Pakistan Customs, Shipping & Business News Resource
KARACHI: Federal Board of Revenue (FBR) had tasked Directorate of PCA South to carry out sector-based audit of solar penal importers to check twin aspects of over-invoicing and trade based…
Trade based money laundering takes advantage of the complexity of trade systems, the involvement of multiple parties and jurisdictions make risk management processes more difficult. The Web Based Customs Clearing…
KARACHI: Post Clearance Audit (PCA) South has established a landmark case involving Rs859.98 million against M/s Hussain Enterprises involving fiscal fraud, tax evasion, money laundering and illicit financial flows. Information…
KARACHI: Directorate General of IPR Enforcement is the Anti-counterfeiting department of Pakistan Customs Service which combats the menace of import and export of counterfeits across the country’s borders. Under SRO…
QUETTA: Customs Enforcement Quetta seized Narcotics worth Rs 352.7 million. Information was passed e Collector Khalid Husain Jamali to Additional Collector Moin Afzal regarding movement of narcotics. Assistant Collector Shafi…
KARACHI: The Islamabad High Court has quashed the FIR 04/2021 against Altaf Ahmed Gondal in the money laundering case. The case was lodged by Directorate of Customs Intelligence and Investigation.…
PAKISTAN CUSTOMS NATIONAL TARGETING CENTRE (NTC) A NATIONAL SINGLE WINDOW FOR ENFORCEMENT FOR ALL LEAs Customs administrations throughout the world have undergone tremendous reforms to match the changing demands…
Governor State Bank of Pakistan, Dr. Reza Baqir, chaired a meeting today with Director General FIA Sanaullah Abbasi to strengthen and coordinate efforts of SBP, banks and Federal Investigation Agency…
KARACHI: Director General Customs Intelligence –FBR Abdul Rasheed Shaikh has approached Inspector General Sindh notifying him about the misuse of authority and patronizing of a habitual offender to malign the…
KARACHI: Court has issued non-bailable arrest warrants of Haris Shakeel, his wife Samreen Haris and father Muhammad Shakeel. Court also expressed dismay over the failure of Police in arresting the…
KARACHI: The importer companies Hassan Steels, Steel Vision, Royal Impex, Zubair Steel, Cosmos Trading and Balochistan Engineering Works face prosecution on allegations of smuggling, money laundering etc. The Directorate General…
KARACHI: Pakistan has not been able to completely overcome money laundering, which is hampering country’s exclusion from FATF’s grey list. Trade mis-invoicing is illegal and occurs when traders. under-invoice or…
KARACHI: The customs Post Clearance Audit (PCA) department was restrained from taking any adverse action against petitioner company Viper Technology (Pvt) Ltd on allegation of money laundering. Zain Jatoi advocate…
KARACHI: The Directorate of Post Clearance Audit (PCA) has forwarded around 40 more cases to Customs Intelligence and Investigation (I&I) of under-invoicing related money-laundering and fiscal fraud. PCA initiated scrutiny…
KARACHI: The Directorate of Post Clearance Audit (PCA) has initiated scrutiny and analysis of last five year data comprising FIRs lodged for under-invoicing, mis-declaration and over-invoicing, Order-in-Originals and Contravention Reports…
KARACHI: Ten constitutional petitions filed by dozens of importers against post clearance audit objections and subsequent probable proceedings were disposed of by a customs appellate bench of High Court of…
KARACHI: Customs Intelligence and Investigation has prepared a reference of money laundering and investment in benami assets against M/s Megaplus Pakistan and it’s CEO Asim Bukhari, which would be submitted…
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: A customs appellate bench of High Court of Sindh (SHC) has asked the Adjudication Collectorate, Pakistan Customs to ensure compliance of its order dated 24-12-2019. The bench heard Zain…
KARACHI: The Directorate of Intelligence and Investigations (DIT) has pointed out serious flaws in the “Adjudication Proceedings” in cases pertaining to import of steel products. The mega scam involves over…