Pakistan Customs, Tax, Shipping & Business News Resource
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…
KARACHI: Inland Revenue Intelligence and Investigation has launched a crackdown against individuals and entities who have been smurfing the ill-gotten money in offshore tax havens. Information was received from multiple…
KARACHI: A notice of auction served upon Hikmat Traders, petitioner in petition 6155 of 2019 before High Court of Sindh, was stayed here on Monday by a custom appellate bench…
KARACHI: A customs appellate bench of High Court of Sindh restrained the custom officials from taking any coercive action against petitioner company Home Services without proper adjudication and affording an…
KARACHI: Director General Customs Intelligence and Investigation Zahid Khokhar has advised Special Investigation Unit (SIU) to expedite investigations into the steel smuggling to KEPZ case and advised SIU to make…
KARACHI: The Financial Monitoring Unit (FMU) of the State Bank of Pakistan (SBP) has reported Barketullah s/o Karimdad to Directorate of Inland Revenue Intelligence & Investigation for possible tax evasion,…
KARACHI: Superintendent SIU Dost Muhammad has sought sufficient security to conduct joint examination of certain consignments at KEPZ, imported by a cartel involved in smuggling and money laundering. In a…
KARACHI: Money laundering is a menace and source of bad publicity and economic cost; therefore the government of Pakistan has proposed a completely new regime to curb the practice of…
KARACHI: The newly formed Directorate of Customs Intelligence & Investigation Hyderabad is continuing the anti-smuggling campaign and made 60 cases seizing goods worth Rs147.9 million in the third quarter of…
The European Commission (EC) has adopted the list of 23 countries, including Pakistan, with strategic deficiencies in their anti-money laundering and counter-terror financing frameworks. “Today, the commission adopted its new…
ISLAMABAD: Finance Minister Asad Umar chaired a meeting of the National Executive Committee (NEC) on Tuesday to review the progress on FATF Action Plan. National Counter Terrorism Authority (NACTA) made…
KARACHI: Pakistan Stock Exchange (PSX) has advised all Trading Rights Entitlement Certificate (TREC) holders (brokers) update details including valid computerized national identity card (CNIC) of their clients, as Pakistan now…
KARACHI: Prime Minister Imran Khan has advised Federal Investigation Agency (FIA) to initiate an immediate crackdown throughout the country against all the operations of hundi/hawala (illegal modes of money transfer).…
KARACHI: Special Assistant to the Prime Minister on Accountability Shahzad Akbar said that they had received details from 10 countries of money laundering worth Rs700 billion and references in this…
KARACHI: The Ministry of Finance has imposed a foreign travel embargo on Director General Customs Intelligence & Investigation, Shaukat Ali as the officer is facing multiple inquiries and investigations, sources…
KARACHI: Pakistan Customs is all set to implement electronic origin data exchange under China-Pakistan free trade agreement (FTA), which would enable real time recording of trade between the two countries…
KARACHI: MCC Appraisement West has detected large scale money laundering through gross over invoicing of solar PV panels imported from China, and advocated concerted efforts involving State Bank of Pakistan…
KARACHI: Chinese authorities have temporarily confiscated the passport of a known shoe importer for illegally transferring foreign exchange out of Pakistan to China through grossly over-invoicing the imports. Sources said…
KARACHI: Inland Revenue Intelligence & Investigation (I&I) has initiated a crackdown against individuals including property traders, importers, school owners and cloth designers who have been fraudulently concealing their income to…
KARACHI: There was a worse traffic jam at a signal in down town Karachi with a lone traffic police cop and few volunteers trying to make way. Like other people…