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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 Karachi arrests Agha Siraj Durrani; several politicians, corporates’ fate hangs in balance

ISLAMABAD: The National Accountability Bureau (NAB) on Wednesday arrested Sindh Assembly Speaker Agha Siraj Durrani. After arrest of former ports and shipping minister Kamran Michael, Customs Today had reported a few days ago on 16 February that the Bureau would arrest senior politicians soon. According to details, NAB has accused him of illegal appointments, misuse of power, misappropriation of funds ... Read More »

Imports from India continue unabated

  KARACHI: As Pakistan’s exports to India face suspension after Pulwama attack on Feb 14, the trading and import of Indian goods, on the other hand, has so far been moving at normal pace. Some businessmen, however, want a “tit-for-tat action” from Pakistani government in view of up to 200 per cent duty imposed by India on import of Pakistani ... Read More »

Govt declares import of upto  25 motor vehicles tax, duty free for EPZ investment

KARACHI: The government has allowed free of duty and taxes on import of up to 25 motor vehicles to an investor making investment $125 million and above in export processing zones. According to Customs Rules, 2001, the import of vehicles shall be allowed without payment of customs duty and other taxes as per the entitlements given below: US$ 10.00 million ... Read More »

M/s Chaudhary Steel approaches SHC seeking release of iron & steel cutting scrap

KARACHI: The Sindh High Court (SHC) directed customs officials and deputy attorney general to file their comprehensive para-wise comments on a petition filed by M/s Chaudhary Steel seeking release order of its imported 54245 kilograms iron & steel remeltable cutting scrap. On February 18, 2019, a two-member bench headed by Justice Aqeel Ahmed Abbasi was hearing the matter. During the ... Read More »

Customs Court accepts challan of HSD smuggling case

KARACHI: The Customs Court accepted interim charge sheet against and issued non bailable warrants against absconding suspects namely Sol Muhammad, Bashir and Farooq, who were booked in a case of attempting to smuggle non-duty paid 20602 liters High Speed Diesel (HSD). On Feb 18, 2019, investigation officer submitted interim charge sheet and informed the court that on an actionable information, ... Read More »

Govt likely to impose 200pc RD on non-essential Indian items

KARACHI: Pakistan is likely to impose 200 per cent Regulatory Duty (RD) on non essential Indian imports in retaliation against recent Indian measures and raise the issue of India unilaterally withdrawing the Most Favoured Nation (MFN) status to Pakistan at the World Trade Organisation (WTO) in Geneva, well informed sources told media. The proposal was finalized after more than two ... Read More »

SHC seeks arguments on bail plea of suspects in illegal plots allotment

KARACHI: The Sindh High Court (SHC) on Tuesday conducted hearing into the case regarding illegal allotments of 296 plots in different areas of the city. The suspects involved in the case had already filed a bail plea. The court has sought arguments from respondents on March 6.The lawyer of National Accountability Bureau (NAB) told the court that it appeared the ... Read More »

Pakistan has come out of financial crisis: SBP Governor Tariq Bajwa

KARACHI: Governor of the State Bank of Pakistan Tariq Bajwa has said the country has come out of the financial crisis with the help of friendly countries and the economy has been set on the right path. Speaking at a private university in Lahore on Monday, he said uncertainty in the economy had ended. The government, he said, was on ... Read More »

Banking Court issues notices on NAB plea to transfer case to Rawalpindi

KARACHI: Banking Court issued notices to the counsels of the accused for 20th February in mega money laundering case on National Accountability Bureau’s (NAB) plea seeking transfer of the case to NAB Court of Rawalpindi. NAB chairman Justice (r) Javed Iqbal wanted to transfer the case to Rawalpindi NAB court. In this regard the NAB officials submitted documents with NAB ... Read More »

SHC directs NAB to file reference against illegal allotment in KDA Housing Society

KARACHI: The Sindh High Court (SHC) on Tuesday directed the National Accountability Bureau (NAB) to file a reference against an illegal allotment in KDA Housing Society’s name and submit a report by March 19. As the hearing of the case pertaining to illegal allotment began, NAB officials told the bench, “Then administrator of the housing society, Intezar Jafri, and others ... Read More »

FBR declares procedure for import of motor vehicles into Pakistan

KARACHI: Federal Board of Revenue (FBR) issued guide for Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes. These three schemes are included, personal baggage; gift scheme; and transfer of residence. However, cars not older than 03 years and other vehicles not older than 05 years can be imported under ... Read More »

Appraisement West redistribute work among deputy & assistant collectors

KARACHI: Collectorate of Customs West Wajid Ali has reshuffled assignments of deputy/assistant collectors within the Collectorate. Accordingly, Deputy Collector Aftabullah Shah is assigned HQ, Establishment/Admin, Licensing Branch, Import Section, Confidential, CPF, CHO, Transport, Cash Section, Accounts, Treasury, Procurement, Policy & Coordination, Statistical, PRAL, Adjudication and Customs Laboratory. Earlier he was looking after HQ, Establishment/Admin, Group-IV (Ch.50-70), MIS, Confidential, CHO, Transport, ... Read More »

KPT& Pakistan Railways discuss measures to boost cargo lifting capacity

KARACHI: Federal Minister Railways Sheikh Rashid and Federal of Minister Maritime Affairs Syed Ali Zaidi co-chaired a meeting to discuss measures to increase railways cargo lifting capacity and its share in freight. According to the details, a high-level delegation of Pakistan Railways led by Sheikh Rashid Ahmed visited KPT Head Office for a meeting with Syed Ali Haider Zaidi and ... Read More »

SHC directs to release consignments imported by M/s Menofa Tyre Distributor

KARACHI: The Sindh High Court (SHC) directed customs officials to file their comments and compliance report on next date of hearing on petition filed by M/s Menofa Tyre Distributor seeking release of its consignment of tyres for dumpers, construction & mining machinery etc. On February 12, 2019, while the hearing of petition, a two-member bench, headed by Justice Aqeel Ahmed Abbasi ... Read More »

Customs Court extends bail of MNA Aslam Singapuri in Rs28.57m tax evasion case 

KARACHI: The Customs Court directed customs officials to submit their arguments against suspect namely Aslam Khan alias Aslam Singapuri, sitting MNA 254 Karachi, who was booked in a case of mis-declaration and evading the duty and taxes to the tune of Rs28.57 million. On February 13, 2019, court also extended his pre-arrest bail till next date of hearing. It needs ... Read More »

Asad Ishaq will be laid to rest tonight

KARACHI: Asad Ishaq (brother-in-law) of Shahbaz Ghazi, proprietor of M/s Oriental Freight & Logistics has passed away Innalillahe-wa-inna alehey Rajeoon. His Namaz-e-Janaza will be offered tonight after isha prayers at 8:15 pm at Rehmania Masjid, Tariq Road. Large number of people including relatives and friends of deceased family are expected to attend the funeral prayers.     Read More »

WeBOC & National Single Window playing vital role for efficient border management: Surriya Butt

KARACHI: The World Customs Organization (WCO) with the support of the Customs Cooperation Fund of China (CCF China) conducted a 4-day ‘National Workshop on ICT and AEO Programme’ from 29 January to 1 February 2019. Addressing the gathering, Chief Collector of Appraisement South Surriya Ahmad Butt underlined the importance of ICT for improving Customs processes, outlining some of the initiatives ... Read More »

Banking Court extends interim  pre-arrest bail of Asif Zardari, Faryal Talpur till March 5

KARACHI: A Banking Court on Thursday extended the interim pre-arrest bail of former president Asif Ali Zardari, his sister Faryal Talpur and nine other suspects till March 5 in an ongoing money laundering case. Zardari, Talpur and nine other suspects, including Omni Group chairman Anwar Majeed, his son AG Majeed, former Pakistan Stock Exchange (PSX) chairman Hussain Lawai and banker ... Read More »

Customs Court seeks reply on bail petition filed by suspects in mobiles smuggling

KARACHI: The Customs Court issued notices to customs department and special prosecutor for customs department on a bail petition filed by Hunnain Shah and Abdul Ahad, who were booked in a case of attempting to smuggle non-duty paid mobile phones. On February 13, 2019, counsel for the accused filed bail petition and argued that according with prosecution, in pursuance of ... Read More »

Customs Intelligence Karachi seizes smuggled goods worth Rs147 million

KARACHI: The anti-smuggling section of Directorate of Customs Intelligence & Investigation, Karachi seized smuggled goods worth Rs147 million in different operations. On the directives of Director Fayyaz Anwar, Additional Director Ali Zaman Gardezi and Superintendent supervised several operations in various parts of the city during last few days. The seized goods included betel nut, gutka, lubricants and several non-duty paid ... Read More »