Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In a decisive move, the Inland Revenue Service (IRS) of the Federal Board of Revenue (FBR) has taken disciplinary action against multiple officers and officials. According to a notification…
KARACHI: Jamil Nasir Chief Collector of Customs Appraisement Karachi informed that the Faceless Assessment System (FAS) is being implemented from 15th of December, 2024. All the goods declarations filed after…
KARACHI: The All Pakistan Textile Mills Association (Aptma) has called on the Federal Board of Revenue (FBR) to reassess the new customs system with input from the industry. In a…
Karachi: In a landmark anti-smuggling operation, the Collectorate of Customs Enforcement, Karachi, has achieved another significant milestone. Under the specific instructions of Collector of Customs, Mr. Moin Ud Din Ahmad…
In a decisive move to address the rampant issue of sales tax frauds, the Prime Minister has constituted a Joint Inquiry Team with immediate effect. The team comprises a diverse…
KARACHI: In a major stride towards enhancing transparency and efficiency in customs assessments, Pakistan’s Federal Board of Revenue (FBR) has launched the innovative Faceless Customs Assessment (FCA) system. This cutting-edge…
KARACHI: An FIR has been lodged before the Special Judge (Customs, Taxation & Anti-Smuggling-1) in Karachi, following a significant operation conducted by Customs authorities. Under the supervision of Chief Collector…
Karachi: In a significant development, customs authorities intercepted a consignment of high-value goods misdeclared by M/s. Adnan Enterprises, located at S-02, Anum Palace, Bohri Road Opp. Custom House, Karachi. The…
KARACHI: In a significant move to improve the quality and transparency of customs assessments for imported goods, Pakistan’s Federal Board of Revenue (FBR) has introduced the Faceless Customs Assessment (FCA)…
KARACHI: On the night of December 8th, 2024, acting on intelligence provided by an agency, the Customs Enforcement team in Karachi, led by Collector Moin Ud Din Ahmad Wani, Additional…
In a recent report, the Government of Pakistan’s Office of the Chief Collector of Customs (Exports/IOCO) in Karachi has highlighted the exceptional performance of the Export Collectorates of Karachi and…
Karachi: Pakistan Mercantile Exchange Limited (PMEX) has appointed Mr. Khurram Zafar as the Chief Executive Officer, who has already taken charge. Mr. Khurram Zafar joins PMEX with a robust background…
In a significant move to curb corruption and misuse of green channel status, Pakistani authorities have launched an unprecedented crackdown against several industries and companies. This action comes after it…
Jacobabad: In a determined effort to thwart smuggling operations, customs officials intercepted a Hino truck loaded with foreign goods disguised as iron scrap at the Shaheed Abdul Ghaffar Customs Check…
Karachi: In recent developments, three key Directors have been tasked with overseeing cases fixed before the Supreme Court. They are required to coordinate with relevant field formations to ensure that…
Karachi: In a major enforcement action, Customs Appraisement West has lodged an FIR against M/s Farid Traders for alleged mis-declaration of imported goods aimed at evading government revenue. M/s Farid…
KARACHI: In a significant development, the customs values assigned to power tools have been rescinded following a contentious Valuation Ruling. On October 3, 2024, the Directorate General of Customs Valuation…
KARACHI: The Inland Revenue Service Officers’ Association (IRSOA) has released a critical statement against the Federal Board of Revenue’s (FBR) recent policies, highlighting a significant revenue shortfall attributed to a…
KARACHI: On the directives of Collector SAPT Irfan Wahid, Additional Collector Imran Razzak has reassigned responsibilities among officers. Deputy Collector Qurat-ul-Ain Ramay has been tasked with overseeing Transshipment along with…
Karachi: In a notable move, the Federal Government has appointed Waheed Ahmed, the Patron-in-Chief of the Pakistan Fruit and Vegetable Association (PFVA) and Director of Iftekhar Ahmed and Co., as…