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IHC term ATIR decision as ‘non-speaking order’

ISLAMABAD: A division bench of the Islamabad High Court (IHC) on Monday termed the decision of the Appellate Tribunal Inland Revenue (ATIR) against Telenor Pakistan a ‘non-speaking order’. The division bench, comprising Justice Noor-ul-Haq N Qureshi and Justice Aamer Farooq, was hearing a petition, challenging the decision of the ATIR against the telecom company. Telenor Pakistan had filed the petition ... Read More »

Deputy Collector Zakir Mohammad to ensure resolution of issues at Peshawar Dry Port

PESHAWAR:  The newly-appointed Deputy Collectors Peshawar Dry Port Zakir Mohammad has assured customs agents association and business community to resolve their problems and remove their reservations regarding parking of re-conditioned vehicles at the dry port. Talking to a delegation led by vice chairman, Customs Agents Association, the deputy collectors said that customs agents and business community is playing active role in ... Read More »

Pakistan Coast Guards arrest 77 for leaving country without documents

KARACHI: The Pakistan Coast Guards (PCG) have apprehended 77 people for trying to cross water borders of the country without having valid travel documents. According to coast guards spokesperson Major Zafar Ahmed, 77 people, including 10 Afghan nationals and 67 Pakistani were arrested during spot checking at Palari and Shahjahan check posts near Gwadar. These individuals were proceeding to Iran without any valid ... Read More »

IHC adjourns revenue officials’ cases till Nov.12

ISLAMABAD: Islamabad High Court (IHC) divisional bench adjourned hearings, till November 12, of two cases appraising tax authorities. One of the cases was filed by commissioner income tax against hi-tech plastic, while the other petition was filed by Pakistan Oil Field against Excise and Sales Tax officers. IHC division bench comprised of Justice Athar Minallah and Justice Shuakat Aziz Siddiqui ... Read More »

Peshawar Customs recovers 1,600 iPhones worth Rs 50 million

ISLAMABAD: The Model Customs Collectorate Peshawar has recovered 1,600 iPhones and smart phones worth Rs 50 million and arrested three accused persons on the spot. Sources told Customs Today that an information was received by Collector Customs, Model Customs Collectorate (MCC-Peshawar) Qurban Ali Khan about a bid to smuggle the latest models of phones. Sources added that as the smuggler passenger came ... Read More »

FIA arrests human trafficker from Lahore

LAHORE: The Federal Investigation Agency (FIA) has claimed to have arrested a suspect who is involved in sending people abroad illegally. According to the FIA officials, the suspect has been identified as Riaz Ahmad. The FIA arrested Riaz Ahmad on the complaint of a citizen who alleged that the accused was minting millions of rupees from different people on the fake promise ... Read More »

Brazil ready to help Pakistan in energy, agriculture sectors‏

ISLAMABAD: Brazil is the 7th largest economy of the world with lot of experience and expertise in various fields and it was ready to cooperate with Pakistan in overcoming its problems in energy, agriculture and other sectors, observed Claudio Raja Gabaglia Lins, ambassador of Brazil while addressing business community at Islamabad Chamber of Commerce and Industry. He said Brazil has ... Read More »

Sindh Revenue Board suspends registration of Shafaq Enterprises

KARACHI: The Sindh Revenue Board (SRB) has suspended the sales tax registration of M/s. Shafaq Enterprises as the company is involved in tax evasion. Sources told Customs Today that the company failed to deposit Rs 1.3 million in the national kitty as sales tax payable amount from May  2014. Sources said that many reminders were sent to the company but the ... Read More »

Only 9,000 submit tax returns in Sialkot, Gujranwala until October 31

SIALKOT: The Federal Board of Revenue (FBR) has miserably failed to lure the taxpayers, as the number of the annual tax returns depositors has declined to a great extant in both Sialkot and Gujranwala despite the two-month long extension in the deadline given for submission of the annual tax returns by the FBR. On another note, the taxpayers were of the ... Read More »

Faisalabad Customs seizes crinkle cloth

FAISALABAD: The Faisalabad Customs intelligence and investigation has seized foreign origin crinkle cloth. The market value of the seized cloth is Rs 5,28,726 which also involves taxes and duty amounting to Rs 301,161. Sources told Customs Today, that Additional Director Customs Intelligence and Investigations Faisalabad Ms Azmat Tahira received credible information regarding smuggling of above said cloth. The Customs team ... Read More »

Customs Court to hear Ayyan’s plea for acquittal today

LAHORE:  The Special Court of Customs, Taxation and Anti-Smuggling will hear a plea filed by singer, model Ayyan Ali to acquit her from all charges. Sources told Customs Today that Special Judge of Customs Court Rana Aftab will conduct the hearing of the case. Advocate Sardar Latif Khan Khosa will complete his arguments in the Special Court who is expected ... Read More »

Court rejects bail plea of alleged tax evader

LAHORE: The Special Court of Customs Taxation and Anti-Smuggling has rejected the bail plea of a suspect  involved in income tax evasion and is in jail on judicial remand. Sources told Customs Today that an accused Fazal Hussain was allegedly involved in evasion sales tax and income tax. The Federal Board of Revenue intelligence found that Fazal made huge bank transactions but ... Read More »

Punjab govt amends PRA Act 2012 to address all issues

LAHORE: The provincial government has amended the Punjab Revenue Authority Act 2012 to validate the authority and its actions with effect from the date of the enactment of the law. Governor Punjab Raffique Rajwana has also signed the ordinance after amendment. Ordinance was challenged in Courts for many times due to various weaknesses which forced the provincial government to take ... Read More »

LCCI to prepare report on “Ease of doing business in Pakistan”

LAHORE: The Lahore Chamber of Commerce and Industry started work to prepare a report on “Ease of doing business in Pakistan”. The objective of this initiative is to identify the hurdles coming in the way of businesses and to suggest doable solutions to the government. The decision was made by the LCCI senior vice president Almas Hyder and endorsed by ... Read More »

Lebanon court charges Saudi prince over drug smuggling case

BEIRUT: Prosecutors in Lebanon have charged a Saudi prince and nine other people with drug smuggling, a week after a record seizure at Beirut’s airport. The prince was not named, but he and four other Saudis were arrested after two tonnes of Captagon pills were found in cases being loaded on a private jet. The others charged in the case ... Read More »

Customs Peshawar sells 13,450 bags of confiscated sugar to facilitate affectees of October 26

ISLAMABAD: Model Customs Collectorate (MCC) Peshawar has sold 13,450 confiscated bags of sugar to Utility Stores Corporation of Pakistan (USCP) at Chitral, Upper Dir and Shangla to facilitate the recent earthquake affectees. After the recent earth quake in Northern areas of Pakistan, Collector Customs, and MCC Peshawar Qurban Ali Khan decided to sell sugar bags to USCP at low rates ... Read More »

Iran keen to boost trade with Germany

TEHRAN: Iran’s Minister of Industry, Mine, and Trade Mohammad Reza Nematzadeh voiced the country’s willingness to promote its bilateral trade with the German Federal Republic, the southern state of Bavaria in particular. In a Monday meeting with visiting Bavarian State Ministry for Economic Affairs and Media, Energy and Technology Ilse Aigner and her accompanying delegation, Nematzadeh noted that Iran’s policies ... Read More »

Chinese Customs confiscates string players’ rosin

BEIJING: It has been reported that three string players have had their rosin confiscated when travelling to and from China in recent months. In mid-October violinist Daniel Hope said that his rosin was confiscated when departing from Shanghai Pudong International Airport, after giving a concert at Shanghai Concert Hall. Hong Kong-based cellist Trey Lee also claimed that his rosin was seized ... Read More »

Ex- president KCCI Siraj Teli appreciates campaign announced by DIG Amir Shaikh

KARACGI: Chairman businessmen group and Ex-President of the Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli and President KCCI, Younus Muhammad Bashir, has highly appreciated the campaign announced by Karachi city’s Traffic Police (CTP) Chief, DIG Amir Ahmed Shaikh against all drivers violating traffic laws specially those driving without a license. They said that Sindh government immediately announced ... Read More »

China’s Huawei smartphone shipments jump 63% in Q3

BEIJING: China’s Huawei Technologies Co Ltd said third-quarter smartphone shipments jumped 63 pct year-on-year, helped by stronger sales of higher-end handsets as it seeks to shed its image as a budget device maker and challenge Samsung Electronics Co Ltd and Apple Inc. Shenzhen-based Huawei, the world’s third-biggest smartphone supplier by volume, shipped 27.4 million smartphones globally in the quarter ended ... Read More »