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News updates 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
Multan Customs impounds NCP vehicles worth Rs213.3m during April
MULTAN: Collectorate of Customs Enforcement & Compliance (E&C) impounded non-customs paid vehicles and miscellaneous goods of worth Rs213.3 million during...
FBR allows duty drawback on supplementary food items
ISLAMABAD: Federal Board of Revenue (FBR) has allowed duty drawback on import of ready to use supplementary food, which included...
DP World stocks may plummet if Chairman Sultan Sulayem, CEO Junaid, GM Cyrus get arrested in Pakistan
KARACHI: DP World stocks may plummet if its Chairman Sultan Ahmed Bin Sulayem, CEO Junaid Zamir and GM Cyrus Khursigara...
MoC allows zero rating of sales tax on PVC, PMC material’s supply
ISLAMABAD: The ministry of commerce has allowed zero rating of sales tax on supply of PVC and PMC meterials from...
FPCCI VP Khurram Ijaz plays key role in extension for filing of Goods Declaration
ISLAMABAD: Pakistan Customs further extended the date for filing of Goods Declaration (GD) for all IGMs filed between April 07...
Private Terminals defy orders of maritime minister & cabinet: KCCI
KARACHI: While the prolonged lockdowns and closure of industries due to Covid-19 pandemic have caused massive losses to importers, these...
NAB Karachi orders filing corruption references after getting evidences: sources
KARACHI: The director-general of National Accountability Bureau (NAB) Karachi has ordered filing corruption references immediately after getting evidences in different...
Appraisement West transfers 35 AOs with immediate effect
KARACHI: Collectorate of Customs Appraisement and Facilitation West issued notification for transfer of 54 appraising officers with immediate effect and...
Customs Valuation should be done through online search: OICCI
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) have asked the government to reduce the GST rate from...
Finance Ministry, SBP introduce risk-sharing mechanism.
ISLAMABAD: The Ministry of Finance and the State Bank of Pakistan (SBP) have introduced risk-sharing mechanism to support bank lending...
DI Khan ASO seizes smuggled betel nuts worth Rs44m
PESHAWAR: Collectorate of Customs, Anti-Smuggling Organization Dera Ismail Khan seized huge quantity of crushed betel nuts weighing 15600 kg (Indian...
Date for filing of Goods Declaration extended further
ISLAMABAD: Pakistan Customs Tuesday further extended the date for filing of Goods Declaration (GD) for all IGMs filed between April...
Oil prices extend gains on demand hopes as lockdowns ease
Oil prices jumped again on Tuesday on hopes for a recovery in vehicle traffic and fuel demand, as some U.S....
Pakistan must move to produce its own products: Razak Dawood
ISLAMABAD: Adviser to Prime Minister on Commerce Abdul Razak Dawood on Tuesday said that Pakistan must move towards making products...
Pak Rupee gains 51 paisa against US dollar in interbank
KARACHI: The Pakistani rupee registered 51 paisa appreciation in its value against the US dollar in the interbank market on...
FPCCI suggests measures to broaden tax base, improving tax-to-GDP ratio
ISLAMABAD: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to broaden tax base and improving tax...
PTBA for waiving demurrages, detention charges, extending free time
LAHORE: Pakistan Tax Bar Association (PTBA) president Aftab Nagra, Qari Habibur Rehman Zubari and other office bearers have urged the...
China faces wave of calls for debt relief on ‘Belt and Road’ projects
BEIJING: China has received a wave of applications for debt relief from crisis-hit countries included in the “Belt and Road...
SBP not to issue fresh currency notes for Eid
ISLAMABAD: In view of coronavirus outbreak, the State Bank of Pakistan (SBP) on Monday announced that it will not issue...
KPT shipping intelligence report May 4
KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...
