Petroleum Filling Station owner, manager gets interim pre-arrest bail

KARACHI: An owner and a manager of a petroleum filling station located at Korangi Fish Harbour catering to fishing trawlers and boats were admitted to pre-arrest interim bail against a solvent surety of rupees 100,000 each and Personal Bond in the like amount. Qari Kazim Raza owner and Ghazanfar Abbas… Continue reading

Pakistan Customs surpasses target by collecting Rs444 billion in 8 months

KARACHI: Pakistan Customs has surpassed its target by collecting Rs 444 billion in first eight months of the current financial year i.e., July-February 2018-19. Target for collection of customs duty for first eight months was Rs 436 billion, 21% higher than the target for the same period of the previous… Continue reading

OGRA proposes upto Rs10/litre increase in petroleum product prices

KARACHI: Despite bearish global oil market, Oil and Gas Regulatory Authority (OGRA) has proposed an increase of upto Rs10/litre in the petroleum product prices. Pakistan’sbroke government seems reluctant to accord any relief to the masses already unsettled with rising inflation. The summary forwarded to petroleum division recommended an increase of… Continue reading

Tribunal dismisses PSO’s appeal

KARACHI: The Customs Appellate Tribunal (Bench II) comprising Adnan Ahmed Member (Judicial II) Karachi and Khalid Mahmood Member (Technical-I) Islamabad dismissed an appeal of Pakistan State Oil Company Limited (PSO) for seeking exemption from development surcharge and central excise duty under SRO 455(I)/96. The tribunal observed that supplies of POL… Continue reading