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Tag Archives: Islamabad

Islamabad, Beijing working to curb power crisis: Dar

ISLAMABAD: Finance Minister Ishaq Dar has said that Ministry of Planning, Development and Reform is keenly working with China’s National Development and Reform Commission on different projects including Pakistan-China Economic Corridor and to tackle power crises in Pakistan. The finance minister, who is in the United States these days to attend International Monetary Fund (IMF) and World Bank meetings, said ... Read More »

Eight Customs officers of BS-19 relinquish charges

ISLAMABAD: Federal Board of Revenue (FBR) has issued different notifications regarding charge relinquishment/assumption, transfer/posting and deputation of Pakistan Customs Service and Inland Revenue Service officers (BS-19). As per details, in pursuance of Board’s Notification No 1867-MI dated 23.09.2014, Azhar Husain Merchant, PCS/BS-19 officer, has relinquished the charge of the post of Additional Director Reforms & Automation Karachi on 26.092014 and assumed ... Read More »

Pak-China economic corridor vital for boosting ties

ISLAMABAD: Chinese Ambassador to Pakistan Sun Weidong has said that Beijing will continue help Islamabad in energy, infrastructure and industrial projects. He said this while speaking at a ceremony of Chinese National Day Reception in Islamabad. He termed the Pakistan-China economic corridor most important part of boosting cooperation between the two countries. Lauding the Sino-Pak ties, he said momentum of ... Read More »

FBR forms board in Post Clearance Audit for employees welfare

ISLAMABAD: The Federal Board of Revenue has constituted a Board for Common Pool Fund (CPF) in Directorate General of Post Clearance Audit, Islamabad. According to a notification issued from Director Headquarters of PCA Naeem Ijaz Qureshi, Director Headquarters will be the chairman of the board and Additional Director Headquarters will be its members. Assistant Director Headquarters Secretary  and three others ... Read More »

PIA transports 28,700 would-be Hajis to S Arabia so far

KARACHI: PIA has transported more than 28,700 would-be Hajis from Pakistan to Saudi Arabia through 80 flights till 21st day of the operation. As per details, PIA has carried 3,479 intending pilgrims from Karachi to Saudi Arabia through 11 flights, 5,190 from Lahore through 12 flights, 4,787 from Islamabad through 10 flights, 5,811 from Quetta with 19 flights and 5,745 ... Read More »

Lower FBR staff unhappy over taking fresh exam for promotions

LAHORE: The Federal Board of Revenue (FBR)’s move to hold fresh promotional exams for lower grade employees has angered those who had already qualified the exam and they have threatened to move the court if not promoted, Customs Today learnt on Wednesday. The FBR has asked low grade employees including Upper Division Clerks (UDCs), Lower Division Clerk s (UDCs), supervisors ... Read More »

ANF recovers drugs worth Rs 480 million in countrywide raids

ISLAMABAD: The Anti Narcotics Force (ANF) Tuesday recovered drugs worth Rs 480 million in eight countrywide operations. Most of the seized drug was being smuggled for local use. ANF also arrested 10 people along with three vehicles. The recovered drugs comprise 446 kg of charas and five kg heroin in eight operations conducted at Rawalpindi, Lahore, Peshawar, Abbotabad, Sukkur and ... Read More »

KCCI condemns manhandling of ICCI chief by Punjab Police in Islamabad

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Abdullah Zaki has strongly condemned the brutal assault by Punjab Police on Islamabad Chamber of Commerce and Industry (ICCI) President Shaban Khalid, who was attacked by police at a checkpoint in the federal capital. In a statement issued on Tuesday, the KCCI president said that the entire business community of Karachi, ... Read More »

ADB President reaches Islamabad on 3-day visit

ISLAMABAD: Takehiko Nakao,the President of Asian Development,  on Tuesday reached Islamabad on a three-day visit. Talking briefly to media at the airport, the ADB President said that the Bank desires to increase partnership with Pakistan. Mr Nakao has scheduled meetings with Finance Minister Ishaq Dar, Prime Minister Nawaz Sharif and President Mamnoon Hussain during his stay in Islamabad. The economic team ... Read More »

Dar urged to direct FBR for announcing tax concessions

ISLAMABAD: Khalid Chaudhry, Secretary Information, Traders Action Committee, Islamabad has called upon the government to give tax concessions to the local business community and extend the last date for filing of income tax returns to facilitate the entrepreneurs. He said this while addressing a meeting of representatives of various market associations. He said businesses in Islamabad are badly suffering since ... Read More »

DG Lutfullah Virk takes strict notice of staff absence

ISLAMABAD: Lutfullah Virk, the director general of customs intelligence and investigation, Islamabad, has taken serious notice of the absence and late coming of employees due to current political situation in the capital and warned them of stern action if they didn’t attend the office in time. The director general has also decided to install a bio-metric system in the office ... Read More »

ANF seizes 3,556-kg drugs, arrests five smugglers

ISLAMABAD: The Anti-Narcotics Force (ANF) claimed to have arrested five drug peddlers with huge quantity of drugs, including 3,534 kgs of hashish, 19 kgs of heroin and 2.4 kgs of opium in different cities. The raids were carried out in Islamabad, Lahore, Haripur, Sukkur, Qilla Abdullah and Turbat. According to details, in Quetta while acting on a tip-off, the conducted ... Read More »

Economy in the dock

Through their contradictory statements, the government ministers have been repeatedly warning the nation about billions of rupees losses to the national exchequer since Imran Khan, chief of the Pakistan Tehreek-e-Insaf, and Dr Tahirul Qadri, chief of the Pakistan Awami Tehreek started their marches and sit-ins in the twin cities of Islamabad and Rawalpindi. Khurram Dastgir, the federal commerce minister, puts ... Read More »

Closing: KSE drops 74 points as Red Zone turns into battlefield

KARACHI: Karachi Stock Exchange (KSE) 100-index lost 74 points to fall to 28,493.74 on Monday as the federal capital remained tense after the supporters of Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri tried to enter the Prime Minister’s House. The market opened on a depressing note over the political turmoil and straight ... Read More »

FBR blacklists 3,058 industrial, trade units

ISLAMABAD: The Federal Board of Revenue (FBR) has blacklisted 3,058 industrial and trade units for alleged tax evasion and fake invoices, causing billions of rupees losses to the national exchequer during last six years. These blacklisted industrial and business units, including textile mills and dozens of other units situated in Faisalabad, Sialkot, Multan, Quetta, Gujranwala, Sargodha, Rawalpindi, Islamabad and Hyderabad. ... Read More »

ANF seizes narcotics worth Rs 244m, arrests 15 smugglers

ISLAMABAD: The Anti-Narcotic Force (ANF) claims to have recovered 578 kilogramme charas, 13.45 kilogramme heroin, six kilogramme opium and 500 gramme amphetamine during 12 raids carried out in Islamabad, Attock, Faisalabad, Peshawar, Gilgit, Quetta and Karachi. The force also arrested 15 peddlers, including a woman and seized three vehicles. According to details, the Peshawar ANF intercepted a tractor-trolley near Kachagarhi ... Read More »

Midday: KSE-100 index cheers up at hope for end to political impasse

KARACHI: The stocks was buoyed up by the hope for an apparent end to the prevailing political impasses as Karachi Stock Exchange 100 index bounced back with an increase of 886 points to reach 28660.37 in the midday trading on Friday. Sentiments at the market were high at the opening of the day as it gained more than one thousand ... Read More »

Sit-ins induced spiraling losses draw concerns

PESHAWAR: The trading community from across the province has expressed concern over the ongoing sit-ins by the Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT) in Islamabad, regretting that the prevailing political impasse has been affecting businesses and national economy adversely. Representative bodies of traders and businessmen from different cities including Peshawar, lamented that the marches had hindered economic progress ... Read More »

Trade union chief announces sit-ins against Imran, Qadri

ISLAMABAD: Ajmal Baloch, the president of All Pakistan Trade Union, has announced sit-ins in front of Pakistan Tehreek-e-Insaf Chairman Imran Khan’s house in Bani Gala and Minhajul Quran offices in protest against their sit-ins in Islamabad. Talking to Customs Today, Ajmal Baloch, said that representatives of the business community will take part in the sit-ins. He said that these two ... Read More »

ANF seizes 62 tonne chemical, arrests 16

ISLAMABAD: The Anti-Narcotics Force (ANF) seizes 62.4 tonne of illegal chemical and 127 kilogramme drugs, arresting 16 smugglers in eight raids throughout the country. The ANF official confirmed with Customs Today that eight raids were conducted in Islamabad, Rawalpindi, Kasur, Lahore, Gilgit, Peshawar and Karachi, in which ANF recovered 50,400 kilogramme sulfuric acid, 12 tonne hydro choleric acid, 17 kilogramme ... Read More »