Tuesday , February 25 2020
Breaking News
Home / Karachi (page 30)

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

NAB Court declines physical remand of Iqbal Z. Ahmed in mega money laundering case

KARACHI: Administrative Judge of National Accountability Bureau (NAB), Karachi declined the request for physical NAB custody of accused Iqbal Z Ahmed, than Chief Executive Officer of M/s Jamshoro Joint Venture Limited (JJVL) and gave transit remand for September 07 for produce him before proper court having jurisdiction. Who was alleged involved in mega money laundering scam. On September, 05, 2019, ... Read More »

SHC seeks reply on bail petition filed by Kamran Michael

KARACHI: The Sindh High Court (SHC) directed NAB officials and prosecutor for NAB to provide copy of documents to counsel for suspects namely Kamran Michael, former federal minister for ports and shipping and others, who have been arrested for illegal allotment of KPT lands, getting huge bribe money and corrupt practices. On September 5, 2019, a two-member bench, headed by ... Read More »

DG Valuation revises customs values of ball, taper, needle, roller, spherical & cylindrical bearing VR No 1389/2019

KARACHI: Directorate-General Customs Valuation Director Shafiq Ahmad Latki has revised customs values of ball, taper, needle, roller, spherical and cylindrical bearing under Section 25-A of the Customs Act, 1969.   Read More »

Foreign exchange reserves up $9m

KARACHI: The State Bank of Pakistan’s (SBP) total liquid foreign exchange reserves increased to $8.280 billion as of Aug 30, up by $9 million, according to latest data released by the central bank. However, the reserves with the commercial banks decreased by $19.60m to $7.339bn bringing the country’s total reserves to $15.619bn. Read More »

Customs I&I recovers 2268 bottles of foreign whisky from consignment imported by Embassy of Syria

KARACHI: Directorate of Customs Intelligence and Investigation (I&I) team recovered 2268 bottles of foreign whisky from consignments declared to contain food stuff imported by Embassy of the Syrian Arab Republic Islamabad. According to the details, Director I&I Irfan Javed received credible information regarding smuggling of liquor in the garb of diplomatic goods, as Customs I&I blocked a number of consignments ... Read More »

SHC issues notice to M/s U-Trade Logistics Pvt Ltd on SCRA filed by Appraisement West

KARACHI: The Sindh High Court (SHC) issued notice to M/s U-Trade Logistics Pvt Ltd on several special customs reference applications filed by the collector of Customs through additional collector of Customs (Law) Appraisement West challenging impugned orders of appellate tribunal against M/s U-Trade Logistics Pvt Ltd. On September 04, 2019, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was ... Read More »

NAB arrests Iqbal Z. Ahmed in Rs 100 billion money laundering case

KARACHI: National Accountability Bureau (NAB) has arrested Iqbal Z. Ahmed, Chairman and Co. founder of Associate Group, CEO M/s JJVL and M/s Lub Gas (Pvt) Ltd and others, in a mega money laundering case. Sources said Chairman NAB Justice Javed Iqbal issued arrest warrant of the accused and DG NAB Karachi Brig (R) Farooq Naser Awan was following the case. ... Read More »

SHC seeks reply on petition filed by M/s Dua Industries & M/s Maya Corporation

KARACHI: The Sindh High Court (SHC) directed customs department and deputy attorney general to file their comprehensive para wise comments on a constitutional petition filed by M/s Dua Industries and M/s Maya Corporation against detention of imported consignments of polyester filament yarn. On September 3, 2019, a two-member bench, comprising Justice Aqeel Ahmed Abbasi heard the matter. During the hearing, ... Read More »

Customs Court approves charge sheet against M/s Qaari Traders & M/s Impex International

KARACHI: The Customs Court issued non bail-able warrants against absconding suspects Muhammad Waqar, proprietor of M/s Qaari Traders Karachi, Farasat Ali, proprietor of M/s Impex International, Imran Khan, director of M/s Saif-ur-rehman, Nisar Ahmed and Nasir Khan who were allegedly involved in mega mis-declaration scam. On September 3, 2019, investigation officer submitted charge sheet against the above mentioned and other ... Read More »

Director Valuation revises customs values of Polyester Filament Yarn vide VR No 1387/2019

KARACHI: Directorate-General of Customs Valuation Director Shafiq Ahmad Latki has revised customs values of Polyester Filament Yarn under Section 25-A of the Customs Act, 1969.   Read More »

SHC grants protective bail to ex-director of M/s Shaheen Air International

KARACHI: The Sindh High Court (SHC) granted protective bail to suspect namely Hoshing P. Sidhwa son of Masin G. Sidhwa, former director of M/s Shaheen Air International Ltd and booked for alleged commission of tax fraud by failure to deposit government dues amount to Rs955,050,000 deducted/ withheld from the customers/ passengers and has failed to e-file sales tax returns till ... Read More »

Customs Court issues notices on pre-arrest bail petition filed by Director of M/s Usman Trading Co & others

KARACHI: The Customs Court issues notices to customs department and special prosecutor of customs on pre-arrest bail petitions filed by suspects namely Chaudhary Atif Shahzad Ahsan, partner of M/s Usman Trading Co and Fazal-ur-Rehman, director/ partner of M/s Z.S. Logistic Pvt Ltd who are booked in a case of attempting to evade Rs11.39 million to the national exchequer. On September ... Read More »

PIA announces 10pc discount on Defence Day

KARACHI: Pakistan International Airline (PIA) on Tuesday announced discounted airfare for passengers on Defence Day. The national carrier announced that passengers will be able to avail 10 per cent discount on domestic routes if they travel on September 6. Earlier in 2018, PIA offered fare discounts of 20% to senior citizens, aged 65 or above, on flights from and to ... Read More »

SHC gives Qaim Ali Shah clean chit in illegal land allotment case

KARACHI: The Sindh High Court (SHC) on Tuesday declared former chief minister of the province Syed Qaim Ali Shah innocent in a case pertaining to the illegal allotment of 94 acres of land in Malir. The verdict was announced after the National Accountability Bureau (NAB) prosecutor’s found no evidence against Shah and decided to close the inquiry. NAB says not ... Read More »

Metal exports increase 126.62pc: SBP

ISLAMABAD: The exports of base metals and articles from the country grew by 126.62 percent during the first month of current financial year (2019-20) as compared to the corresponding month of last year. During the month of July, 2019, the export of base metals and its articles  was recorded at $77.331 million against $34.123 million exports recorded  during the same ... Read More »

Customs Port Qasim collects 3pc higher revenue against assigned target

KARACHI: Collectorate of Customs Port Muhammad Bin Qasim (PMQA) collected additional revenue during the month of August 2019. According to the details, Customs Collectorate Port Muhammad Bin Qasim (PMQA) has achieved its total revenue target for the month of August, 2019, the total collection for the month August of 2019 stood at Rs55.914 billion of rupees against the monthly target ... Read More »

M/s Pak Telecom Mobile moves SHC against detention of its consignment

KARACHI: M/s Pak Telecom Mobile Limited approached the Sindh High Court against detention of a consignment comprising “directional, antenna with accessorize and “RRU with Huawei International PTE Ltd seized by customs officials due alleging mis-declaration. On August 30, 2019, counsel informed the court that his petitioner has undertaken import of telecommunication equipment containing “directional, antenna with accessorize and “RRU with ... Read More »

M/s Qureshi Enterprises moves SHC seeking release of milk powder consignment

KARACHI: M/s Qureshi Enterprises filed a constitutional petition before the Sindh High Court (SHC) seeking consignment of coconut cream milk powder detained by customs officials due to non-printing of retail price and detail of ingredients in Urdu. On August 31, 2019, counsel argued in his petition that his client has imported Satan Instant Coconut Cream Milk Powder which are also ... Read More »

PM Khan orders crackdown against benami property holders in Sindh

KARACHI: Prime Minister Imran Khan has ordered a crackdown against individuals who own benami properties in Sindh, according to media on Monday. In this regard, Chief Secretary Sindh has summoned an important meeting of the Commissioners and the Deputy Commissioners today to form a strategy in this regard. It was also learnt that lists are being prepared to identify individuals ... Read More »

Qul of late Ghulam Ashrafi will be held tomorrow

KARACHI: Chief Executive Officer (CEO) of Gunj Buksh Clearing Agent Ghulam Muhammad Ashrafi who died due to brain hoemorrhage on early Sunday was laid to rest in Orangi Town graveyard. He was 75. He left behind ten children to mourn his death. Late Ghulam Muhammad Ashrafi was born in India in 1924  He migrated from India to Pakistan in 1974. During ... Read More »