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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

ATT Directorate not yet streamlined

KARACHI: The Directorate of Afghan Transit Trade (ATT) has not yet been organized and systematized to work as a unit owing to lack of interest among Customs officials. Sources informed Customs Today that the 12th floor of the Customs House building, which was marked out for the construction of the Directorate of ATT offices quite some time back, still presents ... Read More »

Karachi Customs Agents Alliance wins all MMC seats

KARACHI: Twelve out of thirteen members who were contesting elections on the seats of Members Managing Committee (MMC) of the Karachi Customs Agents Association (KCAA) for the annual year 2013-14 through platform of Karachi Customs Agents Alliance have declared victorious. According to the official results, 12-member managing committee of KCAA comprising Abul Hasan Chokshi, Adeel Arshad Vohra, Akhtar Ali Sherwani, ... Read More »

Elections of KCAA’s MMC today

KARACHI: The annual elections of Karachi Customs Agents Association’s Members Managing Committee (MMC) to be held today (Thursday). As per detail, 13 members are going to contest elections for 12-member KCAA managing committee. Those members who are contesting elections are Abul Hasan Chokshi of Hamza Traders, Adeel Arshad Vohra of Khas International, Akhtar Ali Sherwani of Sherwani Traders, Ghulam Mustafa ... Read More »

Security beefed up at Customs House

KARACHI: Security has been beefed up at the entrance and exit points of Customs House owing to the prevailing poor law & order situation and recent suicide bomb attacks on the church in Peshawar. Long queues of the visitors including importers and Customs agents can be observed at the entrance gate of Customs House and the security guards after frisking ... Read More »

Bajwa asks Karachi Customs officials to step up efforts

KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa in his one-day visit to Customs House Karachi conducted several meetings with the officials of LTU, Preventive and Transit Trade. The sources in Customs House told Customs Today that the FBR chief during his visit held a high-level meeting with Chief Collector (Enforcement), Chief Collector (Appraisement), Director General Transit Trade, Collectors, ... Read More »

MCC-East to hold auctions of impounded commodities on Sept 25-26

KARACHI: Pakistan Customs has decided to hold auctions of the impounded vehicles and other commodities including shed lights, fire brakes, chemicals, tyre cuttings, scrape, papers and aluminium fillings under the supervision of Model Customs Collectorate (MCC)-East. According to a notification issued by the East Wharf Deputy Collector, the auctions will be held on two consecutive days at Pak Shaheen on ... Read More »

Iftikhar Shaikh, Faisal Mushtaq elected as KCAA President & Gen Secy

KARACHI: The Karachi Customs Agents Association (KCAA) has elected its office-bearers for the year 2013-14. The annual elections of KCAA for the year 2013-14 is to be scheduled on September 26; but the members of the panel of Karachi Customs Agents Alliance have been selected for the office-bearers of KCAA unopposed, as no other panel contested against them. The formal ... Read More »

FIR against customs official registered on FBR directives

KARACHI: The Directorate of Customs Intelligence and Investigation (I&I), Karachi on the directive of Federal Board of Revenue (FBR) has got an FIR registered against an Assistant Collector (AC) in MCC-East, who is allegedly involved in mis-declaration in miscellaneous containers case. Sources in Directorate of Customs I&I confirmed that an FIR has been registered against Assistant Collector Aftab Ahmed and ... Read More »

137 officials of MCC Appraisment West transferred

KARACHI: The Establishment Division, Pakistan Customs has transferred 137 low-grade officers in Model Customs Collectorate (MCC) Appraisement West according to the office order No. 211/2013-ESTT (AW). According to the details, Ghauri Sultan (UDC) has been transferred from the Office of the Chief Collector to the Office of the Chief Collector, Muhammad Zubair (UDC) from the Office of the Chief Collector ... Read More »

FBR obtains info of luxury vehicles to identify taxpayers

KARACHI: To collect maximum income tax returns, the FBR has obtained data of around half million luxurious motor vehicles, official sources said. The Federal Board of Revenue (FBR) is categorising the data of about 450,000 vehicles – registered with the Karachi Motor Vehicle Registration Authority during the last three years – by capacity-wise and will compare with the returns filed ... Read More »

OICCI urges FBR to release Rs46 billion in refunds

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) have asked the Federal Board of Revenue (FBR) to release refunds worth Rs46 billion causing cash flow and productivity problems. The FBR officials and OICCI members, in a meeting held last week, discussed the problems faced by the foreign investors. The OICCI’s members urged the FBR officials to make the ... Read More »

KCCA President decries bifurcation of PaCCS Collectorate

KARACHI: President Karachi Customs Agents Association (KCAA) Saifullah Khan has termed the introduction of four different Collectorates namely Port Qasim Collectorate, East Collectorate, West Collectorate and Export Collectorate in one WeBOC System, a conspiracy against the country. Commenting on Web Based One-Customs (WeBOC) System in an exclusive interview with Customs Today, President KCAA informed that the said system was introduced ... Read More »

All set for KCAA annual elections 2013-14

KARACHI: The authorities concerned have almost finalised all the arrangements for holding the annual elections of Karachi Customs Agents Association (KCAA) for the year 2013-14. In this regard, total 33 KCAA members have filed nomination papers for different posts including President, Senior Vice President, Vice President, Assistant Vice President, General Secretary, Joint Secretary, Information Secretary, Finance Secretary and Members of ... Read More »

Customs Intelligence focused to thwart menace of smuggling: Manzoor Memon

KARACHI: The Directorate of Customs Intelligence & Investigation (I&I) Karachi is fully focused to bring to an end the rising trend of smuggling and to thwart the menace of duty evasion through mis-declaration. This was stated by Director Customs Intelligence & Investigation (I&I), Karachi Dr Manzoor Hussain Memon during an exclusive interview with Customs Today at his office. Sharing his ... Read More »

Mehmood Arshad appointed Chairman FPCCI body

KARACHI: Federation of Pakistan Chambers of Commerce and Industry President Zubair Ahmed Malik has appointed Mehmood Arshad as Chairman of Pakistan-Qatar Business Council of FPCCI. Mehmood Arshad is associated with Pak-Qatar Takaful Group in Pakistan and also owns Tawun. He has also been playing active role in FPCCI’s Sanding Committee on Islamic Banking and Takaful for promotion of Islamic Financial ... Read More »

SBP raises discount rate up to 9.5pc

LAHORE: State Bank of Pakistan has increased the discount rate by 50 basis points for two months. Addressing a press conference on Friday afternoon, Governor State Bank of Pakistan Yaseen Anwar said the discount rate is being raised to 9.5 percent, from earlier rate of 9 percent. Increase of 50 basis points in the discount rate would lead to a ... Read More »

No proof of weapon smuggling found; Commission submits report in SC

KARACHI: A commission, established by the Apex Court, has found no proof of arms smuggling from Karachi port. The Supreme Court set up the commission headed by former Member Customs Ramzan Bhatti to probe into the matter of disappearance of Nato weapon shipments from Karachi port after the director general Rangers had told the court on August 30 that around ... Read More »

Customs agents call off countrywide strike after successful talks

KARACHI: Karachi Customs Agents Association (KCAA) and All Pakistan Customs Agents Association (APCAA) on Wednesday called off their countrywide strike after successful talks with Collector Model Customs Collectorate (MCC) West Muhammad Saleem who assured them to redress their issues as soon as possible. Sources informed Customs Today that a delegation of Customs agents comprising President KCAA Saifullah Khan, General Secretary ... Read More »

PTBA suggests changes in tax return draft

KARACHI: Pakistan Tax Bar Association (PTBA) has suggested several changes to the draft of Income Tax Return for Tax Year 2013. The bar, in a letter, has urged Federal Board of Revenue (FBR) Chairman Tariq Bajwa to rectify the illegal practice as rejecting income tax return without wealth statement is not permissible under the law. PTBA President Munawwar Husaain Shaikh ... Read More »

Chief Collector Appraisement terms Customs agents strike “illegal act”

KARACHI: The Karachi Customs Agents Association (KCAA) continued their strike for second day on Wednesday against the issuance of around 1178 Order-in-Original (ONOs) to the Customs agents in Afghan Transit Trade (ATT) scam. During the strike, the Customs agents under the supervision of KCAA President Saifullah Khan gathered outside the Customs House Karachi and chanted slogans against Pakistan Customs. They ... Read More »