Pakistan should persist with reforms, IMF says
KARACHI: Pakistan has succeeded in stabilizing its economy, but steady implementation of reforms will be vital if the country hopes to find a place among the world’s fast-growing emerging markets,…
Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Pakistan has succeeded in stabilizing its economy, but steady implementation of reforms will be vital if the country hopes to find a place among the world’s fast-growing emerging markets,…
KARACHI: The Directorate General of Intelligence & Investigation-FBR has lodged an FIR nominating M/s Saryal Cargo Channel & Customs Clearing Agency, Mohammad Asad Khan of M/s Port Connection for unauthorized…
KARACHI: MCC Exports Air Freight Unit has lodged another FIR against a jewelry exporter for furnishing fake and fabricated Form-E and depriving the economy of valuable foreign exchange worth $17.3…
KARACHI: The Court of Special Judge (Customs & Taxation) has issued non-bail-able warrant of one Yingquan Pang, a Chinese national, and directed to put his name in the exit control…
KARACHI: The Intelligence & Investigation Customs has sought approval of Federal Board of Revenue and Ministry of Finance so that focal person of US Consulate in Karachi could be nominated…
KARACHI: Involvement and patronage of corrupt practices by the FBR officers is not a new phenomenon; the Federal Board of Revenue (FBR) has recently dismissed several officers and officials from…
KARACH: Directorate General of Intelligence & Investigation (I&I) Customs has expanded the domain of investigations in the case regarding pilferage of hazardous waste out of ISAF/NATO forces reverse cargo as…
KARACHI: The Intelligence & Investigation (I&I) Inland Revenue has lodged an FIR booking three persons for their involvement in receiving sales tax refund on fake and flying sales tax invoices.…
KARACHI: The Directorate of Intelligence & Investigation (I&I) Customs has seized eight containers of ISAF reverse cargo destined to Germany via Port Qasim, as these were filled with wooden pallets…
KARACHI: Data from an official report suggests that Pakistan’s import of leading items, which contributed significantly towards the Customs revenue declined drastically in the first nine months of the current…
KARACHI: The Directorate General of Intelligence and Investigations (I&I) of Pakistan Customs has unearthed that reverse cargo of US/NATO forces in Afghanistan carrying hazmat waste was pilfered enroute to Port…
KARACHI: The Federal Board of Revenue (FBR) has notified that Muhammad Saleem (BS-20 PCS) presently posted as Collector Model Customs Collectorate of Appraisement (West), Karachi is assigned the look after…
KARACHI: The Customs duty collection by Pakistan Customs surged by 22.44 percent to Rs180.206 billion during nine months ended March 31, 2015 as compared with the collection of Rs147.441 billion…
KARACHI: The Customs Appellate Tribunal has rejected the appeal of M/s Port Qasim Authority against demand created by Directorate General Intelligence & Investigation – FBR. M/s Port Qasim Authority is…
KARACHI: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has appreciated Directorate General of Internal Audit for detecting non-realization of revenue to the tune of billions of rupees and part…
KARACHI: The joint team of R&D East and R&D West has arrested another accused namely Bukht Khan, involved in the import and clearance of banned pharmaceutical chemicals while the prime…
KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) have submitted comprehensive taxation proposals to the Chairman, Federal Board of Revenue (FBR) for inclusion in the Federal Budget 2015-16, which…
KARACHI: The Directorate General of Customs Valuation has determined the customs values of Liquid Paste Colorants vide valuation Ruling No.724/2015 for the first time. According to details, numerous complaints were…
KARACHI: The Directorate of Internal Audit (Customs) has made an observation underlining non-realization of revenue to the tune of Rs220.485 million in respect of Group-IV of MCC Appraisement West. The…
KARACHI: The Federal Board of Revenue (FBR) has announced income tax exemption on profits and gains derived from an electric power generation project formed by the splitting up, or the…