Tuesday , September 29 2020
Breaking News
Home / Tag Archives: Pakistan Custom’s (page 8)

Tag Archives: Pakistan Custom’s

Heavy rains play havoc with Lahore dry ports

LAHORE: Like other areas of the city, torrential rains have played havoc with already insufficient infrastructure at the Lahore Dry Port; bring business activities to a grinding halt. The Mughalpura Dry Port and Thokar Niaz Baig Dry Port have faced devastation to their already underdeveloped infrastructure due to the recent heavy rains. The dry ports have been inundated in rainwater ... Read More »

Customs ASO seizes container of smuggled Irani tiles

KARACHI: A team of Anti-Smuggling Organization (ASO) of Directorate General of Customs Intelligence and Investigation-Karachi on the special directives of Director General, Customs Intelligence and Investigation-FBR, Lutfullah Virk has seized smuggled Irani tiles worth Rs 2.5 million in a raid. According to the details, an ASO team comprising Incharge Haji Muhammad Aslam, Akmal Hashmi, Asfar Shah and others on a ... Read More »

Weekly review: Bulls emerge victorious with 938 points gains at KSE

KARACHI: The Karachi Stock Exchange (KSE) 100-index has gained 938.67 points in weeklong trading as it opened at 28567.74 points on Monday and closed at 29506.41 points on Friday. The KSE witnessed bullish trend most of the days, despite another week of sit-ins, protests, clashes and political unrest in the federal capital. The first day of trading, however, was not ... Read More »

Hyderabad Customs seizes 35,000 litres Iranian oil

HYDERABAD: The Hyderabad Anti-Smuggling Squad has seized contrabands worth Rs 5.9 million including 35,000 litres Iranian oil and 17,000 metre cloth in August. As per details, Hyderabad Assistant Collector Preventive Imanullah on directives of Model Customs Collectorate Collector Dr Wasif Ali Memon, conducted successful raids against Iranian diesel, cloth and other contrabands and recovered the smuggled goods worth Rs 5.9 ... Read More »

Closing: Political uncertainty pushes KSE down 97 points

KARACHI: The Karachi Stock Exchange (KSE) 100-index opened at a bearish note on Friday and went down by 97.89 points to reach 29506.41, as political strife still haunted the federal capital. The highest index was witnessed at 29659.91 points, while the lowest level was recorded at 29467.97 points. Trading volume decreased to 35,105,980 shares in stock market. Experts were of ... Read More »

PRV Section of Appraisement-West recovers Rs7.4m in 23 cases

KARACHI: The Post Release Verification (PRV) Section of Model Customs Collectorate (MCC) of Appraisement-West has recovered an amount of Rs7418993 in 23 cases in the month of August-2014. According to details, the PRV Section of MCC-Appraisement (West) has recovered an amount of Rs297487 through a Goods Declaration (GD) No75124; recovered an amount of Rs61342 through a GD No13959 and recovered ... Read More »

Corruption as faux pas

LAHORE: There is much hype in the electronic and print media about corruption in Pakistan, but this menace persisted even before the independence and is not a new phenomenon. Once during his speech to a general public meeting, Quaid-e-Azam had said that the policeman still not had stopped taking four ana bribe from vendors and the policemen on the occasion ... Read More »

Pakistan improves world ranking, but …

The World Economic Forum’s (WEF) has issued a Global Competitiveness Report for 2014 – 2015, indicating that there is improvement in the Pakistani economy, and it is now at 129th place out of 144 economies around the world. The report issued by Mishal Pakistan, the country partner institute of the Center for Global Competitiveness and Bench-marking Networks of the WEF, ... Read More »

PIA, Air Blue, Shaheen Air tried in Rs 1 billion tax scam case

KARACHI: The hearing of sales tax case between two state owned organizations, Pakistan Customs and Pakistan International Airlines (PIA), was conducted at Sindh High Court (SHC). Additional Attorney General Attiq Shah on behalf of both organizations attended the hearing in Sindh High Court. As per details, Pakistan Customs had raised demand of over Rs 1 billion in share of sales ... Read More »

Maneka, Customs officials for removing ATT, WeBOC hurdles

KARACHI: A meeting was held to discuss transit trade and review the progress of the reconciliation of consignments moving from Karachi ports to border points of the Pakistan Customs in Peshawar and Quetta. Director General of Transit Trade (TT) Khawar Farid Maneka presided the meeting which was attended by the additional director Karachi, deputy director TT processing Karachi, deputy director ... Read More »

Excise Department issues notices to recover luxury tax in Gujranwala

SIALKOT: The Excise and Taxation Department has issued notices to 170 owners of luxury houses in Gujranwala division to recover Rs 70 million as luxury tax. The Punjab government has recently levied luxury tax under the ratio of Rs 125,000 per kanal as property, including the posh localities of the cantonment boards. Director Excise and Taxation Ashiq Hussain Shah said ... Read More »

Govt urged to reap benefits of GSP Plus status

SIALKOT: The Sialkot Dry Port Trust (SDPT) chairman has urged the government ensure early implementation of the rules and regulations to protect environment, eradicate child labour and eliminate corruption under GSP Plus status granted by the European Union (EU) to reap full benefits of the status. Addressing an awareness seminar here, he said that early implementation of GSP Plus rules ... Read More »

Closing: Karachi stocks show 8.75 points increase on Thursday

KARACHI: The Karachi Stocks Exchange 100-index gained only 8.75 points on Thursday to reach 29604.30 mark as political standoff still prevails in Islamabad. The KSE 100-index opened at 29523.78 and total trade volume remained 128,676,320 shares. The highest increase witnessed in price of Fauji Cement, Telecard Limited, Jah sidd Company and Engro Corporation while the Unilever Pakistan, Siemens Pakistan, Shield ... Read More »

Political crisis amid inflation

The warning bells are ringing from all sides amid political crisis in Islamabad. The whole world is watching developments in Pakistan and friendly countries like China and the United States are looking the events with concern. The Indian prime minister, who is spitting venom against Pakistan since his Bharatiya Janata Party has come to power,is also worried about the situation ... Read More »

Vehicle amnesty scheme: FBR seeks reply from Collector Wasif Memon

KARACHI: Federal Board of Revenue (FBR) Customs Tariff-III Secretary Syed Ali Zaman Gardezi has asked the Collector of Customs (Inquiry Officer) Dr Wasif Ali Memon to submit his written reply against the impugned charge-sheet C 9 (2) /2014-M.I in connection with the illegal import of 119 vehicles under the amnesty scheme. As per details, the FBR has requested for attested ... Read More »

Bajwa to visit Multan RTO on Friday

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will visit Multan Regional Tax Office (RTO) on September 5 (Friday) to review the field formation operations and tax collection efforts. As per details, the FBR chairman and member Inland Revenue Muhammad Ashraf Khan will visit Multan RTO on Friday to discuss the strategy to achieve the revenue target for current fiscal ... Read More »

ONO issued against Water Link in NATO goods pilferage case

KARACHI: Ahmed Mujtaba Memon, the Collector of Customs Adjudication-I, has issued Order-in-Original (ONO) against Water Link Pakistan (Private) Limited. The ONO was also against Water link Pakistan Managing Director Ghulam Mustafa, manager, assistant manager (operations) Karachi Port Trust, broker of New Ittehad Shanwari, supervisor of Water Link, owner of confiscated vehicle, drivers, Ehsanuddin and Company (Private) Limited, Fayyaz Hussain of ... Read More »

Customs seizes smuggled goods from The Mall

LAHORE: The Anti-Smuggling Cell of the Model Customs Collectorate (MCC) Lahore has confiscated smuggled goods worth Rs 3 million in a raid on The Mall. Sources told Customs Today that the anti-smuggling unit seized 260 dish receivers, 15 LEDs and mobile accessories on The Mall near GPO in Lahore.   Read More »

FBR exceeds revenue target for August by Rs 3 billion

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the monthly revenue collection target of Rs 180 billion for August 2014 as it collected over Rs 183 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 183 billion during August 2014 against assigned monthly revenue collection target of Rs 180 billion with ... Read More »

Telenor terms allegations of tax evasion by customs baseless

KARACHI: Telenor Pakistan Director Corporate Communications and Responsibility Atifa Asghar, in response to the allegations of tax evasion, said that Telenor Pakistan was a law-abiding and responsible corporate entity, and that it always met its legal and ethical obligations. “The allegation of tax evasion is misconceived and incorrect,” she told Customs Today. “It is a matter of different interpretations and ... Read More »