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Tag Archives: Pakistan Custom’s

FBR up in arms to curb contrabands

According to a report appearing in Customs Today, the United States has provided state of the art equipment to the Federal Board of Revenue to stop the smuggling of explosive material into the country.US Ambassador Richard Olson has handed over 10,000 chemical testing kits, 80 vehicles and five first defenders night vision glasses to FBR chairman Tariq Bajwa. The equipment ... Read More »

Indian gold smuggler sent on six-day physical remand

KARACHI: The Pakistan Customs has arrested one Sunder Lal from the Jinnah International Airport Karachi for attempting to smuggle 50 tola gold to India. Customs and Taxation Court Judge Arshad Noor Khan has handed over the accused to the customs authorities on a six-day physical remand. According to details, 50 tola of gold was recovered from the suit case of ... Read More »

Closing: KSE falters on 32,000pts rally, reverses to 31344pts losing 97.75pts

  KARACHI: The Karachi Stock Exchange 100-index lost 97.75 points to settle at 31344.07  points and volume of 9,856,868,839  shares on last day of trading, Friday. Earlier, benchmark KSE 100-index lost 94.65 points or 0.30 per cent to reach 31347.17 points on the last trading day. The bullish spree broke yesterday when KSE closed losing 187.38 points or 0.59% to settle at 31441.82 ... Read More »

Appraisement-West holds consignment for availing undue benefit of DTRE

KARACHI: The Appraising Intelligence Branch of Model Customs Collectorate Appraisement-West has held a consignment at the Karachi International Terminal for availing undue concessionary benefit of zero-rated duty/taxes as per Duty Taxes Remission on Exports (DTRE). The sources informed Customs Today that the Appraising Intelligence Branch on information held the polyester yarn consignment and claiming DTRE on export of the consignment. ... Read More »

Closing: KSE tumbles on 32,000pts rally, sheds 187pts to close at 31441.82pts

KARACHI: The Karachi Stock Exchange 100-index lost 187.38 points to settle at 31441.82 points and volume of 160,838,810 shares on Thursday. Earlier, the Karachi Stock Exchange opened at the overnight closing of 31,629 points and continued the spree, adding to the joys of investors and brokers. The market appeared buoyant and steady, reflecting its resolve to cross the new highs. ... Read More »

Closing: Buoyant KSE flying high to cross 32,000pts, registers another 325 points

KARACHI: Bullish stocks adamant to rise high and high and appeared to have set eye on crossing another high of 32,000 points as benchmark KSE-100 index gained another massive 325.57 points to settle at 31629.20 points on Wednesday. The Karachi Stock Exchange continued upward march steadily and all day seems to have gained the confidence to keep the bull-run prevail, ... Read More »

Weekly review: KSE makes history, nearly touches 31,000 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on positive sentiments on the first day of trading and gained 553.51 points in the week-long trading, as it opened at 30,376.53 points on Wednesday and closed at 30,930.04 points on Friday. Earlier, the Customs Today predicted that the KSE 100-Index would touch the benchmark of 31,000 points till closing of the ... Read More »

Dutch cattle to graze in Pakistan after 11 yrs

LAHORE: Cattle trade between Pakistan and Netherlands restored after 11 years after a protocol agreement between the two governments. The trade relaxation will provide Pakistan’s dairy sector a high standard Dutch cattle market, as the Netherlands are the cradle of the famous Holstein Friesian cow, and have perfected this healthy and fertile breed over the centuries. Dutch Holstein Frisian cows ... Read More »

Appraisement-East releases auto parts consignments on SHC orders

KARACHI: The Model Customs Collectorate (MCC) of Appraisement-East has released the detained consignments of auto parts on Sindh High Court (SHC) orders. According to details, the SHC had issued contempt notices against Collector MCC Appraisement-East Najeeb-ur-Rehman Abbasi, Deputy Collector (R&D) Rizwan Mehmood and appraiser Dost Muhammad for not releasing auto parts consignments despite the court orders. The SHC had asked ... Read More »

Closing: KSE 100-Index grazes all-time record of 31,000pts with 0.001% on intra-day high of 30999.71pts

KARACHI: The Karachi Stock Exchange (KSE) KSE 100-Index has almost grazed the highest-ever psychological barrier of 31,000 points on Friday with 0.001% with intra-day high of 30999.71 points. KSE gained 266.26 points to close the week on 30930.04 points and volume of 158,275,810 shares on last day of trading, Friday. At a time, it looked that the market would touch or even ... Read More »

Closing: KSE maintains all time high position, up 70 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 70.47 points to reach 30663.78 points and volume of 211,621,120 shares on Thursday by maintaining all time high postion. Earlier, stocks consolidated its overnight rally and kept on upward march, adding another 162 points or 0.53 percent to take the benchmark KSE-100 to 30755 points level till 9:45am. The mark opened at overnight ... Read More »

Closing: KSE compensates holidays, adds 216 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 216.78 points to reach 30593.31 points and volume of 133,854,400 shares on the start of trading after Ashura holidays, Wednesday. Earlier, the market began the week on a positive note and the benchmark 100 index kept on upward march, setting the trend for the trading. The Karachi Stock Exchange KSE-100 went up 107 ... Read More »

Strong rupee increased net collection of customs duty by 1 % : FBR Year Book 2013-14

ISLAMABAD: Increase in value of rupee versus dollar pushed net collection of customs duty up by around one percent in fiscal year 2013-14, a according to the Year Book 2013-14 issued by the Federal Board of Revenue (FBR). The Year Book 2013-14 of FBR showed that the Customs duty contributed around 17.4percent and 10.6percent in the indirect taxes and federal ... Read More »

Closing: KSE 100-Index rebounds with 172 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index 172.44 points to reach 30376.53 points and volume of 74,527,210 shares on last day of trading, Friday. Earlier in the morning, the market opened at the overnight closing of 30207 points and kept on upward march. The investors responded positively to the positive trend in the market and remained engaged in trading. Buoyancy ... Read More »

Closing: KSE bounces back, scores 91 points  

KARACHI: The Karachi Stock Exchange (KSE) 100-index 90.85 points to reach 30204.09 points and volume of 81,187,130 shares on Thursday. Benchmark KSE 100-index gained 133.43 points to reach 30246.67 points with the total volume of 42,072,860 shares till midday. Earlier, the country’s biggest stock market started with positive note, recouping two days losses and gained 74.38 points to reach 30187.62 points ... Read More »

Customs ‘iPhone App for trace & track’ next week

KARACHI: Pakistan Customs will launch a free Apple iPhone software application that would help importers trace and track their consignments from their cell phones, Customs Today reliably learnt on Wednesday. Highly-placed sources within the Directorate of Reforms & Automation told Customs Today that the application, to be available free from Apple App Store, is already under testing. The application would ... Read More »

Closing: KSE back into red zone amid cautious trading

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 13.34 points to reach 30225.62 points and volume of 101,465,880 shares on Tuesday. Earlier the market opened on a positive note, though investors appeared cautious, the overall sentiments remained bullish. The stock exchange which opened at overnight closing of 30238 points rallied and set the direction for the investors. The bullish trend ... Read More »

Closing: KSE 100-Index extends winning streak, adds 140 points

  KARACHI: The Karachi Stock Exchange (KSE) 100-index gained 140.47 points to reach 30238.96 points and volume of 90,046,030 shares on first day of trading, Monday. Despite gloom and doom prevailed across the political spectrum, the KSE-100 index, opened at 30,098.49 and gained 27.68 points to reach 30126.17 points with total volume of 41,749,800 shares till midday. Earlier, benchmark KSE ... Read More »

Weekly review: Bulls beat bears at KSE with 206 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on negative note on the first day of trading, however, gained 206.01 points in the week-long trading, as it opened at 29892.88 points on Monday and closed at 30098.49 points on Friday. On Monday, the KSE lost 171.98 points to reach 29711.12 points and volume of 59,831,040 shares. Continuing volatility of early ... Read More »

SHC directs customs to release Noor Zeb Traders’ consignment

KARACHI: A division bench of the Sindh High Court (SHC) has directed the provisional release of auto parts held by the Pakistan Customs over valuation dispute. The court ordered the provisional release of the consignment on payment of differential amount-half to the customs and half to the court. The court issued the directive while hearing a constitution petition filed by ... Read More »