Sunday , January 26 2020
Breaking News
Home / Latest News (page 5)

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

LaGuardia Logistic moves SHC against detention of jet fuel & oil tanker

KARACHI: LaGuardia Logistic Private Limited has approached the Sindh High Court (SHC) and filed a constitutional petition against detention of 49,125 liters jet fuel (JP-8 Type Fuel) sold by PSO to Nordic Camp Supply to be delivered to ISAF/NATO at Kandahar, Afghanistan. On 17 January 2020, counsel for the petitioner stated in its petition that petitioner undertook to transport 49,125 ... Read More »

Finance division officers, staff offer Fateha for Omar Hamid Khan’s father

ISLAMABAD: The officers and staff of the Finance Division gathered here Tuesday to offer a collective Fateha for the soul of Wing Commandar ® Chaudhry Abdul Hamid father of Omar Hamid Khan, Special Secretary Finance and Official Spokesperson Finance Division. The prayer was led by Hafiz Muhammad Imran from the Bari Imam Shrine and was attended by a large number ... Read More »

TPL Trakker starts first container tracking services from Gwadar Port

KARACHI: TPL Trakker Ltd., a wholly owned subsidiary of TPL Corp, has kicked off container tracking services from Gwadar Port. TPL Trakker Chief Executive Officer (CEO) Sarwar Ali Khan, said, “We are proud of the Government’s ambitious blueprint for the long-term development of Gwadar Port and are looking forward to the materialization of the Gwadar Smart Port City master plan. ... Read More »

Multan Preventive recovers NDP tyres worth Rs4.5m in raid at private warehouse

MULTAN: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) recovered Rs4.5 million of non-customs paid light traffic vehicles (LTV) tyres in successful raids at the private warehouse. Collector Multan Customs Muhammad Saleem has intensified the crackdown against smuggled goods under the special directions of Chief Collector Enforcement Zeba Hai Azhar to curtail smuggling in the South Punjab and anti-smuggling squad has ... Read More »

ASO impounds non-customs paid Kato crane worth Rs2.5m

MULTAN: Anti-Smuggling Organization of Customs Preventive has impounded a non-customs paid foreign origin Kato crane worth Rs2.5 million. According to details, Multan Customs Preventive received credible information that non-customs paid construction machinery moving on the roads in Multan city. Customs Anti-Smuggling Organization formed a special team to take strict action against non-customs paid vehicles. Multan Customs started checking of the ... Read More »

Faisalabad ASO seizes smuggled plastic bags

FAISALABAD: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) team started crackdown against smuggling. The ASO team seized of foreign origin plastic shopping bags worth Rs 10 million. Deputy Collector Preventive Amjad Aman Leghari while disclosing the crackdown details said that he was shared a secret information with Collector Preventive Muhammad Saleem and Superintendent Muhammad Anjum Sheraz who formed  anti-smuggling squad ... Read More »

CDNS achieves collection target of Rs116b by Jan 10

ISLAMABAD : The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs116 billion by January, 10 of fiscal year 2019-20. The CDNS has set Rs352 billion annual collection target for the year 2019-20 as compared to Rs324 billion for the previous year’s 2018-19 to enhance savings and promoting saving culture in the country, senior official of ... Read More »

Gold prices continue to soar in markets across Pakistan

KARACHI: Gold prices in the local market on Monday edged up by Rs250 to Rs89,700 per tola. Likewise, the rate of 10 grams of precious yellow metal also increased by Rs215 and is being traded at Rs76,903. Meanwhile, Gold prices in the international market were also increased by $4 to $1561 per ounce. Silver prices in the country per tola ... Read More »

NAB distributes Rs14.4m among 56 affectees of Lake Vista Residentia Hosuing Scheme  

ISLAMABAD: National Accountability Bureau (NAB), Rawalpindi has distributed Rs 14.4 millions among 56 affectees cheated by the owners of a fake housing society Lake Vista Residencia located at Mouza Abdullah, Adayala Road Rawalpindi. Director General NAB Rawalpindi Irfan Naeem Mangi said the bureau was making all out efforts to recover the looted money from the swindlers. The accused Malik Muhammad ... Read More »

Bears dominate as KSE-100 drops 420 points

KARACHI: Pakistan Stock Exchange (PSX) witnessed a negative start to the trading week, as the indices remained in the red zone for almost the entire session on Monday, dragging the benchmark KSE-100 Index below the 43,000-mark. On the economic front, a Pakistani delegation is currently on a three-day visit to Beijing where it would hold talks with Financial Action Task ... Read More »

PM approves containers scanning project under Afghan Transit Trade

KARACHI: Prime Minister Imran Khan has approved a project costing €250 million to scan 100 percent imported containers shipping goods under Afghan Transit Trade project. The project would be completed in three phases by December 2020 and the pilot operation would start in April 2020. Under the project, special scanners would be installed at all crossing points and custom clearing ... Read More »

PM Imran directs to wave off unnecessary taxes on small shopkeepers

ISLAMABAD: Prime Minister Imran Khan has on Monday directed to wave off unnecessary taxes on small shopkeepers and to not put them in undue trouble. The premier held consultations with the chief ministers and the Pakistan Board of Investment while taking notice of the taxes that are collected in the name of inspection and unneeded certification. Imran Khan ordered to ... Read More »

KPT ships movement, cargo handling report on Jan 20

KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 48 hours, ending at 0700 hours on Monday. SHIPS BERTHED: Kota Gunawan Container Ship Roy Maersk Tanker Grace Clinkers Le Li General Cargo Clearocean Tanker V Fulmar Clinkers Dolphin I I Container Ship Positive Leader car Carrier SHIPS SAILED: Xin Los ... Read More »

PRA tax collection increases 23pc in 1H of FY20

LAHORE: The Punjab Revenue Authority (PRA) has claimed that it has increased its tax collection by 23.2% in the first half of fiscal year 2019-20. As per official statistics, the provincial revenue authority has managed to earn Rs53.2 billion in six months of 2019-20 against Rs43.2 billion in the corresponding period. PRA has been given a revenue target of Rs166.550 ... Read More »

FBR to get access to taxpayers’ data

ISLAMABAD: The government decided to give access to Federal Board of Revenue’s (FBR) inland revenue database to curb money laundering and terror financing in compliance with the action plan of the Financial Action Task Force (FATF). According to media, the government has introduced a policy to provide the unit access to the FBR’s inland revenue database through mutual consultation with ... Read More »

Pak Rupee depreciates by 2 paisa against dollar in early trade

KARACHI: The Pakistani rupee depreciated by two paisa against the US dollar in the interbank market at the start of Monday’s trade. According to forex dealers, the dollar is trading at 154.58 against the local currency as compared to last week’s closing of 154.56. Last week, the rupee rose 27 paisa to finish at 154.56 from 154.83 against the dollar ... Read More »

Fertilizers production grew in first five months of FY2019-20

ISLAMABAD: Fertilizers production in the country during first five months of current financial year increased by 8.18 percent as compared the output of the corresponding period of last year. During the period from July-November, 2019-20, nitrogen fertilizers grew by 8.18 per cent as over 1.364 million tons of fertilizers produced as against the production of 1.261 million tons of the ... Read More »

Stocks edge down amid negative sentiments among investors

KARACHI: The Pakistan Stock Exchange (PSX) on Monday has been witnessing bearish trend as the KSE 100-share Index lost 114.77 points or 0.27 percent amid absence of positive triggers, and prevailing negative sentiments among investors due to rising political noise between the political parties. The Index hit 43,053 points as of 10.54am. The Index today opened at 43,245.13 points. In ... Read More »

Int’l conference on LNG to be held on Jan 31

ISLAMABAD: A daylong international conference titled “LNG for Pakistan” is scheduled to be held here on January 31 with a special focus on prevailing countrywide gas supply situation amid severe spell of cold weather. The seminar, organized by Energy Update – a trade magazine, is aimed at addressing the issues related to Pakistan’s energy requirements and determining the role of ... Read More »

Essential commodities’ prices rise from Sept to Jan 2020

LAHORE: Prices of essential commodities have skyrocketed, bringing massive financial pressure on the common man. According to media investigation report, significant hike in the prices of pulses, wheat flour, chicken, ghee, sugar, vegetables, LPG, garlic, tomatoes, onion, potatoes, mutton, tea and other items of daily use was observed in the period from Sept. 2018 till Jan. 2020. The price of ... Read More »