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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

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 »

Customs Court grants after arrest bail in contraband goods smuggling case

KARACHI: The Customs Court granted after arrest bail to suspects namely Naqeel Ullah S/o Aslam Khan and Sami Ullah S/o Ata Ullah against the surety of Rs 100,000 in a case of attempting to smuggle 54,863 liters high speed diesel worth Rs 7,022,464. On 6 March 2020, counsel for the applicant/accused appeared before the court and moved an application for ... Read More »

Hyderabad Customs to auction 18 NDP vehicles on March 11

HYDERABAD: Collectorate of Customs will hold auction of non-duty paid vehicles on March 11, 2020. Following vehicles will be presented for auction: Foreign origin non-duty paid vehicle Toyota Hilux Surf Jeep, bearing Reg. No. LEB-13-9976, Chassis No VZN185-9025060, HP-2928 Cc and Model-1999 as per registration documents. F/o NDP Toyota Land Cruiser, Reg. No JAC-538, Chassis No. KZJ171-0003200, HP-3000 Cc and ... Read More »

Gas leakage from Port Qasim factory lands 100 people in hospital

KARACHI: Multiple people have been hospitalised after a gas leak at the Engro Polymer and Chemicals Limited (EPCL) factory in Karachi’s Bin Qasim. Nineteen people were hospitalised at the Pakistan Steel Mills Hospital and 36 were taken to Jinnah Postgraduate Medical Centre. The hospital’s executive director, Dr Seemin Jamali, confirmed the cases and said they are all stable. An unspecified ... Read More »

FBR confiscates smuggled cigarettes worth Rs80m in SITE area

KARACHI: Federal Board of Revenue’s (FBR’s) Inland Revenue Enforcement Network (IREN) seized 1,290 cartons of cigarettes worth Rs80 million, on which duty was not paid, from a warehouse in SITE Area during a raid. According to the details, Director Intelligence and Investigation Inland Revenue Service Karachi (I&I IRS) Asem Iftikhar claimed that such a large amount of cigarettes, on which ... Read More »

Pakistan Customs to hold auction of imported vehicles on March 7

KARACHI: Pakistan Customs will hold auction of non-duty paid vehicles lying at Bay West, West Wharf Road, on March 7, 2020. Following vehicles to be presented for auction: Suzuki Escudo, Chassis No. TDA4W-271562, manufacturing year 2013, capacity 2400CC Toyota Aqua, Chassis No. NHP10-6450900, manufacturing year 2015, capacity 1500CC Toyota Passo, Chassis No. NGC30-0028061, manufacturing year 2015 capacity 1.3L Daihatsu Hijet, ... Read More »

FBR’s Anti-Benami Zone-III detects property located on Tariq Road

KARACHI: The Federal Board of Revenue (FBR)’s Anti-Benami Zone-III successfully detected another benami property worth billions of rupees in the most expensive area of Karachi. Sources told media that the Anti-Benami Zone-III Karachi has attached the two benami plots located on Tariq Road, Karachi and also issued the notices to benamidars namely Muhammad Yaseen and Kashif Hasan. The Anti-Benami Zone-III ... Read More »

SHC calls comments on petition filed by M/s R/H Enterprises against detention of fabrics consignment

KARACHI: The Sindh High Court (SHC) directed customs department and deputy attorney general of Pakistan to file their comments on a constitutional petition filed by M/s R/H Enterprises against detention of consignment of 498 rolls of textile fabrics weighing 13790 kg imported from New York. On 5 March 2020, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing ... Read More »

Customs Court seeks charge sheet of Tobacco smuggling case

KARACHI: The Customs Court directed investigation officer of Anti-Smuggling Organization to arrest and submit charge sheet against suspects namely Mirza Aurangzaib Baig son of Younus Baig and Muhammad Jawad son of Chand Hussain, who were involved in a case of attempting to smuggled non-duty paid tobacco worth Rs6,600,000. On 5 March 2020, investigation officer of Customs Preventive submitted first information ... Read More »