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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

NAB files reference against dealer of Toyota Hyderabad Motors

HYDERABAD: The National Accountability Bureau (NAB) has filed a reference against Chief Executive Officer (CEO) of Toyota Hyderabad Motors a a leading car manufacturing company for alleged corruption involving over Rs.230 million. The amount was collected on the pretext of advance for booking the vehicles. According to media, two persons including owner of a Hyderabad based dealership, Muhammad Shoaib Soomro ... Read More »

Customs ASO busts smuggled Ajinomoto worth Rs3.6m

KARACHI: Collectorate of Customs Preventive Anti Smuggling Organization (ASO) seized huge quantity of smuggled Chinese salt famously known as Ajinomoto (Mon-sodium Glutamate) in a successful raid. According to the details, on credible information Deputy Collector Headquarters Faisal Khan constituted a team to conduct raid over the received information. The team of ASO raided a godown at Shershah area and carried ... Read More »

Customs Court approves pre-arrest bail of suspects benami accounts case

KARACHI: The Customs Court granted pre-arrest bail to suspects namely Muhammad Hassan and Muhammad Hamza against the surety of Rs 20 lac each who were booked in using benami 6 accounts to conduct business and evaded taxes more than Rs1 billion and also involved in money laundering. On April 17, 2019, both suspects appeared before their counsel and submitted surety ... Read More »

Customs I&I to hold auction of 24 non-duty paid vehicles on April 23

KARACHI: Directorate of Customs Intelligence and Investigation (I&I) will conduct auction of following impounded vehicles on April 23 (Tuesday), 2019 at PECHS Karachi. Toyota Crown Car, Reg No. AA-7095, Model 1995 BMW Car, Reg No QZ-318, Model 2000 Mercedes Benz Car (E-500), Reg No. AC-3077, Model 2002 Toyota Crown Car, Reg No. AAK-226, Model 2005 Honda Inspire Car , Reg ... Read More »

Pakistan’s internet capacity to be increased by 96 Tb/s with new submarine cable system

KARACHI: A landing party agreement signed between Cybernet Pakistan and PEACE Cable International Network Company Ltd is set to increase Pakistan’s internet infrastructure capacity by 96 terrabits per second with the country’s first carrier-neutral, open-access submarine cable system. Pakistan and East Africa Connecting Europe (PEACE) Cable International Network Company Ltd and Cyber Internet Services Pvt Ltd (Cybernet Pakistan) signed the ... Read More »

Customs Court seeks charge sheet against M/s Shaheen Air International within two weeks

KARACHI: The Customs Court directed investigation officer to complete investigation and submit charge sheet against M/s Shaheen Air International Ltd for not clearing government dues amounting to Rs955,050,000 deducted/withheld from the customers/passengers. The company has failed to e-file sales tax returns till date. On April 16, 2019, investigation officer submitted first information report before the court and informed that a ... Read More »

Customs Court issues warrants against accused in smuggling case

KARACHI: The Customs Court issued non-bailable warrants against suspects namely Saleem Shah, Muhammad Naeem and Muhammad Saleem, who were involved in a case of attempting to smuggle non-duty paid Shikhar Gutkha. On April 16, 2019, investigation officer submitted charge sheet against the above-mentioned suspects including arrested suspect namely Muhammad Sajjad and informed that on an actionable information, customs team intercepted ... Read More »

Data of Chinese loan shared with IMF: Asad Umar

KARACHI: There was a lot of talk about Chinese debt and when the International Monetary Fund (IMF) mission came to Pakistan we shared data on the very first day, said Finance Minister Asad Umar. According to media reports, responding to a question on whether Chinese loans were an issue in IMF meetings, Umar said discussions were on policy measures and ... Read More »

Fake call-up notice case: SHC orders NAB chairman to hold inquiry

KARACHI: Sindh High Court (SHC) on Tuesday decided to hand over fake call-up notice inquiry matter to National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal. A two-member bench of SHC, headed by Chief Justice Ahmed Ali Shaikh, heard the plea filed by a citizen, Shamshad Ali,  pertaining to the issuance of the fake call-up notice to him by NAB. ... Read More »

KPT adheres to govt allocated quota rules

KARACHI: Karachi Port Trust (KPT) administration has said that being a federal government entity the organization adheres to allocated quota rules. According to the details, reacting over the concern raised in social media regarding the recent publication of Karachi Port Trust (KPT) recruitment ads in daily newspapers, about absence of quota for urban Sindh, particularly Karachi, the administration has issued ... Read More »

Maersk, QICT blackmailing importers to pay extra demurrage, detention charges: Malik Israr

MULTAN: Customs clearance of import shipments has become a constant headache for importers due to blackmailing of M/s Maersk Pakistan Pvt. Ltd. and Qasim International Container Terminal (QICT) for collection of unjustified demurrage and detention charges. This shipping company is violating set rules and laws with cooperation of the port terminal by forcing importers to pay additional charges under the ... Read More »

SHC bars private schools from receiving advance fee

KARACHI: Sindh High Court (SHC) on Monday barred the private schools from receiving advance summer vacation fee. A two-member bench of SHC, headed by Justice Aqeel Abbasi, heard the contempt of court petition against the private schools  for getting advance fee of two months of summer vacations and stopped the school management from receiving the advance fees. The parents informed ... Read More »

Customs Court approves pre-arrest bail of two IOs in illegal removal of betel nuts

KARACHI: Directorate of Customs Intelligence and Investigations’ two investigation officers got pre-arrest bail in illegal removal/ replacement of seized betel nuts from state warehouse case. The Customs Court granted pre-arrest bail to suspects namely Pervaiz Ahmed Zardari and Mehmood Akbar, investigation officers of Intelligence & Investigation (warehouse) who were involved in illegal removal/ replacement of seized betel nuts from state ... Read More »

Customs Preventive submits challan of 6,000 boostin injection smuggling case 

KARACHI: The Customs Court issued non-bailable warrants against absconding suspects namely Muhammad Yasir, Noman Saeed, Syed Taimoor Ali Shah, Zohara Yousaf who were involved in a case of attempting to smuggle 6,000 boostin injection from Abu Dubai to Pakistan. On April 13, 2019, investigation officer of Customs Preventive submitted interim charge sheet against above-mentioned suspects and arrested lady Samina Farooq ... Read More »

Customs Preventive foils bid to smuggle Iranian diesel worth Rs5.2m at Moacho Chowe Point

KARACHI: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) has seized 200,000 liters smuggled diesel in last fifteen days working round the clock to deter against diesel mafia. Sources told Customs Today that on the tip of higher authority Deputy Collector Headquarters Faisal Khan constituted a team to conduct raid over the received information. During two separate raids the team of ... Read More »

SBP seeks appointment of BOP president on priority basis

KARACHI: The State Bank of Pakistan (SBP) has notified the finance ministry of the Punjab government to complete the process for appointment of Bank of Punjab (BOP) president and CEO at the earliest. In a notification issued to the Finance Department of the Punjab government, the central bank stated that after lapse of considerable time the matter of appointment has ... Read More »

Appraisement West to hold auction of 57 fresh & leftover vehicles on Monday at AICT

KARACHI: Collectorate of Customs Appraisement West announced to hold auction of fresh and leftover motor vehicles on April 15, 2019 at Al-Hamd International Container Terminal (AICT). Following vehicles to be presented for the auction: Used Mitsubishi Car, Model 2009 Used Volkswagen AG Car, Model 2013, Engine Capacity 999 CC Used Mitsubishi Mini Cab, Model 2013 Used Nissan Clipper, Model 2012 ... Read More »

SHC seeks comments on petition filed by M/s Decent Enterprises seeking restoration of license

KARACHI: The Sindh High Court (SHC) directed customs department to file their comprehensive para wise comments and act strictly accordance with law on a petition filed by M/s Decent Enterprises against suspension of its customs clearing & forwarding agents’ license suspended by customs department due to its involvement in NATO/ISAF Scam. On April 12, 2019, a two-member bench, headed by ... Read More »

NAB Court re-issues NBWs against Babar Ghori & others in illegally appointing employees

KARACHI: The National Accountability Court re-issued non-bail able warrants against Babar Khan Ghouri, former minister for port and shipping and directed investigation officer to arrest him for next date of hearing in a case of charges of corruption, corrupt practices and abuse of authority for illegally appointing 940 employees in KPT. On April 12, 2019, Javed Hanif, former chairman Karachi ... Read More »

Govt borrowing for budgetary supports up 9pc

KARACHI: The government’s borrowing for budgetary support increased by 8.8 per cent year-on year during 9MFY19, reported the State Bank of Pakistan (SBP) on Friday. The budgetary borrowing rose to Rs876 billion from July to April 5 FY19, compared to Rs805bn during the same period last fiscal year, representing an increase of Rs71bn or 8.8pc. The government is under serious ... Read More »