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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

Missing containers case: Customs officials brief FBR Chairman

KARACHI: Several meetings of Customs high officials held at Customs House, Karachi on Wednesday. The meetings were attended by Chief Collector (Enforcement) Muhammad Yahya, Chief Collector (Appraisement) Nasir Masroor Ahmed, Director General Afghan Transit Trade Farid Khawar Maneka, Collectors of Model Customs Collectorates (MCCs) Appraisement East, Abdul Rashid Shaikh, Appraisement West Muhammad Saleem, Muhammad Bin Qasim, Dr Agha Jawwad, Preventive ... Read More »

Supreme Court summons Ramzan Bhatti today

KARACHI: Supreme Court has summoned the Commission head, Ramzan Bhatti, on Thursday (today) after the reservations and concerns expressed by FBR lawyer over the Commission report on missing containers. An Apex Court bench, headed by Chief Justice Iftikhar Muhammad Chaudhry and comprising Justices Jawwad S. Khawaja, Mian Saqib Nisar, Amir Hani Muslim and Ejaz Afzal Khan, Wednesday resumed hearing of ... Read More »

KCAA website suspended due to non-payment

KARACHI: Karachi Customs Agents Association’s website has been suspended due to non-payment of hosting dues. SWD Infotech, the company providing the hosting facility to KCAA, has suspended the website and placed an ad containing details of billing/support department to vilify KCAA office-bearers on their sluggishness. The top management of KCAA should have paid the dues before the expiry date because ... Read More »

Automakers urge govt to withdraw SRO 577

KARACHI: Automakers have urged the government to withdraw SRO 577 which is giving undue advantage to the used car traders in duty and taxes, resulting into significant revenue loss to the government. In a joint statement, Abdul Waheed, Director General of Pakistan Automotive Manufacturers Association, and Usman Malik, chairman of Pakistan Association of Automotive Parts Accessories Manufacturers said that importers ... Read More »

FBR special cell to get info of accounts in Switzerland

KARACHI: Federal Board of Revenue is planning to exercise powers under Article 25(1) of the Avoidance of Double Taxation Treaty (ADTT) to get information of Pakistanis maintaining accounts in Switzerland, it is learnt. The sources said that the board was presently considering establishing a special cell in Karachi to invoke the provision of Article 25(1) by seeking the information regarding ... Read More »

ANF seizes 108g cocaine, arrests foreign smuggler

KARACHI: The Anti-Narcotics Force (ANF) in its ongoing Operation “Umeed-e-Nau” has seized 108 grams of cocaine and arrested one accused from the area of Boat Basin, Clifton, Karachi. According to the details, a team of ANF raided the area of Boat Basin and arrested an accused namely Obasuyi son of Radipata Omoreki, a Nigerian citizen bearing the National Alien Registration ... Read More »

Directorate I&I Balochistan claims 100 seizures despite shortage of staff

KARACHI: Directorate of Intelligence and Investigation, Balochistan has claimed to have made around 100 seizures in ongoing calendar year. According to official sources, despite the shortage of staff of 27 personnel responsible for carrying out anti-smuggling operations in the province coupled with the insurgency-like situation which badly hampers the movement of intelligence staff, the Directorate has performed exceptionally well during ... Read More »

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 »