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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

MCC-Appraisement (East) collects Rs16.387bn in January

KARACHI: Model Customs Collectorate (MCC) of Appraisement (East) has collected revenue of Rs 16.387 billion in share of customs duty, sales tax, income tax and federal excise duty in the month of January. According to details, MCC-Appraisement (East) has collected a sum of rupees Rs 4663.91 million in share of customs duty against FBR’s set target of Rs 5057.76 million. ... Read More »

ANF foils smuggling bid, seizes 1kg heroine

KARACHI: Anti-Narcotics Force (ANF) has foiled an attempt of smuggling heroine from Jinnah International Airport. According to details, an ANF team headed by Assistant Director (Drug Demand Reduction) Muhammad Rehan Dar arrested a passenger at the airport who was trying to smuggle one kilogram of heroine from Karachi to Dubai. An ANF spokesman said, “1 kg heroin was found from ... Read More »

Collection of customs duty stands at Rs19b in January

KARACHI: Collection of customs duty on imported items is reportedly low against the target set by FBR due to lesser imports. This has in turn affected the overall revenue collection during fiscal year 2013-14. Collection of customs duty was Rs 19 billion in January 2014 against Rs 18 billion in January 2013. In the period from July to January in ... Read More »

UNODC, Norway laud track record of seizures by Pakistan Customs, ANF

KARACHI: United Nations Office on Drugs and Crime (UNODC) and the Embassy of Norway in Pakistan have presented the results of the Container Control Programme (CCP) in a press conference here. John Sandage, the Director of Treaty Affairs, UNODC, Headquartered in Vienna, and the Norwegian Ambassador to Pakistan Cecilie Landsverk have welcomed the success of country’s law enforcement officials in ... Read More »

Senate body seeks report from PQA on land allottments

KARACHI: Senate Standing Committee on Ports and Shipping has directed the authorities at Port Qasim to submit a detailed report within three weeks regarding certain irregularities which it noted in land allotments at the industrial zones of the port. During the meeting at Port Qasim, committee was led by its Chairman Sardar Fateh Muhammad Hasni. Other members attending the meeting ... Read More »

Taxpayers’ directory: FBR scrutinising businessmen returns

KARACHI: The Federal Board of Revenue (FBR) is examining income tax returns filed by businessmen for putting their name in the proposed taxpayers’ directory,  scheduled to be published next month. The revenue body is scanning through the returns of leading business leaders for the tax year 2013 to ascertain how much they contributed as individual to the economy. The trade ... Read More »

Importers slam amount of penalty to release used cars from Karachi ports

KARACHI: Used cars importers have said that the penalty imposed by the Economic Coordination Committee (ECC) to release the cars stuck at the Karachi Port is not feasible. All Pakistan Motor Dealers Association (APMDA) Chairman H M Shahzad said, “We are pleased with the ECC for addressing the issue that was pending for the last four months but the decision ... Read More »

Clearance of stuck-up vehicles to start soon

KARACHI: In the wake of ECC decision to grant one-time waiver, the Pakistan Customs will start process of clearance of stuck-up used imported vehicles at ports once it receive the Finance Ministry notification. “Customs will start collecting duty taxes and surcharge on these stuck-up vehicles after it receive the ministry’s notification allowing the clearance,” confirmed Deputy/Assistant Collector, Model Customs Collectorate ... Read More »

FBR chairman asked to revise salaries of PRAL staffers

KARACHI: The Directorate of Reforms and Automation has sent a request to the Chairman Federal Board of Revenue (FBR) for reviewing the remuneration scale of the staffers working in PRAL Department of Pakistan Customs. The reliable sources informed Customs Today that the Project Director (PD) of the Directorate of Reforms and Automation on Jan 27 made a request to the ... Read More »

Customs values of almonds re-determined

KARACHI: Directorate General of Customs Valuation has re-determined the customs values of almonds under section 25-A of the Customs Act, 1969 through a Valuation Ruling No. 635/2014, which superseded the previous VR No. 604/2013 of almonds issued on November 4, 2013. According to details, customs value of almonds in shells (soft cover) from all origins excluding Iran and Afghanistan, having ... Read More »

ANF captures 150kg hashish, 14kg opium

KARACHI: The Anti-Narcotics Force (ANF), Karachi Region recovered 150-kg of hashish and 14-kg of opium in a search operation near Hub Chowki at Northern Bypass and arrested two drug peddlers. According to details, the accused identified as Rasool Bakhsh and Muhammad Qasim were attempting to transport the drugs in a jeep (BC-7374) from Noshki, Balochistan to Hyderabad. On a tip-off, ... Read More »

Seafood export to Middle East declines

KARACHI: Pakistan’s export of seafood to Middle East, particularly to Kuwait and United Arab Emirates has reduced by 40 per cent because of low catch and growing fishing cost. Sources said that fishermen have demanded the government to give subsidy on oil fuel to offset the growing expenses. Fall in fresh fish export has hit the country’s fisheries exporters since ... Read More »

Customs Day seminar: Appreciation certificates awarded to customs officers

KARACHI: The Pakistan Customs on Monday organized a seminar with the theme of “Communication, Sharing Information for better coordination at the Directorate General of Training and Research (DGTR) Building in connection with International Customs Day. Chief Collector Enforcement (South) Muhammad Yahya was the chief guest on the occasion, while Chief Collector-Appraisement (South) Nasir Masroor Ahmed, Collector MCC-Preventive Syed Muhammad Tariq ... Read More »

Int’I Customs Day: 1000s-kg drugs, contraband goods set on fire

KARACHI: The objective of celebrating International Customs Day is to exhibit the preparedness and determination towards eliminating crime and generating revenue while paying tribute to those who laid down lives for securing borders of the motherland. Today all institutions of the federal government, provincial government and armed forces stand by Pakistan Customs in its firm determination against all odds in ... Read More »

ST recovery: FBR moves against 44 ship-breakers

KARACHI: By invoking the enforcement provisions of Sales Tax Act, 1990, the Federal Board of Revenue has moved against 44 ship-breakers for the recovery of outstanding dues of sales tax. The Directorate General of Intelligence and Investigation Inland Revenue has provided list of these companies to Large Taxpayer Unit (LTU) Karachi and Regional Tax Offices (RTOs) to ensure the recovery. ... Read More »

Smuggling attempt thwarted at Port Qasim

RAWALPINDI: An attempt to smuggle over 70 kilograms of heroin has been foiled by the Anti-Narcotics Force (ANF). The illicit shipment was meant to be sent to Malaysia through a commercial consignment. Officials of ANF staff seized the consignment booked for the Malaysian port Klang and arrested five persons for their alleged involvement in the drug smuggling, said a spokesperson ... Read More »

General meeting of KCAA to be held on 29th Jan

KARACHI: Karachi Customs Agents Association (KCAA) is going to hold a general meeting of KCAA managing committee on January, 29 in the afternoon at Tulip Hall, Beach Luxury Hotel. According to sources, the KCAA managing committee is to hold meeting with an agenda to approve amendments in Article & Memorandum (bylaws) of KCAA as proposed by the Constitution/ Bylaws Committee. ... Read More »

Seminar on Int’l Customs Day to be held on 27th

KARACHI: Pakistan Customs will hold a seminar in connection with International Customs Day on 27th January (Monday) at the Directorate of Training and Research (DGTR) building adjacent to Custom House, Karachi. It is pertinent to mention here that the Model Customs Collectorate of Preventive on International Customs Day on January 26th will also hold a destruction ceremony of contraband items and narcotics ... Read More »

Forex reserves down by $149m

KARACHI: The country’s liquid forex reserves fell by $149 million during last week. According to State Bank of Pakistan’s weekly reserves report, the country’s total liquid reserves declined to $8.168 billion as on January 17, 2014 down from $8.317 billion on January 10, 2014. Over the past, the central bank’s liquid forex reserves decreased by $145 million to $3.322 billion ... Read More »

Minimal containers’ scanning at terminals despite directives

KARACHI: The three containers terminals in Karachi including Pakistan International Containers Terminal (PICT), Karachi International Containers Terminal (KICT) and Qasim International Containers Terminal (QICT) are reportedly unable to ensure 100 percent scanning of containers despite having directives from Pakistan Customs, it was learnt. According to sources, after discerning the possibilities of the clearance of lethal cargos (arms and ammunition) from ... Read More »