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Tag Archives: Finance Ministry

Dubai customs gears up for Umrah returnees at DIA

DUBAI: The Dubai Customs has completed arrangements at the Dubai International Airport (DIA) for the arrival of the UAE residents who were returning from Saudi Arabia after performing Umrah during the last 10 days of holy month of Ramadan. The Dubai Customs commenced a series of actions to ease the entry of travelers to the DIA’s three terminals and Al ... Read More »

MCC Sialkot’s efforts increase exports 17.1%: Qurban Ali

SIALKOT: Collector of Customs Sialkot Qurban Ali Khan while talking to Customs Today said that exports from Sialkot region has increased about 17.1 percent during FY 2013-14 due to provision of advance facilities and rapid clearance of consignments by Model Customs Collectorate. He said that volume of exports from Sialkot Dry Port Trust (SDPT) and Sialkot International Airport has increased ... Read More »

Senate seeks FIA to report on tax evasion in oil import

ISLAMABAD:Senate Standing Committee on Planning and Development has asked Director General Federal Investigation Agency to submit a report on adulterated oil import and tax evasion during those imports. Federal Investigation Authority (FIA) likely to be given charge of examination of adulterated oil and of investigations in possible tax evasion by oil importers. As per details, Director General FIA would brief ... Read More »

FBR, PTA to keep record of imported mobiles

ISLAMABAD: Federal Board of Revenue has decided to take necessary steps as per the instructions of honourable Supreme Court in its verdict about illegal import of mobile phones and their use in terrorism activities. As per details, FBR with collaboration of Pakistan Tele-communication Authority (PTA) has decided start to maintain a record of every single mobile phone imported to Pakistan. ... Read More »

Committee formed to probe allegations against appraising officer

KARACHI: The Appraising Officials Association of Pakistan Customs in its meeting at customs house has decided to form a committee in order to probe the real aspects behind registering an FIR against an appraising officer by the Directorate General of Customs Intelligence and Investigation I&I. According to details, a committee comprising Shaheen Farooqui, Javed Akhtar, Mir Mansoor, Dost Muhammad and ... Read More »

Customs seizes 39 tons of iron sheets worth Rs5m

LAHORE: Customs anti-smuggling unit seized 39 tons of iron sheets worth Rs 5 million in a raid near Multan Road. A Source informed Customs Today that the iron sheet was being sold in local market when anti-smuggling unit caught the culprits as iron sheet were smuggled without paying Rs 3 million duty. Moreover, he added that iron sheets were coming ... Read More »

Advance tax on air tickets: Foreign missions get exemption

ISLAMABAD – The Federal Board of Revenue (FBR) has exempted foreign diplomats/ missions in Pakistan from advance income tax on the purchase of air tickets, a budgetary measure introduced through Finance Bill 2014-15. Acting Federal Board of Revenue Chairman Shahid Hussain Asad confirmed that the foreign diplomats and diplomatic missions were exempted from the advance income tax on the purchase ... Read More »

Efforts, claims to broaden tax net fail to produce

ISLAMABAD: The government, despite tall claims, failed to broaden tax base by bringing in wealthy non-taxpayers into the tax net as only 14 percent of the people have filed returns out of total notices issued during last financial year 2013-14. The government had planned roping in 100,000 wealthy non-taxpayers into tax net every year over the next five years. The ... Read More »

Chief Collector Nazim Saleem to hold meetings at Quetta today

KARACHI: Chief Collector Enforcement-South Muhammad Nazim Saleem left for Quetta for holding meetings with officers of Quetta Collectorate. As per details, the Chief Collector Enforcement-South will also visit the check-posts of Pakistan Customs established at the entry and exit points of the Quetta city. A source from FBR told Customs Today that the Chief Collector Enforcement-South will hold meetings regarding ... Read More »

SHC issues stay order against demotion of 39 TCP officials

KARACHI: The Sindh High Court (SHC) has issued stay order against the demotion of 10 officers and 29 employees of Trading Corporation of Pakistan (TCP) here on the other day. The TCP sources informed Customs Today that those 39 TCP’s officials were demoted by the illegally formed TCP board of directors. The sources further said that the Sindh High Court ... Read More »

Appraisers Association of MCC Appraisement-West meeting today

KARACHI: The Appraisers’ Association of Model Customs Collectorate of Appraisement-West has decided to hold a meeting today, regarding the issue pertaining to register FIRs against eight appraisers of Group-I and Group-IV in their alleged involvement in malpractices and using unfair means in clearing the consignments. The sources in MCC-Appraisement-West on condition of anonymity informed Customs Today that the appraisers association ... Read More »

Multan customs registers 129 cases in FY 2013-14

MULTAN: Multan Customs Intelligence and Investigation (I&I) has registered 129 seizure and revenue cases from July 2013 to July 2014. As per details, Customs I&I has registered five cases of vehicle seizure worth Rs 4.2 million, seven cases of miscellaneous goods worth Rs 226.83 million in July. According to a report from Multan Customs, June was the month in which ... Read More »

Missing documents: Customs holds liquor of Aussie High Commissioner

ISLAMABAD: Islamabad Dry Port Assistant Collector has refused to clear a container of liquors imported for Australian High Commissioner, held on incomplete documents. As per details, Australian High Commission has imported liquors for its High Commissioner through Islamabad dry port but on examination customs found that documents necessary for duty free import were not complete. The Ambassadors have privileged to ... Read More »

TCS smuggling scandal: Court extends bail of Hamdani, Shakirullah

ISLAMABAD: Customs court has extended anticipatory bail granted to TCS Chief Executive Saqib Hamdani and Smart Zone Company’s owner Shakirullah till August 6th. Both were accused of allegedly involved in smuggling of contrabands undercover of Afghan transit trade. On the other hand, Customs Intelligence Deputy Director Shahid Jan has decided to broadened investigation circle to other workers of The Courier ... Read More »

Multan Customs I&I seizes smuggled cloth

MULTAN: Multan Customs Intelligence and Investigation (I&I) has seized two trucks loaded with imported cloth near Khanewal toll plaza here on the other day. As per details, Haji Sadiq Achakzai was attempting to smuggle two trucks loaded with imported cloths. Additional Director Customs I&I Nisar Ahmad on tip of informer has taken action and with his special team members Sheikh ... Read More »

DTRE scheme: Customs to recover millions from Lucky Cement

KARACHI: The Federal Board of Revenue (FBR) has asked Pakistan Customs to recover tax worth millions of rupees from M/s Lucky Cement Limited as company found guilty of tax evasion in duty and tax remission for exports (DTRE) research report. The sources informed Customs Today that the FBR authorities during the DTRE research study had observed that facility granted to ... Read More »

FBR starts tax collection on property transfer

SIALKOT: Federal Board of Revenue (FBR) have started collection of withholding tax on the transfer of the property of Rs.3 million or above in all all six districts Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and of Gujranwala region. A officials told Customs Today that the FBR had already asked the Punjab government to ensure the collection of withholding tax ... Read More »

Dar keen to bring down potato prices

ISLAMABAD: Finance Minister Senator Ishaq Dar has said that the government has taken all-out steps including allowed duty free import of potatoes to reduce its price in the country. During a briefing the Ministry of National Food Security, the finance minister was informed that the hoarders, speculators and middlemen were involved in artificially manipulation of prices of potato. It was ... Read More »

Customs Lower Employees warn of protest after Eid

KARACHI: The Pakistan Customs Lower Employees Association has decided to stage protest demonstration after Eid-ul-Fitr for the fulfillment of their legal demands. According to the details, General Secretary Aftab Hussain Shah Hamdani informed Customs Today that the lower employees association with the consent of all its members has decided to stage protest after Eid. The demands of Pakistan Customs Lower ... Read More »

Dastgir calls on Bhutan’s Minister for economic affairs

ISLAMABAD: Minister of Commerce, Engineer Khurram Dastgir Khan called on Economic Affairs Minister of Kingdom of Bhutan Lyonpo Norbu Wangchuk, on the sidelines of the 8th South Asian Free Trade Agreement (SAFTA) ministerial council meeting in Thimphu. In the meeting, two Ministers insisted on deepening the good relations that the two countries already enjoyed. They also discussed on enhancing present ... Read More »