Pakistan Stock Exchange: Panic fading away
Pakistan stocks slipped 0.79 percent in the week ended September 29, 2017 primarily due to apprehensions on local political front led by of ongoing inquiry against reigning finance minister, lack…
SBP keeps interest rates unchanged at 5.75 percent
KARACHI: State Bank of Pakistan (SBP) has maintained the key interest rates unchanged at 5.75 percent for the months of September-October 2017. Macroeconomic environment remains conducive to growth without impacting…
Customs values latex rubber threads revised
KARACHI: The Directorate of Customs Valuation has revised the customs values of latex rubber threads vide Valuation Ruling No.1214/2017. Customs values of latex rubber threads were earlier determined vide Valuation…
Customs Values of HRC, CRC and GP revised
KARACHI: The Directorate of Customs Valuation has revised the customs values of HRC/CRC and GP (secondary quality) vide Valuation Ruling No.1213/2017. Customs values of HRC/CRC/GP (Secondary quality) were earlier determined…
Resentment grows against chief collector appraisement south
KARACHI: The measures introduced by Chief Collector Appraisement South Abdul Rasheed Sheikh have created unrest among the appraisement staff, as the Chief Collector is now interfering with the work and…
MCC Peshawar comes hard against smuggling
KARACHI: MCC Peshawar has foiled bids to smuggle narcotics and foreign currency as Collector Gul Rehman tightens noose around unscrupulous elements. On information received from Gul Rehman, the special Checking…
FBR notifies transfers and postings in Pakistan Customs Service
KARACHI: Federal Board of Revenue (FBR) on Thursday notified transfers and posting of BS-17/18 officers of Pakistan Customs Service (PCS) with immediate effect. 01. Honnak Baloch (Pakistan Customs Service/BS-18) has…
KCAA Election: offices handed over to the newly elected body
KARACHI: Rumpus marred the general body of Karachi Customs Agents Association (KCAA), as the offices of the association were handed over to the newly elected body. Customs agents created uproar…
MISDECLARATION OF PCT, EVASION OF MILLIONS IN CUSTOM DUTY DIT files SCRA in a Chief Autos case
KARACHI: The Directorate of Intelligence & Investigations, Pakistan Customs has filed a Special Customs Reference Application (SCRA) impugning a judgment by Member Judicial (II) of Special Customs Appellate Tribunal, Karachi,…
Chief Collector forms monitoring system to expedite clearance
KARACHI: Chief Collector Appraisement South Abdul Rasheed Sheikh, in order to expedite the clearance and avoid undue delays, has formed a monitoring syste, wherein Additional Collectors of assessment groups are…
KCAA election results revised after a controversial recounting of votes
KARACHI: As was anticipated or some might say designed, the recounting/reconciliation of votes of the Karachi Customs Agents Association (KCAA) Election 2017-18 reversed the provisional results. AS per provisional results…
MCC Port Qasim recovers over Rs5.5 million from Engro Foods
KARACHI: MCC Port Qasim has recovered a sum of Rs5.8 million approximately from M/s Engro foods Limited, which the company had short-paid through mis-declaration of sixth schedule. On the directives…
SHC issues notice for Oct 04 in vehicle confiscation case
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Tuesday issued notices to the officials of Directorate of Intelligence…
KCAA Election: Directorate of Industries bars recounting of votes
KARACHI: Directorate of Industries Sindh (Registration Wing) has advised Chief Election Commission Asif Mehmood of Karachi Customs Agents Association (KCAA) that the registered by-laws of the association do not permit…
SHC issue notices for Sept 28 in Scrap tyre import case
KARACHI: Notices were issued for Sept 28 to Chief Collector, Appraisement, East Shaikh Rasheed and other custom officials in a petition challenging demand of “Climate Certificate”. Earlier a Customs Appellate…
KCAA Election: Controversies rise that may lead to litigation
KARACHI: The recently held election of KCAA are getting more and more controversial and it is likely that the issue would be taken to litigation as the competing panels have…
Principal Appraisers, Appraising Officers served explanation letters
KARACHI: MCC Appraisement East on the directives of Chief Collector Appraisement South has served Explanation Letters on a number of Appraising Officers and Principal Appraisers for processing several goods declarations…
Appraisement East redistributes work among deputy/assistant collectors
KARACHI: MCC Appraisement East has redistributed work among Deputy/Assistant Collectors with immediate effect. Deputy Collector Mohamad Ali Malik is assigned headquarters, R&D, Group-V, Audit (external & internal) and CPF. Deputy…
MCC Appraisement West sets up Communication Room
KARACHI: MCC Appraisement West has established a Communication Room at Customs House Karachi for making or receiving important and emergency calls, as the Chief Collector Appraisement South has barred assessment/examination…
APBF flays NEPRA for hike in power tariff amid high trade deficit
KARACHI : Rejecting the hike in electricity tariff by the National Electric Power Regulatory Authority on pressure of Power Distribution Companies, the All Pakistan Business Forum has asked the authorities…