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Pak-India trade can be enhanced up to $10b

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Acting President Mian Tariq Misbah has said that the trade volume between India and Pakistan can be increased up to $10 billion. He said that non-tariff barriers, difficulty in visa issuance and other problems faced by traders should be controlled to enhance trade. He said that improvement in trade between the two ... Read More »

FBR to present details of imported arms in SC: Yahya

KARACHI: Chief Collector (South) Enforcement Muhammad Yayha said that Federal Board of Revenue (FBR) has collected all the relevant details and record of the imported arms and ammunition for last three years in order to present it in the next hearing of missing containers case in Supreme Court, Karachi Registry on November 25 (Monday). Muhammad Yahya while Talking to Customs ... Read More »

All glitches of FBR Portal removed

ISLAMABAD: All known issues of e-filing system have been removed at FBR Portal and the taxpayers & tax consultants are making maximum use of the e-filing system. Despite public holiday today, speed of return filing was about 500 returns per hour. On Saturday, up to 7pm, 89,541 returns were received electronically by FBR that is about one third of the ... Read More »

Customs to hold seized goods auction tomorrow

Lahore: Customs Department will hold auction of seized and impounded goods and articles on Monday at 12 noon at Allama Iqbal International Airport. According to details, 28 cars and loaders including Pajero, Land Cruiser, Toyota Corolla, Toyota  Mark II, 15 LCDs, diesel generators, six tons of printing papers, 16,000 metres of cloth, boilers and glass sheets. Sources said that auction will ... Read More »

Missing containers case: FBR chief to appear before SC on Nov 25

KARACHI: FBR Chairman Tariq Bajwa will appear before Supreme Court’s Karachi Registry on Monday in missing containers case. Sources told Customs Today that the high officials of Pakistan Customs were busy in collecting the data of arms imported in last three years to follow the orders of the apex court. The sources further said that the FBR chief had clear ... Read More »

Lankan Customs seizes red sandalwood haul worth Rs100m

COLOMBO: Sri Lankan Customs has seized a container with four metric tonnes of red sandalwood worth some Rs100 million. According to Customs officials, the container was seized from a cargo vessel originating from Chennai, India and bound for the port of Jebel Ali in Dubai, United Arab Emirates. The vessel was berthed at the Colombo port where Customs officials had ... Read More »

Nepalese Customs to go online

KATHMANDU: Import and export in Nepal will take place through online system from next year as the government is working to introduce information technology (IT) based Customs procedure. Government officials said that the IT system was being adopted under the reformation of Nepal’s Customs administration, which aims to ensure trade facilitation. Nepal’s Customs administration has been characterised of being bureaucratic, ... Read More »

Thai Customs seizes 122 smuggled pangolins heading for China

BANGKOK: Thai Customs officials seize 122 live pangolins before they are smuggled out of the country for food. Thai Customs officials seized the pangolins, a scaly animal, as they were being smuggled from Indonesia and Malaysia bound for China and Vietnam. Several species of the mammal have been designated as endangered and any trade is banned by the Convention on ... Read More »

Bajwa urges officers to improve skills to broaden tax net

LAHORE: FBR Chairman Tariq Bajwa has stressed upon the need for improving training skills of officers to work on broadening of tax base plan to increase revenue generation in a better way. He was addressing the final Passing Out ceremony of 40th Specialized Training Program as a chief guest at Directorate General of Training & Research (Inland Revenue), Lahore. The ... Read More »

Hong Kong Customs seizes illicit cigarettes of worth $7.5m

Hong Kong Customs in a two-week special operation seized two cross-boundary vehicles for smuggling illicit cigarettes and smashed five storage points. About three million sticks of illicit cigarettes with total market value of $7.5 million and a duty potential of about $5.1 million were seized in the operation. In the first 10 months of this year, the Customs detected 22 ... Read More »

Pakistan Customs adhering to policy of ‘zero tolerance against tax evasion’

KARACHI: Pakistan Customs is strictly following the directives of Federal Board of Revenue (FBR) and fully adhering to the policy of “zero tolerance against tax evasion”. This was stated by Collector Model Customs Collectorate (MCC) Appraisement-West Muhammad Saleem while talking to Customs Today at his office in Customs House, Karachi. Collector MCC-Appraisement (West) informed that Pakistan Customs has evolved a ... Read More »

Govt to expand fishing business, exports: Michael

KARACHI: Federal Minister for Ports and Shipping Kamran Michael has said that the government is evolving a fresh fisheries policy with a clear view to augment export of the country’s key seafood products especially tuna and shrimp species. Being the chief guest at a seminar on Promoting Rights Based Approaches for Fishermen, jointly organised by WWF-Pakistan and Marine Fisheries Department ... Read More »

Karachi business community suggests railway track for ATT

KARACHI: Prominent figures from Karachi’s business community including former President of Karachi Chamber of Commerce and Industry (KCCI), and former Chairman of Sindh Board of Investment (BoI) have suggested that all cargo coming under Afghan Transit Trade (ATT) should be dispatched to Afghanistan through freight trains. Former Sindh BoI chairman Muhammad Zubair said that previously Pakistan Railways was pushed back ... Read More »

Customs procedures and laws need to be simplified: Sohail Lashari

LAHORE: LCCI President Engineer Sohail Lashari said there are quite a few other things that if given proper direction could create a whole new lot of exporters. For instance, customs procedures need urgent corrective measures. It is not the customs laws alone that need improvement but the staff as well because being the wheels of the same vehicle they are ... Read More »

Apex court orders to book FTO, NAB chairman in NICL case

ISLAMABAD: Supreme Court of Pakistan has ordered to register case against Federal Tax Ombudsman (FTO) Abdul Rauf Chaudhry and National Accountability Bureau (NAB) Chairman Qamar Zaman Chaudhry for creating hurdles in probe into the NICL case. A three-judge bench headed by Chief Justice Iftikhar Muhammad Chaudhry concluded the hearing of the case last week and had saved the verdict in ... Read More »

Police again ‘confiscate’ containers to block roads

KARACHI: Police and law enforcement agencies have once again ‘confiscated’ containers and heavy vehicles from the transporters to block the main roads in the backdrop of countrywide protests against the Rawalpindi incident. The confiscation of containers and other heavy vehicles causing troubles to the importers, exporters and transporters, and also halted trade activities in the country. In Karachi, the roads ... Read More »

Protests against Customs House attack halt Nato supplies, trade activities

LANDI KOTAL: The activities of Customs clearance remained suspended on Friday in protest against the suicide attack on Torkham Customs House in Landi Kotal. Sources said that Nato supplies including Pak-Afghan transit and other trade activities have been suspended in protest against Thursday’s suicide blast in Khyber Agency. At least two people were killed and 25 injured in attack at ... Read More »

Dar urged to stop FBR’s raids on paint industry

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) has urged Federal Finance Minister Ishaq Dar to stop intelligence units of Federal Board of Revenue (FBR) from conducting raids at paint manufacturing units, which are creating unrest and harassment among the business community. LCCI Acting President Mian Tariq Misbah and Vice President Kashif were talking to a 50-member large delegation of ... Read More »

Pakistani held at UK airport with heroin

LEEDS, UK: A Pakistani air steward who was arrested after 2.5kg of heroin was found inside his luggage at the Leeds Bradford International Airport (LBIA), was charged and remanded into custody by a magistrates’ court. Syed Shahrukh Shah, who arrived on a Pakistan International Airline (PIA) flight from Islamabad, was arrested by UK Border Force officials and was charged with ... Read More »

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