Friday , October 30 2020
Breaking News
Home / Tag Archives: Customs Today (page 29)

Tag Archives: Customs Today

Phase I of Gwadar port development completed

ISLAMABAD: During the National Assembly session, Minister for Ports and Shipping Kamran Michael has informed the house that a high level committee has been constituted to acquire land for Gwadar Port. He said that a number of projects on the port under phase 1 have been totally completed. The completed projects include three multipurpose berths, each 200 metre long and ... Read More »

Crackdown: 32 illegal petrol pumps demolished, dozens arrested

KARACHI: Inter-Agency Task Force (IATF) has launched a grand operation against the illegal petrol pumps located in different areas of the city. Details reveal the special teams of IATF comprising of Pakistan Customs, Pakistan Rangers, Anti-Narcotics Force (ANF), Pakistan Coast Guards, Maritime Security Force and Sindh police raided illegal petrol pumps in different areas of the city and demolished the ... Read More »

MCC Appraisement-West collects Rs15,680m in April, misses target

KARACHI: Model Customs Collectorate of Appraisement-West has managed to collect Rs 15,680 million for the month of April, 2014 in share of different heads including customs duty, sales tax, income tax and federal excise duty (FED). According to sources, FBR had set a revenue target of Rs 20,920.74 millions for the month of April, 2014 for MCC Appraisement-West. However, it ... Read More »

FBR taking special measures to meet target: Shahid Asad

LAHORE: Federal Board of Revenue Official Spokesperson Shahid Hussai Asad has said that FBR will reinforce its collection mechanisms as it is taking special measures to meet target of 2,345 billion rupees. A source quoted Asad, who is also Member Inland Revenue, as saying that the government has decided not to put extra burden on masses through increasing sales tax ... Read More »

FPCCI suggests a new shift in taxation regime

KARACHI: Federation of Pakistan Chambers of Commerce and Industry President Zakaria Usman has suggested a new taxation regime in FPCCI’s shadow budget. He said that before describing the basis of taxation measures, it seems necessary to describe the present structure of taxation policies in Pakistan. It is noteworthy that inducement of private investment particularly foreign direct investment is the only ... Read More »

Govt to get strict on illegitimate edibles

ISLAMABAD: Federal Commerce Khurram Dastgir has told the National Assembly that the government is drafting a law to restrict import of Haram edible ingredients into Pakistan which shall be promulgated within the current year. While addressing the Parliament the minister said the Ministry of Science and Technology, Ministry of National Food and Security and Ministry of Commerce are jointly crafting ... Read More »

Pak-India trade needs to extend beyond Punjab

LAHORE: Trade between Pakistan and India needs to be extended to other provinces of India instead of Punjab only. Without proper development of infrastructure at Wagha and other borders cent percent trade opening is fruitless. This was the bottom-line of the deliberations at the Pak–India Business Promotion meeting held at the Lahore Chamber of Commerce and Industry under the Chairmanship ... Read More »

April 2014: MCC Appraisement-East records shortfall of Rs6.95b

KARACHI: Model Customs Collectorate of Appraisement-East has lagged behind its revenue collection target set by the Federal Board of Revenue for the month of April, 2014. According to the sources, the FBR had set a revenue target of Rs 20,036.92 million for the month of April, 2014 for MCC Appraisement-East in share of customs duty, sales tax, withholding tax and ... Read More »

AC Musakhel updates FBR of rise in smuggling activities

KARACHI: Assistant Commissioner of Musakhel through a letter has informed FBR Chairman, Member Customs and other high authorities of Pakistan Customs about the rising incidents of smuggling of Iranian diesel/petrol, arms and ammunition and other contrabands from Musakhel to other parts of the country. In a letter, Assistant Commissioner disclosed that the smuggling of aforementioned contrabands was on the rise, ... Read More »

Alleged currency smuggler sent on 2 day remand

LAHORE: Customs Investigation and Prosecution Department has obtained two day remand of an accused allegedly involved in smuggling of foreign currency. Special Judge Customs Tanveer Akbar has sent accused Imran on remand, who was arrested by customs authorities for allegedly smuggling foreign currency over Rs 20 million. Customs officials will now produce the accused before the customs court on May 8. Read More »

Time to move out of stagnant traditional policies: Zakaria Usman

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Zakaria Usman has said that the stagnancy of traditional fiscal policies in Pakistan has failed to revive the economy and we do not have fiscal space for badly needed development projects. He has further said that the traditional approaches for financing the deficit and resource mobilization through heavy indirect ... Read More »

PNSC sets to regain lost glory: Kamran Michael

LAHORE: Keeping view of international sea transportation, Pakistan can become a hub of all trade activities and transportation of goods from Eastern Europe and Central Asia to rest of the world. It is an unfortunate truth that successive governments paid no heed to exploit natural location of the country by developing its shipping industry and related infrastructure. This was stated ... Read More »

Used vehicles import: Up to 50pc duty cut in the offing

ISLAMABAD: Federal government has started considering the proposals for Budget 2014-15 regarding reduction of customs duty on used imported vehicles. However, the auto manufacturers have reacted to this strongly. Sources said that the government is considering the reduction in customs duty on used imported vehicles from 10-50 per cent. They added that under the possibly revised auto policy, the reduction ... Read More »

Sindh revenue employees stage protest; police baton charge protestors

KARACHI: More than 1000 employees of All Sindh Revenue Employees Association has staged protest demonstration in favour of their demands outside the Karachi Press Club. The protestors presented their Charter of Demand which included equalised salary scale for Sindh revenue employees as that of employees of Sindh High Court; allotment of plots to the employees; release of over-time for the ... Read More »

Vehicles clearance scam: Committee yet to reach conclusion

KARACHI: The three member fact-finding committee formed on probing the scam of revenue shortfall of Rs 450 million in share of surcharge on the clearance of around 1900 vehicles has not yet reached its conclusions after passing the deadline set by Federal Board of Revenue in connection with compilation of report. FBR had formed a three member committee in mid ... Read More »

Customs special judge sends six to judicial lock up

LAHORE: Special Judge of Customs Tanveer Akbar has accused six of evading customs duty worth millions of rupees on import of betel leaves while sending them to judicial lock up. The Customs Investigation and Prosecution Department had arrested the accused on three days remand for recovery of taxes and documents. Earlier, the customs authorities produced the accused before the Customs Special Judge for ... Read More »

DI&I-Customs thwarts smuggling attempt

NOWSHERA: Directorate of Customs Intelligence and Investigation has foiled an attempt to smuggle huge quantity of narcotics on Motorway while seizing the drugs. Talking to reporters, Superintendent Customs Intelligence Khwaja Iqbal said that acting on a tip-off, the customs intelligence officials signalled a truck to stop. On thorough search, 51 kg of hashish were recovered from the hidden cavities of ... Read More »

Efforts on to touch $50 billion exports target: SM Muneer

LAHORE: Pakistan and India has bright future for enhancing bilateral trade. Nevertheless, the government is vigilant of the fact that local industry should not suffer consequently in the wake of normalizing trade ties with neighboring India. This was stated by Chief Executive Officerof Trade Development Authority of Pakistan (TDAP) S M Muneer while exclusively talking to Customs Today. He also said ... Read More »

Zero tolerance for corrupt practices in FBR: Bashirullah Khan

ISLAMABAD: The Federal Board of Revenue has accomplished 80 percent automation for putting in place Human Resource Information System (HRIS) and remaining 20 percent work will be completed within next few months, FBR’s Chief Management Bashirullah Khan said.  “We are undertaking strenuous efforts to link all HR data with HRIS. Once the online system starts functioning, all matters pertaining to ... Read More »

Naeem Ajaz assumes charge as Chief, FBR

ISLAMABAD: Naeem Ajaz Qureshi has assumed charge as Chief, Federal Board of Revenue. FBR has issued notification in this regard which states: Naeem Ajaz Qureshi of Pakistan Customs Service (BS-20) has relinquished charge of the post of Collector Adjudication, Islamabad with effect from14-04-2014 and assumed charge of the post of Chief, FBR (Headquarters), Islamabad with effect from 15-04-2014. Read More »