Friday , October 30 2020
Breaking News
Home / Tag Archives: Customs Today (page 9)

Tag Archives: Customs Today

FBR takes exception to misuse of SRO 77(I)2013 by sugar sector

KARACHI: Taking strong exception to serious irregularities in collection of sales tax, Federal Excise Duty (FED) and income tax from sugar sector, the Federal Board of Revenue (FBR) has directed the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) to act on the report of Directorate General Audit, Inland-Revenue (South), Karachi. According to reports, the sugar sector has committed ... Read More »

PTBA cries foul at glitches in ST registration

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has written in to the FBR chairman complaining about difficult and time-consuming procedure for sale tax registration. In a letter to FBR Chairman Tariq Bajwa, the PTBA pointed out that the current system for ST registration was time-consuming as it required two to three months to get a manufacturing unit registered for sales ... Read More »

LNG import will create one million jobs: Shahid Khaqan

ISLAMABAD: Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi has said that uninterrupted supply of imported Liquefied Natural Gas (LNG) on CNG stations will save foreign remittances of $2.5 billion annually. He, addressing a press conference along with All Pakistan CNG Industry Chairman Ghayas Paracha, said that utilisation of LNG in the CNG industry would prove to be a ... Read More »

Midday: KSE fails to sustain early rally

KARACHI: The KSE-100 index failed to consolidate early rally and plummet to 30076.28 points on a lethargic note as limited interest was shown by investors amid standstill on political front. The bourse, however, still managed to sustain its gains of 6.15 points or 0.02 percent in midday trading on Tuesday. Earlier, the market opened with a buoyant mood and kept ... Read More »

FBR notifies 4pc advance tax on int’l air tickets

ISLAMABAD: The Federal Board of Revenue (FBR) notified all the airlines to collect advance tax on air tickets for international journey originates from Pakistan. According to the notification, the FBR directed all the airlines to collect advance tax at the rate of 4 percent on all air tickets if the journey originates from Pakistan. It read that the airlines issuing ... Read More »

Stocks cheers up, gains 174 points

KARACHI: In the midst of political uncertainty and fear of raging floods, the Karachi Stock Exchange benchmark KSE-100 appeared enthusiastic and gained 174 points or 0.58 percent to reach 30244 in early trading on Tuesday. The market opened with a positive note and set the pace for upward march. Experts opined that it seemed the market had defied all the ... Read More »

Report ranking Pakistan ‘least efficient innovator’ concerns Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has expressed great concern over Pakistan being ranked as least efficient innovator. “In Knowledge Economy era, creativity and innovation are fundamental drivers of progress and prosperity and no country can afford to ignore innovation,” he said while responding to the report. He said that Pakistan Vision 2025 aimed at building ... Read More »

Opening: KSE sheds 142 points as bears haunt back

KARACHI: The fast-changing political scenario and devastating floods took its toll on the stocks as Karachi Stock Exchange benchmark KSE-100 went down to 29902 points, losing 142 points or 0.42 percent in early trading on Monday. The market opened with a negative sentiment and could not sustained the gains it had made last week. The investors appeared cautious and preferred ... Read More »

PM takes notice of overbilling, electricity theft

ISLAMABAD: Prime Minister Nawaz Sharif has taken the notice of overbilling and theft of electricity and established a special committee under the supervision of Water and Electricity Advisor Mussadaq Malik. He instructed that the committee will present the report within a week to solve the complaints of electricity consumers. Federal ministers Chaudhry Nisar Ali Khan, Shahid Khaqan Abbasi, Abbas Afridi ... Read More »

Danish businessmen to visit Pakistan next month

KARACHI: Denmark Ambassador in Pakistan Jesper Moller Sorensen has said that the first-ever delegation of Danish businessmen will come on a visit to Pakistan next month to explore trade opportunities between the two countries. Addressing a meeting of the office bearers of the Korangi Association of Trade and Industry (KATI), he said the Danish government was eager to enhance trade ... Read More »

FCCI underlines collaborative efforts for Punjab industrial uplift

FAISALABAD: The Faisalabad Chamber of Commerce and Industry (FCCI) has stressed the need for cooperation among the business community, the Punjab government and USAID to promote trade and industry in the province. Addressing a USAID delegation on the Punjab Enabling Environment Project (PEEP), FCCI President Engineer Suhail Bin Rashid underlined the importance of small and medium entrepreneurs in the overall ... Read More »

Asad Mashadi elected RCCI president unopposed

RAWALPINDI: Syed Asad Haider Mashadi of Mian Pervaiz Aslam Group elected unopposed as President of Rawalpindi Chamber of Commerce and Industry (RCCI) for the year 2014-15. The three-member RCCI election commission consisted of Naveed Javed, Chaudhry Iqbal Ahmed and Tariq Javed Butt announced unopposed election of the winners at a meeting held here. The announcement of newly-elected Senior Vice President ... Read More »

114 senior FBR officers have no income tax registration

ISLAMABAD: At least 114 senior officers of the Federal Board of Revenue (FBR), from BPS 17 to 20, are not registered for income tax. According to a new list, the officers having no registration for income tax include a BPS-20 director general and BPS-17 assistant collector (prob). The list of officers consists of one director general, seven BPS-19 officers including ... Read More »

Customs foils smuggling bid, seizes cellphones, hard disks

LAHORE: The customs authorities have seized cellphones, hard disks and Black Berry play books worth more than Rs 4 million at Allama Iqbal International Airport here. As per details, the customs officials intercepted a passenger coming from Dubai through Airblue flight at around 8:30pm. Upon search, the officials recovered 222 cellphones, 806 hard disks and 10 Black Berry play books ... Read More »

Dar promises level playing field for Islamic banking

ISLAMABAD: Federal Minister for Finance Ishaq Dar reviewed the pace of work of the steering Committee constitution to ensure Promotion of Islamic Banking and was informed about the pressing issues faced by Islamic banks. While co-chairing the 6th meeting of the Steering Committee for Promotion of Islamic Banking here at the Finance Ministry, Dar promised to provide Islamic banks a ... Read More »

Remittances up by 12.61pc in July, Aug 2014

KARACHI: Pakistanis living overseas remitted an amount of $2978.10 million in July and August 2014 of the current fiscal year, showing an impressive growth of 12.61 percent against $2644.53 million received during the corresponding period of last FY14. The inflow of remittances during August 2014 from Saudi Arabia, UAE, USA, UK, GCC countries (including Bahrain, Kuwait, Qatar and Oman) and ... Read More »

Arrival of coal-laden ships boosts PSM stocks

KARACHI: Two ships – DL Dahlia and Ever Mighty – carrying 110,000 tons of coal from Australia, have arrived at the Pakistan Steel Jetty at Port Muhammad Bin Qasim, Karachi. According to Pakistan Steel Mills (PSM), the ships reached the jetty on September 5 and 6. Now, the coal stock of PS has increased to 158,000 tonnes, while the quantity ... Read More »

Alishan Pakistan a step to enhance trade ties with India: Munir

ISLAMABAD: The second edition of lifestyle exhibition Alishan Pakistan organised by the Trade Development Authority of Pakistan (TDAP) is set to start in New Delhi from Thursday. The Trade Development Authority of Pakistan (TDAP) Chief Executive SM Munir, prior to his departure to India, said that over 800 participants from Pakistan were attending the event. The exhibition will showcase top ... Read More »

Midday: KSE gains 87 points after lacklustre start

KARACHI: The stocks on Thursday started upward march after remaining lacklustre in the opening and the benchmark KSE 100-index gained 87 points or 0.29 percent to reach 29778 points in the midday trading. Earlier at the opening, the market appeared dozy and went down but rose quickly and gathered strength to find direction. Political standoff in the capital has caused ... Read More »

Govt to take exports to $50b by 2018: Dastgir

ISLAMABAD: Adverse political relations between India and Pakistan have stopped the Commerce Minister and Commerce Secretary from attending ‘Aalishan Pakistan: Lifestyle Exhibition’ being held from September 11th to 14th, 2014 in New Delhi. Addressing a press conference, Federal Minister for Commerce Engineer Khurram Dastgir Khan said that both the neighbouring rivals could not initiate trade talks until diplomatic ties resumed ... Read More »