Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Customs Directorate of Post Clearance Audit have filed a criminal case against a Karachi-based business, M/s Suleman Industries, for allegedly evading Rs. 218.4 million ($790,000) in taxes by falsely…
KARACHI: In a significant development, a large-scale money laundering scandal has been unearthed in the import of solar panels, revealing over-invoicing amounting to Rs69.5 billion between 2017 and 2022. The…
KARACHI: The FBR’s efforts to crack down on money laundering operations continue as the PCA South has successfully dismantled the notorious money laundering cartel that laundered a staggering Rs 106…
KARACHI: The Federal Board of Revenue (FBR) has announced the functions and jurisdiction of the Directorate General of Intelligence and Investigation (Customs), along with its regional Directorates. This notification defines…
In Pakistan, trade-based money laundering falls under the jurisdiction of Customs Intelligence and Investigation (I&I), while hawala-hundi activities are overseen by the Federal Investigation Agency (FIA), according to Gazette Notification…
Karachi: In the early hours of today, at approximately 2 AM, vigilant customs officials at Jinnah International Airport (JIAP) Karachi successfully intercepted a passenger attempting to smuggle a significant amount…
KARACHI: Customs Intelligence and Investigation Karachi has lodged two FIRs against several for committing fiscal fraud by electronically filing false and forged import documents and by re-using/mis-using the Electronic Import…
KARACHI: The Directorate of Intelligence & Investigation-Customs, Karachi has lodged a First Information Report (FIR) against 12 importers, including M/s Bahawalpur Steel Mills, for allegedly laundering money through illegal channels…
KARACHI: The Directorate of Intelligence and Investigation (I&I) Karachi has cracked down on a money laundering racket involving 20 importers who allegedly siphoned off foreign exchange through illegal channels and…
KARACHI: The High Court of Sindh has granted 7-day protective bail to Tariq Mehmood s/o Adalat Hussain starting January 19 to January 25, 2024. The Federal Investigation Agency (FIA) had…
KARACHI: The Federal Investigation Agency (FIA) has filed a First Information Report (FIR) against Tariq Mehmood, a former Senior Preventive Superintendent (SPS) of the Customs Department, for allegedly laundering money…
The Central Vigilance Wing of the Federal Board of Revenue (FBR) has detected a massive scale of money laundering and tax fraud involving four private limited companies that were registered…
Karachi: The Directorate of Intelligence & Investigations-Customs, Karachi has lodged a First Information Report (FIR) against 12 importers and their agents for allegedly laundering money through illegal channels and evading…
KARACHI: In consonance with the Federal government’s initiative to curb activities falling under grey spectrum like smuggling of goods and under-invoicing/mis-declaration in imports and Money Laundering, the Directorate of Intelligence…
KARACHI: The Senate Committee on Finance led by Saleem Mandviwala grilled the State Bank of Pakistan (SBP) and commercial banks over their role in a massive solar panel scam involving…
KARACHI: Customs Special Court in Karachi dismisses Bail Over Solar Panel Money Laundering Scam in one case while grants hearing opportunity in the other case. In a significant legal development,…
KARACHI: I&I Karachi has lodged an FIR against Anam Ullah of M/s Ehsan Importer & Exporter for committing fiscal fraud by electronically filing false and forged import documents and by…
KARACHI: Federal Board of Revenue (FBR) has detected a massive case of over-invoicing and transfer of illicit funds that shook the financial landscape of the country. FBR had lodged FIR…
KARACHI: The Customs Intelligence and Investigation (I&I) Karachi has lodged an FIR against a Karachi-based importer for committing fiscal fraud by electronically filing false and forged import documents and by…
KARACHI: Customs Intelligence and Investigation Karachi (I&I Karachi) has lodged an FIR against Farhan Raiq of M/s S.N International for fiscal fraud by electronically filing false and forged import documents…
