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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

SHC issues notices on petition filed by M/s TF Industries against enhancement of valuation

KARACHI: The Sindh High Court (SHC) issued notices to the customs department and deputy attorney general on constitutional petition filed by M/s TF Industries against enhancement of valuation of imported non-woven for diapers from $1.65 to $2.10 per kg. On 2 March  2020, a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter. During the hearing, counsel ... Read More »

SHC directs customs officials to act as per law on petition filed by M/s Deezina Textile

KARACHI: The Sindh High Court (SHC) directed customs officials to act strictly accordance with law on a petition filed by M/s Deezina Textile against lodging first information report (FIR) allegedly involvement in tax evasion case. On 2 March 2020, while the hearing of petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi also directing them to file their respective ... Read More »

‘Govt must take action against Maersk, QICT to provide relief to importers’

LAHORE: Government should take strict action against M/s Maersk Pakistan (Pvt) Ltd and Qasim International Container Terminal (QICT) and also probe the role of Habibullah Khan for allegedly looting worth 610 billion rupees from importers through collection of unlawful demurrage and detention charges from genuine importers. It was stated by Barrister Qadeer Ahmad while talking to Customs Today regarding blackmailing ... Read More »

Govt green-lights shipment of onion consignments declared prior to ban

KARACHI: Ministry of Commerce on Monday gave the go-ahead to shipment of onion consignments declared prior to the imposition of a ban on the export of the commodity. On Feb 28, the government imposed a ban on the export of onions until May 31 on a request by the Ministry of National Food Security and Research. “In compliance of directives ... Read More »

NAB Court endorses seizure of Asif Ali Zardari’s residence in Karachi

KARACHI: An accountability court has endorsed seizure of former president Asif Ali Zardari’s house, situated in Karachi’s area of Clifton. NAB after seizing Zardari’s house on February 12, had sought confirmation from the accountability court. NAB’s Investigation Officer Ahmed Saeed Wazir, appeared before the court for the hearing. The house was bought in 2014 and the payment was made through ... Read More »

M/s Hamza Waqar Enterprises moves SHC against enhancement of valuation

KARACHI: Shaikh Waqar Ahmed, Chief Executive Officer (CEO) of M/s Hamza Waqar Enterprises has moved the Sindh High Court (SHC) and filed a constitutional petition against enhancement of valuation of imported sodium lauryl ether sulfate 70 percent from Indonesia. On 29 February 29 2020, counsel for the petitioner stated that petitioner is engaged in lawful imported their respective consignments regularly ... Read More »

Customs Court seeks reply on acquittal petition filed by proprietor of M/s S. A Enterprises

KARACHI: The Customs Court issued notices to special prosecutor for customs department on an application for acquittal filed by Anjum Hafeez, Proprietor of M/s S. A Enterprises. On 28 February 2020, during the hearing, counsel for the accused stated that there is absolutely no evidence with the prosecution which could connect the applicant with the alleged crime, trail of applicant ... Read More »

SEPA advises PQA to ensure environmental compliance in unloading soybean cargo

KARACHI: Sindh Environmental Protection Agency (SEPA) has asked Port Qasim Authority (PQA) to ensure environmental compliance while unloading soybean cargo, officials said on Saturday. According to the details, n a letter addressed to PQA, the SEPA said that an incident was occurred on February 16, 2020 at Kemari and in the vicinity of Karachi Port Trust regarding deterioration of air ... Read More »

SHC seeks reply on petition filed by M/s Assher Trading

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials and deputy attorney general directing them to file their comments on a constitutional petition filed by M/s Assher Trading Company against enhancement of value of imported comprising of coir-mattress fiber/ coir bristle fiber/ coir yarn 2 ply. On 28 February, 2020, a two-member bench, headed by Justice Aqeel ... Read More »

Customs Court issues warrants against directors of M/s Malik Brothers Logistics

KARACHI: The Customs Court issued bail-able warrants against suspects namely Muhammad Mansha and Karamat Ali, directors of M/s Malik Brothers Logistics, who were booked in another case of tax evasion and money laundering of Rs265,264,660. On 28 February 2020, during the hearing, investigation officer submitted first information report (FIR) against the above mentioned suspects and informed the court that during ... Read More »

Customs Appraisement East issues clarification of weather strip

KARACHI: Collectorate of Customs Appraisement East issued clarification of weather strip (tuft and strip composed of polypropylene). According to the details, M/s Eagle Clearing and Forwarding Agency has filed reference to Chief Collector (Appraisement) South, Karachi for clarification regarding weather strip. It is important to mention here that M/s United Trade Impex imported a consignment declared to contain weather strip ... Read More »

Sindh Rangers recover 70,000 surgical masks from Gulshan-e-Iqbal

KARACHI: Sindh Rangers on Saturday carried out a raid in the Gulshan-e-Iqbal locality in Karachi and recovered more than 70,000 surgical masks.  The raid came a day after the Supreme Court ordered the government to crack down on hoarders. Price of surgical masks skyrocketed in Karachi earlier this week after two cases of coronavirus were confirmed in the country. According ... Read More »

Govt should enhance security to protect QICT from Indians: Imran Ghazi

MULTAN: Government should enhance security to prevent any unwanted situation at Qasim International Container Terminal due to presence of Indian staff without permission. Presence of Indians staff without permission of Interior ministry at Qasim International Container Terminal (QICT) is a major threat for national security than Coronavirus and these appointed Indians are allegedly involved into suspicious activities for creating economic ... Read More »

SHC seeks reply on petition filed by M/s Assher Trading against enhancement of valuation

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials and deputy attorney general and directed them to file their comments on a constitutional petition filed by M/s Assher Trading Company against enhancement of value of imported comprising of coir-mattress fiber/ coir bristle fiber/ coir yarn 2 ply. On 28 February 2020, a two-member bench, headed by Justice ... Read More »

Customs Preventive seizes Indian origin smuggled katha in Shershah

KARACHI: Collectorate of Customs Preventive apprehended huge quantity of smuggled Indian prohibited katha worth millions of rupees. According to the details, Collector Preventive Saqif Saeed received credible information regarding the presence of the smuggled Indian origin katha in huge quantity at a godown in Shershah over which a team was constituted to take rapid action. Taking leads the staff of ... Read More »

Customs Court approves bail of suspect booked in betel nuts smuggling case

KARACHI: The Customs Court granted after arrest bail to suspect namely Abdul Wali son of Amir Muhammad, who was booked in a case of attempting to smuggle non-duty paid betel nuts etc. On 27 February 2020, investigation officer of Customs Collectorate Preventive ASO submitted charge sheet against the above mentioned suspect and informed that on an actionable information, customs officials ... Read More »

SHC seeks comments on petition filed by more than 60 importers

KARACHI: The Sindh High Court (SHC) directed high officials of Federal Board of Revenue (FBR) and others to make sure filing their para wise comments on a constitutional petition filed by several importers against issuing Sales Tax General Orders No 102, 103 for printing retail price after clearance of goods and fixation taxes. On Feb, 27, 2020, a two-member bench, ... Read More »

M/s Khalid Traders approaches SHC seeking restraining order against auction proceedings

KARACHI: M/s Khalid Traders approached the Sindh High Court (SHC) and filed a constitutional petition seeking restraining order against auction proceedings of its imported consignment of rice bearing. On 26 February 2020, counsel for the petitioner stated that in the year 2011 and 2014 consignments of Rica bearings were imported by the family companies namely M/s Sindh Bearing Agency and ... Read More »

SBP’s foreign exchange reserves flat at $18.743b

KARACHI: Pakistan’s liquid foreign exchange reserves were flat at $18.743 billion by week ended February 21, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $18.747 billion by week ended on February 14, 2020. The official reserves of the central bank increased by $87 million to $12.592 billion by week ended ... Read More »

Customs Court issues notices on acquittal petition filed by M/s Int’l Business Links

KARACHI: The Customs Court issued notices to special prosecutor for customs department on acquittal petition under section 265-K filed by Kashif Anwar, director of M/s International Business Links allegedly booked in a case of filing fake sales tax returns and issuance of fake sales tax invoices. On 26 February 2020, during the hearing, counsel argued that in the instant case ... Read More »