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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

Faisalabad ASO seizes smuggled goods worth Rs12.60m

FAISALABAD: Collectorate of Customs Anti-Smuggling Organization (ASO) has foiled a bid to smuggle forein origin whey milk powder Chinese salt and raisin worth Rs 2.60 million. Sources told Customs Today that Collector Fayyaz Anwar received credible information about smuggling attempts. He immediately constituted a team under the supervision Deputy Collector Amjad Aman and Superintendent Anjum Sheraz to confiscate the smuggled ... Read More »

Govt rejects speculations on IMF review

ISLAMABAD: The Ministry of Finance has described as misleading and factually incorrect a news item published in a section of the press suggesting that tough prior actions [are] needed for IMF’s $452 million third tranche. In an official statement issued here, the Ministry of Finance has stated that it is completely normal for quarterly reviews to sometimes take a few ... Read More »

KPT rejects reports regarding toxic gas leakage from port area

KARACHI: Karachi Port Trust (KPT) has clarified new reports about leakage of toxic gas from inside port area. KPT spokesman in a statement on late Sunday night said that there has been no leakage of chemical or gases inside the KPT port area and from any berthed vessel/ship. “All safety precautions remain applied while handling POL or chemicals from ships ... Read More »

Investors keen to invest in Allama Iqbal Industrial City

FAISALABAD: Chairman Faisalabad Industrial Estate Development and Management Company (FIEDMC) Mian Kashif Ashfaq has said the government is working on multiple fronts to enter into new markets in order to boost exports in post-Brexit scenario. Talking to a delegation, he said foreign investors are keen to invest in Allama Iqbal Industrial City in Faisalabad, a prioritised Special Economic Zone under ... Read More »

Customs House closed after poisonous gas faints 4 people

KARACHI: The Customs House was closed on Monday after four people fell unconscious there while dozens started vomiting as a result of a “mysterious gas leak” in the Kemari port area of the metropolitan, according to Karachi Customs Agents Association. The Customs authorities said employees have been given leave since air quality is not good. At least five people were ... Read More »

Hafeez Shaikh stresses upon need to adopt technological change in business sector

KARACHI: Advisor to Prime Minister on Finance and Revenue Abdul Hafeez Shaikh said that increasing exports remain the top priority of the incumbent government and business graduates should play their role in increasing the capacity of the government. Addressing the Deans and Directors Conference 2020, Hafeez Shaikh said that the economy is coming out of the crisis situation and it’s ... Read More »

Importer moves SHC against detention of imported goods

KARACHI: Importer Syed Saddruddin has approached the Sindh High Court (SHC) and filed petition against detention of his imported goods by officials of Collector of Customs Preventive. On 15 February 2020, counsel for the petitioner stated that petitioner is the law abiding and peace loving citizen of Pakistan and he attends the notable respect in the society and known as ... Read More »

Customs Court extends pre-arrest bail of clearing agent of M/s Rawandi & Brothers

KARACHI: The Customs Court extended pre-arrest bail to suspect namely Behram Khan son of Haji Hayat Khan, partner M/s Rawandi & Brothers clearing agent، in a case of attempting to smuggle contraband goods via Afghan Transit Trade. On 15 February 2020, counsel for the accused argued according to the prosecution that M/s TPL Tracker Private Ltd observed that a vehicle ... Read More »

Australia to provide Pakistan $1.2m grant for uplift of rural areas

ISLAMABAD: Australian government will provide Pakistan 1.2 million Australian dollar grant for uplift of rural areas. According to a statement issued by the ministry, Economic Affairs Division Acting Secretary Ahmad Hanif Orakzai and Australian Center for International Agriculture Research (ACIAR) Chief Executive Officer Professor Andrew Campbell signed a memorandum of subsidiary agreement on “understanding the drivers of successful and inclusive ... Read More »

LTU posts 15pc growth during seven months of FY20

KARACHI: Large Taxpayers Unit (LTU) Karachi has registered 15 percent growth in revenue collection during first seven months of current fiscal year, a statement said on Monday. The LTU Karachi said that it had collected Rs796 billion during July – January 2019/2020 as compared with Rs690 billion in the corresponding period of the last fiscal year. The unit collected Rs108 ... Read More »

Gold rates continue to climb in local, international markets

KARACHI: Gold ascends in the local markets on Saturday with the per tola price of the precious metal registering at Rs90,900 with a Rs100 appreciation. 10 grams worth of gold also climbed Rs 86 with the overall worth for 10 grams stabilising at Rs 77,932. International markets also saw a sizeable upsurge in the price of the golden metal, recording ... Read More »

Customs Preventive keen to root out smuggling: Collector Saqif Saeed

KARACHI: Collectorate of Customs Preventive Collector Muhammad Saqif Saeed has said that Pakistan Customs playing vital role against the smugglers but after the directive of the Prime Minister Imran Khan the department is working round the clock to root out the menace of smuggling. Addressing a press conference in Keamari Customs Club the Collector Customs Preventive Muhammad Saqif Saeed said ... Read More »

UK to extend full support for youth development in Pakistan: Christian Turner

  SIALKOT: -British High Commissioner in Pakistan Dr. Christian Turner has assured his full cooperation , support and assistance for the youth development in Pakistan. He stated this during his meeting with Usman Dar (Special Assistant to Prime Minister on Youth Affairs) at his residence Jinnah House Sialkot here today. British High Commissioner Dr. Christian Turner discussed in details the ... Read More »

Africa likely to use Gwadar Port to have access to CARs, China: Razak Dawood

ISLAMABAD: Africa having 54 countries in it and population of 1.2 billion people with the size of economy at $2.4 trillion has positively indicated to using CPEC (China-Pakistan Economic Corridor) and Gwadar Port to ensure access for its products to the markets of Central Asian Republics (CARs) and China. And more importantly Africa has also shown its willingness to start ... Read More »

Pakistan-Turkey sign MoU to enhance cooperation on trade & customs

ISLAMABAD: A Memorandum of Understanding (MoU) has been signed between the Ministry of Trade of the Republic of Turkey and Federal Board of Revenue on trade facilitation and customs cooperation matters in Prime Minister House. The MoU was signed by the Turkish Minister of Trade, Ms Ruhsar Peckan, and the Adviser to Prime Minister on Finance and Revenue, Abdul Hafeez ... Read More »

Money laundering case: NAB Lahore raids Sharif family’s company offices

LAHORE: The National Accountability Bureau (NAB) Lahore Saturday raided Sharif family’s company offices in money laundering case and seized computers and other important record, sources familiar to the matter informed media. According to details, the raids were conducted at the offices of Salman Shahbaz and Muhammad Usman. Furthermore, documents were confiscated from the office of the chief financial officer of ... Read More »

FATF to review Pakistan’s possible grey list exit from tomorrow

ISLAMABAD: A five-day session of the Financial Action Task Force (FATF) will begin tomorrow in Paris in which Pakistan’s performance on the implementation of the global illicit financing watchdog’s 27 action points to curb terror financing and money laundering will be reviewed. Experts are of the view that Pakistan is expected to exit the grey list soon after winning a ... Read More »

SHC seeks reply on petition filed by clearing agents against lodging FIR

KARACHI: The Sindh High Court (SHC) issued notices to the customs officials and directed them to file their para wise comments on a constitutional petition filed by Clearing agent namely Fahad Mirza against lodging first information report (FIR). On 13 February 2020 a two-member bench, headed by Justice Aqeel Ahmed Abbasi was hearing the matter. During the hearing, counsel for ... Read More »

Customs Court approves bail of suspects in contraband goods smuggling case

KARACHI: The Customs Court granted bail to suspects namely Naseer Ahmed son of Ali Khan and Muhammad Irfan son of Sher Muhammad against the surety of Rs100,000, who were booked in a case of attempting to smuggle betel nuts, foreign origin tyres, Ajinomoto salt etc. On 14 February 2020, during the hearing, counsel for the accused argued that their clients ... Read More »

A weekly review: Stock market continues battling FATF and virus concerns

KARACHI: The stock market kept struggling for its sustainability in the outgoing week as confusion and uncertainty surrounded potential investors until late Friday when the IMF, in its concluding remarks affirmed that Pakistan had been successful in completing the “structural benchmarks” as well as in meeting “all end-December performance criteria” which had been set for the implementation of $6 billion ... Read More »