Friday , November 27 2020
Breaking News
Home / Tag Archives: Customs Today (page 13)

Tag Archives: Customs Today

Current Account deficit rises to $454m

KARACHI: The current account deficit of the country rose in the first month of the current fiscal year as compared to July last year and June 2014. According to the State Bank of Pakistan, the current account deficit on July 15 was $454 million, much higher than $125 million last year. Despite very high remittances of about $16 billion, the ... Read More »

Local market brimming with smuggled Iranian tiles

KARACHI: The local industry has expressed great concern over the heavy influx of Iranian tiles and has urged the government to take effective measures to check the inflow of smuggled tiles which are not only depriving the exchequer of revenue but also posing a great threat to the local industry. According to the All-Pakistan Ceramic Tiles Manufacturers Association (APCTMA), it ... Read More »

Gold sheds Rs 90 per tola as dollar gains strength in world market

LAHORE: Gold prices closed lower on Friday in the local markets as the precious metal suffered losses in the global trading at the hands of a rising dollar. After witnessing a decrease of Rs 90 per tola (11.644 grams), gold prices for 24 karat closed at Rs 49,090 as compared to Thursday rates of Rs 4,9100 in city gold markets. ... Read More »

Restart of talks helps rupee to firm value

LAHORE: With the ‘apparent’ signs of improvement in the prevailing political scenario, Pak Rupee managed to sustain its value against US Dollar and other international currencies in currency market. Though no extra ordinary market demand for the US dollar was seen, its rates remained stable. Market players said that emergence of new political situation with restart of dialogue process between ... Read More »

ANF seizes 30kg drugs, nabs six peddlers

ISLAMABAD: The Anti-Narcotics Force (ANF) has seized 24.68 kilogramme of heroin, 5,750 psychotropic tablets and 2.20 kilogramme of charas and arrested six drug smugglers along with three vehicles. According to ANF, the force captured the drugs and nailed the peddlers in five operations carried out in Multan, Kohat, Peshawar and Karachi. As per details, the Peshawar ANF team intercepted a ... Read More »

Appraisement-East clarifies procedure for prior examination

KARACHI: Model Customs Collectorate (MCC) Appraisement (East) Collector Najeebur Rehman Abbasi, through a public notice no 4/2014 (A), clarified procedure for prior examination permission to owner/authorized clearing agent under 1st provision to Sub-Section(1) of the Section 79 of Customs Act, 1969. According to details, the MCC-Appraisement (East), to facilitate trade and streamline procedure with regard to permission to owner (or ... Read More »

Dar likely to speak on state of economy in Senate today

ISLAMABAD: Finance Minister Ishaq Dar is likely to present two important economic reports to the Upper House of Parliament here on Friday (today). Sources privy to the development, told Customs Today that the finance minister was likely to submit the third quarterly report for year 2013- 2014 of the Central Board of Directors of State Bank of Pakistan on the ... Read More »

Withholding tax notices served on 400 individuals, concerns

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-I has issued 400 withholding tax notices to various business concerns and individuals. Sources said that the RTO-1 issued one week notice to the withholding tax agents, including housing societies, contractors, doctors and textile mills for the financial year 2014-15. They informed that the withholding tax agents would produce their record ... Read More »

Petroleum Ministry hopeful of LNG import by year-end

ISLAMABAD: The Ministry of Petroleum and Natural Resources is hopeful that the import of Liquefied Natural Gas (LNG) is likely to start by the end of this year to offset the fast depleting natural gas reserves in the country. According to an official of the ministry, the LNG will be imported through a transparent process and at competitive prices. He ... Read More »

KCAA announces annual polls on Sept 25

KARACHI: The Karachi Customs Agents Association (KCAA) has announced date for holding of its annual general elections for the year 2014-15. According to details, the elections of Karachi Customs Agents’ Association (KCAA) would be held on September 25, upon completion of the one-year tenure of the incumbent KCAA body. KCAA General Secretary Faisal Mushtaq confirmed to Customs Today that the ... Read More »

Shaheen Air allegedly evades over Rs 4b taxes

KARACHI: The Collectorate of Customs Adjudication-I has revealed that a total of alleged tax evasion amount against Shaheen Air International Limited is calculated at Rs 4.145 billion from 2008 to 2014. Sources informed Customs Today that the total evaded duty/taxes by Shaheen Air during the period of 2008 to 2014 have been calculated at Rs 3.943 billion against 26 aircrafts. ... Read More »

Exporters want end to PTI, PAT protests, sit-ins

SIALKOT: Exporters, manufacturers and traders have rejected the civil disobedience call of Pakistan Tehreek-e-Insaf (PTI) and termed it detrimental for economy of the country. PTI and PAT long marches and sit-ins have been hindering the trade and commerce activities adversely as a result of which the business community is facing serious hardships because a large number of foreign export orders ... Read More »

Chinese company gives buses to Gwadar schools

QUETTA: The China Overseas Port Holding Company has donated three buses to schools in the port city of Gwadar. Chinese Consul General in Karachi Ma Yoau, Gawadar Port Authority Chairman Dostain Khan Jamaldini, Provincial Education Secretary Ghulam Ali Baloch and Makran Division Commissioner Abdul Fateh attended a ceremony in which the buses were handed over to the schools. Read More »

FBR revenue increases by 8pc despite Imran, Qadri marches

ISLAMABAD: The tax collection of Federal Board of Revenue (FBR) has not affected by current political turmoil due to Imran and Qadri’s marches which cost Rs450 billion losses to economy of Pakistan in last few days. As per details, FBR has managed to collect Rs79 billion of revenue in current month till August 18 with an increase of 8 per ... Read More »

Imran Khan gets flak over ‘don’t pay taxes’ call

ISLAMABAD: PTI Chairman Imran Khan’s call for civil disobedience and non-payment of taxes drew stiff opposition from business community, industrialists and chambers of commerce. They described Imran’s political approach as negative and questioned the logic behind his call for non-payment of taxes and utility bills. As per details, the Lahore Chamber of Commerce and Industry (LCCI) rejected the call for ... Read More »

Imran’s march on Red Zone: KSE sheds 222 points

KARACHI: The prevailing political turmoil continued to take toll on all sorts of economic activities across the country as stocks saw a huge fall as Karachi Stock Exchange-100 Index declined by more than 222.03 points and reached the level of 28,630 in today trading session. Analysts reflected that if the current political scenario prevailed, the situation in stocks would also remain ... Read More »

Customs appraisement-West arranges seating for visitors

KARACHI: The Model Customs Collectorate (MCC) of Appraisement (West) taking the grievances and issues of traders’ community, importers and Customs agents into considerations has arranged proper seating arrangements in assessment halls and outside the offices of deputy collectors and assistant collectors for importers and Customs agents who turn up there for hearing of their cases. The MCC-Appraisement (West) keeping the ... Read More »

80,000 litres of smuggled diesel seized: Collector Sarfraz Warraich

MULTAN: A team of Model Customs Collectorate Multan raided a petrol pump in Dera Ghazi Khan and recovered 80,000 litres of smuggled diesel worth Rs8.8 million from two oil tankers. Multan Customs Collector Sarfraz Warraich told newsmen that two oil tankers (TC-909) and (TKM-719), owned by Mohiuddin and Noor Ahmad, residents of Quetta were intercepted at a petrol pump in ... Read More »

Tuesday August 19 -Monday August 25, 2014

Customs Today News Paper

Read More »

Multan Customs captures smuggled goods worth Rs38m

MULTAN: Customs Intelligence recovered smuggled goods worth Rs38.133 million in the first month of the current fiscal year. Customs Additional Director (Intelligence) Nisar Ahmad informed newsmen that the smuggled items also included six non-customs-paid vehicles worth Rs 9.5 million. Other items included generators, dry milk, carbon, steel rolls, cloth, bicycle auto parts and diesel. Nisar said that customs intelligence network ... Read More »