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Tag Archives: Islamabad High Court

NAB court rejects petition to transfer Al-Azizia reference

ISLAMABAD: The accountability court hearing corruption cases against former prime minister Nawaz Sharif and his family on Thursday rejected a petition to transfer the Al-Azizia corruption reference to another judge. As the hearing resumed, Nawaz’s lawyer Khawaja Haris and the National Accountability Bureau (NAB) prosecutor Sardar Muzaffar Abbasi appeared in the court. The prosecution asked for more time to present ... Read More »

Islamabad Customs relegates inspectors recruited on sports basis

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has decided to relegate those customs inspectors who were recruited on the basis of sports. The hockey team of Model Customs Collectorate has won three gold medals but the players said that their services had been ignored. They have challanged the decision in the Islamabad High Court. The decision about the managers named as ... Read More »

CIU Port Qasim urges importers to deposit pay orders instead of post-dated cheques

  KARACHI: The Customs Intelligence Unit of Model Customs Collectorate of Port Muhammad Bin Qasim has asked importers Nawaz Enterprises and Ahsan Enterprises to deposit pay orders in lieu of post-dated cheques of fleece fabric consignments cleared/released from the MCC, Customs Today learnt. The said directives have been issued by the Customs Intelligence Unit in pursuance of orders given by ... Read More »

Q-Mobile counsel pleas for adjournment of case hearing

KARACHI: The legal representative of New Allied Electronics (Private) Limited, Mian Pervez, has attended Collector of the Customs Adjudication-I on behalf of Digicom (Private) Limited (authorised dealer of Q-Mobile) against the show-cause notice served by the collectorate in tax evasion of Rs 772 million on import of 2.4 million mobile phones. The legal representative, Mian Pervez requested the Customs Adjudication-I ... Read More »

FBR’s departmental promotion exam challenged in IHC

ISLAMABAD: Thirty seven employees of grade 14 working in Rawalpindi and Islamabad Regional Tax Offices of Federal Board of Revenue have challenged in the Islamabad High Court (IHC) the recently announced departmental promotional examination for posts of Inspectors in grade 16. They have requested the court to issue stay order till decision of the court. If the court gives stay ... Read More »

Midday: Stocks narrow down earlier loss

KARACHI: The widespread uncertainty triggered by weeks-long stalemate in the federal capital, aggravated by roaring floods rattled stocks and the KSE-100 index shed 44 points or 0.15 percent to decline to 30,000 in the midday trading on Monday. Earlier, the Karachi Stock Exchange opened in negative zone and lost 142 points to come down below the 30,000 mark to 29902 ... Read More »

Govt seeks parliament nod to give market access to India

ISLAMABAD: The federal government has decided to forward Non-Discriminatory Market Access (NDMA) – a term coined after Most Favoured Nation (MFN) status for India, to parliament for approval to normalise trade ties with India. The decision was taken after lack of understanding between inner opposition and stakeholders. As per details, the government is waiting for end to sit-ins so that ... Read More »

Customs seeks early hearing of valuation guideline cases: Collector

KARACHI: The Model Customs of Collectorate (MCC) Appraisement-West Muhammad Saleem has confirmed that the Pakistan Customs is going to file a Constitutional Miscellaneous Application (CMA) in Supreme Court of Pakistan (SCP) for early hearing of cases relating to valuation guideline issue. He said that customs has already submitted written reply in Islamabad High Court (IHC) in connection with valuation guideline ... Read More »

Chinese delegation visits LCCI President

LAHORE: A two member Chinese delegation led by Vice Chairman Sub Council of Chinese Chemical Industry Ma Chunyan called on LCCI President Engineer Sohail Lashari and briefed him about CAC Pakistan Summit and Pak-China Agro Chemical Expo scheduled from August 5-6 at Lahore Expo Center. LCCI Senior Vice President Mian Tariq Misbah and Coordinator of the exhibition Jawed Salim Qureshi ... Read More »

FBR to tighten the noose around Swiss depositors

ISLAMABAD: Federal Board of Revenue has decided to tighten the noose around Pakistanis having black money in Swiss banks and to retrieve money back into Pakistan. The FBR acting Chairman Shahid Hussain Asad told Customs Today that a team of FBR experts will visit Switzerland 24th of this month to pursue Pakistan’s efforts to recover untaxed billions of dollars of ... Read More »

FBR exceeds revenue target by Rs 1 billion in July

ISLAMABAD: The committed work of field formation officers under new acting Chairman helped the Federal Board of Revenue (FBR) in exceeding the revenue collection target in July 2014 by one billion rupees as it collected Rs 138 billion during the month of July against Rs 137 billion target. Acting Chairman of FBR Shahid Hussain Asad while talking to Customs Today ... Read More »

FBR acting Chairman to visit Karachi Customs House next week

KARACHI: The Federal Board of Revenue acting Chairman Shahid Hussain Asad is likely to visit Karachi Customs House next week. The FBR sources confirmed Customs Today that the acting chairman Shahid Asad would expected to visit customs house next week where he will hold meetings with the Customs officers. It further informed this scribe that the agenda of the meeting ... Read More »

IOCO starts listing genuine importers

KARACHI: The Input-Output Co-efficient Organization (IOCO) of Federal Board of Revenue (FBR) has started to compile the list of genuine importers, who has been granted concessionary regime by Pakistan Customs on their imports of raw materials according to the amended SRO565 (I)/2014. The FBR sources informed Customs Today that the IOCO after conferring the powers of dealing with SRO565 (I)/2014 ... Read More »

Tax evasion: FBR to seize accounts, property of 16 PAT leaders

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take stern action against 16 leaders of Pakistan Awami Tehreek for not submitting tax related documents and details of foreign donations which involves tax evasion of Rs 400 million. “We have found several million rupees bank transactions through different bank statements but the PAT chief and workers did not bother ... Read More »

Customs seeks court to summon Royal Packages

KARACHI: Model Customs Collectorate of Appraisement-East has requested the Sindh High Court (SHC) to summon M/s Royal Packages (Pvt) Limited for hearing in August. It is pertinent to mention here that the M/s Royal Packages has moved court against the charges of tax evasion in terms of customs duty, sales tax and income tax through claiming of inadmissible benefit of ... Read More »

Mobile smugglers sent to judicial custody

LAHORE: District Court Judicial Magistrate Assad Gujjar sent two accused to judicial custody for attempting to smuggle 95 used Samsung note I mobiles from Korea. Customs official had arrested Akhlas Ahmad and Sajjad Saeed from Allama Iqbal International Airport. Akhlas was accused of smuggling used mobile phones worth Rs 1 million from Korea in his personal luggage. Upon his arrest ... Read More »

Chief Collector Nazim Saleem to hold meetings at Quetta today

KARACHI: Chief Collector Enforcement-South Muhammad Nazim Saleem left for Quetta for holding meetings with officers of Quetta Collectorate. As per details, the Chief Collector Enforcement-South will also visit the check-posts of Pakistan Customs established at the entry and exit points of the Quetta city. A source from FBR told Customs Today that the Chief Collector Enforcement-South will hold meetings regarding ... Read More »

ANF arrests 3 drug peddlers, including two women

LAHORE: Lahore Anti Narcotics Force (ANF) has arrested three drug smugglers including two women at Niazi Bus Stand, Lahore. According to the details, ANF Lahore has arrested 3 drug peddlers Saeeda, Yasmeen and their male accomplice Rahim Sher, all residents of district Sawabi and recovered 5 kg heroin from their possession. They were arrested in an operation conducted at Niazi ... Read More »

Appraisers Association of MCC Appraisement-West meeting today

KARACHI: The Appraisers’ Association of Model Customs Collectorate of Appraisement-West has decided to hold a meeting today, regarding the issue pertaining to register FIRs against eight appraisers of Group-I and Group-IV in their alleged involvement in malpractices and using unfair means in clearing the consignments. The sources in MCC-Appraisement-West on condition of anonymity informed Customs Today that the appraisers association ... Read More »

Multan customs registers 129 cases in FY 2013-14

MULTAN: Multan Customs Intelligence and Investigation (I&I) has registered 129 seizure and revenue cases from July 2013 to July 2014. As per details, Customs I&I has registered five cases of vehicle seizure worth Rs 4.2 million, seven cases of miscellaneous goods worth Rs 226.83 million in July. According to a report from Multan Customs, June was the month in which ... Read More »