Pakistan promising market for oil and gas sector investment
KARACHI: Pakistan is a highly promising and rewarding market for oil and gas sector, while investment in the energy sector of the resource-rich province of Baluchistan can reduce oil and…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Pakistan is a highly promising and rewarding market for oil and gas sector, while investment in the energy sector of the resource-rich province of Baluchistan can reduce oil and…
KARACHI: The Directorate General of Customs Valuation has determined that mineral coal of Afghanistan origin falling under HS code 2701.1900 may be assessed at $85 per metric ton. Coal Traders…
KARACHI: The National Electric Power Regulatory Authority (NEPRA) has notified upfront tariff for Thar coal power plants, which will only be available for brand new plants. This was one of…
KARACHI: On the directives of Collector MCC Hyderabad, Wasif Ali Memon, the Deputy Collector ASO Hyderabad Amanullah Tareen launched another operation against illegal petrol-diesel pumps in district Umerkot with the…
KARACHI: Anti smuggling organization (ASO) Hyderabad has dismantled four more illegal petrol/diesel pumps engaged in receipt and supply of smuggled diesel in Kotri District Jamshoro on January 7, 2015. These…
KARACHI: MCC Hyderabad has initiated crackdown against the smuggling of Irani diesel and petrol pumps selling the same. Chairman FBR Tariq Bajwa and Member Customs Nisar Mohammad Khan on November…
KARACHI: The Customs Appellate Tribunal has struck down the fine and penalties imposed by Customs Adjudication on a mineral oil importer for being malafide on the part of Customs Appraisement,…
KARACHI: Pakistan Customs to conduct an auction of confiscated diesel and petrol on June 3, 2014 at Model Customs Collectorate (Preventive), Karachi, a notification said. It is to inform that…
KARACHI: The Pakistan Customs in a joint operation with City Administration and Police has demolished as many as 64 fuel stations, which were selling smuggled petrol/diesel causing loss to national…
KARACHI: The joint team of Pakistan Customs, Police and City Administration has demolished 21 petrol pumps in the city, which were selling smuggled petroleum products, while 43 more petrol pumps…
KARACHI: The collection of revenue in terms of duty and taxes on the import of oil including petroleum and edible oil remained 17 percent short of the target during October…
KARACHI: The auction of confiscated diesel/petrol will be held on December 19, 2013 at Model Customs Collectorate of Preventive, Custom House, Karachi. According to notification, around 217492 liters seized diesel/petrol…
KARACHI: Federal Board of Revenue (FBR) has directed all the customs collectorates to prevent illegal import of LPG through Pakistan-Iran and Pakistan-Iran border as substandard smuggled LPG is threat to…
KARACHI: Pakistan Atomic Energy Commission has asked the Collector of Customs Appraisement West to allow clearance of PAEC imports to classified firms. The PAEC requested Pervaize Commerical Trading Company and…
KARACHI: The Directorate of Customs Valuation has re-determined the customs values of brake fluid to reflect the current price trends in the international markets as the last valuation ruling in…
KARACHI: The Supreme Court of Pakistan has admitted Additional Commissioner Inland Revenue (IRS) as the competent authority to issue notice a taxpayer under section 122(5A) of the Income Tax Ordinance…
KARACHI: Pakistan customs Wednesday directed the officials to prevent import of products resulting in rapid depletion of ozone layer. The customs authorities circulated a fresh list of the most common…