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Tag Archives: Islamabad Region

KP shrugs off PTI chief’s civil disobedience call

PESHAWAR: The people of Khyber Pakhtunkhwa (KP) are giving a deaf ear to PTI chief Imran Khan’s call for civil disobedience by filing tax returns, official sources said. “They are paying all kind of outstanding dues with regard to sales tax and federal excise duty,” they said. Despite PTI government in the province, as many as 700 registered tax payers, ... Read More »

Dar Okays Rs 400m for evacuation of Pakistanis from Libya

ISLAMABAD: Finance Minister Muhammad Ishaq Dar has said that the government is duty-bound to evacuate stranded Pakistanis from Libya. Chairing a meeting for the provision of funds for immediate evacuation of stranded Pakistanis from Libya, Dar said that a local airline had agreed to evacuate each individual for $1,000. “This seems to be the only available option under the present ... Read More »

Imran, Qadri sit-ins: Women’s chamber for early end to political crisis

ISLAMABAD: The Islamabad Women Chamber of Commerce and Industry (IWCCI) has called for early resolution of the prevailing political crisis through meaningful dialogue between the government, Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek (PAT). The IWCCI also termed the ongoing sit-ins in capital in the name of Azadi and Inqilab marches against the national interests and tantamount to destabilising the ... Read More »

Customs Healthcare Society distributes Rs 500m relief goods among IDPs

PESHAWAR: The Customs Healthcare Society (CHS) distributed relief goods including food items worth Rs 500 million among the internally displaced people (IDPs) of North Waziristan Agency. Dr Asif Mahmood Jah, Customs Collector Peshawar and President of the Customs Healthcare Society, told Customs Today that the society would not let the IDPs in the lurch in their hour of need. The ... Read More »

PTI, PAT sit-ins causing Rs 150b per day loss to economy

ISLAMABAD: The ongoing long marches and sit-ins have been causing financial losses to the tune of Rs 150 billion, on daily basis, to national economy besides rendering a large number of daily-wagers jobless. According to Trade Development Authority Pakistan (TDAP) Chief Executive SM Munir, Azadi march of Tehreek-e-Insaf and Inqilab march of Pakistan Awami Tehreek (PAT) were adversely affecting the ... Read More »

ANF seizes 30kg drugs, nabs six peddlers

ISLAMABAD: The Anti-Narcotics Force (ANF) has seized 24.68 kilogramme of heroin, 5,750 psychotropic tablets and 2.20 kilogramme of charas and arrested six drug smugglers along with three vehicles. According to ANF, the force captured the drugs and nailed the peddlers in five operations carried out in Multan, Kohat, Peshawar and Karachi. As per details, the Peshawar ANF team intercepted a ... Read More »

Political impasses causing great loss to economy: Dastgir

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan said that the on-going sit-ins and uncertain situation prevailed in the country were causing loss of billions of rupees to the national economy. “The country’s economy cannot withstand further with the prevailing uncertainty as people from all walks of life are extremely upset due to the political impasses”, the minister. He said ... Read More »

Dar likely to speak on state of economy in Senate today

ISLAMABAD: Finance Minister Ishaq Dar is likely to present two important economic reports to the Upper House of Parliament here on Friday (today). Sources privy to the development, told Customs Today that the finance minister was likely to submit the third quarterly report for year 2013- 2014 of the Central Board of Directors of State Bank of Pakistan on the ... Read More »

Pakistan earns $68m from mango export

ISLAMABAD: Pakistan earned over $68 million from the export of mangoes during the last two years. According to statistics of the Commerce Ministry available with Customs Today, Pakistani mango exports reached $37.765 million in 2013, showing an increase of around $7 million. Similarly, in financial year 2012, $30.818 million worth mangoes was exported. The MoC statistics revealed that the quantity ... Read More »

ANF seizes 62 tonne chemical, arrests 16

ISLAMABAD: The Anti-Narcotics Force (ANF) seizes 62.4 tonne of illegal chemical and 127 kilogramme drugs, arresting 16 smugglers in eight raids throughout the country. The ANF official confirmed with Customs Today that eight raids were conducted in Islamabad, Rawalpindi, Kasur, Lahore, Gilgit, Peshawar and Karachi, in which ANF recovered 50,400 kilogramme sulfuric acid, 12 tonne hydro choleric acid, 17 kilogramme ... Read More »

ANF seizes drugs worth Rs 9.11b in countrywide raids

ISLAMABAD: The Anti-Narcotics Force (ANF) recovered 5.4 tonne of drugs worth more than Rs 9.11billion in 14 raids throughout the country. The force also claimed to have arrested 10 drug peddlers and seized two vehicles. According to the ANF sources, the seized drugs include 4,558 kilogramme of opium, 812 kilogramme of morphine, 28.2 kilogramme of charas, 4.58 kilogramme of heroin ... Read More »

Petroleum Ministry hopeful of LNG import by year-end

ISLAMABAD: The Ministry of Petroleum and Natural Resources is hopeful that the import of Liquefied Natural Gas (LNG) is likely to start by the end of this year to offset the fast depleting natural gas reserves in the country. According to an official of the ministry, the LNG will be imported through a transparent process and at competitive prices. He ... Read More »

MFN status to India: Govt gears up for protecting local industry

ISLAMABAD: The Ministry of Commerce has sought suggestions from the National Tariff Commission (NTC) to safeguard measures, tariff and para tariffs, duties and subsidies, where deem necessary, in connection with granting most favourite nation (MFN) status to India. “A mechanism is being developed wherein the textile and pharmaceutics sectors will have an informal advisory role at NTC with the objective ... Read More »

Taxes non-payment: Traders dub Imran politically immature

ISLAMABAD: Rejecting the call for civil disobedience, various trade bodies have described Pakistan Tehreek-e-Insaf (PTI) Chairman Imran Khan’s call for non-payment of taxes and duties as unjustified and illegal. Talking to Customs Today, the office bearers of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Rawalpindi Chamber of Commerce and Industry (RCCI) opined that Khan’s call was ... Read More »

Slow import, export narrow down trade deficit in July

ISLAMABAD: The slump in exports and import narrowed down the country’s trade deficit by 16.58 per cent during the first month of the ongoing fiscal year (2014-15). According to trade figures released by Pakistan Bureau of Statistics (PBS), imports decreased by 11.80 percent in July 2014, as compared to the imports in the corresponding month last year. The imports into ... Read More »

Taxpayers, citizens unfazed by Imran’s call for disobedience

ISLAMABAD: The taxpayers across the country paid no heed to Pakistan Tehreek-e-Insaf (PTI) Chief Imran Khan’s call for disobedience and non-payment of taxes as they contributed more than Rs 7 billion to the national exchequer under the heads of General Sale Tax, Central Excise Duty, Custom Duty and Withholding Tax, informed sources in the Federal Board of Revenue (FBR). The ... Read More »

Imran Khan gets flak over ‘don’t pay taxes’ call

ISLAMABAD: PTI Chairman Imran Khan’s call for civil disobedience and non-payment of taxes drew stiff opposition from business community, industrialists and chambers of commerce. They described Imran’s political approach as negative and questioned the logic behind his call for non-payment of taxes and utility bills. As per details, the Lahore Chamber of Commerce and Industry (LCCI) rejected the call for ... Read More »

Dar terms Imran’s civil disobedience call unlawful

ISLAMABAD: Finance Minister Ishaq Dar has termed Pakistan Tehreek-e-Insaf (PTI) chief Imran Khan’s call of civil disobedience movement unlawful and unconstitutional. Talking to a private TV channel, he urged the PTI chief to review his decision in the interest of the country. He said that for the past one week the stock exchange had suffered a loss of Rs 350 ... Read More »

Tuesday August 19 -Monday August 25, 2014

Customs Today News Paper

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IMF tranche likely next month as 4th review concludes

ISLAMABAD: With two more waivers for non-compliance, the government and the International Monetary Fund (IMF) are reported to have completed 4th review of $6.8 billion bailout package, paving the way for disbursement of a $550 million tranche to Pakistan likely early next month. Finance Minister Ishaq Dar reached Dubai on Sunday where concluded talks with the IMF mission to Pakistan ... Read More »