SRO 598 – misconstrued
KARACHI: Passengers coming to Karachi by air alleges illegal seizure and confiscation of food stuff and other items, import of which on commercial scale is banned recently by the Federal…
Acting Governor SBP, Dr. Murtaza Syed inaugurates Meezan Roshan Digital Centre
Karachi: The Acting Governor State Bank of Pakistan (SBP) Dr. Murtaza Syed recently visited Meezan Bank’s Head Office in Karachi along with the Deputy Governor Ms. Sima Kamil and the…
Shahid Hussain Rizvi retires after illustrious career in Pakistan Customs
KARACHI: Syed Shahid Hussain Rizvi retired from the service of Pakistan Customs after an illustrious career spanning over more than three decades. He joined Pakistan Customs in 1985 and his…
JIAP Customs swing into action, seizes items banned recently
KARACHI:The officials of Pakistan Customs at Jinnah International Airport (JIAP), Karachi seized food stuff, fruits, Sanitary Ware, Used Mobile Phones and branded shoes brought allegedly under the garb of bona…
Govt decision to ban import of luxury item likely to backfire
KARACHI: The ban on import of 38 luxury items may not yield any relief to national economy or control increase in Dollar price against Pak currency. The major item banned…
First ever TP consignment from Taftan (Pak_Iran border) reaches Quetta Dry port
QUETTA: Another milestone was achieved by Pakistan Custom on Monday as first ever TP consignment from Iran via Taftan border reached Quetta Dry port. The event is a major headway…
Monetary Policy Statement
1. At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 150 basis points to 13.75 percent. This action, together with much needed fiscal consolidation,…
SHC disposes of petition by Pak-Sat Private Limited
KARACHI: A tax appellate bench of High Court of Sindh restrained Inland Revenue from coercive recovery of income tax from petitioner company messers Pak-Sat Private Limited Islamabad. The bench earlier…
Appraisement West notifies functions of Joint PRC/ Passport verification counter for vehicles import
KARACHI: A Joint PRC / Passport Verification Counter for the Collectorates of Customs Appraisement West and East is established to streamline, simplify and facilitate the processes of receipt and subsequent…
I&I Gwadar seizes smuggled goods, NDP vehicles
GWADAR: Directorate of Customs Intelligence and investigation Gawadar (camp office Gadani) has recovered large quantity of smuggled goods from a dumping place. The value of the seized goods is Rs12.25…
Import ban not to apply on imports where BL/LC established before May 19
KARACHI: The Ministry of Commerce has clarified that the restrictions under SRO 598(I)/2022 will not apply to imports, where Bill of Lading (B/L) or irrevocable Letter of Credit (L/C) was…
Chief Collector Baluchistan inaugurates TP Module at NLC Dry Port Quetta
QUETTA: Chief Collector Baluchistan Muhammad Sadiq inaugurated the TP Module at NLC Dry Port Quetta at a ceremony attended by a large number of traders and office bearers of trade…
Monetary Policy Announcement
The Monetary Policy Committee of SBP will meet on Monday, May 23, 2022 at SBP Karachi to decide about the Monetary Policy. Later on, SBP will issue the Monetary Policy…
Engro Fertilizers collaborates with Sindh Agriculture University for seminar on cotton production technology
Karachi: Engro Fertilizers, Pakistan’s premier seed-to-harvest solutions provider, has partnered with the Sindh Agriculture University, Tando Jam, to organize a mega seminar on cotton production technology to help boost crop…
Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 16,161.0 million as of 13-May-2022. The break-up of the foreign reserves position is as under:- Foreign reserves held…
Government bans import of 38 non-essential luxury items
KARACHI: Government has imposed a ban on the import of 38 non-essential luxury items under an “emergency economic plan”. Government will practice austerity and financially stronger people must lead in…
I&I of Inland Revenue instigates fake supplies case
KARACHI: In the instant case, the Complainant voluntarily filed his return of total income for tax year 2021 declaring taxable income Rs.745,254/- and showing withholding tax deduction Rs.263,201/- . Reportedly…
SHC declines injunction applications as Plaintiff avail remedy before special forum
KARACHI: Justice Adnan Iqbal Chaudhry of High Court of Sindh dismissed a number of Miscellaneous applications filed by Sheharyar Trading Lahore, a registered importer of ISAR BLACK CLUBS seeking temporary…
Supreme Court takes suo motu notice on ‘perceived interference’ in prosecution dept
KARACHI: On the advice of a judge of the Supreme Court, Chief Justice of Pakistan Umar Ata Bandial on Wednesday took suo motu notice of the “perceived interference in the…
Prime Minister approves promotion of 31 officers into BS-22
KARACHI: Prime Minister Shahbaz Sharif chaired the High Powered Selection Board (HPB) meeting on Wednesday, and approved promotions of BS-21 officers into BS-22. PTI government had been postponing the HPB…