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Vietnam Customs seizes 2 tons of ivory tusks

HANOI: Customs officials in Vietnam’s northern province of Hai Phong seized ivory tusks weighing more than 2 tons concealed inside a container imported from Malaysia, authorities said. “We discovered suspicious signs about the container,” said Nguyen Kien Giang, director of division number 3 of Hai Phong Customs. “We decided to scan and open it and discovered the elephant tusks hidden ... Read More »

Dubai Customs foils drugs smuggling bid

DUBAI: Customs has foiled an attempt to smuggle Dh12 million worth of pure cocaine hidden inside a passenger’s baggage bound for New Delhi from Lagos through Dubai. Dubai Customs thwarted the bid to smuggle 8.5kg of pure cocaine which was hidden inside the frame of an African passenger’s bag. The operation, which began in Lagos, Nigeria and ended in the ... Read More »

Two Indian passengers held for smuggling gold worth Rs7.29m

MUMBAI: Two Indian passengers, who arrived from Singapore, were arrested at the Mumbai International airport for allegedly trying to smuggle gold collectively valued at Rs7.294 million, a customs official said. Khambar Abbas, 31, and Mohammed Thamil,24, who arrived by the same flight of Singapore Airlines, denied acquaintance with each other, though investigators suspect otherwise. Abbas and Thamil were intercepted and ... Read More »

Govt to construct Diamer-Bhasha Dam at all cost: Dar

ISLAMABAD: Federal Minister for Finance Senator Ishaq Dar has said that the government will construct Diamer-Bhasha Dam at all cost from its resources and will not wait for any foreign assistance. “It is the decision of Prime Minister Nawaz Sharif that the government will kick off the 4,500 MW hydro power project without waiting for the World Bank’s funding which ... Read More »

RTO-II Chief Commissioner for early execution of refund, ST cases

LAHORE: Regional Tax Office (RTO)-II Chief Commissioner Dr Arshad Khan assured early redressal of pending refunds and sales tax cases to a delegation of importer, exporters and traders, who visited the RTO-II under the leadership of former LCCI president. The RTO-II chief commissioner said that there is no reason that the refunds are being delayed except the shortage of the ... Read More »

Trade body agrees to 10pc tax on businessmen to promote education

LAHORE: All Pakistan Anjuman-e-Tajran Senior Vice Chairman Ajmal Baloch has agreed to the proposal of imposing 10 per cent additional income tax on the business community for the promotion of quality education in the country. The agreement came at a meeting between Baloch and Jahangir Akhtar, a veteran social and political activist who thinks lack of educational opportunities as the ... Read More »

Pakistan to get $32.5m under Coalition Support Fund: Finance Secy

ISLAMABAD: Secretary Finance Waqar Masood Khan has informed the Senate Standing Committee on Finance, Revenue and Economic Affairs that the country will receive an amount of $32.5 million by October 15 under Coalition Support Fund (CSF). The Secretary Finance told the committee head by Senator Nasreen Jalil that a sub-committee has been constituted to pace up the work on 3G ... Read More »

Zulfiqar Ali assumes charge as FBR Islamabad Chief

ISLAMABAD: Syed Zulfiqar Ali Shah Kazmi (PCS/BS-20) has assumed charge of the post of Chief, Federal Board of Revenue, Islamabad. Read More »

Armenia to join Russia–led Customs Union, wants co-operation with EU

BRUSSELS: Armenian Foreign Minister Edward Nalbandyan has met with Catherine Ashton, High Representative of the Union for Foreign Affairs and Security policy of the EU in Brussels. Ashton noted that the meeting was an opportune occasion for an exchange of ideas regarding how to collectively strengthen relations between Armenia and the EU. Despite Armenia’s public readiness to join the Russia-led ... Read More »

Sri Lankan Customs seizes valuable cargo

KATUNAYAKE: Two barrels said to contain 50Kgs of sandal wood oil valued at Rs10 million, have been seized by the Customs at the Katunayake cargo terminal. The goods were detected at the time were being prepared for export to Singapore. Customs media spokesman Leslie Gamini said the consignment was declared as two barrels of documents. The raid was conducted by ... Read More »

People-smuggling bid thwarted by Lebanese authorities

SIDON, Lebanon: Seven Lebanese and Arab nationals have been arrested after authorities raided a boat off the coast of Sidon that was allegedly headed to Italy, where its passengers intended to migrate illegally, the Army said in a statement. The incident came just two weeks after at least 26 Lebanese died when their boat foundered off the Indonesian coast on ... Read More »

649,000 smuggling alerts deleted in UK

LONDON: More than 649,000 alerts relating to potential drug and tobacco smuggling into the UK were deleted from a Government system for border controls without being read, an inspection has found. The deletions had a “significant impact” on the ability of staff at the border to seize banned goods and arrest those responsible for smuggling them into the country, the ... Read More »

Pakistan, Russia need to enhance bilateral trade

KARACHI: Karachi Chamber of Commerce & Industry’s President A. Abdullah Zaki has asserted upon the dire need of Russian assistance in gas exploration, development of railways and reconstruction of power sector. Speaking with the Russian delegation, headed by Consul General of Russian Federation Oleg N. Avedeev during his visit to KCCI, along with the delegates from Railways, Gas, Power Sector ... Read More »

Multan Chamber decries additional GST

MULTAN: The Multan Chamber of Commerce and Industry (MCCI) has criticised 2pc increase in general sales tax (GST) on more than 50 items. MCCI President Khawaja Muhammad Usman said that the step to generate revenue through GST was not a decent act as it would lead to high inflation, reduction in manufacturing activities, unemployment and increase poverty in the country. ... Read More »

Ecnec okays 9 projects worth Rs43 billion

ISLAMABAD: The Executive Committee of the National Economic Council (Ecnec) has approved nine projects amounting to Rs42.92 billion in the energy, education, health, transport and communications, irrigation and water sectors. The ECNEC meeting was held under the Chairmanship of Finance Minister Senator Mohammad Ishaq Dar at the Prime Minister’s Office. Minister for Water and Power Khawaja Mohammad Asif, Minister for ... Read More »

32kg gold bars worth Rs100m recovered from Air India flight

CHENNAI: Thirty two gold bars, worth Rs90.500 million in the Indian market, have been recovered from the lavatory of an Air India flight and four persons arrested in this connection. The Chennai Zonal Unit of the Directorate of Revenue Intelligence (DRI) had received a tip-off that a huge consignment of gold would be smuggled from Dubai to Chennai on Air ... Read More »

Tajikistan keen to further improve ties with Pakistan: Ambassador

LAHORE: The Ambassador of Tajikistan, Jononov Sherali, has said that his country was keen to further develop bilateral ties with Pakistan as both the sides have a huge potential in various sectors of the economy. The Ambassador was speaking at the Lahore Chamber of Commerce and Industry. LCCI President Engineer Sohail Lashari presented the Address of Welcome while Senior Vice ... Read More »

Dubai Customs, Telecommunications Regulatory Authority sign MoU

DUBAI: Customs has signed a memorandum of understanding with the Telecommunications Regulatory Authority to exchange expertise and achieve optimal results in regards to customer service provision. In line with the parties’ keenness to implement the electronic link in order to effectively enhance and promote their strategic partnership, and constantly develop it to meet the requirements of all segments of the ... Read More »

Customs seizes 320kg hashish on Egyptian border crossing

CAIRO: Customs officials stopped one of the largest drug-trafficking attempts in recent years, seizing some 320 kg of hashish stashed inside a trailer truck entering Israel by way of the Nitzana crossing, police said. The smugglers hid the hashish inside of crates full of charcoal, and wrapped the bricks in charcoal paper in an effort to throw off the customs ... Read More »

GSP-plus from EU, devaluing rupee to help increase textile exports: APTMA

KARACHI: All Pakistan Textile Mills Association (APTMA) Chairman Yasin Siddik has said that the approval of the Generalised System of Preferences Plus (GSP-plus)  status from the European Union (EU) next year and rupee depreciation against dollar will help increase Pakistan’s textile exports to $15 billion in fiscal year 2013-14. Yasin Siddik said that the sliding of rupee is a positive ... Read More »