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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

Coronavirus fears: Govt imposes ban on smoking in public transport

KARACHI: With 15 confirmed coronavirus cases in Sindh, the provincial government on Saturday imposed a ban on smoking in intra-city buses. The Sindh transport minister Awais Qadir Shah, in a statement, has said that besides smoking, there will be a complete ban over accomodating more passengers in buses than its capacity. The transport minister has advised passengers to avoid shaking ... Read More »

Customs Court rejects after arrest bail of suspects in HSD oil smuggling scam

KARACHI: The Customs Court dismissed after arrest bail petitions of Muhammad Ishaq, Muhammad Yousuf, Imran-ur-Rahman, Shahbaz Khan, Maaz Bin Jawad, Muhammad Junaid and Syed Tariq Ali Shah, who were booked in a case of attempting to smuggle huge quantity of non-duty paid HSD oil and other contraband goods. It needs to be pertained that on last date of hearing court ... Read More »

SHC seeks report about leakage of toxic gas in near Keamari Town

KARACHI: A division bench of Sindh High Court (SHC) directed federal and provincial governments to submit concrete and final report causes should be mentioned that what was the cause of leakage of toxic gas alleged from inside Karachi Port Trust (KPC) area or Keamari Town. On 11 March 2020, a two-member bench, headed by Justice Muhammad Ali Mazhar was hearing ... Read More »

CDNS achieves revenue collection target of Rs150b

KARACHI: The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs150 billion by March 10 of fiscal year 2019-20. The CDNS has set Rs352 billion annual collection target for the year 2019-20 as compared to Rs324 billion for the previous year’s 2018-19 to enhance savings and promoting saving culture in the country, senior official of CDNS ... Read More »

Novel coronavirus: Visitors of Customs House advised to avoid long sit-ins

KARACHI: Collectorate of Customs Appraisement & Facilitation (West) Deputy Colector Ali Mohtashim Minhas has issued a circular advising visitors to avoid unnecessary long sit-ins at visitor’s areas due to outbreak of novel coronavirus. The circular issued in this regard read “owing to the probable outbreak of novel coronavirus, public visiting Customs House is advised to avoid unnecessary long sit-ins at ... Read More »

RTO-II collects Rs670m IT through debit, credit cards foreign transactions

KARACHI: Federal Board of Revenue (FBR) Regional Tax Office (RTO)-II collected Rs670 million as income tax from foreign transactions through debit or credit card during eight months of current fiscal year. The RTO-II collected only Rs83 million in the corresponding period of the last fiscal year. The collection of withholding tax was introduced through Finance Act, 2018 and it was ... Read More »

SHC seeks remarks on petition filed by M/s H.H Enterprises

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials and deputy attorney general on a petition filed by M/s H.H Enterprises against enhancement of valuation of its imported consignments. While hearing of the petition, on March 11, 2020, a two-member bench, headed by Justice Aqeel Ahmed Abbasi directed them to file their respective para wise comments on ... Read More »

M/s Aqtra approaches SHC against enhancement of valuation of black pepper

KARACHI: M/s Aqtra approached the Sindh High Court (SHC) and filed a petition challenging enhancement of valuation of imported consignments of black pepper from $1.00 per kg to $2.30 per kg. On 10 March 2020, during the hearing, counsel for the petitioner stated that petitioner is seriously aggrieved and highly prejudiced by the actions of the respondents, whereby the respondents ... Read More »

NAB expedites inquiry against Habibullah Khan and 65 officials of QICT, Maersk in multi-billion scam case

KARACHI: The National Accountability Bureau (NAB) is said to have expedited inquiry against Habibullah Khan, alleged owner of the Qasim International Containers Terminal (QICT) and other 65 officials of QICT and Maersk, in country’s biggest ports and shipping scandal. According to details, the inquiry was approved by the NAB’s Executive Board meeting held under the Chairmanship of Justice (r) Javed ... Read More »

Customs Court takes FIR into record against suspects in sweet supari smuggling case

KARACHI: Collectorate of Customs Preventive submitted first information report (FIR) against absconding suspects namely Muhammad Amin, Khan Nawab, Malik Abdul Ghani and Hussain who were involved in a case of attempting to smuggle non-duty paid crushed betel nuts and sweet supari. On 1p March 2020, investigation officer submitted that on actionable information, customs officials intercepted an ISUSU truck/ trawler bearing ... Read More »

Remittances posts 5.4pc growth during July-February

KARACHI: The workers’ remittances received during July – February 2019/2020 amounted to $15.126 billion recording an increase $770.7 million or 5.4 percent over remittances received during July – February FY1920 ($ 14,355.8 million), State Bank of Pakistan (SBP) said on Tuesday. Workers’ remittances during February 2020 amounted to $ 1,824.3 million recording a decrease of $ 83 million or 4.4 ... Read More »

Financial inclusion of women vital for economic growth: Reza Baqir

KARACHI: State Bank of Pakistan (SBP) Governor Dr Reza Baqir, while seeking concerted efforts for economic empowerment of women in the country, particularly emphasized the need to encourage them to hold active bank accounts. Addressing the “CEO Summit Asia 2020” organized by CEO Club Pakistan and Management House, he mentioned that only 15 per cent of the adult female population ... Read More »

M/s Malawi Enterprises approaches SHC seeking restraining order for auctioning of fabric

KARACHI: Muhammad Shariq, proprietor of M/s Malawi Enterprises approached the Sindh High Court (SHC) seeking restraining order for auctioning of alleged Indian Origin fabric. On 9 March 2020, counsel for the petitioner argued in his constitutional petition that during adjudication and without any order in field, the goods of the petitioner are being auctioned, meaning thereby that it has been ... Read More »

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 »