Coal importer gets relief from MCC Port Qasim
KARACHI: The Model Customs Collectorate (MCC) Port Qasim has granted relief to a coal importer by issuing a delay and detention certificate and changing the consignee name of the imported…
Commercial imports/exports under Mercantile Marine Department being switched over to PSW
KARACHI: After the successful implementation of the pilot phase of the Mercantile Marine Department (MMD) integration with PSW, the commercial imports and exports of all items falling under the purview…
Pakistan’s auto sales hit record low in July 2023
Pakistan’s auto sales of local assemblers dropped to a record low of 4,250 units in July 2023, according to provisional data from the Pakistan Automotive Manufacturers Association (PAMA). This represents…
Betel Nut Imports Halted Over Aflatoxin Contamination
KARACHI: The Ministry of Health has ordered the Directorate General of Plant Protection (DPP) to stop the clearance of any container carrying betel nut (supari) that has arrived at Karachi…
Balance of Payments (BOP) June 2023
Summary Balance of Payments as per BPM6 – June 2023 4. Summary_BOP_BPM6 Exports and Imports of Goods & Services 5. Goods & Services
Customs Enforcement Karachi’s crack down on smuggling collects record revenue
KARACHI: The Customs Enforcement Karachi has delivered a remarkable performance in the anti-smuggling drive during the last two months of the fiscal year 2023, seizing goods worth Rs1.524 billion and…
Sensitive agencies join probe into solar panel imports scam
KARACHI: Sources have revealed that sensitive agencies have joined the probe into the massive money laundering scam involving solar panel imports. The agencies have approached Customs authorities and sought all…
Pakistan Posts Current Account Surplus of USD 255mn in May’23
KARACHI: Pakistan posted a Current Account surplus of USD 255mn for the month of May’23 compared to a deficit of USD 1,506mn during May’22. This is the third consecutive monthly…
MCC Appraisement East engages Advocate Khalid Mahmood in the case of fraudulent import of electric buses by M/S CAUSIS Mass Transit
Pakistan’s MCC Appraisement East has engaged the services of Advocate Khalid Mahmood to scrutinize the import of 50 units of electric buses by M/S CAUSIS Mass Transit (Pak), which sought…
NATIONAL FOODS LIMITED AND LUCKY CORE INDUSTRIES LIMITED IN COLLABORATION FOR TOMATO SEED DEVELOPMENT AND RESEARCH
Karachi: Two leading organizations, National Foods Limited and Lucky Core Industries Limited, signed a Memorandum of Understanding (MoU) on 27th April to collaborate on tomato seed development and research. The…
SHC issues detailed judgment in petitions by Hascol Petroleum & others
KARACHI: A custom appellate bench of High Court of Sindh issued a detailed judgment in petitions pertaining to levy of regulatory duty on “Motor Spirit”. The Petitioners in all these…
Balance of Payments (BOP) Data March 2023
Exports and Imports of Goods & Services (Million US $ ) Goods & Services Summary Balance of Payments as per BPM6 – March 2023 Summary_BOP_BPM6
PAAPAM asks Dar to ease auto industry imports to save Auto & Auto Parts Industries from total closure
The Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has sent an SOS to Federal Finance Minister Ishaq Dar, appealing to him for removal of imports of auto/auto parts…
I&I Quetta seizes smuggled goods worth Rs100 million
QUETTA: In continuation with FBR’s policy of crackdown against the smuggling and based on the specific directions of the DG Customs Intelligence Mr. Faiz Ahmed Chadhar and under the supervision…
Pakistan tea imports decline 46% in February
KARACHI: Pakistan’s overall tea imports dropped 46% per cent to $28.19 million in February 2023 compared with imports of 49.19 million in January 2023. Black tea imports in February stood…
I&I Karachi seizes smuggled goods worth Rs54 million
KARACHI: The anti-smuggling team of Customs Intelligence, Karachi has seized smuggled betel nuts and other goods worth more than Rs54 million. Information was passed through Director Saquif Saeed to Additional…
Pakistan Single Window (PSW) imposes fee of upto Rs1,000 and every GD
KARACHI: In compliance of SRO 1292 (I)/2021 issued by the Federal Government, a fee ranging Rs500 to Rs1,000 shall be charged on every Goods Declaration of Import (HC) and Export…
Customs Enforcement Quetta seizes smuggled goods worth Rs60 million
QUETTA: Customs Enforcement Quetta has recovered huge quantity of smuggled goods worth Rs60 million as the Customs authorities have further tightened the grip against smugglers. Given the shortage of dollars…
Special Custom Court grants bail before arrest to accused in Red Phosphorus case
KARACHI: Special Judge, Custom, Taxation & Anti-Smuggling Court Muhammad Saad Qureshi admitted an accused Imran S/o Abdul Hakeem to pre-arrest bail against a solvent surety of Rupees 100,000. The accused…
FTO dismisses petition of Haji Abdul Razaq in specialized construction vehicles case
KARACHI: The Federal Tax Ombudsman (FTO) Asif Mehmood Jah has dismissed the Review Petition (RP) filed by Haji Abdul Razaq, C/O M/s Ihsan Ullah & Ahsan Ullah Construction Company. FTO…