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Jewellery, gems export declines

KARACHI: Pakistan’s export of jewellery in the current fiscal year has fallen by over 77 percent which is $201.336 million during the period from July to November according to Pakistan Bureau of Statistics. During the period, the country’s export of jewellery fell to $690.681 million from $892.017 million, the PBS data revealed. Export of gems also posted a registered growth ... Read More »

Attempt of drugs smuggling thwarted at Karachi airport

KARACHI: Pakistan Customs Drug Enforcement Cell at Jinnah International Airport thwarted an attempt to smuggle 3200 grams of heroin out of Pakistan to UK. According to Pakistan Customs spokesperson, Customs Drug Enforcement Cell’s staff of Jinnah International Airport, Karachi, intercepted a Pakistan born British passenger Zahid Maqsood when he reached airport to board Emirates Airlines flight EK-601 for Birmingham via Dubai. When the passenger ... Read More »

Foreign posts of commercial officers not being abolished: Dastgir

ISLAMABAD: State Minister for Commerce and Textile Industry Khurram Dastgir informed the Senate that Pakistan exported a total of 78 items to India and the number of items imported from the neighbouring country remained 94. The Minister assured the Senate that no proposal was under consideration to abolish foreign posts of commercial officers. Replying to a question, the minister said ... Read More »

Customs to get 60 vehicles soon for curbing cross-border smuggling

ISLAMABAD: As part of a multi-pronged strategy to curb smuggling on borders, Pakistan Customs is likely to get 60 vehicles to augment its anti-smuggling fight. According to Customs Deputy Collector Sadiqullah Khan, the vehicles are being provided under a pledged made by the American Department of Homeland Security at the International Donors’ Conference. He said that the US agency had ... Read More »

Man held with heroin

ISLAMABAD: The Airport Security Force arrested a man with one-kg of heroin at Islamabad airport. As per details, the man identified as Rashid was going to UAE and had attached the contraband with his body. The accused said to be a resident of Kurram Agency of tribal area. The accused succeeded in clearing different checking points including first entry search, ... Read More »

FBR announces exemptions for govts, diplomats, privileged persons

ISLAMABAD: Federal Board of Revenue has announced exemptions for federal and provincial governments, foreign diplomats, diplomatic missions and individuals entitled to privileges under the United Nations (Privileges and Immunities) Act through an SRO 17(I)/2014. Sources said that exemptions are announced on payment of 10 percent withholding tax on functions in hotels/marriage halls and 5 percent tax on fee paid to ... Read More »

Senate body for handing over 84 acres of Gwadar land to Chinese company

ISLAMABAD: The Standing Committee on Ports and Shipping of Upper House of the Parliament emphasized handing over 84 acres of land to Chinese company and completion of all road links prior to the company starts operating Gwadar Port. The Senate Standing Committee on Ports and Shipping, in its meeting held with Senator Fateh Muhammad Hassani in the chair, also expressed ... Read More »

FBR sticks to plan of publishing directory of 0.85m registered taxpayers

ISLAMABAD: FBR will remain stick to its plan of making public the details of registered taxpayers through a tax directory to be published till March 31, 2014. Sources said these o.85 million registered taxpayers will include prominent businessmen, public sector employees, artists and players among others. Pakistan would become the fourth country to publish the income and tax payments of ... Read More »

Customs duty: MCC Lahore achieves overall growth of 30.52pc

LAHORE: Model Customs Collectorate Lahore has collected in total a Customs duty of Rs 11,140 million during the first half of Financial Year 2013-14, up by 30.52 per cent against Rs 8,535 million in the same period of FY 2012-13. According to the documents available with Customs Today, the station wise collection of customs duty by MCC (Appraisement) Lahore stood at ... Read More »

Waitress with drugs in pens busted

KUALA LUMPUR: Malaysian Customs arrested a waitress from China who tried to smuggle syabu (Methamphetamine), a type of drug in 310 marker pens through the Kuala Lumpur International Airport. Customs officials detected the woman as she was clearing the customs checkpoint at the airport. “When her luggage was scanned we found 310 marker pens in her bag. At first glance the ... Read More »

Transporters irritated over road users’ tax suggestions

KARACHI: Transporters have showed discontent over the recommendation that road users’ tax shall be collected through additional levies on CNG, diesel and petroleum goods. President, Karachi Transport Action Committee, Mohammad Ashraf Banglori has said that people including vehicle owners and transporters were already paying wide range of taxes including road users as for example in the form of toll taxes. ... Read More »

Traders threaten strike if problems not addressed

LAHORE: Anjuman-e-Tajiran Ferozepur Road has threatened to stage protest and observe a complete strike on Friday (January 17) against Metro Bus Extension Project that is going to hit 6200 businesses in Chungi Amarsidhu area alone. This was said by Action Committee Chairman Ayub Mayo who was leading a 20-member delegation of Anjuman-e-Tajiran Ferozepur Road while he was talking to LCCI ... Read More »

Commerce secretaries talks in New Delhi tomorrow

ISLAMABAD: Commerce Secretaries of Pakistan and India are scheduled to resume trade talks in New Delhi on Jan 14. The meeting is to be held after a gap of 16 months. The meeting is likely to agree on fresh timelines for implementing the roadmap for removing bottlenecks in trade liberalisation. Minister of State for Commerce Khurram Dastgir Khan will arrive ... Read More »

Leather goods’ exports swell in 5 months

ISLAMABAD: Leather goods exports increased by 9.89 percent in the first five months of current fiscal year 2013-14 against the corresponding period of last year. The leather goods worth $263.097 million were exported in July-November 2013-14 against $239.421 million of last year. According to relevant data, leather garments exports increased by 8.72 percent during the period amounted to $179.66 million ... Read More »

Lower FED, ST payments awaken FBR

ISLAMABAD: Low tax collection, especially sales tax and FED payment in the second quarter (October-December) of 2013-14 has awakened the Federal Board of Revenue to investigate reasons contributed to declining collection in each sector. The FBR is also scanning through the data of top companies including exporters in all leading sectors to check their sales tax and FED payment in ... Read More »

Unisame showers govt with praise

KARACHI: The Union of Small and Medium Enterprises (Unisame) has appreciated the Finance Ministry decision on shifting payments against exports to Afghanistan from rupee to dollar, saying that the government should also disallow imports payments facility for Afghanistan traders from Pakistan. In a statement issued here, Unisame President Zulfikar Thaver said the Finance Ministry and State Bank of Pakistan (SBP) ... Read More »

KCCI to organise pre-budget seminar on 18th

KARACHI: Karachi Chamber of Commerce and Industry will be organizing a pre-budget seminar on Saturday, January 18, 2014 in which Chairmen of trade associations and industrial zones of Karachi will be invited to give their inputs on Federal Budget 2014-15. In a statement issued, KCCI President Abdullah Zaki said that KCCI’s seminar will be focusing on highlighting a number of issues pertaining ... Read More »

Dildar assumes charge as FBR Member Legal

ISLAMABAD: Ahmad Dildar has assumed charge of the post of Member Legal at FBR. Federal Board of Revenue has issued a notification in this regard which reads that in pursuance of Establishment Division’s Notification No.17/5/2007.E-I, Ahmad Dildar of Pakistan Customs Service (BS-21) has assumed the charge of the post of Member FBR with effect from 10-01-2014. Read More »

MCC Lahore seizes goods worth Rs168m in 6 months

LAHORE: Anti-smuggling wing of Model Customs Collectorate (MCC) Lahore has impounded vehicles, goods and articles worth Rs 168 million during the first half of financial year 2013-14, up by 6 percent as compared to the same period of the previous financial year. The collectorate seized vehicles, good and articles worth Rs 158.79 during the first six months of FY 2012-13. During ... Read More »

Thriving cross-border smuggling: Authorities must rise to the challenge

ISLAMABAD: The menace of smuggling continues to bleed the national economy without let and hindrance while the authorities concerned have failed to rise to the challenge and adopted tangible measures to check its operation. Moreover, the dream of creation of a dedicated Customs Border Force (CBF) to check smuggling on borders with Afghanistan and Iran could not be materialized so ... Read More »