Monday , September 21 2020
Breaking News
Home / Tag Archives: Sindh High Court

Tag Archives: Sindh High Court

Rs35b money-laundering scam: Faryal Talpur granted pre-arrest bail

LARKANA: Two days after the Federal Investigation Agency (FIA) declared Pakistan People’s Party (PPP) Co-chairman Asif Ali Zardari and his sister Faryal Talpur absconders in a money-laundering scam involving Rs35 billion, the latter obtained pre-arrest bail from the Sindh High Court on Monday. Talpur filed a petition in the SHC Larkana circuit bench seeking pre-arrest bail. The bench approved bail ... Read More »

Rs10/kg subsidy on sugar: Sindh millers halt cane crushing

KARACHI: Worried over the production cost of Rs60 per kg of sugar against its sale price of Rs49 per kg, more than 30 sugar millers have stopped sugar production. They are demanded a cut in current sugarcane support price, or Rs10 subsidy on their production costs. According to reports the sugar millers have suspended sugarcane crushing for an indefinite period. ... Read More »

24pc shares still belong to govt: Kh Asif tells NA body govt to rein in ‘K-Electric activities’

ISLAMABAD: The government still holds 24 to 25 percent shares in K-Electric and has two members on its board of directors. The government had expressed concern over the company’s past two transactions in which 74 percent shares were divested and then the original buyers offloaded 35 percent shares to a second party. Speaking during a meeting of the National Assembly ... Read More »

Customs intelligence awaits FBR’s high-ups nod to end tax evasion

KARACHI: The intelligence officials of Pakistan Customs have some significant proposals for minimising  tax evasion attempts in the department while they need prompt attention of FBR high-ups i.e. FBR Chief Tariq Bajwa and Member (Customs) Nisar Muhammad Ali over the said prevailing dilemma. Sharing their views with Customs Today, the senior officials of intelligence branch said that the scrutiny of ... Read More »

PNSC’s operaionalisation issues affect contract with PSO

ISLAMABAD: Operationalisation issues of the Pakistan National Shipping Corporation (PNSC) are negatively affecting the positive yields of the contract of afrieghtment (COA) with the Pakistan State Oil. The PNSC and PSO entered into a memorandum of understanding (MoU) in August 2012 and thereafter, signed a Contract of Afreightment (COA) after two months, i.e in October, followed by an Addendum in ... Read More »

Rs17m recovery case: SHC adjourns hearing against Tessori Trading

KARACHI: A division bench of Sindh High Court adjourned the hearing of a special customs reference seeking recovery of Rs 17 million from Tessori Trading Company (Pvt) Limited to a Date in Office due to absence of the respondent’s counsel. The bench comprised of Justice Aqeel Ahmed Abbasi and Justice Muhammad Junaid Ghaffar. The reference filed by the customs collector ... Read More »

Sindh High Court discharges Najam Hameed’s petition

KARACHI: A division bench of Sindh High Court discharged a petition filed by Najam Hameed, superintendent preventive services, challenging his suspension. Najam Hameed has named Federation of Pakistan through the finance secretary, the Federal Board of Revenue chairman, FBR member (admin/customs) and other officials as respondents. Hameed said that he was appointed in the Customs Department as preventive officer in ... Read More »

Customs agents to challenge SHC verdict in Supreme Court

KARACHI: The Karachi Customs Agents Association (KCAA) has decided to move Supreme Court of Pakistan against the Sindh High Court verdict in which it restored All Pakistan Customs Agents Association (APCAA) and to file a suit in order to get stay order over a SHC verdict, it was learnt here on Tuesday. The KCAA sources informed Customs Today that a ... Read More »

SHC adjourns hearing on Customs appeal in Rs 9.8 million case

KARACHI: A division bench of Sindh High Court adjourned the hearing of a high court appeal filed by the Federation of Pakistan, Collector of Customs (Exports) after asking the lawyer who represented State Bank of Pakistan in the civil miscellaneous appeal to approach the Bank whether he could represent it in the instant case. The appeal filed by Collector of ... Read More »

Afghan Transit Trade scam: Customs body yet to start proceedings

KARACHI: A two-member committee has not yet started inquiry proceedings against Superintendent Preventive Service (SPS) Javed Mughal in his alleged involvement in allowing Afghan Transit Trade (ATT) cargo without Customs checking, Customs Today learnt. The committee comprising Pakistan Customs officer Nayyar Shafiq, Additional Collector and Asif Ali Abro, Assistant Commissioner, Inland Revenue Services (IRS) has not yet convened its single ... 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 »

SHC bars judicial magistrate from hearing turtles smuggling case

  KARACHI: The Sindh High Court (SHC) on Thursday barred a judicial magistrate from hearing the turtles smuggling case until further orders. A division bench, led by SHC Chief Justice Maqbool Baqar, also issued notices to the interior and climate change secretaries, the Federal Board of Revenue (FBR) chairman, the Sindh chief, home and wildlife department secretaries. The World Wide Fund ... Read More »

SHC adjourns Rs 50 million lawsuit against Customs 

KARACHI: The Sindh High Court (SHC) adjourned the hearing of Rs 50 million lawsuit against the collector, additional collector and deputy collector of the Model Customs Collectorate of Appraisement-East for alleged evasion of over Rs 430 million in duties and taxes. The suit filed by Royal Packages requested the court to order the defendants to pay Rs 50 million damages ... Read More »

Govt pays K-Electric Rs53b during current year, Rs312b in eight years

ISLAMABAD: The government paid Rs312 billion to the Karachi Electricity Supply Company (K-Electric) during the last eight years, in which Rs228 billion was paid in just last four years and Rs84 billion was paid last year, while with the highest ratio, Rs53 billion was given to the company during the ongoing year to fill the ‘tariff gap’, Minister of State ... Read More »

SHC serves contempt notice on Appraiser Dost muhammad

  KARACHI: The Sindh High Court (SHC) has issued contempt notice against Dost Muhammad, the appraiser at the Model Customs Collectorate of Appraisement-East, Research and Development (R&D) Department, on his failure to release goods as per the court orders. Sources told Customs Today that the SHC has issued the contempt notice, adding that the case will come up for hearing ... Read More »

SHC orders Customs to release imported consignment

KARACHI: The Sindh High Court ordered the Customs authorities to immediately release imported consignment withheld after completion of Goods Declaration (GD) and payment of all duties and taxes under the garb of unilateral change of PCT Heading instead of the PCT Heading specifically earmarked for the goods. The court issued the order while hearing a constitutional petition filed by M/S Rajwani Denim Mills, through ... Read More »

Govt seeks parliament nod to give market access to India

ISLAMABAD: The federal government has decided to forward Non-Discriminatory Market Access (NDMA) – a term coined after Most Favoured Nation (MFN) status for India, to parliament for approval to normalise trade ties with India. The decision was taken after lack of understanding between inner opposition and stakeholders. As per details, the government is waiting for end to sit-ins so that ... Read More »

Multan Customs clears major coal technology consignments in August

MULTAN: Multan Appraisement Principal Appraiser Mahmood Ahmad Khan has said that the Multan Dry Port authorities have cleared the major consignments of the coal power plant in August to help government end energy crisis. He said that Kot Addu Power Plant Company (KAPCO) is an independent power plant company, which generates electric power and going to install new coal power ... Read More »

In the hope of future

The foreign missions situated in the Red Zone have been closed down for five days owing to volatile situation in the area while no party seems to be in a mood to accommodate the other in the current political spectrum. In this scenario one wonders where Pakistan will stand in 2050 predicted by Jim O’Neill, a British economist, that the ... Read More »

Economy in the dock

Through their contradictory statements, the government ministers have been repeatedly warning the nation about billions of rupees losses to the national exchequer since Imran Khan, chief of the Pakistan Tehreek-e-Insaf, and Dr Tahirul Qadri, chief of the Pakistan Awami Tehreek started their marches and sit-ins in the twin cities of Islamabad and Rawalpindi. Khurram Dastgir, the federal commerce minister, puts ... Read More »