Friday , February 21 2020
Breaking News
Home / Latest News (page 2430)

Latest News

News updates
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

Super massive black holes cause blasts in cores of galaxies: astronomers

LONDON: Super massive black holes at the centre of large galaxies could be powering blasts from deep inside the galaxy’s core, astronomers have claimed. The huge outpourings of material are responsible for ejecting enough dust and gas to build more than a thousand stars the size of our sun every year. And these outflows could also remove huge quantities of ... Read More »

Spain awards €8,400 to compensate French businessman

MADRID: Spain’s Ministry of justice has awarded a French businessman €8,400 in compensation for jailjail his term after Spanish police mistook his van-load of soap for a cocaine shipment. Jacques Benoit Fiocconi spent more than two months in a Spanish prison waiting for forensic scientists to correctly identify the fragrant cargo. Fiocconi had asked the Spanish Ministry of Justice for ... Read More »

Customs court rejects Ayyan’s plea for Class-B prison status, extends remand by 14 days

ISLAMABAD: A Customs court has extended the judicial remand of supermodel Ayyan until April 11 and also rejected her plea for Class-B prison facilities. After the expiry of her initial remand, customs authorities on Saturday presented Ayyan before the customs court to get extension in the judicial remand, as the department wants to probe the case further. Judge Mumtaz Chaudhry ... Read More »

$0.5m smuggling case takes another twist: Ayyan’s father shot, wounded; remand extended till April 11

RAWALPINDI: Cash smuggling scandal-hit supermodel Ayyan Ali’s father has been shot and wounded, when he was coming back after ‘attending’ the hearing of his daughter in a Rawalpindi court. Earlier, Ayyan arrived at the court for the hearing where her judicial remand was extended by another 14 days till April 11. The model’s father had come to see his daughter ... Read More »

2 bottlenose dolphins rescued from lake in Australia

SYDNEY: Two bottlenose dolphins have been rescued from a lake in Australia after swimming up a river to chase fish. Read More »

HSBC says green bonds to hit $100b as China to drive growth of market

BEIJING: China will drive growth of so-called green bond market, says HSBC. The value of so-called “green bonds” to finance environmentally sustainable energy and transport projects is expected to tripple to around $100bn (£67bn) this year spurred on by demand from Chinese investors. Stephen Williams, head of capital financing in Asia at HSBC expects green bonds to increasingly be used by ... Read More »

Shanghai Int’l Port Group wins govt tender to operate new Haifa port for 25 years

BEIJING: Shanghai International Port Group wins government tender to operate new port for 25 years. This announcement comes after another Chinese company granted tender to build Ashdod port. China is moving into the Israeli ports market on a large scale: With one Chinese company having already won a tender to construct the new Ashdod Port, a second Chinese firm will ... Read More »

London, Bristol assure to curb their greenhouse gas emissions by 40% by 2030

LONDON: Mayors from 30 European towns and cities, including London and Bristol, have pledged to curb their greenhouse gas emissions by at least 40 per cent by 2030, and boost investment in clean technologies. During a summit organised by the city of Paris yesterday, mayors of Rome, Athens, Amsterdam and Dublin, among others, adopted a declaration that pledges to meet ... Read More »

KSE loses 30,000 mark, dips 2.35% as 100 index drops 721pts to 29958

KARACHI: The Karachi Stock Exchange Friday witnessed another bad trading day as the benchmark KSE-100 Index dropped by 721 points or -2.35 per cent to 29958. The High and Low were 30828.20 and 29847.26 with total volume traded in the market of 150,933,140. All sectors took a hit, primarily led by cements, chemicals and banks. Another bearish session was witnessed ... Read More »

China’s National Chemical Corp to buy Italian tire maker Pirelli in $7.7b deal

BEIJING: China National Chemical Corp (ChemChina) is to buy Pirelli, the world’s fifth-largest tire maker, in a 7.1 billion euro ($7.7 billion) deal that will place one of the symbols of Italy’s manufacturing industry in Chinese hands. The deal agreed with Pirelli shareholders on Sunday is the latest in a string of takeovers in Italy by Chinese buyers, who can ... Read More »

China’s Dongxiang revenue falls 10.7% to 1.262b yuan in 2014

BEIJING: China Dongxiang Group Co. Ltd. said full-year attributable profit surged to 915 million yuan from 210 million yuan in the previous year. Earnings per share were 16.61 cents, compared to 3.82 cents last year. Revenue declined 10.7 percent to 1.262 billion yuan from 1.414 billion yuan in the prior year. The company is principally engaged in brand development, design ... Read More »

Collector Zulfiqar Ali vows to clear pending rebate claims of surgical instrument exporters

SIALKOT: Model Customs Collectorate Sialkot Collector Zulfiqar Ali Chaudhry has assured the surgical instrument manufacturers and exporters of Sialkot that all pending rebate claims would be cleared soon. Talking to the manufacturers and exporters of surgical instruments in a meeting, the collector added that customs-related perturbing problems of the exporters would be solved amicably by taking them into confidence. He said that the ... Read More »

FBR Chairman Tariq Bajwa says refunds issue to be settled by March 31

LAHORE: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has said that he has taken up the refund issues with the Ministry of Finance in order to disburse all refunds in one go to the businessmen. He said this while talking to Customs Today exclusively on the sidelines of pre-budget seminar held at a local hotel. “The actual amount of ... Read More »

Nasir Masroor directs collectorates to keep record of authorised clearing agents

KARACHI: Model Customs Collectorate Appraisement (South) Chief Collector Nasir Masroor Ahmed has directed all field formation Collectorates i.e. MCC-Appraisement-West, MCC-Appraisement-East) and MCC-Port Muhammad Bin Qasim to ensure recording particulars of persons appearing to transact business relating to Customs. According to the provisions of section 208 of the Customs Act, 1969 read with licensing rules, the Chief Collector-Appraisement-South directed that any ... Read More »

Hyderabad: ASO seizes 18,000 liters smuggled diesel worth Rs 4.4 million

HYDERABAD: Model Customs Collectorate Hyderabad Anti-Smuggling Organisation has seized smuggled 18,000 liters high speed diesel, concealed in an LPG tanker. As per detail, following the instructions of MCC Hyderabad Collector Ahmed Mujtaba Memon, the ASO team, including Superintendent Nadeem Ahmed Usmani, seizing officer Khair Muhammad Pathan, Deputy Superintendent Sikandar Akbar Panhwar, Inspector Momin Shah and other staff members, raided an ... Read More »

Customs Appraisement-West AIB recovers Rs 45 million during three months of 2015

KARACHI: The Model Customs Collectorate (MCC) Appraisement-West Appraising Intelligence Branch (AIB) has made recovery of Rs 45 million in first three months of the year-2015, which is almost doubled than the corresponding period of the 2014. This was stated by the authorities of AIB/R&D Section of while sharing their views with Customs Today. Responding to a query, the authorities disclosed ... Read More »

Lahore: RTO constitutes departmental promotion, selection committees

LAHORE: Federal Board of Revenue (FBR) Regional Tax Office (RTO) Lahore has reconstituted two departmental promotion and selection committees each for BPS 1-10 and BPS 11-15. According to the RTO management the committee has been constituted on the instruction of FBR. The RTO has made Inland Revenue Additional Commissioner Jamshaid Fakhair chairman of the departmental promotion and selection committee for ... Read More »

Karachi: DG Post Clearance Audit meets director Reforms, Automation

KARACHI: The Directorate General of Post Clearance Audit (PCA) Director General Junaid Akram held a meeting with the Director-Reforms and Automation Abdul Majid Yousfani on Friday. The PCA Director Gul Rehman and other senior officers of Pakistan Customs Services (PCS) were also present on the occasion. During the meeting, the DG PCA Junaid Akram discussed formulation of modules in WeBOC, ... Read More »

Customs Adjudication imposes 20pc redemption fine on smuggled silicon steel sheets

LAHORE: The Customs Adjudication has imposed a 20 percent redemption fine on smuggled silicon steel sheets in coils weighing 16,200kg, enabling the lawful owner to take possession after paying the penalty amount. The collectorate also imposed a fine of Rs 10,000 each on the mini-trucks that were used to supply the non-duty and taxes paid sheets out of Lahore. The Directorate ... Read More »

Lahore: Excise asks PCB to pay property tax of Rs 347.55 million

LAHORE: The Punjab Excise and Taxation Department has issued a notice to the Pakistan Cricket Board (PCB) to pay the liable property tax of Rs 347.55 million. As per details available with Customs Today, the Pakistan Cricket Board is a defaulter of property tax and not paying the tax for a long duration even after the several recovery notices issued ... Read More »