Pakistan’s real estate market turns bearish in 2017
KARACHI: The local residential real estate market has had an uneventful year in 2017, as Karachi property market (mature properties/built up) has remained more or less flat and is down…
Pakistan’s stock market becomes worst performing emerging market
KARACHI: Pakistan’s Benchmark KSE-100 index slumped from being one of the best performing markets in 2016 to 2017’s worst performing market in the world. The market generated below average returns…
SHC stays recovery of Sales Tax
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Muhammad Ali Mazhar and Justice Mrs Ashraf Jahan on Friday restrained In Land Revenue from recovering Sales Tax…
SHC orders provisional release of tiles consignment
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Muhammad Ali Mazhar and Justice Mrs Ashraf Jahan ordered release of a consignment of tile in line…
SHC warns Pakistan Customs over denial of section 81 benefit to importers
KARACHI: An appellate bench of High Court of Sindh hearing custom cases gave final warning to the department asking it to justify that why benefit of section 81 of Customs…
MCC Quetta seizes smuggled goods worth Rs6.2 million
KARACHI: MCC Quetta has detained 87400 liters of Iranian smuggled diesel worth Rs5.0 million. Information was conveyed by the Collector of Customs Ashraf Ali to the Additional Collector Zubair Shah…
Notices issued in dozens of petitions by new bench
KARACHI: A newly formed bench which would sit for few days to hear matters pertaining to customs issued notices in dozens of petitions. In a petition filed by F.J Trading…
Vehicle delisted from auction after SHC order
KARACHI: An alleged smuggled vehicle was delisted from the list of vehicles to be auctioned today (Tuesday) after an order passed by a division bench of High Court of Sindh…
SHC orders immediate release of truck
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtarand Justice Omar Sial on Friday ordered Collector Customs, Hyderabad to immediately release a truck, allegedly…
SHC adjourns petition by importer of hard ware items
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Friday adjourned hearing of a constitutional petition filed by Khas Trading…
DC Customs Hyderabad summoned to confirm number of Cigarette cartons
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Omar Sial on Thursday ordered Deputy Collector, Pakistan Customs, Hyderabad Collectorate to appear before the…
SHC allows Customs Counsel time in Asphalt Paver case
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Omar Sial on Thursday allowed time to counsel for Pakistan Customs in a petition filed…
MCC Quetta seizes smuggled goods worth Rs113.6 million
KARACHI: MCC Quetta has been quite effective against smuggling as smuggled/non-duty-paid goods worth Rs113.6 million were seized and kept in the custody of Customs in the first 19 days of…
SHC orders release of consignments under section 81 of CA 1969
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Tuesday allowed two petitions and ordered release of consignments giving relief…
SHC prevents IT department from Super Tax recovery
KARACHI: Justice Muhammad Ali Mazhar of High Court of Sindh (SHC) on Tuesday allowing an application for interim order in two identical suits challenging super tax. The single judge earlier…
Customs values of printing inks revised
KARACHI: Director Customs Valuation Iqbal Muneeb has revised the customs values of printing inks and digital printing inkjet inks vide Valuation Ruling No.1237/2017. Earlier the customs values of the Digital…
MCC Quetta seizes smuggled goods worth Rs25 million
KARACHI: MCC Quetta seized foreign origin contraband goods worth Rs25 million in a week as a rigorous anti-smuggling campaign is being pursued by the Customs with the assistance of other…
ISAF CONTAINERS CASE SPILL OVER SHC orders removal of clearing agents name from ECL
KARACHI: A division bench of High Court of Sindh (SHC) allowing a constitution petition filed by a clearing agent Fareed A Khan ordered Ministry of Interior to delete petitioners name…
Jamal Apparel case hearing on Jan 12
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Friday sought a reply from Pakistan Customs regarding confiscated grey fabric…
SHC reserves judgment in petitions against RD
KARACHI: A customs appellate bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Omar Sial on Friday reserved judgment in dozens of petitions challenging the imposition…