Meeting at FBR discusses issues of textile industry
KARACHI: A high level meeting of the representatives of textile industry was held in FBR (HQs) to discuss issues relating to viability of textile sector and issues of textile industry…
A number of senior PCS officers set to retire in next 5 years
KARACHI: A large number of senior officers of Pakistan Customs Service (PCS) in the next five years which would create vacancies for junior officers to be upgraded in senior grades.…
Pakistan’s petroleum gases import register huge jump in July
KARACHI: Pakistan’s petroleum gases and gaseous hydrocarbon imports have surged massively to Rs7.958 billion in July 2015 as compared with Rs2.145 million in July 2014, as reported by Customs Appraisement…
MCC Preventive foils gold smuggling bid
KARACHI: The MCC Preventive staff at Jinnah Terminal has foiled a bid to smuggle large quantity of gold bars, mobile phones and laptop and tablets etc worth Rs7.4 million. Four…
Govt to further consult chambers, trade bodies to resolve WHT issues
KARACHI: The government is having consultation with all leading chambers and trade bodies to take their input and suggestions for resolving the issues concerning withholding tax (WHT) on bank instruments…
Pakistan Customs revenue collections decline in July 2015
KARACHI: The Customs duty collection by Pakistan Customs declined by 10.38 percent to Rs15.12 billion in July 2015 as compared with the collection of Rs16.873 billion in July period last…
Committee formed to inquire involvement of Customs officials suspended eight months back in wheat import scam
KARACHI: Finally, the Federal Board of Revenue (FBR) has formed a committee to ascertain the extent of involvement of Customs officers in wheat import scam, wherein shipping agent and importer…
Investigations into liquor smuggling hints involvement of a senior Customs officer
KARACHI: The investigations into the case of huge quantity liquor smuggling hint that the crime was being undertaken in an organized manner and the authorities are investigating possibility of involvement…
Important offices lying vacant as postings of Grade-20 officers are awaited
KARACHI: As the recently promoted officers of Pakistan Customs Service have assumed their new officers a couple of important officers are lying vacant as transfers and postings of Grade-20 officers…
Post Clearance Audit Karachi makes record performance in July
KARACHI: The Directorate of Post Clearance Audit has made remarkable performance in the month of July 2015 and detected 25 cases involving revenue of Rs62.888 million. Post Clearance Audit headed…
MCC Appraisement East illegally holding TPs destined to dry port Lahore
KARACHI: Iron and steel industry in Lahore is running short of raw material as MCC Appraisement East has illegally stopped transshipment (TP) of their consignments imported from China for home…
Two accused to NATO/ISAF cargo pilferage get bail after 4 months
KARACHI: The Customs Court has granted bail to two of the accused involved in the pilferage of NATO/ISAF container. These include Saad Zulfiqar Manager DP World and Malik Asad of…
US Consulate General Economic Officer meets PAJCCI office bearers
KARACHI: Pakistan Afghanistan Joint Chamber of Commerce & Industry (PAJCCI) would take all steps to promote bilateral trade across the borders of Pakistan and Afghanistan and to bring the parallel…
Steel importers challenge regulatory duty imposed vide SRO 18(I)/2015
KARACHI: Over a hundred iron/steel importers have approached Sindh High Court challenging the legality of SRO No. 18(I)/2015, which has imposed 5.0 percent regulatory duty on flat rolled products of…
Tribunal strikes down fines & penalties imposed on mobile accessories importer
KARACHI: The Customs Appellate Tribunal has set aside the order passed by Customs Adjudication imposing fines and penalties on mobile accessories importer namely M/s Abdul Aziz & Brothers. According to…
Government increases sales tax on import, supply of petroleum products
KARACHI: The Federal Government has revised the rate of sales tax on import and supplies of petroleum products with effect from August 01, 2015. According to SRO 720(I)/2015, sales tax…
FBR high-ups reach Dubai to discuss tax policy issues with IMF
KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has left for Dubai on Friday to attend the meeting with IMF, Member Customs Nisar Mohammad Khan is already in Dubai…