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China Resources unit to sell 35 % stakes in Wal-Mart for $523.4m
BEIJING: China Resources SZITIC Trust Co Ltd, a subsidiary of China Resources Corp, is to sell its 35 percent stake...
China’s apparent oil demand rises 10.2% in Aug
BEIJING: China's apparent oil demand rose 10.2% in August from a year earlier to 11.19 million barrels per day (b/d),...
FBR to freeze bank accounts of 200 big tax defaulters soon
SIALKOT: The Federal Board of Revenue (FBR) has tightened noose around chronic tax defaulters for concealing the facts about their...
Chief Collector Burki’s central region collects Rs 3,450m customs duty
LAHORE: The Customs central region collected Rs 3,450 million of customs duty during the first three months of the financial...
Hyderabad ASO seizes smuggled items worth Rs6m in September
HYDERABAD: The Customs Anti-Smuggling Organisation (ASO) Hyderabad has confiscated smuggled items worth Rs 6.04 million involving duty/taxes amounting to Rs...
Customs sets up special desk to facilitate importers, clearing agents
KARACHI: The Pakistan Customs has established a special desk to collect applications and complaints of the importers regarding import-related issues...
Historic Eduljee Dinshaw road’s renovation enters final phase
KARACHI: The renovation work, which has been continuing for the last couple of months, has entered the final phase and it is...
PRAL maladministration: FTO suggests FBR to take FIA’s assistance
ISLAMABAD: The Federal Tax Ombudsman (FTO) has issued recommendation to the Federal Board of Revenue (FBR) to take measures to...
Customs Intelligence seizes contraband items worth Rs 255m, arrests 8 in September
ISLAMABAD: The Directorate General Customs Intelligence and Investigation Islamabad has seized smuggled goods worth Rs 255 million, registered 108 cases...
Customs Tribunal reserves decision on plea challenging Rs 25 million penalty
ISLAMABAD: The Customs Appellate Tribunal on Saturday reserved its decision on a petition challenging the Karachi tribunal’s verdict through which...
Tax evasion: FBR freezes bank account of Hudebia Engineering
LAHORE: The Federal Board of Revenue(FBR), Regional Tax Office one (RTO-I) has frozen the bank accounts of Hudebia Engineering (Pvt) in...
DC Yawar Nawaz deploys three inpectors at AFU, BBIAP
ISLAMABAD: Model Customs Collectorate (MCC), Deputy Collector headquarters Yawar Nawaz Islamabad has issued an office order to deploy three inspectors...
Customs issues valuation of imported lead acid batteries
KARACHI: Directorate General Customs Valuation has issued the details of valuation of imported lead acid batteries, sources told Customs Today...
SHC restrains PCS from action against suspect of Rs 21m tax evasion
KARACHI: The Sindh High Court (SHC) has restrained the Pakistan Customs from taking any action against a developer allegedly involved...
Customs seizes eight trucks of smuggled items
LAHORE: The Customs Anti-Smuggling squad of Multan claimed to have seized eight trucks loaded with goods worth millions of rupee....
ASO Sialkot seizes smuggled electronic goods
SIALKOT: The Anti-Smuggling Organization (ASO) intelligence squad Sialkot has seized a bulk of the smuggled electrical appliances, including radios, home...
LHC bars NAB from taking action against two businessmen
LAHORE: A division bench of the Lahore High Court (LHC) has barred the National Accountability Bureau (NAB) from proceedings against...
Customs Court adjourns 25 cases on Saturday
LAHORE: In the Special Federal Court of Customs Taxation and Anti-Smuggling, 25 different cases were scheduled for hearing on Saturday....
Sales tax evasion: Punjab Revenue Authority seals 3 marriage halls
LAHORE: The Punjab Revenue Authority (PRA) has sealed three marriage halls on sales tax evasion in different areas of the...
FBR decides to blacklist sales tax defaulters
KARACHI: The Federal Board of Revenue (FBR) has decided to blacklist sales tax defaulters by the end of current year....
