Cotton prices remain flat
KARACHI: No movement was witnessed in the price of cotton on Thursday as there was limited demand from the spinners and exporters, brokers said. The spot rates at the Karachi…
FBR notifies taxation on builders/developers rules
KARACHI: The Federal Board of Revenue (FBR) has notified that builders and developers would pay advance tax at the rate of 5.0 percent of the tax liability at the time…
Smuggling at lowest level in Pakistan’s History: Zahid Khokhar
Karachi: Chief Collector, Customs Enforcement, South, Muhammad Zahid Khokhar has said that smuggling has been cut down to the lowest level of the history in Pakistan, smuggling of diesel is…
Appraising officers association prepares for elections after six years
KARACHI: The office bearers of Pakistan Customs Appraising Officers Association have invited all the members of the association to prepare for the elections of the association. In a joint statement…
Customs Adjudication imposes conditional penalty on SNGPL
KARACHI: Collector Customs Adjudication Chaudry Muhammad Javaid has imposed a conditional penalty on M/s Sui Northern Gas Pipelines (SNGPL) for evading duty/taxes and claiming inadmissible of concessionary SRO. Collector Adjudication…
SHC dismisses SCRA’s filed by I&I, Customs against confiscation of oil tankers
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Abdul Malik Gaddi on Wednesday dismissed two identical Special Custom Reference Applications (SCRA’s)…
SHC allows return of surety after custom’s nod
KARACHI: A divisional bench of High Court of Sindh (SHC) on Wednesday allowed return of surety deposited with the Nazir of SHC against provisional release of consignments of rubber. The…
FTO offices being enhanced to ensure inexpensive, speedy justice: Abdul Rauf
KARACHI: Federal Tax Ombudsman (FTO) Abdul Rauf Chaudhry has said that the number of FTO offices has successfully been raised to nine by setting up four more offices in numerous…