4th Financial Crime Summit to be held this week
Karachi: The 4th Financial Crime Summit will be held this week on January 14, 2023 in Karachi, with the theme ‘Post-FATF Financial Crime Action Plan – Continuing the National Anti-Financial…
Cashbacks On Bills: K-Electric (KE) Partners with Savyour and Visa for Savings.
Karachi, January 11, 2023: Promoting a culture of bill payments through digital means, K-Electric (KE) has partnered with Visa, the world leader in digital payments, and Savyour – Pakistan’s only…
Martin Dow Group Launches Scholarship Program for IBA Students
Karachi: Martin Dow, the Multinational Healthcare Group in Pakistan, has launched another initiative for deserving students at IBA Karachi under the program of M. Jawed Akhai Scholarship seats. Chairman of…
Total fine/penalty of Rs884mn imposed on M/s CAUSIS Mass Transit
KARACHI: Collector Adjudication Feroz Junejo has imposed fine and penalty of another Rs442 million on M/s CAUSIS Mass Transit (Pak) Private Limited for fraudulent mis-declaration of value of imported electric…
I&I Gwadar seizes 50,000 liters of smuggled diesel
GWADAR: Customs Intelligence and Investigation Gwadar (I&I Gwadar) seized large quantity of smuggled diesel near Gadani. Customs Intelligence and Investigation is pursuing a rigorous anti-smuggling campaign across the country. Working…
Several Classifications and Advanced Ruling issued to facilitate trade
KARACHI: Customs Classification Committee has addressed several references for the classification of imported items in the last couple of months, as dozens of Classifications and Advanced Ruling were issued. Chief…
I&I Karachi lodges FIR against importer, shipping line and delivery agent for importing liquor
KARACHI: Customs Intelligence and Investigation Karachi (I&I) has lodged an FIR against M/s. J & A International, Shipping line M/s Ocean World Lines International LLC, and Delivery Agent, M/s. Transbridge…
SHC gives interim relief to A.O Traders
KARACHI: A Custom Appellate bench of High Court of Sindh ordered release of goods imported by A.O.Trafers as interim arrangement. The bench earlier heard counsel from noted law firm Franklin…
Customs Adjudication slaps fine/penalty of Rs442mn on M/s CAUSIS Mass Transit
KARACHI: Collector Adjudication Feroz Junejo has penalized M/s CAUSIS Mass Transit (Pak) Private Limited for fraudulent mis-declaration of value of imported electric buses to evade legitimate government revenue. The importer…
SECP to reform PMEX for creating linkage with rural economy: Akif Saeed
KARACHI: The Chairman, Securities & Exchange Commission of Pakistan (SECP) Akif Saeed said regulatory and structural reforms will be introduced along with product development to link Pakistan Mercantile Exchange (PMEX)…
Secretary Law & Justice calls meeting as Custom Appellate Tribunal facing Administrative, financial issues
KARACHI: Ministry of Law and Justice has taken serious note over the administrative as well as financial issues in respect of Customs Apellate Tribunal across the country. Federal Secretary Law…
I&I Lahore delivers exceptional performance in the last quarter of 2022
LAHORE: Directorate of Intelligence & Investigation-Customs, Regional Office, Lahore has performed exceptionally well in the 2nd quarter of fiscal year 2022-23 (Oct 22 –Dec 22) by demonstrating vehement resilience against…
GIS (VRR and FRR) Auction Result
Auction of 03-Year and 05-Year GIS (VRR) was held on Jan 03, 2023 with settlement date of Jan 05, 2023. The bids were received as under: GIS VRR Result Auction…
Martin Down Group win 2 GDEIB Awards
Martin Dow Group, a Leading Multinational Healthcare Group in Pakistan received Global Diversity, Equity & Inclusion (DEI) Benchmark Awards 2023 in 2 categories. The company received ‘Best Practice’ award in…
License of M/s Fatima Bonded Warehouse is cancelled
M/s Fatima Bonded Warehouse, along with importer and clearing agent is found to be involved in illegal removal of non-duty paid goods from their Customs Bonded Warehouse. The MCC Port…
FIR lodged against M/s Seagate International
KARACHI: On the instructions of Collector Appraisement East Karachi Aamir Thaim, an FIR is lodged against M/s Seagate International for submitting forged documents to evade legitimate government revenue. M/s Seagate…
FTO achieved a record and an incredible disposal of 6034 complaints in 2022
KARACHI: During a short span of one year, Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah (HI-SI) has achieved a record and an incredible disposal of 6034 complaints in 2022.…
I&I Karachi seizes smuggled goods worth Rs54 million
KARACHI: The anti-smuggling team of Customs Intelligence, Karachi has seized smuggled betel nuts and other goods worth more than Rs54 million. Information was passed through Director Saquif Saeed to Additional…
KTBA moves Member Policy IR over double collection of IT
KARACHI: Karachi Tax Bar Association (KTBA) has moved against notices issued by the Inland Revenue to Malls, Amusement Parks etc asking them to collect income tax on electricity bill. KTBA…