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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

KCCI extends support to PYMA in resolving taxation issue

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President A Abdullah Zaki has extended his full support to Pakistan Yarn Merchants Association (PYMA) for resolving a major issue pertaining to 2 per cent sales tax on commercial imports of raw material and 2 per cent value addition sales tax as these illegitimate taxes have resulted in raising the cost of ... Read More »

FPCCI President chairs D-8 FCCI meeting in Tehran

KARACHI: The President of FPCCI and President of D-8 Federation of Chambers of Commerce and Industry (D-8 FCCI), Zubair Ahmed Malik, has chaired the first committee meeting on finalisation of D-8 FCCI Statute in Tehran. The meeting was attended by the presidents of chambers of commerce of five member countries including Pakistan, Iran, Turkey, Egypt and Nigeria. The meeting discussed ... Read More »

Pakistan wants trade not aid: KATI chief to US embassy official

KARACHI: Korangi Association of Trade and Industry (KATI) Patron-in-Chief SM Muneer has told Senior Commercial Officer of US Embassy in Pakistan David McNeil that he has high hopes that positive results of Prime Minister Nawaz Sharif’s meeting with President Barack Obama will come soon. Speaking at a meeting of KATI with David McNeil, Muneer said that Pakistan has suffered tremendous ... Read More »

Business community urged to avoid manufacturing, selling toy guns

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) Senior Vice President Muffasar A Malik has urged the business community to refrain from manufacturing, importing and selling toy guns as it is negatively impacting on growing minds and personalities of children. Referring to a recent letter sent by Karachi Division Commissioner Shoaib Ahmed Siddiqui to the Chamber, the KCCI SVP said ... Read More »

VRs of imported ‘almond in shell’ and ‘almond shelled’ issued

KARACHI: The Directorate General of Customs Valuation has determined the Customs values of the almond in shell and almond shelled imported from Iran, Afghanistan and the United States through a valuation ruling No.604/2013 Under Section 25-A of the Customs Act, 1969. According to the Valuation Ruling (VR) No. 604/2013, almond in shell (imported from Afghanistan and Iran) having the Pakistan ... Read More »

Customs teams to check arm imports

KARACHI: Pakistan Customs has formed six teams to collect data regarding sale and purchase of arms in Karachi. The teams will comprehensively scrutinise the arms dealers’ record of the import of weapons and ammunition. A Supreme Court bench headed by Chief Justice Iftikhar Mohammad Chaudhry in recent hearing of the Karachi law and order case took up the issue of ... Read More »

WeBOC confirms use of automated system for goods clearance

KARACHI: Directorate of Web Based One Customs (WeBOC) has confirmed that only automated system should be used for clearance of goods, sources disclosed. The instructions have been issued following reports that the Preventive Staff posted at off-dock terminals and AFU have been demanding hard copies of import documents for the clearance of consignments, sources added FBR has installed hassle-free automated ... Read More »

Customs seizes smuggled goods

KARACHI: The Model Customs Collectorate (MCC) of Preventive has seized huge quantity of smuggled merchandise goods and Iranian POL products that was arriving from Balochistan through buses from RCD Highway, a statement said. The statement issued by the Customs media cell said as a result of the fresh drive against smuggled goods launched under the directives of Customs Collector Preventive ... Read More »

PCG arrests 290 illegal immigrants

KARACHI: Pakistan Coast Guards (PCG) and Federal Investigation Agency (FIA) in a joint operation have apprehended 290 illegal immigrants including 266 Afghans from Nalient area at Coastal Highway, Gwadar. According to PCG Spokesman Safeer Mehdi, in the first operation a team comprising officials from FIA and PCG arrested 240 illegal immigrants including 216 Afghan nationals and 24 others hailing from ... Read More »

FPCCI asks FBR to control smuggling

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Federal Board of Revenue (FBR) and other law enforcement agencies to take measures to curtail smuggling of goods through the Afghan and Iran borders. The FPCCI, in a statement, requested FBR and other law-enforcement agencies to take appropriate fiscal and administrative measures, including sealing of borders, to curtail ... Read More »

MCC Preventive suffering shortage of field staff: Additional Collector

KARACHI: Model Customs Collectorate (MCC) Preventive is facing acute shortage of field staff and needs urgent recruitment of additional work force to enhance performance. Additional Collector Headquarters (HQs) Shafqat Ali Khan Niazi said this while talking to Customs Today at his office in Customs House. The Additional Collector (HQs) said that the authorities have written letters to Federal Board of ... Read More »

Pakistan Customs seizes poppy seeds worth Rs50m

KARACHI: The Pakistan Customs seized 16 tons of poppy seeds from a container of an export consignment at the Karachi Port. Sources in the Customs Intelligence and the Customs Export Collectorate got a tip-off that drug peddlers were trying to smuggle a huge quantity of drugs to The Netherlands via sea. One team each from the two departments was deployed ... Read More »

Pakistan Coast Guards seize Rs12m worth of hashish

KARACHI: Pakistan Coast Guards (PCG) have seized fine quality of hashish from general area of Shadi Kaur, near Pasni, Balochistan. The value of the seized drugs in the local market is Rs12 million, said a PCG press release. On credible information from intelligence resources about the smuggling of narcotics, a seizure was carried out by PCG Special Mobile Patrol. As ... Read More »

FBR asked to release sales tax refunds

KARACHI: Traders have urged Federal Board of Revenue to pay their sales tax refunds pending for the last two years owing to unavailability of electronic link between the provincial sales tax departments and FBR. Towel Manufacturers’ Association of Pakistan (TMA) Chairman Iftikhar Ahmed Malik and Pakistan Readymade Garments Manufacturers and Exporters Association (Prgmea) Chairman Amir Amin Kothawala, in their separate ... Read More »

MCC initiates training programme for appraisers

KARACHI: The Model Customs Collectorate (MCC) of Appraisement (West) has started a month-long ‘Extensive Orient Training Programme’ for the appraisers in order to enhance their competency in examining and passing the Goods Declarations (GDs) of the importers. This was stated by Collector MCC of Appraisement (West) Muhammad Saleem while exclusively talking to Customs Today at his office. He said that ... Read More »

Transfers/postings of AC, DCs in MCC-Appraisement (West)

KARACHI: The Model Customs Collectorate (MCC) of Appraisement (West) through an office order No.240/2013-ESTT (A) has re-distributed the work among the Assistant/Deputy Collectors of the MCC of Appraisement (West) with immediate effect and until further orders. According to the details, Muhammad Raza (Deputy Collector) has been designated the task in R&D, AIB and Post Release Verification (PRV) Cell, FTA Cell, ... Read More »

Apex court seeks detailed report on arms import from Customs

KARACHI: A three judges’ bench of the Supreme Court, headed by Chief Justice Iftikhar Muhammad Chaudhry, has sought detailed report from Customs officials about last 3- year imports of arms through sea ports. The bench while hearing Karachi law and order case ordered the Customs officials to submit the report before the bench on Friday (today). The bench remarked that ... Read More »

Customs “one-window system” key to pushing imports, exports: Gen Secy PIFFA

KARACHI: Pakistan Customs should introduce a “one-window system” for the enhancement of imports and exports, where all operations would be performed under one roof. This was stated by Habibullah A. Latif, General Secretary Pakistan International Freight Forwarders Association (PIFFA) during an exclusive interview with Customs Today at his office. PIFFA General Secretary further said that customs operations in foreign countries ... Read More »

New customs values for facial tissue papers issued

KARACHI: Directorate General of Customs Valuation Karachi has issued new customs values, ranging between $1.72 per kg to $2.44 per kg, on the import of facial tissue papers from China, Malaysia and UAE. The Directorate General CV issued valuation ruling to check under-invoicing on the import of facial tissue paper in exercise of the powers conferred under section 25-A of ... Read More »

Customs to install RFID readers, scanners on transit trade routes

KARACHI: Pakistan Customs is going to install RFID readers on Bulaili, Khairabad and Kohat tunnels to enhance the security of the containers. Sources in Pakistan Customs informed Customs Today that the Directorate of Transit Trade has written a letter to Chairman Federal Board of Revenue (FBR) in this regard. They further said that the RFID readers would also be installed ... Read More »