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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Quetta Customs, FC seize 43 tons of poppy seed worth Rs44.5m near Nushki

QUETTA: Collectorate of Customs Preventive with the assistant of FC has seized 43 tons of poppy seed along with other smuggled goods at Nushki. The value of the seized goods comes to Rs44.5 million. Sources told Customs Today that Collector Customs Enforcement and Compliance Irfan Javed received credible information about smuggling attempts. He directed Additional Collector Yasir Kalwar and Deputy ... Read More »

Gwadar Customs impounds NDP vehicles worth Rs12m

GWADAR: Collectorate of Customs during on-going crackdown on smuggled/non-custom-paid vehicles impounded seven such vehicles worth Rs12 million. Sources told Customs Today that after directions of Chief Collector Balochistan Gul Rehman to intensify the anti-smuggling drive, especially against smuggled vehicles across Balochistan, Gwadur Customs staff, led by collector Tahir Qureshi, has seized 7 NCP vehicles at various parts of coastal areas ... Read More »

SITE chief urges CM Sindh to issue notification of oversight committee

KARACHI: Abdul Hadi, President SITE Association of Industry, has said that despite approval of funds for the uplifting of infrastructure of SITE area by the Sindh Government six months ago, the work of rehabilitation of roads network and revamping of drainage system has not yet started which has worsened the state of infrastructure in SITE area. In a statement, SAI ... Read More »

Colonisation of second CPEC economic zone begins with Rs53.6bn planned investments

PESHAWAR: After the launch of China-Pakistan Economic Corridor’s first special economic zone (SEZ) in Rashakai, colonisation of the 2nd CPEC SEZ, Allama Iqbal Industrial City (AIIC)-Faisalabad, has commenced with planned investments of Rs53.6 billion. According to details, a meeting of the AIIC SEZ Committee accorded approval to 15 applications and allotted 320 acres of land to enterprises. As per the ... Read More »

Commissioner PESSI visits RCCI, announced help desk at Chamber

RAWALPINDI: Punjab Employees Social Security Institution (PESSI) Commissioner Syed Bilal Haider along with his team visited the Rawalpindi Chamber of Commerce and Industry (RCCI). Director Raza Ahmed, President Chamber Muhammad Nasir Mirza, Senior Vice President Osman Ashraf, former President Saboor Malik, executive committee members and chamber members were also present on the occasion. The Commissioner briefed the business community and ... Read More »

OGRA revises RLNG price with slight downward adjustment

ISLAMABAD: Oil and Gas Regulatory Authority (OGRA) notified the revised price of Re-gasified Liquefied Natural Gas (RLNG) on networks of the SSGC and SNGPL for the current month with a slight downward adjustment. According to a notification, the authority has fixed the price of imported RLNG at at $9.3145 per Million British Thermal Unit (MMBTU) on the system of Sui ... Read More »

Exports increase by 4.29pc in 8 months of FY21

ISLAMABAD: The exports from the country increased by 4.29 percent during the first eight months of the current fiscal year (2020-21) as compared to the corresponding period of last year, Pakistan Bureau of Statistics (PBS) reported. The exports of the country during July-February (2020-21) were recorded at $16.304 billion against the exports of $15.633 billion during July-February (2019-20), according to ... Read More »

Large number of taxpayers denied active status: PTBA

ISLAMABAD: Pakistan Tax Bar Association (PTBA) has informed the Federal Board of Revenue (FBR) that a large number of taxpayers who have file returns but their names are not on the new Active Taxpayers List (ATL), which was issued on March 01, 2021 for tax year 2020. The PTBA in a letter to FBR chairman said that there are huge ... Read More »

FBR inks accord to launch track and trace system from July 1

ISLAMABAD: Federal Board of Revenue (FBR) signed a contract with AJCL along with its lead partner Authentix Inc. USA and Mitas Corporation of South Africa to operationalize Track and Trace Solution on Tobacco, Cement, Sugar and Fertilizer Sectors. Dr. Muhammad Ashfaq Ahmed, Member (IR-Operations), FBR, Kevin McKenna, CEO, Authentix, Sten Bertelsen, from Mitas Corporation and Omer Jaffer CEO of AJCL ... Read More »

Collector Appraisement Mohsin Rafiq transfers inspectors, havaldars, sepoys

LAHORE: Collectorate of Customs Appraisement and Facilitation Collector Mohsin Rafiq has issued order for transfer and postings of following officers/officials with immediate effect and until further orders: Pervaiz Ahmad Khan, Inspector is transferred from import examination, NLC Gia Bagga Dryport to gate-in/gate-out, NLC dryport Gia Bagga (in addition to already assigned duties). Naeem Akhtar, Inspector, is transferred from import examination, ... Read More »

Aruna Hussain, Soren Skou of Maersk said to pile up misery on importers during Covid-19

KARACHI: Covid-19 came as one of the biggest challenges to human life and the world economy but it brought huge windfalls to Aruna Hussain, Soren Skou and other officials of Maersk in Pakistan, who allegedly exploited the situation to the hilt and made billions of rupees in the name of demurrage and detention charges from importers. On the other hand, ... Read More »

SHC dismisses reference application filed by Customs PMBQ against M/s Dogar Traders & Others

KARACHI: A two-member bench of the Sindh High Court (SHC), comprising Justice Muhammad Junaid Ghaffar and Justice Agha Faisal dismissed reference application filed by Collector of Customs through Ms Masooda Siraj, Advocate along with Mr Tariq Aziz, Principal Appraiser, Port Qasim against M/s Dogar Traders & another. On 4 March 2021, the Court released an order dated March 04, 2021, ... Read More »

I&I-FBR submits FIR against owners in contraband goods smuggling case

KARACHI: The Customs Court directed investigation officer of Intelligence & Investigation-FBR to complete investigation and submit progress report against owners/ partners/ associates/ financiers/ masterminds, those who are involved in first information report (FIR) for smuggling of huge quantity of contraband goods total valuing of Rs12, 767,716. On 5 March 2021, investigation officer submitted FIR and informed the court that in ... Read More »

Pakistan to chair WTO committee keen on developing conutries’ interests

ISLAMABAD: The adviser to Prime Minister Imran Khan on Commerce, Abdul Razak Dawood, announced that the country has been elected to Chair the World Trade Organization (WTO) 2021 committee on trade and development (CTD). In a tweet, the commerce advisor said the Ministry of Commerce is happy to share that Pakistan has been elected to chair the CTD this year. ... Read More »

APTMA opposes import of Indian cotton

KARACHI: The All Pakistan Textile Mills Association (APTMA) has strongly rejected the government’s plan, if any, to import cotton yarn from India. In a statement issued on Friday, Asif Inam, Chairman of APTMA Sindh and Balochistan chapters, expressed deep concern on the drastic decline in the price of fine counts of yarn by Rs10,000 per bag in the Faisalabad Yarn ... Read More »

MCB Bank pays penalties amounting Rs191.76m till December 31, 2020

KARACHI: MCB Bank has paid an amount of Rs191.76 million as penalties for various regulatory violations during the year ended December 31, 2020. According to financial results released by the bank for the year ended December 31, 2020, the bank paid the amount of Rs191.76 million to the State Bank of Pakistan (SBP) as penalties for violation of various regulations. ... Read More »

Weekly inflation goes up 0.61pc

ISLAMABAD: The Sensitive Price Indicator (SPI) based weekly inflation for the week ended on March 4, for the combined consumption group, witnessed increase of 0.61 percent as compared to the previous week. The SPI for the week under review in the above mentioned group was recorded at 147.99 points against 147.09 points registered in the previous week, according to the ... Read More »

PIA begins distributing cheques to VSS beneficiaries with Rs9.8b govt aid

KARACHI: In its Voluntary Separation Scheme (VSS) announced sometime last year, the Pakistan International Airlines (PIA) has begun releasing cheques to about two thousand employees who have signed up to this plan intended for mutual interest. The beneficiaries will receive the payments, for voluntarily relinquishing their posts, under the head of Provident Fund along with the due arrears binding on ... Read More »

MoF announces 25pc grant of disparity reduction for government employees

ISLAMABAD: The finance division has notified grant of disparity reduction allowance at 25 percent of the basic pay to the civil employees in BS-1-19 of the federal government. Sources on Friday said that the finance division had issued a notification for the approval of the Federal Government for grant of Disparity Reduction Allowance at 25percent of the basic pay of ... Read More »

KP govt begins construction of Balakot hydropower project

PESHAWAR: The Khyber Pakhtunkhwa (KP) government is all set to start construction work on the Balakot Hydropower Project, the largest hydropower project in the province, on the Kunar River in Mansehra district. According to Cheif Minister’s Advisor on Energy, Himayatullah Khan, the power project will be completed within the next seven years with the financial support of the Asian Development ... Read More »