SECP registers 2,596 companies in March 2023
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,595 new companies in March 2023. This shows an increase of 10% as compared to corresponding period of last year.…
Tax ombudsman directed FBR to deregister the late taxpayer
KARACHI: While disposing of a complaint, Tax Ombudsman Asif Jah has directed FBR to withdraw the notice of monitoring of withholding tax and to cancel registration/NTN of deceased person. Briefly,…
MCC Appraisement East lodged FIR against M/s Roshan city Traders
KARACHI: MCC Appraisement East had lodged an FIR against several for mis-declaring quantity, description and value of the imported goods to hoodwink legitimate government revenue of Rs3.3 million approximately. M/s…
SECP registers 1,691 new companies in July 2022
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 1,691 new companies in the first month of Fiscal Year 2022. After July’s incorporations, the total number of registered companies…
President Dr. Arif Alvi confirms prompt and appropriate decision taken by Federal Tax Ombudsman
KARACHI: President Dr. Arif Alvi confirms prompt and appropriate decision taken by Federal Tax Ombudsman that non action by FBR in the case of non-filers/non-NTN holders who failed to disclose…
SHC orders immediate release of plastic scrap consignment
KARACHI: The Collector of Customs, Port Muhammad Bin Qasim was asked to immediately release a consignment of plastic scrap which was stopped at the port due to blocking of NTN…
SHC Mumtaz Ghani Textile Mills, SHC seeks compliance report in 10 days
KARACHI: Hearing two almost identical petitions filed by Mumtaz Ghani Textile Mills Ltd, a customs appellate bench of High Court of Sindh on Monday allowed ten day time to the…
SHC orders de-blocking of Telenor’s NTN
KARACHI: The authorities of Pakistan Customs were asked by a customs appellate bench of High Court of Sindh to de-block the NTN of mobile giant Telenor Pakistan. The bench comprising…
SHC fixes petition against IPR on April 30
KARACHI: Justice Junaid Ghaffar of High Court of Sindh (SHC) on Tuesday fixed April 30 to hear a suit filed by one Fazal-e-Rabbi against Directorate of Intellectual Property Right, Pakistan…
Digicom’s petition hearing adjourned till today
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Wednesday adjourned hearing of a constitutional petition filed by Digicom Trading…
Notices issue in petition by Digicom Trading for Nov 24
KARACHI: Notices were issued to the Pakistan Customs, Preventive, Appraisement West, Collector Exports and Air Freight Unit, Jinnah Terminal for Nov 24 by a customs appellate bench hearing a constitution…
De-blocking of NTN: SHC fix Feb 14 to hear Data Steel case
KARACHI: A division bench of High Court of Sindh (SHC) fixed Feb 14 as next of hearing in a petition filed by Data Steel Pipe Industries Limited seeking de-blocking of…
Customs Appraisement South prepares proposals for Federal Budget 2016-17
KARACHI: Customs Appraisement South, in their proposals for the Federal Budget 2016-17, has recommended imposition of regulatory duty (RD) in the range of 5.0 percent to 15 percent on various…
FBR advises I&I-IR to furnish details of politicians, doctors, sportsmen, fashion designers
KARACHI: The Federal Board of Revenue (FBR), accelerating the drive against big fishes, asked all directors of Intelligence & Investigation- In land Revenue (I&I-IR) to furnish the updated information of…
Taxpayers unable to e-file withholding tax statements
KARACHI: FBR’s IT wing, Pakistan Revenue Automation Limited (PRAL) has not been able to fix the bugs in the system due to which a large number of taxpayers are unable…
Misuse of concessionary SRO; Customs Intelligence lodges FIR
KARACHI: Customs Intelligence & Investigation (Enforcement) has lodged an FIR against an importer for evading government’s legitimate revenue through misuse of SRO 492(I)/2009. Brief facts of the case are that…
SHC seeks comments in bank account freezing case
KARACHI: Hearing a constitution petition filed by a driver whose Computerized National Identity Card (CNIC) was used for exports worth six hundred thousand US Dollars following which his bank account…
Sheikh Tariq appointed Chairman of FPCCI Standing Committee on Customs Agents
KARACHI: President Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Abdul Rauf Alam has appointed Sheikh Mohammad Tariq as the Chairman of FPCCI Standing Committee on Customs Agents for…
Hearing in duty draw back claims case adjourned till Nov 27
Karachi:- A division bench of High Court of Sindh (SHC) comprising Justice Sajjad Ali Shah and Justice Muhammad Junaid Ghaffar adjourned hearing in a case relating to duty draw back…