Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In an effort to keep aware of the imbalances arising out of the Federal Budget 2014-15 hurting the textile industry of Pakistan, Muhammad Yasin Siddik, Chairman All Pakistan Textile…
KARACHI: Pakistan Customs to conduct an auction for fresh/left over lots of general cargo on June 17, 2014 at BOML, circular said on Monday. The following are auction-able general cargos…
KARACHI: The Investigation Committee, formed by the Federal Board of Revenue on the recommendations of Federal Tax Ombudsman (FTO) to investigate clearance of older vehicles misusing the interpretation-of the provisions…
ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take stern action against its officials, who approach the board to exert political pressure for their promotion and postings. In…
KARACHI: The Model Customs Collectorate (MCC) of Appraisement-West has lodged an FIR against two persons including Amir Malik of M/s Bahria Town (Pvt) Ltd and Ghufran Tahir of M/s Jumbo…
ISLAMABAD: Federal Finance Minister Ishaq Dar on Wednesday warned of taking stern action against those who increase prices linking to the budget and the finance bill. Addressing the post budget…
KARACHI: In order to give impetus to development in sectors, which are central to economic development and there recent dormant performance has been a cause of concern, the government has…
KARACHI: For the year 2014-15 National Economic Council (NEC) has approved an overall size of Public Sector Development Programme (PSDP) at Rs 1,175 billion, which is higher by 1.7% when…
KARACHI: The Customs Intelligence Unit (CIU) of MCC Port Qasim has foiled a bid of mis-declaration, where a couple of importers tried to import CRC steel in the name of…
KARACHI: The business community has recommended the tax machinery that SRO 670(I)/2013 on sales tax on milk and milk based products which are subjected to zero rating should be retained…
KARACHI: Pakistan Customs has revised the valuation of Chinese origin alternators up to $26 per kilowatt for the collection of duty and taxes on import of such item. The Directorate…
KARACHI: Directorate General of Customs Valuation on Tuesday amended the Valuation Ruling No. 421/2012, a circular said. The following amendments have been made under Section 25-A of the Customs Act,…
KARACHI: A number of Customs officials ranging from Grade-1 to Grade-15 might be deprived of the promotion and up-gradation as they could not be able to submit their Annual Confidential…
KARACHI: The Collectorate of Customs Adjudication-I has penalized M/s Green Star Social Marketing Pakistan for availing undue benefit of exemption from whole of the sales tax and income tax under…
KARACHI: The business community has proposed an amendment in the law of ‘advance tax paid by the taxpayer’ to slash the advance tax rate to 80 percent from the current…
KARACHI: The industry experts have urged the government to cut the advance tax on imports to one percent from the existing rate of five percent because manufacturers are facing hardships…
KARACHI: The Directorate General of Intelligence and Investigation, Karachi has arrested an official of leading mobile phone company – Q-Mobile – on Wednesday and raids were carried for arrest of…
Karachi: QMobile Manager(Operation) Arrested on tax fraud Mr. Babar Sultan, Manager (Operation) of famous cellphone brand QMOBILE has been arrested in tax fraud case by Intelligence and Investigation-Inland Revenue. Raids…
KARACHI: The Pakistan Business Council (PBC) has stressed the need to improve monitoring of transit trade by ensuring the provision of submission of bank guarantee. It is suggested that Pakistan…
KARACH: Federal Board of Revenue (FBR) has received nomination of officers from different collectorates against the five posts at World Customs Organization Secretariat (WCO). The posts at the WCO are…