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Features & Analyses

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

Effective enforcement need of the hour

ISLAMABAD: The improved performance of tax collection machinery (FBR) can make a real difference in terms of displaying a tag of success for IMF’s sponsored bailout package of $6.67 billion for Pakistan’s ailing economy under Extended Fund Facility (EFF). This 36-months program of IMF will be derailed if FBR fails in improving stagnant tax-to-GDP ratio by broadening of narrowed tax ... Read More »

Declining forex reserves: Closing the trade gap the only answer

There is a growing gap between exports and imports, putting an unbearable pressure on the balance of payments. Of the myriad challenges facing the national economy, the most formidable is its vulnerable external position. The widening trade gap, steadily falling financial inflows and debt repayments have led to a marked drawdown of the forex reserves. According to the data released ... Read More »

Kamil Museum tells the story of Customs from 1878 to date

KARACHI: One of the treasures of Pakistan Customs lies hidden in the Directorate of Training and Research Building. It is known as ‘The Kamil Museum of Customs’. It is an embodiment of the process of evolution of customs in Pakistan, and a testament to its vital role in the national economy. The museum has been named after Mr Kamil Hassan, ... Read More »

FBR Year Book 2012-13 paints a bleak picture of revenue collection

ISLAMABAD: Pakistan’s tax-to-GDP ratio had dropped drastically to 8.5 percent during last financial year 2012-13 from 9.1 percent the preceding year 2011-12 mainly due to the dismal performance of tax authorities which missed the annual revenue collection target by Rs 442 billion. According to ‘Year Book 2012-13’, Federal Board of Revenue collected Rs. 1939 billion during previous fiscal year as ... Read More »

Port of Salalah earns global recognition

MUSCAT: A recent study released by the US-based JOC Group, which includes the Journal of Commerce, and the PIERs data service, has declared the port of Salalah as the sixth top trans-shipment port globally and 18th top port globally. According to the study, the port has also been successful in bagging a number of high positions in various categories in ... Read More »

Port Qasim to have 100,000 barrels Trans Asia Oil Refinery

KARACHI: Trans Asia Refinery Ltd (TRL), located at Port Qasim, has declared its “total commitment” to building the most complex refinery in Pakistan, producing more than 100,000 barrels a day and 4 million tonnes of petroleum products every year. In a major boost to the country’s economy, TRL signaled the end of previous delays with an undertaking that “the investors ... Read More »

Mughalpura Dry Port road in shambles

  Staff Reporter LAHORE: Despite the fact that the government earns billions of rupees revenue from the Lahore Dry Port, the important over 200-metre long road leading to the main entrance of the Port has been left unpaved, creating problems for movement of vehicles, for the last several years. The broken road of the dry port causes serious inconvenience for ... Read More »

Customs House Nabha Road gets a face-lift

M. Jehangir LAHORE: The Customs House Nabha Road, a four-storey building and hub of all customs related activities, has been given a new face-lift by renovation work done by NESPAK. NESPAK A&P Division Lahore completed renovation of the Customs House Nabha Road, having covered area of 9,006 sqm. The renovation work included documentation and assessment of the existing building, detailed ... Read More »

Karachi International Container Terminal a facility par excellence

SOHAIL RAB KHAN KARACHI: The Karachi International Container Terminal (KICT), the country’s one of the leading container terminal operators, has been operating since 1998. It is located within the Karachi Port covering a total area of 26.03 hectares. The KICT has five berths equipped with modern container-handling equipment and each berth is 973 metres in length. Nine container quay cranes ... Read More »

Branchless Banking: Pakistan vs Bangladesh

CUSTOMS TODAY REPORT LAHORE: Pakistan’s market is hailed as an innovation laboratory for branchless banking (BB) services within the South Asia region as well as outside. But it seems that Pakistan’s regional leadership could soon be taken over by a relatively late entrant in the sector: Bangladesh. Keeping in mind that Pakistan and Bangladesh have similar populations, mobile penetration and ... Read More »

Pakistan should ink more free trade agreements

SYED MOHAMMAD TAHIR  LAHORE: In recent years, we have witnessed a spectacular rise of regional and bilateral trade agreements in most parts of the globe. In Asia, a myriad of new trade agreements have blanketed the whole region where not only individual countries are signing new trade agreements with others states but economic blocs also prefer to ink various Memorandum ... Read More »