Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In a significant move to curb the misuse of the Export Facilitation Scheme (EFS), authorities have launched a large-scale crackdown, resulting in the arrest of several individuals and the…
In a significant move to protect the national treasury, Karachi’s Customs Intelligence has initiated a comprehensive crackdown on the misuse of tax exemptions granted for black tea imports intended for…
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: The Post-Clearance Audit (PCA) South Directorate has conducted a comprehensive sectoral audit targeting the implementation of Statutory Regulatory Order (SRO) 492, which allows importers to claim exemptions on duties…
Hyderabad: A fatal car accident near Hyderabad on revealed the misuse of an official vehicle by Deputy Collector Enforcement Hyderabad Amjad Lal. Two persons died and one was critically injured…
KARACHI: The Federal Board of Revenue (FBR) of Pakistan has announced that Afghan transit goods that arrived at Pakistani ports between October 3 and November 16, 2023 will not be…
KARACHI: Chief Collector South Ashad Jawad has commissioned an exercise to check the misuse of Electronic Import Form (EIF) and the mis-declaration of PCT code thereof of the imported consignments.…
KARACHI: The Federal Tax Ombudsman (FTO) has concluded an inspection under Section 17 of FTO Ordinance, 2000 and recommended a way for the Federal Board of Revenue (FBR) to recover…
KARACHI: Post Clearance Audit (PCA) Karachi has detected gross misuse of Green Channel facility by certain importers causing significant revenue loss to the national exchequer, and clearing banned goods. On…
KARACHI: Directorate General of Customs Intelligence & Investigation has entrusted Principal Appraiser Dost Muhammad to investigate and pursue KEPZ cases at relevant legal fora. It may be mentioned here Principal…
KARACHI: Sharjeel Jamal of M/s UTrade Logistics has highlighted loss of government revenue to the tune of one billion rupees through the misuse of SRO 492(I)/2011 in connivance with the…
ISLAMABAD, February 11: In an attempt to improve the standards of transparency and to prevent misuse of corporate entities for money laundering, the Securities and Exchange Commission of Pakistan (SECP)…
KARACHI: The Board of Export Processing Zone Authority (EPZA) has requested the Federal Board of Revenue (FBR) to thoroughly investigate the issue of smuggling and mis-declaration by the used/worn clothing…
KARACHI: Directorate General Customs Intelligence & Investigation has submitted its report to the Federal Board of Revenue (FBR) confirming large scale misuse of Green Channel facility, which resulted in a…
KARACHI: The appraising officers and assessment staff in south region have initiated an informal campaign and compiling evidence pertaining to the gross misuse of green channel facility, as the Chief…
KARACHI: Federal Investigation Agency (FIA) – Anti-corruption-circle – has initiated an inquiry regarding misuse of concessionary SRO 1125(I)/2011 and approached Chief Collector Appraisement South seeking complete record of imports on…
KARACHI: Commissioner Regional Tax Office-III, Karachi has taken notice of misuse of SRO 1125(I)/2011 by fake importers and manufacturers. The investigation and prosecution branch of RTO-III is conducting investigation against…
KARACHI: Collector Appraisement West Shahnaz Maqbool has approached Federal Board of Revenue (FBR) seeking clarifications pertaining to various provisions of SRO 1125(I)/2011, as the confusion created by over a dozen…
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed will hear a constitutional petition filed by Khurram Iqbal of Khurram…