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Rawalpindi Customs Intelligence showed 91pc growth in anti-smuggling activities in FY2014-15

ISLAMABAD: Directorate of Investigation and Intelligence Rawalpindi has showed 91 percent growth in wake of seizure of smuggled items during last fiscal year 2014-15 over preceding year 2013-14. This was stated by Deputy Director Customs Intelligence Rawalpindi, Shahid Jan, while talking to Customs Today. He said that the smuggled items valued at Rs 42 million were seized during the said period, while ... Read More »

Lahore Customs Tribunal heard ten cases on Monday

LAHORE: Customs Appellate Tribunal Lahore heard 10 cases on Monday and adjourned all the cases for the next hearing after hearing the arguments of both parties. Ghulam Murtaza bhatti, Member Judicial of bench-I, heard two cases including Hawk Traders versus Customs Lahore and Impex versus Customs Lahore. However, the bench-I comprising Khawja Omer Mehdi, Member Technical and Ghulam Murtaza Bhatti, Member ... Read More »

Excise and Taxation director’s conference held in Lahore

LAHORE: Directors Conference of Excise and Taxation Department to evaluate performance and to discuss new policies to enhance recoveries held at Director General Office Shadman Lahore. This is the second director’s conference held during  one and half months time in which all directors of Punjab along with Excise and Taxation officers participated and presented their performances. Director General Excise and ... Read More »

Sindh Revenue Board cancels registration of three clearing agents

  KARACHI: Sindh Revenue Board cancels sales tax registration of three clearing agents and advised them to clear the outstanding dues against them till August, 27, 2015 otherwise stern action will be taken against them. Sources told Customs Today, that SRB ordered to stop operations of Mariam Knitwear, RT Enterprises, and Ahbab Associates. Sources further revealed that SRB takes this ... Read More »

Customs foils bid to smuggle fertilizer to Afghanistan

KARACHI: Directorate of Customs Intelligence and Investigation Quetta, during a successful operation, foiled an attempt to smuggle fertilizer to Afghanistan. The market value of the seized fertilizer is Rs 15 million. Sources told Customs Today that Customs authorities received a credible information regarding the smuggling of fertilizer in Pasni. After receiving the information, the Customs authorities intercepted three trucks and recovered 2,000 sacks ... Read More »

Collector Sarfraz Ahmed Warraich directs staff to take measure to prevent money laundering

MULTAN: The Model of Customs Collectorate Multan has ordered his staff which is deployed at Multan International Airport for Hajj operation to take all possible measure to stop money laundering during Haj operations. Collector Sarfraz Ahmad Warraich have chaired a meeting at the Model of Customs Collectorate Multan Office along with other members  including Additional Collector Ghulam Mustafa, Deputy Collector ... Read More »

Deputy Collector Muteen Alam promoted as Additional Collector‏

MULTAN: Federal Board of Revenue has promoted Deputy Collector MCC Multan Muteen Alam as Additional Collector. According to details, Deputy Collector Muteen Alam has been promoted from BS-18 to BS-19 as an Additional Collector according to a recent notification of FBR. Prior to his new assignment Deputy Collector Muteen Alam was holding the charge of Deputy Collector Customs Multan International ... Read More »

Multan Customs seizes Rs 9.83m smuggled cloth in two years‏

MULTAN: The Model of Customs Collectorate Multan has sent  detailed report of the seized smuggled foreign origin cloth and dumped import yarn to the Federal Board of Revenue on their demand to discuss various impacts of cloth smuggling. The Federal Board of Revenue have asked the Model of Customs Collectorate Multan to submit the report regarding smuggling of foreign origin ... Read More »

ICCI lauds restoration of GSP Plus program of US for Pakistan‏

ISLAMABAD: The Islamabad Chamber of Commerce and Industry has hailed the restoration of GSP Plus program by the United States for Pakistan and termed it a highly positive development for the economy of Pakistan as it would help in improving country’s exports and reduce trade deficit. US has renewed its GSP program for Pakistan through Dec 31, 2017 effective retrospectively ... Read More »

Excise impounds 131 vehicles during general hold up‏

MULTAN: Excise and Taxation Department has impounded 131 vehicles in general hold up operation against token tax defaulters. Sources told Customs Today that Motor Vehicle branch of Excise and Taxation Department Multan Division has impounded these vehicles during operation against defaulters of token tax in Multan City. Four teams of Excise and Taxation Department has participated in general hold up ... Read More »

Leather garments witness decrease in exports

KARACHI: Leather garments sectors shows a decrease of $9.5 million in exports during July 2015 as compares to previous year. Secretary Pakistan Leather Garments Manufacturers and Exporters Association Asif Raheem while talking to Customs Today has said that during previous fiscal year country collects a revenue of $40.7 million which falls to $31.2 million. He said that during first month ... Read More »

Shell awards free fuel to winners

KARACHI: Sixteen people across the country won free fuel for a month by participating in Shell Pakistan’s Fuel Efficiency campaign. Shell is encouraging customers who purchase Shell Super Unleaded to pledge to be more fuel efficient. Upon making the pledge, customers become eligible to win free fuel for a month as well as a chance to win a grand prize ... Read More »

Indus Motors holds bloggers meeting

KARACHI: Indus Motor Company held a meeting aimed at engaging bloggers at its facility at Port Qasim. The day-long event, held at the company’s head office and plant located at Port Qasim, aimed to engage bloggers with first-hand, end-to-end experience of Toyota’s presence in Pakistan. The bloggers were briefed on various aspects of the organization, such as the elaborate safety ... Read More »

ASO Faisalabad seizes black pepper, zeera.‏

FAISALABAD: Anti Smuggling Organization ( ASO) Faisalabad seizes foreign origin black pepper packed in bardana and Indian zeera in Faisalabad city. The market value of seized black pepper and Indian zeera is estimated at Rs 517500/-. According to sources of Customs Today Assistant Collector Asim Anwar received a credible information regarding smuggling of black pepper and zeera. After receiving information, ... Read More »

China crude oil imports from Iran rise 3% on year

BEIJING: China’s crude oil imports from Iran rose in July from a year earlier, official customs data showed on Friday, as crude imports in the world’s largest energy consumer hit their second highest level on record. China, Iran’s biggest oil client, imported 2.44 million tonnes of Iranian oil last month, or 575,700 barrels per day (bpd), up 3.0 percent from ... Read More »

Chinese shares drop 8.5% at 3,209.91 points in dramatic slide

BEIJING: Chinese shares continued their sharp fall as concerns over the country’s slowing growth and volatile markets sparked panic among traders. The mainland benchmark index, the Shanghai Composite, closed down 8.5% at 3,209.91 points, extending last week’s losses. The sell-off continued despite Beijing’s latest attempts to reassure investors. China’s dramatic tumble has dragged down markets across the region. The Hong ... Read More »

Farewell lunch arranged for outgoing Chief Collector Nazim Saleem

KARACHI: A farewell lunch was arranged in the honour of Enforcement-South Chief Collector Nazim Saleem, as he has been transferred and posted in the FBR on a new assignment. After the orders of the Federal Board of Revenue to transfer Nazim Saleem, a graceful farewell lunch was arranged at Café Douane of the Customs House. The lunch was arranged by ... Read More »

Court sends Qasim Zia on judicial remand to jail

  LAHORE: An Accountability Court of Lahore has sent former PPP Punjab President Qasim Zia to prison on 14 day judicial remand. Qasim Zia former Pakistan Hockey Federation president and member of provincial assembly was arrested by National Accountability Bureau (NAB) officials and is accused of committing stock market fraud of over Rs100 million. Qasim Zia and his partner Usman ... Read More »

China Communications Construction Co,CTS Group Corp announce to work together

SANYA: China is looking to secure a stake in the country’s $8 billion cruise industry with a joint venture between two State firms. China Communications Construction Co, and CTS (HK) Group Corp, announced here the other day that they will work together to offer cruises from the southern resort of Sanya. The joint venture will build its fleet through merger, ... Read More »

India’s exports to China decline 10% in June 2015

NEW DELHI: While India’s exports to China contracted by -10 per cent in June 2015, analysis by the Engineering Export Promotion Council of India (EEPC) shows a -36 per cent contraction in the export of non-ferrous metals to China in that period. India’s exports to China have been contracting since September 2014. Exports of non-ferrous metals dropped to $85.09 million ... Read More »