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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

Governor Sindh Imran Ismail tested positive for coronavirus

KARACHI: Governor Sindh Imran Ismail has been tested positive for the novel coronavirus. The Governor Sindh took to the twitter to make the announcement saying, “I have just been tested Covid 19 positive, Allah Kareem inshallah will fight it out.” He further said, the most difficult in life and I believe this is nothing against what we r prepared for. ... Read More »

Online businesses in Sindh to resume operations from today under new SOPs

KARACHI: 5,000 shopkeepers and traders have filled in forms to be submitted to the authorities today for the resumption of businesses under the new standard operating procedures (SOPs) issued by the Sindh Home Department last week. The provincial government has given conditional permission to start online businesses from Monday to Thursday between 09am to 03pm as the lockdown to curb ... Read More »

Shipping cos asked to waive container detention charges till 30 April

KARACHI: Ministry of Maritime Affairs has advised shipping companies and their agents to waive container detention charges and other charges in connection till 30 April 2020. Ministry of Maritime Affairs is receiving requests from traders community regarding their inability to evacuate cargo timely from the port areas due to the lock-down imposed to contain the COVID-19 pandemic. “As we all ... Read More »

Court approves bail of traders involved in violation of lockdown

KARACHI: A court in Karachi on Saturday granted bail to the traders, arrested over flouting coronavirus lockdown decision of the provincial administration. A court of the judicial magistrate approved bail petition of arrested traders today. The court ordered arrested traders to deposit surety amount of Rs1,50,000 each. A court had earlier sent President All City Tajir Ittehad Hammad Poonawala and ... Read More »

SHC directs customs officials to release consignment of Mubeen Int’l on bank guarantee

KARACHI: The Sindh High Court (SHC) directed high officials to customs department to release the consignment of importer Mubeen International after securing disputed amount as bank guarantee on a constitutional petition against detention of its imported consignment due to disputed valuation. On 23 April 2020, while hearing the petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also directed ... Read More »

Customs Court approves charge sheet in smuggling of contraband goods

KARACHI: The Customs Court approved charge sheet against suspect namely Waqas Saleem S/o Saleem Hussain Memon, in a case of attempting to smuggle foreign origin mobile phones worth Rs 5,900,000. On 23 April 2020, investigation officer of customs preventive submits charge sheet against above-mentioned suspect and informed the court that on an information, customs preventive intercepted above-mentioned suspect arrived from ... Read More »

SBP increases profit rate on saving schemes up to 300 basis points

KARACHI: The government on Friday reduced profit rate up to 300 basis points on saving schemes following major cut in policy rate by State Bank of Pakistan (SBP). The revised rate of profit on various saving scheme will be applicable on April 24, 2020. The SBP has reduced the policy rate to 9 percent after revising downward the rate by ... Read More »

Covid-19 measures taken on Customs Today report & FPCCI-KCAA call; NBP branch to open on Saturdays

KARACHI: With joint efforts of FPCCI Vice President Khurram Aijaz and Karachi Customs Agents Association (KCAA), Customs Department fully implemented proper measures to ensure social distancing at Customs House Karachi and inside the National Bank of Pakistan (NBP) branch to avoid spread of Covid-19. Customs Today reported yesterday morning at 9am about huge rush in the building even after directives ... Read More »

COVID-19; Sindh waives off multiple taxes for three months

KARACHI: The government of Sindh on Thursday announced to waive off multiple taxes for three months as part of its relief to the people amid the coronavirus-hit economy. The provincial government “has exempted payment of property tax, professional tax, motor vehicle tax, and entertainment duty for a period of 3 months from 1st April to 30th June, 2020”, Sindh government ... Read More »

KPT directs to implement free period from 5 days to 15 days

KARACHI: Karachi Port Trust (KPT) directed to implement decision regarding implementation of free period from 5 days to 15 days with immediate effect. A letter addressed to president, Karachi Chamber of Commerce and Industry (KCCI), All Pakistan Customs Agents Association, All Pakistan Shipping Association, Karachi Customs Agents Association, Pakistan Ships Agents Association, and Karachi Export Processing Zone and  secretary, Pakistan ... Read More »

M/s Byco Petroleum files petition challenging recovery notice

KARACHI: M/s Byco Petroleum Private Limited has approached the Sindh High Court (SHC) against deposit of pay order for purported recoverable amount of Rs 552,688 million as sales tax and petroleum levy on HSD issued by high officials of Federal Board of Revenue. On 22 April 2020, counsel for the petitioner submitted a constitutional petition and argued that petitioner is ... Read More »

M/s Tuwairqi Steel Mills moves SHC against freezing bank account

KARACHI: M/s Tuwairqi Steel Mills Limited (TSML) has approached the Sindh High Court (SHC) against seizing its bank accounts in the garb of show cause notice for recovery of Rs184,027,206 issued by Federal Board of Revenue . On 20 April2020, counsel for the petitioner stated in his petition that petitioner is engaged in lawful business and always fulfils all the ... Read More »

Current account deficit drops by 74pc in nine months: SBP

KARACHI: The current account deficit in first nine months of the fiscal year dropped by 74 %, the State Bank of Pakistan (SBP) reported. According to details, the current account deficit in March stood around six million dollars and was 2.768 billion dollars during July 2019 to March 2020. Comparatively, the current account deficit during July 2018 to March 2019 ... Read More »

Customs House Karachi follows proper social distancing after coverage by Customs Today

KARACHI: Customs Department has ensured proper measures and social distancing at Customs House Karachi and inside the National Bank of Pakistan (NBP) branch there to avoid spread of Covid-19, after Customs Today reported this morning at 9am about huge rush in the building even after directives issued by the high-ups. After Customs Today news got viral on social media and ... Read More »

Covid-19 disaster: Huge rush at Customs House Karachi puts lives of Customs Officials at risk

KARACHI: A large number of customs officials, agents and public is seen at Customs House Karachi even during Covid-19 disaster. Attendance at Customs House Karachi should have been kept minimal for 3-4 weeks to avoid further spread of Coronavirus among Customs officials who are lifeline of the economic activity in the country. According to details, a PRAL employee Imran Khan ... Read More »

Work redistributed among 12 Appraising Officers at Port Qasim

ISLAMABAD: Assistant Collector Headquarters Tariq Hussain redistributed work among 12 appraising officers at Port Qasim Collectorate with immediate effect. Appraising Officers include: Haris Ahmed Khan, Wasiullah Sheikh, S. Raza Abbas, Muhammad Nadeem, Ashfaque-ur Rehman, Bashir Ahmed Seehar, Gohan Hussain, Raja Shakeel Ahmed, Khaleequr Rehman, Safdar Zaman Munnan, Maqsood Ahmed and Taha Sher Behan.   Read More »

SBP confirms receipt of $1.39b in IMF aid for fight against coronavirus

KARACHI: State Bank of Pakistan on Wednesday confirmed it had received US$1.39 billion from the International Monetary Fund (IMF) under the Rapid Financing Instrument to address the economic impact of the coronavirus. “SBP has received $1.39bn under Rapid Financing Instrument by the IMF,” said the central bank in a statement on Twitter. Pakistan has recorded over 200 deaths and experts ... Read More »

Customs ASO recovers huge quantity of smuggled goods from Bolton Market

KARACHI: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) recovered huge quantity of non-duty paid goods during successful operations in the last four days. According to sources, Collector Preventive Saquif Saeed received credible information that huge quantity of smuggled goods had been dumped at warehouses in Chati Lane Bolton Market. He immediately constituted anti-smuggling squad who conducted a successful raid at ... Read More »

SHC rejects Khurshid Shah’s bail plea in assets case

KARACHI: Sindh High Court on Wednesday has rejected the bail plea of Khurshid Shah in assets beyond income case. While announcing the reserved verdict, the court has also turned down the bail plea of Shah’s son MPA Farukh Ahmed Shah. However, other accused in the reference have been granted bails. On Sept 18, the NAB arrested Syed Khursheed Shah in ... Read More »

FPCCI VP Khurram Aijaz plays key role to get 15 free days period at ports by KPT

KARACHI: In view the hardship being faced by businesses due to Covid19, Karachi Port Trust (KPT) has allowed 15 working days as free period instead of 5, applicable from 25 March to 30 April, 2020. FPCCI Vice President Khurram Aijaz played important role to get this relief for importers and traders. FPCCI Vice President Khurram Aijaz in his letter on ... Read More »