Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Pakistan macros continued to show improvement in FY15 as economic indicators including economic growth, inflation, fiscal deficit and external account showed improvement over the previous year. Pakistan GDP grew…
KARACHI: The Finance Minister Ishaq Dar has announced revised capital gains tax (CGT) slabs on trade of securities within two years while a new CGT slab has been introduced on…
KARACHI: Finance Minister Ishaq Dar has announced on Monday that the Federal Board of Revenue (FBR) is deprived of its authority of issuing concessionary statutory regulatory orders (SROs). Henceforth, FBR…
KARACHI: MCC Port Qasim has formed 10 different teams in order to mobilize efforts to meet revenue collection targets in the wake of closing of the financial year on June…
KARACHI: The Model Customs Collectorate of Preventive in separate raids has recovered 7.116 tons of black tea worth Rs3.7 million, which was smuggled into the country. Three FIRs have been…
KARACHI: The Income Tax Officers (ITOs) promoted to BS-18 earlier and whose promotion in BS-19 is going to be taken up at Department Selection Board (DSB) meeting on June 15,…
KARACHI: The MCC Appraisement (West) has nominated several Principal Appraisers and Appraisers to assist M/s. PRAL with regard to budget related activities i.e. feeding of amendments immediately after announcement of…
KARACHI: The Directorate General of Customs Valuation has determined the values of tubularmetal needle under PCT 9018.3200 vide Valuation Ruling No.740/2015. a reference was received from the clearance collectorate regarding…
KARACHI: The Directorate General of Customs Valuation has determined the values of hot melt adhesive glue stick, granules, chips, pellets under PCT 3506.9190 vide Valuation Ruling No.739/2015. A number of…
KARACHI: The Directorate General of Customs Valuation has determined the values of tissue paper jumbo roll vide Valuation Ruling No.738/2015. It was brought to the notice of the Directorate General…
KARACHI: A rather unknown weekly publication is facing legal proceedings, after it published a defamatory article against a reputed officer of Pakistan Customs Service (PCS). Deputy Collector of MCC Port…
KARACHI: The Department Selection Board (DSB) meeting for the promotion of Income Tax Officers (ITOs) in BS-19 has been rescheduled for June 15, 2015 instead of June 08 announced earlier.…
KARACHI: The Model Customs Collectorate of Exports has booked three exporters of gold and jewelry and customs agents for depriving the national exchequer of valuable foreign exchange worth $52.428 million…
KARACHI: Due to budget announcement on June 05, 2015, restrictions on the access of servers, information system running at FBR (HQ) will come in force from 1600 hours on June…
KARACHI: The Federal Board of Revenue (FBR) has notified promotions of BS-19 and BS-20 officers of both Pakistan Customs Service (PCS) and Inland Revenue Service (IRS). According to details, 20…
KARACHI: The Customs duty collection by Pakistan Customs surged by 22.5 percent to Rs223.598 billion during first 11 months ended May 31, 2015 as compared with the collection of Rs182.526…
KARACHI: The Directorate General of Afghan Transit Trade (ATT) has acquired another 7-day remand of the accused arrested in the case of pilferage off US Army/NATO/ISAF transit cargo. Investigations in…
KARACHI: The Federal Board of Revenue FBR) has notified promotions of BS-19 officers of Pakistan Customs Service into BS-20. As many as 21 BS-19 officers have been promoted including Dr.…
KARACHI: Several foreign agencies are pro-active pursuing their agenda to destabilize Pakistan and the transit of US Army/NATO/ISAF cargo has become their biggest weapon. Sources said that the US Army/NATO/ISAF…
KARACHI: The MCC Appraisement East has framed contravention cases to the tune of Rs1.046 billion against those who misused SRO 1125(I)/2011. Importers of raw and ginned cotton filed various petitions…