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Tag Archives: news

ANF seizes 47-kg drugs, 120,000 Psychotropic tablets

LAHORE: The Anti-Narcotics Force (ANF) recovered 39 kgs of Charas, 120,000 Psychotropic tablets, six kgs of Opium and 1.3 kgs of heroin in six raids conducted in Islamabad, Mianwali, Lahore, Haripur and Peshawar. The force also arrested 11 persons and seized 1 vehicle during the raids. In Mianwali, the ANF intercepted a car near Hamza Cotton Mills on MM Road ... Read More »

Excise Police seizes heroin worth Rs10m

GHOTKI: The Excise Police seized 12 kgs of heroin from a truck at Sindh-Punjab border in Ubauro. According to Excise and Taxation Officer Hassan Ali Dashti, the truck was coming from Peshawar and it was to deliver the consignment in Karachi. “The packets of narcotics were hidden in the spare tyre,” he said. The official informed that driver Musharraf Ali ... Read More »

ANF captures 186 heroin filled capsules

ISLAMABAD: The Anti-Narcotics Force (ANF) has recovered 186 heroin filled capsules from a person here at Benazir International Airport. According to details, ANF Rawalpindi arrested Sajjad Hussain, resident of Sargodha at airport and recovered 186 heroin filled capsules, weighing 1.3 kgs, tactfully concealed in a box containing sweets. He was scheduled to take off for Dubai through Shaheen Airline Flight ... Read More »

E&T unearths embezzlement of Rs15m

Bahawalpur: Two officers of the Excise and Taxation Department embezzled more than Rs15 million of motor registration fees and other provincial taxes while the department has registered a case against the accused. According to details, Excise and Taxation Officer (ETO) Muhammad Ahmad Khan, during inspection of the Motor Vehicle Branch, found embezzlement to the tune of more than Rs15 million ... Read More »

Civil disobedience call: Gujranwala RTO exceeds tax target by Rs60m

SIALKOT: The Regional Tax Directorate Gujranwala has achieved its recovery target fixed for the month of August 2014 and has collected Rs800 million despite PTI Chairman Imran Khan’s call of civil disobedience, in the region’s all six Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala districts. Senior officials of the directorate claimed that Rs60 million had been collected more than ... Read More »

FBR body puts off 85 babus’ promotion for third time

ISLAMABAD: The Federal Board of Revenue (FBR) promotion committee put off the promotion cases of 85 officers for the third time in this week due to the prevailing uncertainty and political impasse in the wake of sit-ins in front of the Parliament House. The officers, whose promotions have been consistently delayed, belong to the Inland-Revenue and Customs wings of the ... Read More »

MDP Customs duty collection up by Rs704m in August

MULTAN: The Multan Dry Port (MDP) generated Rs873.300 million in the head of Customs duty during the month of August of current fiscal year 2014-15. The revenue collected in the month of August increased Rs704 million against Rs169 million collected in the month of July of the current fiscal year. Similarly, the monthly collection of Sales Tax on import in ... Read More »

Closing: KSE stands ground, up by 335 points

KARACHI: The Karachi Stock Exchange KSE-100 index on Wednesday continued its buoyant mood and added to its gains, taking the points tally to 335.26 to reach 29595.55 points as consensus between major political stakeholders to protect the parliament and democracy brought confidence in market. The KSE-100 index, opened at 29260, kept on marching upward and taken the total trade volume ... Read More »

Midday: Bull run continues as KSE-100 index gains 302 points

KARACHI: The Karachi Stock Exchange KSE-100 index on Wednesday continued its buoyant mood and added to its gains, taking the points tally to 302 or 1.3 percent to reach 29,562 in the midday trading. The market opened with positive sentiments and kept on marching upward amid flurry of hectic politicking in the federal capital to end the weeks-long standoff. Though ... 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 »

PICT assures FPCCI of tackling congestion at terminal

KARACHI: Pakistan International Container Terminal (PICT) Chief Executive Officer Zafar Iqbal Awan has assured the FPCCI delegation of taking all necessary measures to ease congestion at the terminal. The delegation, comprising FPCCI Standing Committee on Customs members and led by its Chairman Saqib Fayyaz Magoon, called on the PICT CEO here. Later, Mr Magoon informed that the FPCCI delegation held ... Read More »

Opening: KSE remains buoyant, gains 250 more points

KARACHI: Though political scenario remains hazy, stocks continue to capitalize on the developments taking place in the federal capital as Karachi Stock Exchange KSE-100 index roared past the overnight gains and added another 250 points or 0.86 percent to touch 29,510 in early trading on Wednesday. The market opened with positive sentiments and kept on marching upward, giving boost to ... Read More »

Attack on JIAP: Importers without recourse to get back paid duty, tax amount

KARACHI: The terrorists’ attack on Karachi airport on the night of June 9 last, has not only resulted in the destruction of imported goods worth billions of rupees but have also left hundreds of importers without any recourse to get back over Rs69 million paid in head of customs duty and tax to the Sindh government for the goods they ... Read More »

Amends made to valuation ruling of auto-parts

KARACHI: The Customs Valuation has made a number of amendments to the Valuation Ruling No.661/2014 after a thorough examination and threadbare discussion with stakeholders. According to a letter No Misc/22/2009-VIIIA/7445 dated August 29, issued by Customs Director (Valuation) Abdul Rashid Sheikh, the Customs values of various replacement auto-parts were determined vide Valuation Ruling No.661/2014 dated March 3, 2014 and amendments ... Read More »

Pak, China striving to lift trade ties under FTA

ISLAMABAD: With the aim to enhance volume of bilateral trade, Pakistan and China are committed to resolve the issues of electronic data interchange, sanitary and phyto-sanitary measures (SPS) and technical barriers to trade (TBT). According to the Ministry of Commerce (MoC), trade volume between Pakistan and China which was around $4.1 billion in t 2006-07 has reached all-time high in ... Read More »

PITAD plans holding 15 seminars for businessmen

ISLAMABAD: The Pakistan Institute of Trade and Development (PITAD) in collaboration with chambers and other trade associations has planned about 15 seminars on “Trade & Economic Issues” for business community in 2015-16. The PITAD would also undertake a number of short and long training courses on “International Trade & Economy” and would establish “National & International” linkages to undertake quality ... Read More »

Midday: KSE firms gains, up 485 points amid stiff politicking

KARACHI: The Karachi Stock Exchange’s benchmark KSE-100 on Tuesday consolidated its upward march and gained 485 points or 1.70 percent to reach 28979.47 in the midday trading, defying the prevailing bleak political scenario triggered by the ongoing sit-ins and subsequent police-protesters clashes at Red Zone in the federal capital. Despite gloom and doom prevailed across the political spectrum, the KSE-100 ... Read More »

ANF captures narcotics worth Rs916m, nails six

ISLAMABAD: The Anti-Narcotics Force (ANF) recovered 376.4 kgs of Hashish, 74 kgs of Heroin and 24 kgs of Opium in various raids carried out in Sheikhupura, Peshawar, Gilgit, Karachi and Hub. The force also nabbed six peddlers and seized two vehicles. According to details, the ANF Lahore intercepted a Toyota Corolla XLI (without number) near Sheikhupura Motorway Interchange and recovered ... Read More »

Opening: Stocks shrug off overnight loses, gain 364 points amid flurry of speculations

KARACHI: Despite the gloom and doom prevailing across the political spectrum and persisting standoff, the Karachi Stock Exchange KSE-100 index shrugged off overnight losses and started the day with a positive note, gaining 364 points or 1.28 percent to cross 28858.77 in early trading on Tuesday. The market seems to have been responded to the optimism fuelled by hopes pinned ... Read More »

Multan Customs seizes plastic grains, cloth worth Rs 15m

MULTAN: The Multan Customs Intelligence and Investigation has captured two trucks of imported cloth and plastic grains in separate raids. According to reports, the customs officials intercepted a truck near Dera Ghazi Khan and seized huge quantity of Iranian-origin plastic grains being transported to Lahore. Customs Intelligence and Investigation Additional Director Nisar Ahmad constituted special teams to foil the smuggling ... Read More »