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Letters to Editor

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

Pakistan’s new oil tanker arrives at Karachi port

KARACHI: MT Khairpur, the new oil tanker acquired by Pakistan National Shipping Company (PNSC), has reached Karachi port, bringing the number of oil cargo vessels in the company’s fleet to six, a statement said on Sunday. The PNSC said the South-Korean-made ship, known as a clean product tanker, having a capacity of 75,000 DWT (LR-1 category), was built in 2012, ... Read More »

Pak Rupee makes gain against dollar

KARACHI: The Pak Rupee made gain against dollar on Tuesday after maintaining levels for 11 consecutive days. The rupee ended at Rs141.39 to the dollar from previous day’s closing of Rs141.40 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded a high of Rs141.398 and low of ... Read More »

Petrol price likely to go up by Rs14.37 for May

ISLAMABAD: The Oil and Gas Regulatory Authority (Ogra) has recommended increasing oil prices by as much as Rs14.37 for the month of May. According to media, in a summary moved to the petroleum division on Monday, the Ogra proposed that the price of high speed diesel (HSD) be raised by Rs4.89 per liter and petrol price be hiked by Rs14.37 ... Read More »

‘Allowing Afghan Transit Trade can unleash full potential of Gwadar port’

GWADAR: Trained as a mechanical engineer from the Balochistan University of Engineering and Technology, Mir Naveed Baloch is a member of the Pakistan Engineering Council since 2003. Following his engineering education, he ventured into diversified commercial interests such as real estate; and shipping, transport & freight. Currently, he is serving his third term as the President of Gwadar Chamber of ... Read More »

FBR decides not to extend final date of sales tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) has decided not to extend the date of sales tax refund bonds from April 10. Official sources from FBR told Customs Today that the board had earlier extended the date of sales tax returns from March, 25 to April 10, 2019, in order to facilitate the taxpayers. The board has amended Section 67-A of ... Read More »

NBP & NIFT will remain open on 29th & 30th March to facilitate taxpayers

KARACHI: Federal Board of Revenue (FBR) has made special arrangements for income tax return filing. The offices of Customs Appraisement East. West and Customs Port Mohammad Bin Qasim shall remain open and observe working hours till 10 pm on 29th March, 2019 (Friday) and till 12 pm on 30th March 2019 (Saturday) for collection of duty and taxes. The FBR’s ... Read More »

Jhang ASO impounds non-duty paid Toyota Corolla car

FAISALABAD: Collectorate of Customs Anti Smuggling Organization (ASO) impounded a non-duty paid Toyota Corolla Rs8 million. Sources told Customs Today that in pursuance of information the ASO team intercepted a Toyota Corolla car bearing registration number: ABW-281 having engine capacity 1300 CC model 1998 near Qaim Bharwana Multan Road Jhang. The ASO team asked the driver of the vehicle Abdul ... Read More »

Quetta customs starts crackdown against NDP vehicles

QUETTA: Collectorate of Customs started crackdown against non-customs-paid vehicles plying in the province. According to the details, Chief Collector Dr. Zulfiqar Ali Chaudhry strictly directed Customs Preventive to take stern action against owners of the non-duty paid vehicles. Collector Preventive Iftikhar Ahmed immediately directed anti-smuggling squads to enhance checking. Assistant Collectors Akmal Durrani and Eesha Rahim were directed to root ... Read More »

Pak Rupee ends with another gain against dollar

KARACHI: The Pak Rupee gained another 29 paisas against dollar on Friday owing to positive sentiments prevailed in currency market. The rupee ended Rs138.53 to the dollar as compared with previous day’s close of Rs138.82 in interbank foreign exchange market. Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in ... Read More »

FBR promotes 17 customs officers from BS-17 to BS-18

ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted 17 officers of Pakistan Customs Service (PCS) from BS-17 to BS-18 with immediate effect. The officers who are promoted includes Syed Ittrat Hussain, Maryam Khalid, Saima Zaib Butt, Dr. Jam Muhammad Imran, Muhammad Wasif Malik, Amanat Khan, Muhammad Adnan Khan, Abdul Majeed, Mukhtar Ali Sheikh, Muhammad Faizan Badar, Sadia Usman, Choudhary ... Read More »

Multan Customs foils bid to smuggle foreign currency from MIA

MULTAN: Customs authorities deputed at Multan International Airport (MIA) foiled an attempt to smuggle foreign currency and arrested two passengers. Sources told Customs Today that Collector Ambreen Ahmad Tarar has directed Deputy Collector Saqib-ur-Rehman to tighten scrutiny at Multan International Airport to thwart any attempt of smuggling and money laundering. Multan Customs enhanced the monitoring of the passengers good to ... Read More »

Banks to remain open on Saturday, Sunday for receiving Hajj applications

KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday – Sunday) to facilitate pilgrims in depositing Hajj applications along with dues. The SBP directed 14 designated banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank, Allied Bank, Bank of Punjab, Bank Alfalah, Zarai Taraqiati Bank, Faysal ... Read More »

LHC seeks expenditure details of Saudi crown prince’s visit

LAHORE: The Lahore High Court (LHC) has sought details of expenses incurred by the federal government for Saudi Crown Prince Mohammad bin Salman’s two-day trip, according to media. The bench was hearing a miscellaneous application seeking details of the cost incurred by the state. The petition stated that the media reports suggested over Rs200 million. The government booked 300 luxury ... Read More »

LCCI Chief Almas Hyder presents set of joint proposals to finance minister

LAHORE: President of the Lahore Chamber of Commerce & Industry Almas Hyder on Wednesday presented a set of joint proposals to the Federal Finance Minister Asad Umer for the Federal Budget 2019-20 from all Chambers of Commerce & Industry. The LCCI President Almas Hyder was heading a delegation comprising of President Khanewal Chamber Khawaja Habib-ur-Rehman, President Kohat Chamber Rasheed Ahmed ... Read More »

BRINDEX-30 closed on upper side at 23,093.19 points with positive change

KARACHI: BRINDEX-30 closed on the upper side on Friday at 23,093.19 points with a positive change of 180.96 and volume of 133,267,300 shares. High and Low were 23,199.84 and 22,912.23 respectively. Of 30 companies traded, 20 were up, 10 were down and 0 was unchanged. Total volume traded in the market was 228,920,690 shares. Total companies traded were 353 of ... Read More »

Quetta Customs recovers betel nuts, spare parts & vehicle worth Rs6m

QUETTA: Collectorate of Customs Anti-Smuggling Organization (ASO) team foiled an attempt to smuggle 1.8 tons of betel nuts and new spare parts. Acting on directives of Collector Ashraf Ali, the ASO staff of Quetta intercepted Karachi bounded coaches and seized 300 bales of cloths along with 1.8 tons of betel nuts and new spare parts during a special operation. Sources ... Read More »

ECC directs to chalk out plan for smooth operation of urea plants

ISLAMABAD: The meeting of Economic Coordination Committee of the Cabinet (ECC) was held here on Tuesday. Finance Minister Asad Umar chaired the meeting. ECC reviewed the demand and supply situation of urea in the country. The committee directed Ministry of Industries and Production to chalk out a plan for continuous and smooth operation of urea plants in the country throughout ... Read More »

Multan Customs collects Rs3,271m during April

MULTAN: The Customs Collectorate collected Rs3270.976 million during the month of April of fiscal year 2017-18. The Collectorate of the Multan Customs has done collection of Rs991.705 million under the head of customs duty against the assigned target of Rs.874.020 million during April. Multan Customs has surpassed the assigned revenue collection task of customs duty due to effective strategy of ... Read More »

Appraisement West submits another FIR in betel nuts smuggling case

KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi directed investigation officer to complete investigation and submit charge sheet against suspect namely Adnan Islam, owner of M/s Adnan International Lahore, owner/partners of M/s Mania Enterprises Karachi and others to be ascertained during the investigation, who were booked in a case of attempting to smuggle non-duty paid 5000 kilograms of betel ... Read More »

Quetta Intelligence thwarts smuggling attempt of mobiles & accessories

QUETTA: The Directorate of Customs Intelligence and Investigation Quetta frustrated a smuggling bid of a non-duty-paid mobile phones and mobile accessories priced at Rs4.35million. Sources told Customs Today that Director Customs Intelligence and Investigation Quetta Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle non-duty-paid mobile phones and mobile accessories from Quetta. He constituted a raiding ... Read More »