Saturday , May 30 2020
Breaking News
Home / Karachi (page 593)

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

Reduce forex cap to $3,000 for travellers: Customs suggests SBP

KARACHI: Pakistan Customs has urged the State Bank of Pakistan to change the regulations on taking out foreign currency abroad by an individual and has suggested the SBP to reduce it to $3,000 from $10,000 or cap an amount of $25,000 per annum to a person. According to Collector Model Customs Collectorate (MCC) Preventive S M Tariq Huda, the passengers, ... Read More »

APTMA urges India to open its market to Pakistani goods

KARACHI: All Pakistan Textile Mills Association (APTMA) Chairman Yasin Siddique has urged the Indian authorities to remove non-tariff barriers (NTBs) to boost bilateral trade between the two neighbouring countries. Speaking while welcoming the 15-member delegation of Indian journalists led by Mumbai Press Club President Gurbir Singh at APTMA house, Siddik said that Pakistan’s business community has welcomed the most-favoured nation ... Read More »

Customs, LEAs join hands against smugglers

KARACHI: A joint operation has been launched against illegally-constructed petrol pumps along with the Northern Bypass in order to comply with the directives of Supreme Court regarding the joint efforts against smuggled and contraband goods. This was revealed by Collector Model Customs Collectorate (MCC) Preventive S M Tariq Huda while addressing a press conference at Custom House. Apprising the details ... Read More »

Pakistan Customs seizes smuggled goods worth Rs205m in 24 days

KARACHI: The economy of the country has borne a revenue loss of Rs20 billion due to smuggling of petroleum, oil and lubricants (POL) products. This was revealed by Chief Collector Enforcement (South) Muhammad Yahya while addressing a press conference at Customs House, Karachi. Muhammad Yahya said that the Enforcement is going towards a right direction and a Rapid Deployment Force ... Read More »

Operation against drug smuggling launched

KARACHI: Anti Narcotics Force (ANF) has launched Operation ‘Umeed-e-Nau’ against drug trafficking activities. FC Brig Muhammad Abuzar said this while addressing a press conference here at ANF Regional Directorate, Karachi. He informed the media that ANF with the help of other law-enforcement agencies (LEAs) has conducted total 93 raids in which 57 have been conducted in Karachi. “During the raids, ... Read More »

Customs assures garments exporters of clearing rebate claims

KARACHI: Pakistan Customs has vowed to refund the garments exporters’ stuck up claims against rebate as soon as possible. Customs officials pledged this in a meeting with the delegation of Pakistan Readymade Garments Manufactures and Exporters Association (PRGMEA) at Customs House. MCC Port Qasim Collector Agha Shahid Majeed and Collector Exports Dr Wasif Memon also assured the exporters of addressing ... Read More »

No room for corrupt officers in FBR: Bajwa

KARACHI: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has warned the Customs officials that there is ‘no room’ for the corrupt officials in FBR. FBR Chairman said this while discussing different matters pertaining to revenue generation, target achievements and missing containers with the high officials during the visit to Customs House, Karachi. Tariq Bajwa asked the officials concerned to ... Read More »

FBR to present details of imported arms in SC: Yahya

KARACHI: Chief Collector (South) Enforcement Muhammad Yayha said that Federal Board of Revenue (FBR) has collected all the relevant details and record of the imported arms and ammunition for last three years in order to present it in the next hearing of missing containers case in Supreme Court, Karachi Registry on November 25 (Monday). Muhammad Yahya while Talking to Customs ... Read More »

Missing containers case: FBR chief to appear before SC on Nov 25

KARACHI: FBR Chairman Tariq Bajwa will appear before Supreme Court’s Karachi Registry on Monday in missing containers case. Sources told Customs Today that the high officials of Pakistan Customs were busy in collecting the data of arms imported in last three years to follow the orders of the apex court. The sources further said that the FBR chief had clear ... Read More »

Customs seizes 60,000 litres smuggled Iranian diesel

KARACHI: Pakistan Customs has seized two launches carrying smuggled Iranian diesel worth millions of rupees from the open sea. Each launch was carrying 30,000 litres of diesel and the total quantity of diesel is 60,000 litres. Both the launches have been seized along with the diesel. Read More »

Pakistan Customs adhering to policy of ‘zero tolerance against tax evasion’

KARACHI: Pakistan Customs is strictly following the directives of Federal Board of Revenue (FBR) and fully adhering to the policy of “zero tolerance against tax evasion”. This was stated by Collector Model Customs Collectorate (MCC) Appraisement-West Muhammad Saleem while talking to Customs Today at his office in Customs House, Karachi. Collector MCC-Appraisement (West) informed that Pakistan Customs has evolved a ... Read More »

Govt to expand fishing business, exports: Michael

KARACHI: Federal Minister for Ports and Shipping Kamran Michael has said that the government is evolving a fresh fisheries policy with a clear view to augment export of the country’s key seafood products especially tuna and shrimp species. Being the chief guest at a seminar on Promoting Rights Based Approaches for Fishermen, jointly organised by WWF-Pakistan and Marine Fisheries Department ... Read More »

Karachi business community suggests railway track for ATT

KARACHI: Prominent figures from Karachi’s business community including former President of Karachi Chamber of Commerce and Industry (KCCI), and former Chairman of Sindh Board of Investment (BoI) have suggested that all cargo coming under Afghan Transit Trade (ATT) should be dispatched to Afghanistan through freight trains. Former Sindh BoI chairman Muhammad Zubair said that previously Pakistan Railways was pushed back ... Read More »

Police again ‘confiscate’ containers to block roads

KARACHI: Police and law enforcement agencies have once again ‘confiscated’ containers and heavy vehicles from the transporters to block the main roads in the backdrop of countrywide protests against the Rawalpindi incident. The confiscation of containers and other heavy vehicles causing troubles to the importers, exporters and transporters, and also halted trade activities in the country. In Karachi, the roads ... Read More »

MCC’s unique electric boat left defunct for years

KARACHI: ‘Barbarossa’, an electric boat with unique name and efficiency had been left defunct at ‘Ghans Bandar’ for almost 20 years. The boat Barbarossa had been included in the fleet of the Model Customs Collectorate (MCC) Preventive in 1989 and after passing few years it had been non-operational for Pakistan Customs. One of the senior officials in MCC Preventive told ... Read More »

BLA may be involved in kidnapping of Customs officials: Sources

KARACHI: The involvement of Balochistan Liberation Army (BLA) could not be ruled out in the abduction of six Customs officials, as they were involved in such illegal activities and crimes in same area in the recent past, sources said. Pakistan Customs sources told Customs Today that soon after the incident the law enforcement agencies started search operation to recover these ... Read More »

IATF meeting discusses strategy to curb menace of smuggling

KARACHI: An important meeting of the Inter Agency Task Force (IATF) was held at Regional Directorate of Anti Narcotics Force (ANF), Clifton, Karachi as a part of Operation “Umeed-e-Nau”, which was chaired by Frontier Constabulary (FC) Brig Muhammad Abuzar of ANF, Karachi. The meeting was also attended by the Deputy Director General, Headquarters Pakistan Rangers, Sindh; the Director General, Headquarters ... Read More »

Customs House to remain open on Saturday

KARACHI: Customs House and all related offices of Federal Board of Revenue (FBR) shall remain open on Saturday (November 23). According to the notification issued by FBR, importers and exporters can deposit their taxes and duties on Saturday. The decision has been taken due to four consecutive holidays last week. Karachi Chambers of Commerce and Industry (KCCI), Karachi Customs Agents ... Read More »

Customs valuations of different chemicals issued

KARACHI: The Directorate General of Customs Valuation has determined the Customs values of chemicals in the Valuation Ruling (VR) No. 609/2013 under Section 25-A of the Customs Act, 1969. The department has issued the Valuation Ruling of around 26 chemicals including Boric Acid having PCT 2810.0020, proposed PCT for WeBOC is 2810.0020.1000 and Customs Values (C&F) at $0.90 per kilogram ... Read More »

Online taxpayers in worry

KARACHI: The government has granted exemption to the taxpayers having an annual income of less than one million rupees. However, it has not yet been updated on FBR’s official website due to which the taxpayers are facing problems in filing their income tax returns. FBR’s official website is not accepting income tax returns without wealth statement which is not required ... Read More »