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Tag Archives: Customs Today

Customs, PIA let the dust settle

LAHORE: Customs and PIA rift ends as both the parties amicably sorted out matter of smuggling items through dialogues. Sources said that Customs authorities had cleared PIA pilot and officials after a seven-hour long inquiry. They said that reconciliatory dialogues were held between Customs Additional Collector Mubashar Baig and PIA Station Manager. The PIA staff had also cancelled strike call ... Read More »

Collector Saleem emphasises for importers’ facilitation

KARACHI: The Collector of Model Customs Collectorate (MCC) Appraisement-West Muhammad Saleem on Monday held a meeting of additional collectors, deputy collectors and assistant collectors in his office. As per details, the issues pertaining to newly introduced Queue Management System (QMS) for the facilitation of the importers and visitors, customs laboratory, revenue collection and grounding of containers at KICT came under ... Read More »

ANF nails three with 5-kg hashish, heroin

PESHAWAR: The Anti-Narcotic Force continued crackdown on drugs peddlers and nabbed three accused with five kgs of chars and heroine in different raids conducted in Peshawar and Mansehra. Spokesman for Anti-Narcotics Force Mr Saeed Ahmad told Customs Today that the force had been striving hard to root out the menace of narcotics and always act swiftly whenever get tip-off. He ... Read More »

ANF seizes narcotics worth Rs5.75b

ISLAMABAD: The Anti-Narcotics Force claimed to have captured 3.1 tonnes of narcotics and arrested eight drug smugglers. The force claimed that the seized drugs worth was amounting to Rs5.75 billion. The narcotics were recovered during different raids carried out in Faisalabad, Lahore, Khanewal, Hyderabad and Pishin and. According to an ANF press release, most of the seized drug was destined ... Read More »

Midday: Stocks remain flat, lose half of early gains

KARACHI: Multifarious challenges currently the country faced with kept the stocks flat as the Karachi Stock Exchange benchmark KSE-100 remained fluctuating, losing half of its gains made during early trading to decline to 30033 points in midday trading on Monday. Earlier, the market started the week on a positive note and went up 34 points or 0.11 percent to reach ... Read More »

AU, FCCI team up to bridging industry-academia gap

FAISALABAD: Inter Disciplinary Research Center of Air University (AU) is fully prepared to play a proactive role in industrial development by bridging industry-academia gap in the country, said AU Research, Innovation and Commercialization Director Air commodore Afzaal Khan. He was addressing a ceremony after signing a Memorandum of Understanding (MoU) between the AU and Faisalabad Chamber of Commerce and Industry ... Read More »

Founders Alliance wins SCCI elections

SAHIWAL: The Founders Alliance has made a clean sweep in the elections of Sahiwal Chamber of Commerce and Industry in associate class for the year 2014-15 and won all the four seats. Its candidate Baber Sagheer got 258 votes, Zafar Sardar 250 votes, Mohsin Karim 250 votes and Muhammad Akram bagged 236 votes and remained successful. Their opponents from Democratic ... Read More »

FBR sets up 200 centres to facilitate taxpayers

ISLAMABAD: The Federal Board of Revenue has established 200 tax facilitation kiosks to facilitate the business community in filing of income tax returns. The centres have been established at important business centres, shopping malls, offices of traders’ associations and chambers of commerce and industry, national and provincial assemblies buildings, federal secretariat, civil secretariats in all the provincial capitals, press clubs ... Read More »

Floods hit fish farming in South Punjab hard

MULTAN: The flood affected the fishery industry in South Punjab adversely and has caused losses to the tune of billions of rupees to the owners. As per details, the recent floods, particularly in Chenab River have played havoc with the fishery industry in South Punjab, especially Multan and Muzaffargarh have suffered the most. The floodwater hit fish farming belt situated ... Read More »

ANF seizes 105kg drugs, arrests six peddlers

ISLAMABAD: The Anti-Narcotics Force (ANF) claimed to have recovered 105kg of narcotics and arrested six drug smugglers. The ANF also impounded three vehicles during raids in Faisalabad, Lahore, Mansehra, Peshawar and Gwadar. The seized narcotics included 103kg hashish, 1.2kg opium, 500 grams heroin and 400 grams amphetamine. According to details, the Balochistan ANF seized 93kg of charas from a site ... Read More »

Dar hints at fund for IDPs, flood affectees rehab

ISLAMABAD: Minister for Finance Muhammad Ishaq Dar said the government had envisaged setting up a Joint Trust Fund in collaboration with international donors for the rehabilitation of internally displaced persons (IDPs) and flood affectees. He said the government was deeply concerned about the plight of a large number of flood victims and IDPs. He was talking to British High Commissioner ... Read More »

Volatility erodes KSE rallying bids, goes down by 21 points

KARACHI: Stocks remained volatile as investors preferred to stay put as Karachi Stock Exchange’s benchmark KSE-100 index went down 21.2 points from overnight tally of 30094 points to reach 30073 points in the midday trading on Friday. Though the market opened with a positive note and added 48 points or 0.16 percent, the tone remained sluggish amid flurry of political ... Read More »

KSE recovers from overnight losses, gains 48 points

KARACHI: The Karachi Stock Exchange on Friday opened with a positive trend and added 48 points or 0.16 percent to overnight closing of 30094 to reach 30142.19 points amid flurry of political developments in early trading. The market remained fluctuating, depicting the prevailing uncertainty across different spheres. The Karachi Stock Exchange benchmark KSE-100 index fell 0.14% or 42.41 points to ... Read More »

Midday: KSE reels from vagaries

KARACHI: The indiscernible effects of institutional profit-taking, political uncertainty and flood devastation kept the KSE-100 index in red zone and the stocks shed 35 points or 0.12 percent to reach 30101 points in the midday trading on Thursday. Earlier, the market opened at overnight closing of 30136 points and kept on fluctuating amid investors’ concerns for political uncertainty and economic ... Read More »

Oil prices down in Asian trade

SINGAPORE: Oil prices fell in Asia on Wednesday as dealers squared positions following sharp gains in the previous session that were stoked by indications that the OPEC cartel will cut its production target next year. US benchmark West Texas Intermediate (WTI) for October delivery fell 11 cents to $94.77 while Brent crude for November eased 13 cents to $98.92 in ... Read More »

Deeper Saudi oil cuts seen biggest since ’12

Saudi Arabia will need to keep cutting oil output to sustain prices above $100 a barrel, even after the kingdom’s largest reduction in two years, according to BNP Paribas SA and Societe Generale SA. The world’s biggest crude exporter told OPEC last week it pumped 408,000 barrels a day less last month, about as much as Australia produces. Output rose ... Read More »

Revenue rises 24pc in 16 days of September: Shahid Asad

ISLAMABAD: The Federal Board of Revenue (FBR) claimed to have collected Rs 112 billion in 16 days of the ongoing month which is 24 percent more than Rs 90 billion collected in the corresponding period of last year. According to FBR Member Inland Revenue (IR) and official spokesperson Shahid Hussain Asad, FBR revenue collection has witnessed a growth of 24 ... Read More »

Midday: Bears rout KSE bid for rally, sheds 111 points

KARACHI: It seems the bears have haunted back the Karachi Stock Exchange as the benchmark KSE-100 index plummet by almost 111 points from the overnight closing of 30180 points to 30081.71 point or 0.37 percent in the midday trading on Wednesday. Although it was a volatile opening in the Karachi Stock Exchange as stocks went down sharply, the KSE-100 index ... Read More »

Businessmen, daily-wage earners want early end to sit-ins

ISLAMABAD: Businessmen and daily-wage earner in the federal capital want an early end to the sit-ins staged by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek for resumption of normal business and commercial activity. Former president Islamabad Chamber of Commerce and Industry Zahid Maqbool said that the national economy had suffered a loss of Rs1,200 billion to Rs1,300 billion due to the ... Read More »

Volatile KSE goes down, recovers quickly

KARACHI: Although it was a volatile opening in the Karachi Stock Exchange as stocks went down 45 points, the KSE-100 index recovered quickly and reined in sluggish trend and gained 81 points or 0.27 percent to reach 30261 in early trading on Wednesday. The market opened at the overnight closing of 30180 points and went down sharply. However, it showed ... Read More »