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Customs intelligence seizes large quantity of residue wax in Multan

MULTAN: The Customs Intelligence and Investigation officials captured residue wax (formally known as foots oil) worth Rs 3 million from a truck. Customs Intelligence and Investigation Additional Director Nisar Ahmad formed special teams for the operation on a tip-off. The officials seized the imported residue wax. The Multan Customs officials have seized such a large quantity of oil for the ... Read More »

SM Muneer blames PTI, PAT sit-ins for heavy economic loss

FCCI has lost its worth due to incompetent leadership   FAISALABAD: Trade Development Authority of Pakistan (TDAP) Chief Executive SM Muneer has said that the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) sit-ins in Islamabad inflicted heavy losses on the country’s economy and the TDAP had to postpone Expo Pakistan scheduled for October 22. Addressing a gathering of business ... Read More »

Multan Excise Dept misses first-quarter revenue target

MULTAN: The Excise and Taxation Department has failed to attain revenue target in the first quarter of 2014-15. The department has collected Rs 49.5 million in the first three months of the fiscal Year 2014-15. The department’s motor branch still lags behind Rs 4.2 million as compared to the revenue collected during the same period of fiscal year 2013-14. The ... Read More »

Excise dept’s date for discount on property tax expires

MULTAN: The date for five percent discount offered on property tax by the Multan Branch of Punjab Excise and Taxation Department has expired. The Multan Excise and Taxation implemented five percent discount on the payment of lump sum tax of property in the Punjab. The Excise and Taxation Department was also giving discount on the payment of token fee for ... Read More »

Customs Superintendent Sadiq Muhammad retires

MULTAN: Multan Customs Collectorate Superintendent Officer Sadiq Muhammad retired after serving 35 years in the Customs Department. He was the Superintendent Officer of the State Warehouse in Customs Department. He retired after completing his service .He served more than 10 years as a deputy superintendent in the Customs and he also served in the Regional Tax office of the Federal ... Read More »

Sinking textile industry calls for desperate measures

If government cannot provide gas and electricity then it should announce forced closure of industry   FAISALABAD: More than fifty percent value-added textile units have been closed and the remaining ones are running only with 30 to 40 percent of production capacity, said Rana Alraf Ahmad, senior vice chairman (SVC) Pakistan Hosiery Manufacturers and Exporters Association (PHMEA-North Zone). He said ... Read More »

Oil Mills Association President to meet FBR Chairman Bajwa today

MULTAN – Representatives of Oil Mills Association will meet the Federal Board of Revenue (FBR) Chairman Tariq Bajwa today for redressal of their grievances. The Multan Cotton Association has called for protests and sit-ins for the newly imposed five percent sales tax on the cotton seed. All Pakistan Oil Mills Association President Khawaja Muhammad Faazil along with other members of ... Read More »

Textile exporters press govt for early tax refund

PTEA chairman says textile exports are crumbling and industry and business are squeezing due to non-availability of funds and energy   FAISALABAD: The Pakistan Textile Exporters Association (PTEA) has urged the government to expedite the process of paying billions of rupees outstanding tax refunds for maximum industrial growth and significant increase in exports. PTEA Chairman Sohail Pasha and Vice Chairman ... Read More »

Collector Adjudication Saleem Ranjha confiscates Rs15m smuggled goods

MULTAN: Customs Collector Adjudication Saleem Ahmad Ranjha has confiscated thousands of smuggled tyres worth Rs10 million and a trailer vehicle worth Rs5 million. As per details, Multan Customs Collectorate’s Anti-Smuggling Organisation had seized as many as 2,268 Indian-origin tyres in June this year and registered a case 21/2014. However, after completing investigation, the Collector Adjudication has decided to confiscate the ... Read More »

Smuggled diesel: Customs Collector issues show-cause notice to ‘owners’

MULTAN: Customs Collector Adjudication has issued a show-cause notice to ‘the owners’ of 40,000 litres smuggled high speed diesel worth Rs3 million seized from Dera Ghazi Khan region. Customs’ Anti-Smuggling Organisation, during an operation, seized a Hino oil tanker having number plate TKM-719 and loaded with 40,000 litres of imported oil near Fort Monroo Road on July 23 this year ... Read More »

New MCCI President Iqbal Hasan takes oath

MULTAN:  Newly- elected President of Multan Chamber of Commerce and Industry Mian Iqbal Hassan took oath of his office on Wednesday. Mian Iqbal Hassan was elected president of the MCCI for the year 2014-15.  In the oath-taking ceremony, former MCCI President Khawaja Usman briefed about the performance of the chamber in the previous year. President Mian Iqbal Hassan expressed his ... Read More »

Four imported Mazda trucks impounded in Multan

MULTAN: The Anti-Smuggling Organisation (ASO) seized four imported Mazda trucks worth Rs 40 million from the city during a search operation on Wednesday. The second-hand trucks were impounded for not paying customs duty. The trucks were used to transport goods in the city and its adjoining areas. Their original bodies were replaced to hide their identity. ASO Superintendent Malik Tanvir ... Read More »

Multan Customs collects Rs 10.26 billion in September

MULTAN: The Customs Collectorate has collected revenue worth Rs 10.26 billion in September of fiscal year 2014-15. The collectorate has collected customs duty of Rs 7 billion in September. The total customs duty collected includes Rs 7 billion, regulatory duty of Rs 0.299 million and warehouse surcharge of Rs 0.703 million. The federal excise duty worth Rs 8.418 million has been ... Read More »

Hyderabad ANF recovers 68 kg heroine, 779 kg charas in 4 months

HYDERABAD: Anti-Narcotics Force (ANF) Hyderabad has recovered 847.5 kg drugs in different raids against drug peddlers during four months and arrested 26 of them after registering FIR. As per details, ANF Hyderabad has seized 68 kg heroine and 779.5 kg charas during different raids against drug peddlers in Hyderabad during last four months. Acting on instructions of Hyderabad ANF Regional ... Read More »

FBR Chief Bajwa urged to approve service structure for employees

PESHAWAR: Federal Revenue Alliance (FRA) Peshawar chapter has urged Federal Board of Revenue (FBR) Chairman Tariq Bajawa to approve their service structure and ensure 100 per cent Son Quota for the employees. Talking to Customs Today, FRA Peshawar chapter President Mohammad Irshad Baghi said that like other parts of the country, FBR employees in Peshawar office were also languishing in ... Read More »

Banks to issue new currency from Monday

MULTAN: The State Bank of Pakistan directed all the banks including Commercial and government banks to provide new currency notes to citizen on the Eid ul Azha from Monday. New currency notes for the Eid occasion will be available at the main eight branches of National Bank located in the Multan City. New currency notes from 10 rupees to 100 ... Read More »

Collector Ranjha to decide case against SM Foods on 30th

MULTAN: Collector Adjudication Saleem Ahmad Ranjha will decide the case of mis-declaration of imported Iron Steel Rods of Saim Mobeen Foods Company on September 30. The final hearing for the proceeding of mis-declaration against the accused owner Saim Mobeen Foods Company Chaudhry Zulfiqar Anjum and Manager Waseem Shehzad would be held on Tuesday. The company was allegedly involved in mis-declaration ... Read More »

Customs seizes 1,400 bags of plastic granules    

  MULTAN: The Multan Customs Intelligence and Investigation has seized 1,400 plastic granule bags in two different raids. The officials impounded two trucks loaded with the bags in Dera Ghazi Khan and Vehari. Customs Intelligence and Investigation Additional Director Nisar Ahmad formed two teams for the raids after getting a tip-off. One truck (TKB 228) was impounded in DG Khan ... Read More »

5pc ST: Ginners, millers to plead withdrawal with Bajwa

MULTAN: The representatives of Pakistan Cotton Ginners Association (PCGA) and Oil Mills Association will meet Federal Board of Revenue (FBR) Chairman Tariq Bajwa this week to plead for the withdrawal of 5 percent sales tax imposed on the cotton seed cake. It is to be noted that both the associations had vehemently demanded the FBR chairman to withdraw the newly-imposed ... Read More »

Customs captures contraband worth Rs205m

MULTAN: Customs Intelligence and Investigation (I&I) Multan Range Additional Director Nisar Ahmad claimed that the Customs had captured smuggled goods worth more than Rs 205.4 million over the past seven months. Addressing a press conference here, he declared that the Customs was fighting against an enemy (smugglers) having modern gadgets, weaponry and ample manpower, adding that various state-run agencies were ... Read More »