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Tag Archives: Pakistan Custom’s

Closing: KSE 100-index sticks to 30,000-plus level

KARACHI: The Karachi Stock Exchange (KSE) 100-index survived 30,000 psychological barrier and gained 63.76 points to reach 30088.89 points and volume of 113,364,510 shares on last day of trading, Friday. Earlier, KSE 100-index started with bullish note and gained 90.11 points to reach 30115.24 points with a volume of 14,238,550 shares till 9:45am. On Thursday, the benchmark KSE 100-index maintained ... Read More »

KSE crosses 30,000 level after severe battle between bulls & bears

KARACHI: The Karachi Stock Exchange (KSE) 100-index kept its bullish trend to cross 30,000 barrier on Thursday and gained 84.74 points to reach 30025.13 points and volume of 108,461,400 shares. Earlier, the KSE kept bullish note till midday, crossing psychological barrier of 30,000 and gained 108.83 points to reach 30049.22 points with total volume of 51,230,270 shares. The highest increase ... Read More »

Closing: KSE rebounds on strong leads from Asian, US markets

KARACHI: The Karachi Stock Exchange (KSE) 100-index 246.12 points to reach 29940.39 points and volume of 110,960,050 shares on Wednesday as political tension soothe after the Pakistan Awami Tehreek (PAT) chief ended sit-ins in Islamabad after 67 days. Also positive trends, on international markets, help traders gain confidence as Asian stock markets climb amid hopes of fresh European stimulus. Earlier, ... Read More »

Closing: KSE extends slide as rift grows between MQM, PPP

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 16.85 points to reach 29694.27 points and volume of 71,040,950 shares on Tuesday. Earlier, benchmark KSE 100-Index took a good start and gained 142 points to reach 29853.55 stage with the total volume of 16,142,400 shares. After five consecutive bearish days, Karachi Stock Exchange 100-Index Tuesday witnessed positive rally and gained 73.37 ... Read More »

Tariq Bajwa due in Karachi today

ISLAMABAD: Federal Board of Revenue Chief Tariq Bajwa is due in Karachi to visit Customs House today (Oct 21). Tariq Bajwa will attend a meeting, in which Member Customs Nisar Muhammad, Member Inland Revenue (Operations) Muhammaf Ashraf Khan, Chief Collector Appraisement Nasir Masroor, Chief Collector Enforcement Nazim Saleem, Director General Valuation Rubina Athar, Director General WeBOC will also present. The ... Read More »

Closing: KSE plunges 171 points on 1st trading day

KARACHI: The Karachi Stock Exchange (KSE) 100-index started the week on a negative note on Monday and lost 171.98 points to reach 29711.12 points and volume of 59,831,040 shares. Continuing volatility of early trading, Karachi Stock Exchange (KSE) 100-index even could not come out of the pressure till midday, shedding 61.81 points to reach 29821.29 points with the total volume ... Read More »

Pak Customs, Lucky Cement move FTO on import of shredded tyres 

KARACHI: The Pakistan Customs and M/s Lucky Cement Limited both have moved Federal Tax Ombudsman (FTO) in order to present their view points in a conflicted matter regarding import of shredded tyres. Lucky Cement imported huge quantity consignments of shredded tyres for its industrial needs through green channel while availing Duty/Taxes Remission on Export (DTRE) after making furnished goods. The ... 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 »

Appraisement-West evaluates Rs 1.89 billion penal surcharge against Dewan Cement

KARACHI: The Appraising Intelligence Branch (AIB) of Model Customs Collectorate (MCC) of Appraisement-West has finally calculated Rs 1.89 billion penal surcharge against Dewan Cement Limited, Customs Today learnt. According to sources, the authorities concerned of Law Branch and AIB were jointly taking part in making the final recovery in term of penal surcharge levy against Dewan Cement Limited. They further ... Read More »

Weekly review: KSE falls below 30,000 mark, loses 257 points

  KARACHI: The Karachi Stock Exchange (KSE) 100-index opened on a positive sentiments on the first day of trading but lost 257.07 points in the week-long trading, as it opened at 30149.95 points on Monday and closed at 29892.88 points on Friday. On Monday, the KSE gained 235.78 points to reach 30394.41 points and volume of 123,546,050 shares. Earlier on ... Read More »

Closing: KSE tumbles 500 points in 4 days

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 89.57 points to reach 29892.88 points and volume of 84,658,790 shares on Friday, as Pakistan People’s Party (PPP) is going to hold a public meeting at Bagh-e-Jinnah on Saturday which will be addressed by party Chairman Bilawal Bhutto Zardari, formally starting his political career. Overall, KSE 100-Index has lost 500 points in 4 ... Read More »

Auto part makers flay Customs’ 400pc concession to importers

LAHORE: Pakistan Customs, through ruling No 685/2014, has reevaluated the Import Trade Prices (ITPs) for Chinese motorcycle parts and gave commercial importers huge 400 per cent concession against the values determined for OEMs. However, Pakistan Association of Automotive Parts and Accessories Manufacturers (PAAPAM) has censured the Customs for reducing valuation of Chinese motorcycle parts and said that such ‘illogical’ valuation ... Read More »

Customs officials not to welcome Inland Revenue’s employees

KARACHI: The Pakistan Customs employees of grade 1-16 have expressed concern over the decision of the Federal Board of Revenue (FBR) to deploy the employees of the Inland Revenue Department in Pakistan Customs, excise/sales tax and federal excise departments. The appraisers and principal appraisers, while sharing their viewpoints with Customs Today, said that the transference by the Inland Revenue Services ... Read More »

Closing: KSE surrenders 30,000-plus level, plunges 411 points in 3 days

KARACHI: The Karachi Stock Exchange (KSE) 100-index lost 138.54 points to reach 29982.45 points and volume of 80,322,100 shares on Thursday. Earlier, benchmark KSE 100-index took a good start in a bid to recoup losses of the last two days and gained 66.73 points or 0.22 per cent to reach 30187.72 till 10:00am. In midday trading, market shed 50.02 points ... Read More »

Closing: KSE suffers huge losses, drops 234 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index, adding to yesterday losses, dropped another 234.23 points to reach 30120.99 points and volume of 103,405,260 shares on Wednesday. Earlier, benchmark KSE-100 index opened with positive trend and gained 37 points in morning trading session. In midday trading, market kept on adding to its yesterday losses and plunged 258.30 points, reaching 30096.92 points with volume ... Read More »

Closing: Bears stare through KSE, ends in black

The major stocks market of country lost 39.19 points despite a good start in morning, yesterday trading KARACHI: The Karachi Stock Exchange (KSE) 100-index could not sustain Monday’s gains and ended in black on Tuesday. The KSE, with a positive start and 100 plus gains in morning, ended with 39.19 points loss to reach 30355.22 points and volume of 118,614,590 shares. Earlier, ... Read More »

Closing: KSE takes mammoth jump of 235 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened with positive sentiments on first day of trading, Monday, to balance the slow trading of after Eid days, gained 235.78 points to reach 30394.41 points and volume of 123,546,050 shares. Earlier, KSE started the trading week on Monday with positive note and gained 94.50 points to stand at 30253.13 at 10:30am. In ... Read More »

Old is not gold for Anti-Smuggling Organisation

ASO has a few officials near retirement age and outdated equipment to curb smuggling   KARACHI: The Anti-Smuggling Organisation (ASO) of Pakistan Customs has outdated technology and a few officials near their retirement age to curb smuggling, Customs Today learnt. Sources revealed that most of ASO officials in Karachi were not familiar with latest technology, adding that they were using ... Read More »

Weekly review: KSE maintains 30,000 plus position

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened with a slow start after five days closure on weekend and Eidul Adha holidays and gained 46.72 points in the week-long trading, as it opened at 30103.23 points on Thursday and closed at 30149.95 points on Friday The week, which consists of two trading days only, was unexpectedly good for KSE as ... Read More »

Closing: KSE crosses 30,000 mark with 171 points gain

KARACHI: The Karachi Stock Exchange (KSE) 100-index with a slow start after holidays succeeded to gain 171.01 points to cross 30,000 mark and reach 30149.95 points. Volume of 107,520,680 shares on last day of trading, Friday. Earlier, KSE opened with positive note and kept on marching upward, crossed psychological barrier of 30000, by gaining 102.81 points to reach 30081.75 points ... Read More »