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China’s FDI surges by 7.9%, ODI up 20.8%
BEIJING: Both China's outbound direct investment to the world and foreign direct investment into the country saw strong growth between...
Russia to export its 30% crude oil to Asia by 2020
MOSCOW: Russia expects to send up to 30% of its crude oil exports to Asia as soon as 2020 and...
Chinese customs dept suffers Rs39.9b revenue loss due to mis-declarations
BEIJING: Customs department has suffered enormous revenue loss of Rs 39.9 billion in CY 2013, following unprecedented mis-declaration in the...
Russia, Turkey to boost trade to $100b target by 2020
MOSCOW: Turkey and Russia have signed an action plan to promote bilateral trade in a bid to boost the trade...
China, EAEU Nations to share Customs information on transit goods
BEIJING: Eurasian Economic Union (EAEU) nations and China will share customs information on transit goods, reported Belta. The agreement was...
NAB nabs seven Customs officials for Rs180m fraud
LAHORE: The National Accountability Bureau (NAB) Punjab has arrested Seven high-ranking Customs officials for allegedly causing Rs180 million losses to...
Record of assets of Senators, MNAs being scrutinized on DG Haroon Tareen’s directions
ISLAMABAD: The Federal Board of Revenue (FBR) Inland Revenue (IR) Investigation and Intelligence has collected the details of assets declared...
Meritorious decisions necessary to improve IR-Tribunal’s performance: ATIR Chairman Javid Iqbal
ISLAMABAD: Following termination of two judicial members, Appellate Tribunal Inland Revenue (ATIR) Chairman Javid Iqbal has contended that meritorious decisions...
Rs 471m refund claims still pending with RTO Multan
MULTAN: The refund claims amounting to Rs 471 million are still pending in the Regional Tax Office Multan for the...
SHC summons Customs officials over seizure of Iranian diesel after auction
KARACHI: The Sindh High Court (SHC) has summoned the officials concerned of the Pakistan Customs to explain why 60, 000...
Chairman Ghulam Murtaza hears nine cases in Lahore bench on Monday
LAHORE: Customs Appellate Tribunal Chairman Ghulam Murtaza Bhatti heard nine cases of Lahore bench on Monday along with another member...
Customs values of petrochemical products still unchanged despite reduction in POL prices
KARACHI: The Directorate General of the Customs Valuation is reported reluctant to revise custom values of petrochemical products despite remarkable...
Islamabad Customs collects Rs 189m customs duty in eight months
ISLAMABAD: The Model Customs Collectorate Islamabad has collected Rs 189.61 million in the term of customs duty from January to...
Customs court to announce verdict in alcohol smuggling case today
KARACHI: The Special Court of Customs Taxation and Anti-Smuggling on Monday reserved its verdict on a bail application of a...
Tax evasion of Rs 31.204m: Customs serves four show-cause notices on Fatima Fertilizer
KARACHI: Customs, Collectorate of Adjudication-II has served four show-cause notices on M/s Fatima Fertilizer Company Limited Lahore for taking illegal...
DG Input Output Coefficient Organization asked for early disposal of DTRE cases
KARACHI: The Director General, Input Output Coefficient Organization (IOCO) has directed officials of the directorate at Customs House to ensure...
Adjudication Collector M. Ali Raza asks officials to issue hearing dates in pending cases
ISLAMABAD: Collector, Collectorate of Customs Adjudication, Islamabad Muhammad Ali Raza has directed the staff to streamline the pending cases in...
Sargodha ASO impounds Toyoata Hiace Van worth Rs 1.8m
FAISALABAD: The Customs Anti-Smuggling Organization (ASO) Sargodha has impounded a non-duty paid Toyota Hiace Van worth Rs 1.8 million involving...
Smuggling of Rs 35b gold scam: Court confirm bails of 3 Customs officials
KARACHI: The Sindh High Court (SHC) has confirmed the interim bails granted to three officers of the Pakistan Customs in...
Afghan Transit Trade at Pakistan’s ports declines by 70pc
KARACHI: The volume of transportation of Afghan Transit Trade has reportedly declined by an estimated 65 to 70 percent at...
