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Tag Archives: Pakistan Custom’s

Closing: KSE slides 75 points as bears haunt back

KARACHI: The Karachi Stocks Exchange (KSE) 100-Index lost 75.31 points to reach 30104.99 on Wednesday as the ongoing political unrest spread confusion among the investors. The KSE 100-index opened at 30180.36 and made trade of total volume 108,694,110 shares. Although it was a volatile opening in the Karachi Stock Exchange as stocks went down sharply, the KSE-100 index recovered quickly ... Read More »

Wagha to have WeBOC modules in 2 weeks: DG Tariq Nawaz

  KARACHI – The pending Transit Trade modules in the Web Based One Customs (WeBOC), the online automated system of Pakistan Customs, at the Wagha border would be installed within next two weeks, Director General of Reforms and Automation (R&A) in the FBR Tariq Ahad Nawaz said. In an exclusive interview with Customs Today at Customs House, Karachi, on Monday, ... Read More »

Closing: KSE on upward drive, adds 110 points

Closing: KSE shows buoyant mood, adds 110 points KARACHI: The Karachi Stock Exchange KSE-100 index on Tuesday in its buoyant mood added to its yesterday gains, taking the points tally to 110.17 to reach 30180.30 points. The KSE-100 index, opened at 30070.12 points with a buoyant mood and kept upward march, gaining 203 points to reach the level of 30273 ... Read More »

Closing: Foreign investors prop up KSE with slight gains

KARACHI: The Karachi Stock Exchange (KSE) 100-Index gained 25.24 points to reach 30070.13 on the first trading day of the week as the deadlock in dialogue between government and PTI and PAT, has been worsening the weeks-long political uncertainty in federal capital. The KSE 100-index opened at 30044.89 and traded 68,539,480 shares during the day. The market lost 142 points ... Read More »

Saudi Arabia to help set up ANF lab

ISLAMABAD: Saudi Arabia has offered financial assistance to Anti-Narcotics Force (ANF) for establishment of a state of the art laboratory to check sophisticated drugs. The ANF has started to search site for the laboratory in Rawalpindi. According to Anti-Narcotics Division Secretary Akbar Khan Hoti, ANF is deficient in tracing out narcotics and drugs being smuggled in or out through modern ... Read More »

FBR assigns Rs 20.7 billion yearly target for Appraisement Lahore

LAHORE: The Federal Board of Revenue (FBR) has finally assigned customs duty collection target to Model Customs Collectorate (MCC) Appraisement Lahore for the financial year 2014-15. According to details, MCC appraisement Lahore has been asked to collect total duty of Rs 20.73 billion for fiscal year 2014-15 which is 26 percent more than the last year target. The MCC Appraisement ... Read More »

Customs valuation of Fleece Fabric issued

KARACHI: The Directorate General of Customs Valuation has determined the Custom values of Fleece Fabric through Valuation Ruling No.683/2014 under Section 25-A of the Customs Act, 1969. The exercise to determine the Customs values of Fleece Fabric was initiated after it was brought in the notice of the Directorate General of Customs Valuation that Fleece Fabric is being imported from ... Read More »

Weekly review: KSE crosses 30,000 barrier despite sit-ins, floods

KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 531.08 points in weeklong trading as it opened at 29513.73 points on Monday and closed at 30044.89 points on Friday. The KSE witnessed bullish trend most of the days, despite month long sit-ins, protests, clashes and political unrest in the federal capital, and flood. The first day of trading, Monday, was ... Read More »

Closing: KSE firms gains, up 186 points

KARACHI: Karachi Stocks Exchange (KSE) 100-Index gained 186.52 points to reach 30044.89 mark on Friday as the opposition jirga, mediating between the government and PTI and PAT, presented “the best possible formula” to end the month-long political standoff. KSE 100-index opened at 29858.37 points and traded total share volume of 104,324,470 shares.The market opened on upward note and crossed the ... Read More »

Excise Dept computerises 287,000 properties in Sialkot, Gujranwala

SIALKOT: The Excise and Taxation Department has computerised the record of 287,000 public properties in both Sialkot and Gujranwala districts under its upgradation plan. Now, the people of Sialkot and Gujranwala could check their properties’ record online. According to Director of Excise and Taxation Gujranwala Division Syed Ashiq Hussain Shah, the computerisation of the public properties would help in reducing ... Read More »

Dubai Customs seizure cases up 23pc in first half

DUBAI: Dubai Customs has raised collections from seized contraband as it has 23 percent more seizure case during the first half of this year than the same period of last year. As per details, Dubai Customs Passenger Operations Department has 1,037 confiscations during the first half of this year as compared to 843 seizures during the same period last year. ... Read More »

Customs judge remands 3 in fake ‘E’ form case

LAHORE: Customs Judge Tanveer Akbar sent three accused on a two-day remand for using fake ‘E’ form for foreign exchange on export in separate cases on Thursday. The court, accepting request of the customs investigation officer, granted remand of three accused, including clearing agents M Rashid, Nadeem and Wasim of Shipping and Freight Forwarders, on their alleged involvement in using ... Read More »

Closing: KSE bounces back with 167 points

KARACHI: Karachi Stock Exchange (KSE) 100-Index gained 167.06 points to reach 29858.37 mark on Thursday as the negotiators of government, PTI and PAT hoped the resolution of political unrest soon. Political standoff in the capital has caused some fears among the investors while flood related apprehensions caused lacklustre activity at the bourse, as investors remained cautious to participate actively anticipating ... Read More »

ANF recovers narcotics worth Rs 1.24 billion in 8 raids

ISLAMABAD: Anti-Narcotics Force (ANF) recovered drugs worth Rs 1.24 billion during eight operations at Islamabad, Rawalpindi, Mianwali, Peshawar, Khyber Agency and Karachi and recovered 1.2 ton of charas, 3 kg of heroin and 700 grams of opium, arresting 12 drug peddlers. According to details, ANF Peshawar raided a house in Khyber Agency and recovered 1210 kg of charas from the ... Read More »

TCS, Smart Zone multi-billion smuggling case hearing put off

ISLAMABAD: A special court headed by Customs Taxation and Anti-Smuggling Customs Judge Muhammad Ahmad Farooqi has postponed the hearing of the TCS and Smart Zone Company smuggling case as lawyers of the accused did not appear in the court. As per details, TCS former CEO Saqib Hamdani, Manager Logistics Ghazanfar Gul and Smart Zone Company Owner Shakirullah asked the court ... Read More »

US Customs seizes drugs worth $128K

SANTA TERESA: The US Customs has seized marijuana worth $128,000 and arrested two men in a raid by US Customs and Border Protection officers at the Santa Teresa port of entry. Customs intercepted two men, Armando Yanez Balbuena, 36, and Noel Oguer Aguirre Garcia, 40, who were entered the port from Mexico. Customs officers were screening vehicles when they noticed ... Read More »

Import goods theft at Ports becoming severe: Muffasar Malik

KARACHI: Acting President of the Karachi Chamber of Commerce and Industry (KCCI), Muffasar Atta Malik has expressed deep concern over rising incidents pertaining to theft of imported goods during examination and clearance from all ports of Karachi city, which causes severe losses to importers. In a statement issued, acting president urged Ports and Shipping Ministry and Chairmen of all ports ... Read More »

Closing: Bears dominate KSE amid political uncertainty in Islamabad

KARACHI: The Karachi Stock Exchange (KSE) 100-Index lost 37.60 points to reach 29691.31 points due to prolonged political uncertainty haunting the federal capital. The market opened with negative note losing points to reach 29712.11 from the overnight 29728 points in midday trading; however, market recovered quickly gaining 59 points to reach 29787 after that. The KSE 100-index opened at 29665.90 and total ... Read More »

Customs not to clear 6 fabric trucks sans import documents

KARACHI: The Cloth Merchants Association has expressed deep concerns over the seizure of six trucks containing imported fabric during a raid conducted by FBR Directorate General of Customs Intelligence & Investigation Karachi and Pakistan Rangers near Allahwala Market, Lucknow Plaza. As per details, the association termed the raid “illegal” and alleged that the customs intelligence was misusing powers by breaking ... Read More »

Customs seizes shampoos, soaps at Sagian Bridge

LAHORE: The customs anti-smuggling cell seized a bus loaded with non-customs paid goods worth Rs 0.8 million on Tuesday. Sources said that the anti-smuggling cell impounded imported shampoos, soaps and miscellaneous goods at the Sagian Bridge. They said that the cell sent a team under guidance of Anti-Smuggling Inspector Khalid Butt that confiscated the bus filled with illegal goods and ... Read More »