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Tag Archives: FBR Chairman

Tug-of-war: FPCCI Office turns a battlefield among VPs

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Office has become battleground as clashes abrupt between companions of vice presidents and other officials on occupying the office room for vice president. A source told Customs Today that the main cause of the clashes was political nature as central leaders of FPCCI used the forum as political tool ... Read More »

Customs examines 725 containers in 3 days at KICT

KARACHI: The Pakistan Customs has examined record 725 containers in just three days from Sunday to Tuesday at Karachi International Containers Terminal (KICT). The KICT Assistant Collector Examination Usman Tariq, while talking to Customs Today lauded the efforts of customs officials on clearing 702 containers in three days at international terminal. He said that the Pakistan Customs has examined 259 ... Read More »

Halal Food Authority to boost exports to Middle East: Dastgir

ISLAMABAD: The Federal Minister for Commerce Engineer Khurram Dastgir Khan said that the draft for Pakistan Halal Food Authority has prepared by the Ministry of Science and Technology in consultation with Ministry of Commerce and other relevant institutions and will be presented to the Parliament soon. He said that approval of draft will resolve the issue of certification of Pakistani ... Read More »

Gujranwala Excise collects Rs1b in 7 years

SIALKOT: The Excise & Taxation department has collected Rs1 billion in categories of registration and lifetime token tax fee on motorcycles as 1.45 million motorcycles worth of Rs20.5 billion were sold during last seven years in Gujranwala region. According to the excise officials, the major reason behind the growing number of purchase of motorcycles was unaffordable fares of public transport ... Read More »

KSE 100-index continues upward rally, adds 201 points

KARACHI: Karachi Stock Exchange (KSE) 100-index continued its upward momentum and closed at 28505.55 points with an increase of 201.05 points or 0.71 per cent. After the total pull back by massive 2,243 points in six earlier days because of current political disturbance the index intra-day value showed improvement after the PM’s speech. The KSE 100-index intra-day value rose by ... Read More »

Azadi march likely to affect talks with IMF

ISLAMABAD: The current political turmoil can affect talks between Pakistan and IMF authorities scheduled for August 6 to 18th, as Pakistan has entered into fourth review of the $6.8 billion programme with the International Monetary Fund. Sources in the Finance Ministry privy to Customs Today that the political episode created by Pakistan Tehreek-e-Insaf and Pakistan Awami Tehreek may endanger the ... Read More »

TCS smuggling hearing adjourned till Aug 21

ISLAMABAD: Hearing of the TCS and Smart Zone Company smuggling case has been put off again until August 21 due to unavailability of Customs Judge Muhammad Ahmad Farooqi. Former TCS CEO Saqib Hamdani and Manager Logistics Ghazanfar Gul turned up in the court. Both the accused have submitted application for the confirmation of bail before arrest granted by the court. ... Read More »

Appraisement-East registers FIR against Cosmos Enterprises

KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate (MCC) of Appraisement-East has registered an FIR against Cosmos Enterprises in its alleged involvement in tax evasion by clearing two consignments of miscellaneous goods from warehouse without paying the legitimate duty/taxes. The FBR sources informed Customs Today that the R&D Section of MCC Appraisement-East has nominated Abdullah, a clearing ... Read More »

Auditor General Pakistan starts expenditure audit of MCC Lahore

LAHORE: Auditor General of Pakistan (AGP) has started annual audit of expenditure of Model Customs Collectorate (MCC) Lahore. The AGP officials will conduct audit of expenditures of the MCC Lahore funds including petrol, maintenance of the vehicles expenditure, expenditures of the building, newspaper receipts, gas, electricity and waters bill. The audit officers of AGP office will complete audit report of ... Read More »

Govt, traders on same page to increase export volume: Dastgir

ISLAMABAD: The Federal Minister of Commerce and Textile Industry Engineer Khurram Dastgir has said that government will consider suggestions from business community while devising economic policies. He said that increase in export volume was part of Prime Minister’s vision 2025, for which the Ministry of Commerce had been working closely with relevant government institutions. Federal Minister of Commerce expressed these ... Read More »

Industrial raw material import increases through Multan Dry Port: Ali Malik

MULTAN: Multan Dry Port Deputy Collector Muhammad Ali Malik said that the port authorities have been trying to facilitate the importers with its best available resources to clear the consignments on same day. He said that the industrial raw material import has also been increasing day by day through port due to early clearance of consignment. Multan Dry port has ... Read More »

Customs halts smuggled Iranian diesel flow: Wasif Malik

KARACHI: The Pakistan Customs has succeeded in cutting off supply line of smuggled Iranian diesel in recent days in Karachi. MCC Preventive Assistant Collector Muhammad Wasif Malik while talking to Customs Today said that the inflow of smuggled diesel in Karachi has been decreased at large extent and claimed that no petrol pump has been selling or purchasing smuggled diesel/petrol ... Read More »

Multan Customs seizes 100 bags of Plastic dana

MULTAN: Multan Customs Intelligence and Investigation has seized 100 bags of plastic dana near Khanewal road Multan on absence of import documents. As per details, Customs Intelligence and investigation detained 100 bags of plastic dana on illegal import during a raid. The plastic dana was loaded from Ghala Mandi on a carrier and it was going to a factory for ... Read More »

Customs Adjudication-I to issue 47 show-cause notices to fabric importers

KARACHI: The Collectorate of Customs Adjudication-I is going to issue 47 show-cause notices (SCNs) to fabric importers who involved in mis-declaration. According to details, the Office of the Collector, Collectorate of Customs Adjudication-I has to issue three show-cause notices to the importers and remaining show-cause notices to be issued by the offices of Additional Collector, Deputy Collector and Assistant Collector ... Read More »

Plan to name ex-babu as TRC chief raises eyebrows

ISLAMABAD: Tax experts and legal wizards have expressed astonishment over the government proposed planned appointment of a retired bureaucrat as head of the Tax Reforms Commission (TRC) and described the move as the government’s backtracking from its commitment to revisit the tax policies. As per reports, the government is considering people for the job who are experts in public finance ... Read More »

Traders ask Imran, Qadri to postpone marches

LAHORE: Business community, reacting over the effect of current political upheaval, has urged the stakeholders to resolve the issues in largest interest of country. Lahore Chamber of Commerce and Industry (LCCI) Vice President Kashif Anwar said that government has been seeking foreign investment but paying no heed to local industry which is at stake due to current law and order ... Read More »

19 State Owned Enterprises earn Rs 246b profit: Finance Ministry

ISLAMABAD: Out of 32 state owned enterprises on the list of privatisation, 19 of them have earned nearly Rs 246 billion profit during the previous financial year. The Federal Finance Ministry’s documents available with ‘Customs Today’ reveal that these enterprises have been showing a steady increase in the volume of their profit for the last five years — 2009-2013. It is important to mention here that the current and ... Read More »

FBR detects 3 fake refund cases worth Rs160.947m

ISLAMABAD: The Federal Board of Revenue has registered three illegal refund claiming cases during last year as strict actions by the revenue agency avoided issuance of cheques. Sources revealed to Customs Today that due to the strict measures taken by the current government, no major fake refund case has surfaced during last year. “Only three new cases of illegal refund ... Read More »

FBR seizes contrabands worth Rs15734m in last 3years

ISLAMABAD: The Federal Board of Revenue (FBR) has confiscated smuggled items worth Rs 15734 million during last three years (2010-2013) in anti smuggling operations in different areas. The FBR has also arrested a total 639 smugglers for their alleged involvement in cases of smuggling during last three years. Sources told Customs Today that FBR had been carrying out anti smuggling ... Read More »

Sialkot Dry Port chairman calls for amicable solution to political crisis

SIALKOT: Sialkot Dry Port Trust (SDPT) has suspended all the transport services across the country following the prevailing political unrest in the country. Sialkot Dry Port Trust (SDPT) Chairman Muhammad Ishaq Butt told Customs Today that the SDPT has suspended its transport services in a bid to avoid the damages and losses to the containers carrying the export and import ... Read More »