Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In a remarkable feat, the Intelligence & Investigation (I&I) Directorate in Karachi has achieved unprecedented success during the fiscal year 2023-24. The department handled 622 cases involving goods valued…
Karachi: In a significant operation against smuggled goods, the Collectorate of Customs Enforcement in Karachi carried out a raid at Al Makkah Kubdani Askar-1 Filling Station on Hub River Road,…
MULTAN: At Multan International Airport, during 303 operations, attempts to smuggle foreign goods worth more than 436.7 million rupees were thwarted, and the seized items were confiscated. The Collectorate of…
KARACHI: The Federal Government has rescinded SRO 499 (I)/2013, which extended exemption of Customs duty, sales tax and withholding tax on import of hybrid electric vehicles (HEVs) falling under PCT…
Karachi: The Federal Government has announced the imposition of additional customs duties on specific imported goods. The move aims to enhance revenue collection and regulate trade in accordance with the…
KARACHI: The Federal Board of Revenue (FBR) has imposed regulatory duty on 657 imported items, in the range of 5% to 90%effective from July 1, 2024 vide SRO 928(I)/2024. 90%…
Karachi: Pakistan’s pioneering electric motorcycle company, VLEKTRA, has won the SDGs Innovative Financing Challenge Cup, organized in partnership with the United Nations Development Programme (UNDP) and JS Bank. The company…
KARACHI: Pakistan Customs (West), Appraisement filed a Civil Petition for Leave to Appeal before Supreme Court of Pakistan challenging an order passed by an appellate bench of High Court of…
Federal Investigation Agency (FIA) has initiated in-depth investigations in the affairs of M/s Zaniq Green pertaining to fraudulent evasion of government revenue. M/s Zaniq Green attempted to clear high value…
To facilitate the taxpayers in payment of Government duties / taxes through Alternate Delivery Channels (ADC’s) and Over-the-Counter facilities, it has been decided that all banks shall observe the following…
ISLAMABAD: Competition Commission of Pakistan (CCP) has initiated action against fifteen beverage manufacturers for disseminating, prima facie, false and misleading information through their product packaging. The initial scrutiny revealed that…
Due to the shortages of gas supplies in SSGC’s system, the availability of gas has decreased, resulting in the depletion of line pack, causing low pressures in the system. Pursuant…
Karachi: The Directorate of Customs Intelligence in Karachi has intensified its efforts to combat fraudulent practices by ghost exporting units that have been exploiting duty and tax exemptions worth millions…
KARACHI: Customs Intelligence and Investigation Karachi has seized a large quantity of smuggled wrist watches in a raid conducted at Tai Roshan Trade Center. Information was received through Director I&I…
Karachi: Pakistan Telecommunications Company Limited (PTCL) has signed formal loan agreements with an International Finance Corporation (IFC)-led consortium to secure up to $400 million in financing for the acquisition of…
The total liquid foreign reserves held by the country stood at US$ 14,207.3 million as of 21-June-2024. The break-up of the foreign reserves position is as under: Foreign reserves held…
The State Bank of Pakistan (SBP) joined the global community in celebrating Micro, Small, and Medium Enterprises (MSME) Day by highlighting the pivotal role these enterprises play in driving economic…
KARACHI: A habitual offender identified as Muhammad Athar has attempted to malign Customs staff, after Customs seized his Mercedes vehicle on the suspicion of being non-Customs-paid. Pakistan Customs is pursuing…
WHETHER CUSTOM APPELLATE TRIBUNAL CAN INITIATE CONTEMPT PROCEEDINGS? KARACHI: Hearing a Special Customs Reference Application (SCRA) filed by Collectorate of Custom, East, a custom appellate bench of High Court of…
Karachi: Premier Systems (Pvt.) Ltd, a prominent IT solutions provider, recently navigated a challenging customs clearance process to secure the release of their imported networking switches. The company’s commitment to…