MCC Appraisement East proposes raising minimum rate of customs duty to 2.0...
KARACHI: The MCC Appraisement East has proposed that the minimum rate of Customs duty should be increased to 2.0 percent from the existing 1.0 percent on all PCT headings; besides increase in duty on...
View ArticleFIA raids medicine market selling unregistered, spurious drugs; FIR lodged
KARACHI: The Federal Investigation Agency (FIA) has seized a large quantity of unregistered and spurious drugs along with packing material and lodged an FIR against the accused involved in the...
View ArticleCorruption and money laundering: Investigations planned into the affairs of...
KARACHI: The government is planning a ‘crack down’ against bureaucrats having dual nationality, as the high-ups have received reports by sensitive agencies pertaining to the corruption and...
View ArticlePost Clearance Audit creates Rs 36.285 million demand against PSO
KARACHI: The Directorate of Post Clearance Audit (Customs) has advised the M/s Pakistan State Oil (PSO) to submit Rs36.285 million in the national exchequer as it was short paid by the state oil...
View ArticlePilferage, mis-declaration of NATO/ISAF reverse cargo; 22 containers detained...
KARACHI: The Directorate of Afghan Transit Trade (ATT) has put ‘hold’ on 22 containers of NATO/ISAF reverse cargo, which will be physically examined on Wednesday, May 20, 2015 to ascertain whether they...
View ArticleDG Transit Trade detects largest ever case of US Army reverse cargo pilferage...
KARACHI: The efforts of the Directorate General of Transit Trade have yielded results as the authorities have found solid evidence of pilferage of goods off the US Army reverse cargo and detected the...
View ArticleUS Army reverse cargo pilferage; FIR lodged drivers of 11 vehicles arrested
KARACHI: The Directorate General of Transit Trade has lodged FIR pertaining to 21 containers of US Army reverse cargo, which were emptied in the country, drivers of 11 vehicles on which these...
View ArticleInvestigations into US Army/NATO/ISAF cargo progress; sensitive agencies...
KARACHI: The investigations into the pilferage of US Army/Nato/ISAF cargo in Pakistan have unveiled astonishing as well as alarming aspects, which make it even a sensitive case. The Directorate General...
View ArticleFBR deprived of authority to issue concessionary SROs
KARACHI: Finance Minister Ishaq Dar has announced on Monday that the Federal Board of Revenue (FBR) is deprived of its authority of issuing concessionary statutory regulatory orders (SROs). Henceforth,...
View ArticleCapital gains tax increased on trade of shares
KARACHI: The Finance Minister Ishaq Dar has announced revised capital gains tax (CGT) slabs on trade of securities within two years while a new CGT slab has been introduced on securities held for more...
View ArticlePakistan Economic Review FY15: Macros in right direction
KARACHI: Pakistan macros continued to show improvement in FY15 as economic indicators including economic growth, inflation, fiscal deficit and external account showed improvement over the previous...
View ArticleIshaq Dar presents Federal Budget 2015-16 envisaging GDP growth of 5.5 percent
KARACHI: The federal cabinet on Friday approved the budget for the fiscal year 2015-16 (FY2015-16), with a total outlay of Rs4.313 trillion, which is 9.1 per cent higher than the revised 2014-15 outlay...
View ArticleField Intelligence Unit Hyderabad seizes large quantity of smuggled goods
KARACHI: The Customs Intelligence & Investigation Hyderabad has seized large quantity of smuggled cigarettes, gutka and other miscellaneous goods and detained four persons for verification....
View ArticlePilferage of NATO/ISAF/US Army cargo; ATT raids office of M/s Bilal Associates
KARACHI: The Directorate of Afghan Transit Trade (ATT) raided the office of M/s Bilal Associates in Clifton, Karachi and all the records, email history and computers were taken into possession....
View ArticleFBR notifies transfers and postings of BS-20, BS-21 officers of PCS
KARACHI: The Federal Board of Revenue (FBR) has notified transfers and postings of BS-21 and BS-20 officers of Pakistan Customs Service (PCS). According to details the BS-21 officers who have been...
View ArticleCustoms values of ress-fasteners, snap-fasteners, press-studs, and parts...
KARACHI: The Directorate General of Customs Valuation has determined the customs values of press-fasteners, snap-fasteners, press-studs, and parts vide valuation ruling No. 746/2015. A reference was...
View ArticleCabinet Division advises to enhance cyber security
KARACHI: The National Telecom & Information Technology Security Board (NTISB) of Cabinet Division has advised all secretaries of ministries and divisions of federal government and provincial...
View ArticleCustoms to release liquor consignments imported by M/s Exalo and Qatar Airways
KARACHI: Pakistan Customs has decided to release the liquor consignments imported by M/s Exalo and M/s Qatar Airways. Transparency International Pakistan has been complaining to Federal Tax Ombudsman...
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Independence Day celebrations held at Customs House
KARACHI: The Independence Day celebrations were held at old Customs House Karachi and MCC Port Qasim on August 14, 2015. Tariq Huda Collector Preventive performed the flag hoisting ceremony at...
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