Govt decision to ban import of luxury item likely to backfire
KARACHI: The ban on import of 38 luxury items may not yield any relief to national economy or control increase in Dollar price against Pak currency. The major item banned…
First ever TP consignment from Taftan (Pak_Iran border) reaches Quetta Dry port
QUETTA: Another milestone was achieved by Pakistan Custom on Monday as first ever TP consignment from Iran via Taftan border reached Quetta Dry port. The event is a major headway…
SHC disposes of petition by Pak-Sat Private Limited
KARACHI: A tax appellate bench of High Court of Sindh restrained Inland Revenue from coercive recovery of income tax from petitioner company messers Pak-Sat Private Limited Islamabad. The bench earlier…
Appraisement West notifies functions of Joint PRC/ Passport verification counter for vehicles import
KARACHI: A Joint PRC / Passport Verification Counter for the Collectorates of Customs Appraisement West and East is established to streamline, simplify and facilitate the processes of receipt and subsequent…
I&I Gwadar seizes smuggled goods, NDP vehicles
GWADAR: Directorate of Customs Intelligence and investigation Gawadar (camp office Gadani) has recovered large quantity of smuggled goods from a dumping place. The value of the seized goods is Rs12.25…
Import ban not to apply on imports where BL/LC established before May 19
KARACHI: The Ministry of Commerce has clarified that the restrictions under SRO 598(I)/2022 will not apply to imports, where Bill of Lading (B/L) or irrevocable Letter of Credit (L/C) was…
Chief Collector Baluchistan inaugurates TP Module at NLC Dry Port Quetta
QUETTA: Chief Collector Baluchistan Muhammad Sadiq inaugurated the TP Module at NLC Dry Port Quetta at a ceremony attended by a large number of traders and office bearers of trade…
Government bans import of 38 non-essential luxury items
KARACHI: Government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”. Government will practice austerity and financially stronger people must lead in…
I&I of Inland Revenue instigates fake supplies case
KARACHI: In the instant case, the Complainant voluntarily filed his return of total income for tax year 2021 declaring taxable income Rs.745,254/- and showing withholding tax deduction Rs.263,201/- . Reportedly…
SHC declines injunction applications as Plaintiff avail remedy before special forum
KARACHI: Justice Adnan Iqbal Chaudhry of High Court of Sindh dismissed a number of Miscellaneous applications filed by Sheharyar Trading Lahore, a registered importer of ISAR BLACK CLUBS seeking temporary…
Supreme Court takes suo motu notice on ‘perceived interference’ in prosecution dept
KARACHI: On the advice of a judge of the Supreme Court, Chief Justice of Pakistan Umar Ata Bandial on Wednesday took suo motu notice of the “perceived interference in the…
Prime Minister approves promotion of 31 officers into BS-22
KARACHI: Prime Minister Shahbaz Sharif chaired the High Powered Selection Board (HPB) meeting on Wednesday, and approved promotions of BS-21 officers into BS-22. PTI government had been postponing the HPB…
Can any persons be punished before committing an act/offence? SC decision invalidates defection clause, changes constitution
KARACHI: A number of legal and moral questions have arisen after yestersday’s decision by the five member bench hearing a Presidential reference sent by Imran Khan’s government regarding member of…
SHC without electricity since 7:45 am No backup, no generator
KARACHI: the electricity at SHC was disrupted this morning after a blast in Pole Mounted Transformers. The sudden shut down is continuing till 9:30 am when this news is filed.…
Supreme Court verdicts puts PML-N in hot waters; Nawaz Sharif not returning to Pakistan
KARACHI: The Supreme Court of Pakistan has said that the vote of dissenting lawmakers will not be counted in parliament as the top court expressed its opinion on presidential reference…
FTO’S intervention results in creation of huge tax demand, recovery of over Rs660 million by FBR
KARACHI: An own motion investigation was initiated by FTO in terms of section 9(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance), on evidence based information that some of…