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Tag Archives: Customs I&I

TDAP to organize ‘Alishan Pakistan’ exhibition in New Delhi

ISLAMABAD: Despite strong opposition by an Indian Hindu fundamentalist organisation, preparations are in full swing to make the upcoming event ‘Aalishan Pakistan’ lifestyle exhibition in New Delhi a big success. The event is being organised by Trade Development Authority of Pakistan (TDAP). The Hindu Janajagruti Samiti (HJS), working for establishment of Hindu society, has demanded the Indian government stop the ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »

Heavy rains play havoc with Lahore dry ports

LAHORE: Like other areas of the city, torrential rains have played havoc with already insufficient infrastructure at the Lahore Dry Port; bring business activities to a grinding halt. The Mughalpura Dry Port and Thokar Niaz Baig Dry Port have faced devastation to their already underdeveloped infrastructure due to the recent heavy rains. The dry ports have been inundated in rainwater ... Read More »

Islamabad Dry Port collects Rs 140 million customs duty in August

ISLAMABAD: The Islamabad Dry Port collected Rs 140 million revenue in August despite the fact that the Federal Board of Revenue (FBR) has not yet assigned any target for this fiscal year to the port authority. However, the dry port collected Rs 136 million in customs duty in August amid the slowdown in economic activities. The port had collected Rs ... Read More »

Enigma of electricity bills

The official machinery in Pakistan has been outrageously proving for years that it is incapable of handling any situation from planning to implementation level. The political governments come and go and they only give directions and policies on certain issues. However, it is the bureaucracy which plans and implements the government directions. In its latest move, the government has chosen ... Read More »

Bajwa lauds Virk for detecting TCS, Telenor cases

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa visited Directorate General of Customs Intelligence and Investigation on Friday. Director General I&I Lutfullah Virk briefed the chairman on the performance of the department during the chairman’s first visit to directorate general after the appointment of Lutfullah as DG I&I. The FBR chairman lauded the efforts of DG I&I Lutfullah on his ... Read More »

Hyderabad Customs seizes 35,000 litres Iranian oil

HYDERABAD: The Hyderabad Anti-Smuggling Squad has seized contrabands worth Rs 5.9 million including 35,000 litres Iranian oil and 17,000 metre cloth in August. As per details, Hyderabad Assistant Collector Preventive Imanullah on directives of Model Customs Collectorate Collector Dr Wasif Ali Memon, conducted successful raids against Iranian diesel, cloth and other contrabands and recovered the smuggled goods worth Rs 5.9 ... Read More »

Bajwa postpones Multan RTO visit due to rains

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has postponed his visit to Multan Regional Tax Office (RTO) which was scheduled on September 5, due to heavy rains in Punjab. Now, the FBR chairman will visit the Multan RTO on September 8 as per the new schedule issued from his office. The FBR chairman and member Inland Revenue Muhammad ... Read More »

FBR sets Rs 252 billion revenue target for September

ISLAMABAD: The Federal Board of Revenue (FBR) has set an ambitious target of Rs 252 billion for September, sources said. According to official sources, the tax collection target for the first quarter (July and September) of the ongoing fiscal year is Rs 569 billion. Sources said that the FBR has achieved the tax collection targets of the first two months, ... Read More »

FBR to charge 7.5% tax on electricity bills

ISLAMABAD: Federal Board of Revenue has obtained the list of commercial and bulk electricity consumers and sent it to regional tax offices to make tax collection possible. Sources told Customs Today that FBR, with coordination of KESC and DISCOS, will collect 5 per cent and 7.5 per cent sales tax on electricity bills. “The consumers with Rs 20,000 or above ... Read More »

PIA, Air Blue, Shaheen Air tried in Rs 1 billion tax scam case

KARACHI: The hearing of sales tax case between two state owned organizations, Pakistan Customs and Pakistan International Airlines (PIA), was conducted at Sindh High Court (SHC). Additional Attorney General Attiq Shah on behalf of both organizations attended the hearing in Sindh High Court. As per details, Pakistan Customs had raised demand of over Rs 1 billion in share of sales ... Read More »

DG Lutfullah Virk takes strict notice of staff absence

ISLAMABAD: Lutfullah Virk, the director general of customs intelligence and investigation, Islamabad, has taken serious notice of the absence and late coming of employees due to current political situation in the capital and warned them of stern action if they didn’t attend the office in time. The director general has also decided to install a bio-metric system in the office ... Read More »

Maneka, Customs officials for removing ATT, WeBOC hurdles

KARACHI: A meeting was held to discuss transit trade and review the progress of the reconciliation of consignments moving from Karachi ports to border points of the Pakistan Customs in Peshawar and Quetta. Director General of Transit Trade (TT) Khawar Farid Maneka presided the meeting which was attended by the additional director Karachi, deputy director TT processing Karachi, deputy director ... Read More »

Political crisis amid inflation

The warning bells are ringing from all sides amid political crisis in Islamabad. The whole world is watching developments in Pakistan and friendly countries like China and the United States are looking the events with concern. The Indian prime minister, who is spitting venom against Pakistan since his Bharatiya Janata Party has come to power,is also worried about the situation ... Read More »

Vehicle amnesty scheme: FBR seeks reply from Collector Wasif Memon

KARACHI: Federal Board of Revenue (FBR) Customs Tariff-III Secretary Syed Ali Zaman Gardezi has asked the Collector of Customs (Inquiry Officer) Dr Wasif Ali Memon to submit his written reply against the impugned charge-sheet C 9 (2) /2014-M.I in connection with the illegal import of 119 vehicles under the amnesty scheme. As per details, the FBR has requested for attested ... Read More »

Bajwa to visit Multan RTO on Friday

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will visit Multan Regional Tax Office (RTO) on September 5 (Friday) to review the field formation operations and tax collection efforts. As per details, the FBR chairman and member Inland Revenue Muhammad Ashraf Khan will visit Multan RTO on Friday to discuss the strategy to achieve the revenue target for current fiscal ... Read More »

ONO issued against Water Link in NATO goods pilferage case

KARACHI: Ahmed Mujtaba Memon, the Collector of Customs Adjudication-I, has issued Order-in-Original (ONO) against Water Link Pakistan (Private) Limited. The ONO was also against Water link Pakistan Managing Director Ghulam Mustafa, manager, assistant manager (operations) Karachi Port Trust, broker of New Ittehad Shanwari, supervisor of Water Link, owner of confiscated vehicle, drivers, Ehsanuddin and Company (Private) Limited, Fayyaz Hussain of ... Read More »

Customs seizes smuggled goods from The Mall

LAHORE: The Anti-Smuggling Cell of the Model Customs Collectorate (MCC) Lahore has confiscated smuggled goods worth Rs 3 million in a raid on The Mall. Sources told Customs Today that the anti-smuggling unit seized 260 dish receivers, 15 LEDs and mobile accessories on The Mall near GPO in Lahore.   Read More »

FBR exceeds revenue target for August by Rs 3 billion

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the monthly revenue collection target of Rs 180 billion for August 2014 as it collected over Rs 183 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 183 billion during August 2014 against assigned monthly revenue collection target of Rs 180 billion with ... Read More »

Telenor terms allegations of tax evasion by customs baseless

KARACHI: Telenor Pakistan Director Corporate Communications and Responsibility Atifa Asghar, in response to the allegations of tax evasion, said that Telenor Pakistan was a law-abiding and responsible corporate entity, and that it always met its legal and ethical obligations. “The allegation of tax evasion is misconceived and incorrect,” she told Customs Today. “It is a matter of different interpretations and ... Read More »