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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 rejects bail of 3 suspects booked in smuggling of vehicles

KARACHI: The Customs Court dismissed after arrest bail of suspects namely Abid Ashraf, Shams-ur-Rahman and Amash Shahid and sent them back to jail, who were booked in Toyota Hilux Surf jeep and alleged smuggling of heavy vehicles. On October 14, 2019, investigation officer of Anti-Smuggling Organization (ASO) submitted interim charge sheet against them and informed that during the investigation, it ... Read More »

Director Irfan Javed’s Customs I&I foils bid to smuggle goods worth Rs102m

KARACHI:  Directorate of Customs Intelligence and Investigation (I&I) team foiled an attempt to smuggle huge quantity of non-duty paid goods and registered a cases against M/s A-One Steel, M/s Royal Steel, M/s New Aijaz Engineering and others for smuggling of galvanized steel coils (secondary quality) and causing big revenue loss to the national exchequer. According to sources, Director Irfan Javed ... Read More »

Customs Court approves interim charge sheet against M/s China Gift Centre & others

KARACHI: The Customs Court accepted interim charge sheet against Muhammad Idress son of Malik Abdul Majeed, proprietor of M/s China Gift Centre, Muhammad Hamza, Muhammad Idress, Muhammad Ali, Muhammad Yasin, Qaiser Abbas, Muhammad Ahsan and others, who are booked in a case of mis-declaration of goods in respect of description, PCT heading and quantity. On October 12, 2019, investigation officer ... Read More »

Mis-declaration: Appraisement West submits FIR against M/s Eastern Rags, M/s Aftab Alam

KARACHI: Collectorate of Customs Appraisement West submitted first informed report (FIR) before the Customs Court against suspects namely Irfan Bhatti, proprietor of M/s Eastern Rags, Sarfaraz Alam, proprietor of Aftab Alam, Adeel Arshad and others, who were nominated in a case of mis-declaration of description, weight, quantity and value. On October 11, 2019, investigation officer informed the court that a ... Read More »

NAB Court issues non-bailable arrest warrants of Agha Siraj Durrani’s family

KARACHI: An accountability court on Saturday issued non-bailable arrest warrants for Sindh Assembly Speaker Agha Siraj Durrani. During today’s proceedings, the court ordered to speed up the trail against Durrani, who was arrested by National Accountability Bureau (NAB) earlier this year in cases pertaining to illegal appointments, accumulating assets beyond means. The court said that if the fugitives were not ... Read More »

SHC issues notice to NAB on bail petition filed by Iqbal Z Ahmed, CEO of M/s PGPCL

KARACHI: A division-bench comprising Chief Justice Ahmed Ali M Shaikh and Justice Umer Sial issued notices to director general NAB and special prosecutor for NAB department on after arrest bail petition filed by Iqbal Z Ahmed of Pakistan Gas Port Consortium Limited, who is confined in jail due to involvement in money laundering scam before Islamabad NAB Court including Asif ... Read More »

SHC seeks reply on petition filed by 21 importers against VR No 1390/2019

KARACHI: The Sindh High Court (SHC) issued notices to customs department and deputy attorney general on a petition filed by 21 importers including M/s Afzal International and others against valuation ruling no: 1390/2019. On October 10, 2019, a two-member bench, headed by Justice Aqeel Ahmed Abbasi heard the matter. During the hearing, counsel for the petitioners argued that they are ... Read More »

Chairman FBR decisions visibly increased revenue collection: Governor SBP

KARACHI: State Bank of Pakistan (SBP) Governor Dr Raza Baqir on has said that the administration is making efforts to promote bank sectors. According to the details, while addressing a seminar regarding economic challenges, Governor State Bank of Pakistan (SBP) Dr Raza Baqir announced that the system is being converted to digitization which is an easy and documented solution. He ... Read More »

SHC calls comments on petition against detention of imported consignments

KARACHI: The Sindh High Court (SHC) directed customs department and deputy attorney general to file their respective para wise comments on a petition filed by M/s A.H Pirani Enterprises and M/s Diamond Impex Corporation against detention of their imported consignments of PVC Tape log rolls due to disputed valuation. On October 9, 2019, a two-member bench, headed by Justice Aqeel ... Read More »

Customs Court sends suspect on physical remand involved in HSD oil smuggling

KARACHI: The Customs Court sent suspect namely Nakhuda Jamshad son of Abdul Qadir on physical remand who is booked in a case of attempting to smuggle non-duty paid 7000 liters Iranian origin high speed diesel through launch. During the hearing, investigation officer produced the above mentioned suspect before the court and informed that on an actionable information, high officials of ... Read More »

NAB launches probe against Sindh police

KARACHI: The National Accountability Bureau (NAB) has launched a probe against the Sindh police and has sought records from 96 police officers. According to details, NAB, after launching an inquiry against Sindh Police, has sought details of the money paid to the Shaheed police officer. The letter directed all concerned officers to appear before the investigation team. NAB is seeking ... Read More »

M/s Noor Petroleum approaches SHC against detention of consignment

KARACHI: M/s Noor Petroleum Associates approached the Sindh High Court (SHC) against detention of its consignment of 250 MT of Chloroform chemical imported in bulk and alleged enhancement of valuation under the garb of valuation ruling no 1311/2018. On 7 October 2019, counsel for the petitioner stated that petitioner imported consignment of 250 MT of Chloroform chemical in bulk and ... Read More »

Customs Court approves after arrest bail of suspects in smuggling case

KARACHI: The Customs Court granted after arrest bail to suspects Muhammad Sabir and Rafeeq in a case of attempting to smuggle non-duty paid 10,896 liters high speed diesel. On 7 October 2019, counsel for accused moved petitions for after arrest bail and argued that his clients are innocent and have been falsely implicated in this case, as they are ready ... Read More »

Hyundai to begin local production in Pakistan from Jan 2020

KARACHI: Hyundai Nishat Motors Private Ltd (HNMPL) – a joint venture company between Nishat Group, Sojitz Corporation (Japan) and Millat Tractors Limited – on Wednesday announced to start local assembly of Hyundai H-100 cabover truck from January, 2020, with 20 percent level of localisation. HNMPL also unveiled its ‘Hyundai Ioniq Hybrid car’ while inaugurating its digital showroom at the Emerald ... Read More »

M/s Noorani Agency approaches SHC for issuing orders on acquittal petition

KARACHI: Muhammad Irfan of M/s Noorani Agency approached the Sindh High Court (SHC) and submitted petition for deciding his petition for acquittal under section 265k Cr. Pc booked in NAB reference for mega sales tax refund scam. On 7 October 2019, counsel for the petitioner stated that petitioner was employed with M/s Noorani Agency as outdoor clerk, his boss asked ... Read More »

Anti-Corruption East unearths fake housing scheme in name of Bilawal Bhutto

KARACHI: A fake housing scheme running in the name of Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto-Zardari was revealed today (Oct. 8) while Anti-Corruption East conducted a raid and arrested one of the accused. According to Deputy Director Anti-Corruption East Zamir Abbasi, they raided the office of Bhutto Welfare Housing Society after receiving several complaints regarding the fake scheme and ... Read More »

Customs Court approves remand of suspect in betel nuts smuggling case

KARACHI: The Customs Court sent suspect namely Waqas Noor to customs department on physical remand in a case of attempting to smuggle non-duty paid betel nuts. On 7 October 2019, investigation officer of Intelligence and Investigation FBR submitted first information report (FIR) and also produced the above-mentioned suspect and informed that on an actionable information, customs officials intercepted Toyota Hilux ... Read More »

NAB seeks re-issuance of Liaquat Qaimkhani’s arrest warrants

ISLAMABAD: A formal request for re-issuance of former director general of parks and horticulture in Karachi, Liaquat Ali Khan Qaimkhani’s arrest warrant has been sent to National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal for approval. According to details, the authorities have decided to interrogate Qaimkhani, who is already under-custody, regarding ownership of expensive cars and dozens of plots. ... Read More »

SHC orders strict action against sellers of gutka

  KARACHI: The Sindh High Court (SHC) on Tuesday ordered cases to be registered against those selling gutka under Section 337-A (shajjah, intentionally causing hurt) of the Pakistan Penal Code. During the hearing of a petition against the use of mainpuri and gutka by a two-member SHC bench headed by Justice Salahuddin Panhwar, petitioner Advocate Muzammil Mumtaz had argued against ... Read More »

Plan to change law for the rich Sohail?

KARACHI: Some junior customs officials have allegedly planned to change law for the rich Sohail Shams, CEO of M/s United Marine Agencies (UMA) who is said to be involved in a huge scam of clearing 930 consignments through mis-declarations, causing heavy loss to the national exchequer. Sources have informed Customs Today that some junior customs officials have planned to delete ... Read More »