Pakistan Customs, Tax, Shipping & Business News Resource
The Federal Board of Revenue (FBR) has issued SRO 1637(I)/2024, introducing significant changes to the structure and jurisdictions of Customs departments in Pakistan. According to this new notification, the Appraisement…
In a significant crackdown, Karachi’s Collectorate of Customs Exports, led by Collector Irfan Javed, uncovered a major tax evasion scheme involving M/s. A.K. Brothers. Acting on credible information, Deputy Director…
KARACHI: Exporters are grappling with significant challenges caused by delays in the approval of the Export Facilitation Scheme (EFS) by the Customs Export Collectorate, Karachi. These delays have resulted in…
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…
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: Pakistan Custom MODEL CUSTOMS APPRAISMENT AND FACILITATION WEST, is likely to file Civil Petition for Leave to Appeal (CPLA) before Supreme Court of Pakistan challenging an order by passed…
KARACHI: The Karachi Chamber of Commerce & Industry (KCCI), while identifying several anomalies in the Federal Budget 2024, highlighted that the Budget appears to have been prepared in the standard…
KARACHI: A two member regular bench of High Court of Sindh comprising Chief Justice Aqeel Ahmed Abbasi and Justice Abdul Mobeen Lakho disposed of a petition CP-D 1705 of 2024…
KARACHI: Hearing an application for urgent hearing of constitutional petition No 1705 of 2024, filed by Messer’s Premium Textile-Blanket Industry, Bara Bazar-Khyber involved in alleged tax evasion of billions of…
KARACHI: Customs Adjudication in Karachi has established a Rs 233 million scam involving M/s Fairdeal Textiles Pvt Ltd, slapping the firm with a hefty Rs 100 million penalty and surcharge.…
Karachi: Mr. Atif Ikram Sheikh, President FPCCI, has emphasized that, while FPCCI supports the efforts to increase tax-to-GDP ratio, it has to be achieved through broadening of tax base and…
KARACHI: Pakistan Customs Authorities – PCA South region has exposed a colossal tax evasion scandal involving M/s Eastern Steel Karachi. The scam centered around goods worth Rs 2 billion that…
KARACHI: In a shocking revelation, the Pakistan Customs Authorities-PCA South region has exposed a colossal tax evasion scandal involving M/s Eastern Steel Karachi. The scam centered around goods worth Rs…
Asif Mukatay and Muhammad Yousaf Mukatay, Directors of M/s Fairdeal Textiles, have obtained Bail before Arrest in a case filed against them by the Customs Post Clearance Audit (PCA). Their…
At today’s meeting, the Monetary Policy Committee (MPC) decided to raise the policy rate by 125 basis points to 15 percent. In addition, as foreshadowed in the last monetary policy…
At its last meeting on 8th March 2022, the Monetary Policy Committee (MPC) noted in its statement the significant uncertainty around the outlook for international commodity prices and global financial…
KARACHI: Utrade Logistics become the first in Pakistan to be successful in getting exemption in customs duty for manufacturing units, amounting to over Rs4 billion for a biggest Cement manufacturer…