FBR notifies transfer and postings of PCS officers
KARACHI : Federal Board of Revenue (FBR) has announced transfers and postings of 54 officers of BS-17 and BS-18 of Pakistan Customs Service (PCS) with immediate effect and until further…
Smuggled black tea: Hearing adjourned till Sept 28
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan on Wednesday adjourned hearing of three Special Custom Reference Applications (SCRA’s)…
SHC issue notices in three more LED lights cases for Sept 06
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan on Wednesday ordered issuance of notices to the respondent custom officials…
Tausif Qureshi made Member FBR
KARACHI: On promotion to BS-21, Tausif Ahmad Qureshi, an officer of Pakistan Customs Service, presently posted as Director, Directorate of IPR Enforcement (Central), Lahore, is transferred and posted as Member,…
FBR promotes senior officers of Inland Revenue Service
KARACHI: Federal Board of Revenue (FBR) has notified promotions of Inland Revenue Service (IRS) officers. As many as two IRS officers are promoted to BS-21 from BS-20 including Muhammad Tanvir…
FBR promotes senior officers of Pakistan Customs Service
KARACHI: Federal Board of Revenue (FBR) has notified promotions of Pakistan Customs Service (PCS) officers. As many as three PCS officers are promoted to BS-21 from BS-20. The FBR notified…
Customs values of door knob, door lock revised
KARACHI: Directorate of Customs Valuation has revised the customs values of knob & handle door lock, door handle thumb action lock (entrance lock), night latch/Rim lock and electric rim lock…
Customs values of paper and board revised
KARACHI: Directorate of Customs Valuation has revised the customs values of non-carbon releasing paper, art card/coated board/paper and light weight coated papers vide Valuation Ruling No.1205/2017. The customs values of…
Judgment reserved in Horizon case
KARACHI: The judgment was reserved in Horizon International case involving imported Grey fabric by an appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar…
SHC extends benefit of section 81 to petitioners in LED lights case
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan on Monday ordered custom officials to extend the benefit of section…
Customs Intelligence Quetta seizes smuggled mobile phones worth Rs20.9 million
KARACHI: Directorate of Customs Intelligence & Investigation Quetta has detained 950 smuggled mobile phones valuing Rs20.9 million involving duty and taxes of Rs10.45 million. According to details, information was received…
Guards posted at RTO-III Karachi shot dead
KARACHI: Two security guards deployed outside a Federal Board of Revenue (FBR) office in Karachi were shot dead by unidentified assailants on Monday in a suspected attack of targeted killing,…
Additional directors at I&I Karachi reassigned
KARACHI: Directorate General of Intelligence & Investigation –FBR has re-distributed work amongst Additional Directors at Directorate of Customs Intelligence & Investigation, Karachi with immediate effect. Additional Director-I Muhammad Ahsan Khan…
HBL shuts New York operations as US to slap a penalty of $630 million
KARACHI: Habib Bank Limited (HBL) has announced to close its operations in New York after the state Department of Financial Services (DFS) seeks to slap a civil monetary penalty of…
Pakistan stocks drop 1.0 percent as economic indicators get worse
KARACHI: Weak sentiments persist at the Pakistan stock exchange (PSX) with the KSE-100 index shedding another one percent during the week ended August 25, 2017 as political derailment puts economy…
Customs Risk Management System unable to safeguard revenue
KARACHI: The Risk Management System (RMS) has miserably failed in safeguarding the legitimate revenue of the government of Pakistan as the unscrupulous elements have found ways to manipulate with the…
Minitech Cable case: Importers affidavit called
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Zulfiqar Ahmed Khan ordered an importer to submit an affidavit that he made an…
Horizon case Petitioner side completes arguments, Respondents to reply on Aug 28
KARACHI: The hearing of a number of identical petitions filed by importers of “Grey Fabric” including leading petition filed by Horizon International was adjourned till Monday, Aug 28 when counsel…
SBP launches refinance and credit guarantee scheme for women entrepreneurs
KARACHI: State Bank of Pakistan (SBP) has launched “Refinance and Credit Guarantee Scheme for Women Entrepreneurs in Under-served Areas” at an impressive ceremony in Quetta. The Governor SBP Tariq Bajwa…
Hearing for M/s E-Movers license suspension rescheduled for August 25, 2017
KARACHI: MCC Appraisement West has summoned M/s E-Movers Pvt Ltd for a hearing scheduled for August 25, 2017 regarding suspension of their bonded carrier license a M/s E-Movers has been…