... Read More »

SHC directs NAB officials to release clearing agents arrested in  tax evasion cases

KARACHI: A two-member bench, headed by Chief Justice Ahmed Ali M Shaikh directed NAB officials to release suspects clearing agents namely Muhammad Ali, Muhammad Idress, Imran Khan and others who were kept by NAB, booked in several tax evasion cases. On 13 February 2020, chief justice of Sindh High Court asked from special prosecutor for NAB department that after amendment ... Read More »

Customs court approves remand of suspects booked in HSD smuggling case

KARACHI: The Customs Court approved physical remand of suspects namely Naqeebullah son of Ubaidullah and Muhammad Shahid son of Dost Muhammad and sent them back to customs lock-up, who were arrested in a case of attempting to smuggle non-duty paid high speed diesel. On 13 February 2020, investigation officer of customs preventive produced them before the court and informed that ... Read More »

QICT, Maersk conspire to spread Coronavirus from the sea port in Pakistan?

KARACHI: M/s Qasim International Container Terminal (QICT) Pvt Ltd and M/s Maersk Pakistan (Pvt) Ltd are allegedly conspiring to spread Coronavirus from the sea port in Pakistan because they have not yet implemented the health advisory issued by Directorate of Health Establishment, Islamabad after spread of coronavirus from China to other countries through sea ports. As per details, AC QICT ... Read More »

Customs agents move SHC against lodging 2 FIRs in fake pay orders

KARACHI: Customs Agents Mohsin and Muhammad Nihal Rafi have approached the Sindh High Court (SHC) against lodging two first information report (FIRs) for charge of submitting fake, forge and fabricated two pay orders. On 12 February 2020, counsel for the petitioners argued that two FIRs have been lodged by customs officials inte-ralia against M/s Voroly Impex in which the petitioners ... Read More »

SBP reserves up $157m to $18.7b

KARACHI: The total liquid foreign reserves held by the country stood at $18,735.4 million on February 7, 2020, according to data released by the State Bank of Pakistan (SBP) on Thursday. Foreign reserves held by the SBP were recorded at $12,430.8 million, while net foreign reserves held by commercial banks were recorded at $6,304.6 million. During the week ending February ... Read More »

NAB seeks reply from Bilawal in two weeks in Joint Venture Opal case

KARACHI:  “I was not even a public office holder when NAB started investigating the case. I was seven years old when I became a shareholder of this company,” Bilawal said. The National Accountability Bureau (NAB) has given Pakistan Peoples Party (PPP) chairperson Bilawal Bhutto two weeks to submit a questionnaire in the Joint Venture Opal 224 case. The PPP leader ... Read More »

Customs Court issues NBWs against owner of M/s Escord Enterprises & others

KARACHI: The Customs Court issued non-bail able warrants against Muhammad Younus Sayani son of Muhammad Yousuf Sayani, owner of M/s Escord Industries old name Younus Enterprises, Irfan Khan, Shadman Raees, Riaz Hussain, Ajab Khan, Muhammad Iqbal, Muhammad Saleem Anjum and others who are nominated in of Rs 31,312,758 sales tax evasion case. On 12 February 2020, investigation officer of commissioner ... Read More »

1290kg narcotics recovered in joint operation handed over to Customs Preventive

KARACHI: Pakistan Customs has unearthed smuggling of huge quantity of smuggled narcotics worth millions of rupees through sea route in a successful raid. According to the details, narcotics handing over ceremony were held at the headquarters of the Pakistan Maritime Security Agency where the officials of the Pakistan Navy and the officers of the Pakistan Customs were also present. During ... Read More »

Customs Court approves remand of representative of M/s Al-Asghar Goods Transport Co

KARACHI: The Customs Court sent suspect Muhammad Rashid son of Fazal-ur-Rehman, representative of M/s Al-Asghar Goods Transport Co Karachi to customs lock-up on physical remand, who was booked in a case of attempting to smuggle 15,000 kg monosodium glutamate (Ajinomoto salt). On 11 February 2020, Anti-Smuggling Organization (ASO) produced the above mentioned suspect before the court and informed that an ... Read More »

I&I-FBR submits FIR in smuggling of 54,863 liters HSD oil

KARACHI: Directorate General Intelligence & Investigation-FBR submitted first information report (FIR) along with two suspects before the customs court, who were nominated in a case of attempting to smuggle 54,863 liters high speed diesel worth Rs7,022,464. On 11 February 2020, investigation officer produced the suspects namely Naqeel Ullah son of Aslam Khan (driver) and Sami Ullah son of Ata Ullah ... Read More »

SBP increases payment limits to $25,000 against freelance services

KARACHI: The State Bank of Pakistan (SBP) on Wednesday enhanced payment limits against freelance services from $5,000 per individual per month to $25,000 per individual per month. According to a statement issued by the State Bank of Pakistan said that in order to broaden the scope of business-to-customer transactions through home remittance channel it had enhanced payment limits against freelance ... Read More »

‘Govt should take action against Maersk, QICT for hiring Indians at key positions, looting importers’

MULTAN: Government should take strict action against M/s Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) and also probe the role of Habibullah Khan for looting worth Rs 610 billion from importers through collection of unlawful demurrage and detention charges. Now these companies Indian officials may also spread Coronavirus throughout Pakistan while entering from QICT and Maersk which ... Read More »