Latest News
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
Customs Court grants bail to 35 in diesel smuggling cases
KARACHI: Link Judge Customs and Taxation Court Arshad Noor Khan granted bail to 35 accused who had tried to smuggle...
Pakistani exports of leather products to cross $2.80b in five years
ISLAMABAD: The Ministry of Commerce (MoC) has high expectations of exports of leather products crossing the figure of $ 2.80...
Black-marketing of Utility Stores sugar resulted in withdrawal of subsidy: Finance Ministry
ISLAMABAD: Black-marketing of sugar supplied to Utility Stores Corporation (USC) was also one of major reasons for withdrawal of subsidy...
Appraisement-East collects Rs 12.432 billion in first 20 days of Dec
KARACHI: The Model Customs Collectorate of Appraisement-East collected revenue of Rs 12,432 million during the first 20 days of this...
Export Collectorate attaches property of Gravure Packaging for Rs 3.6m recovery
KARACHI: The Special Recovery Cell of Model Customs Collectorate (MCC) of Export, while following the directives of Collector-MCC Exports Manzoor...
Customs intelligence seizes LPG consignment on tax evasion charges
MULTAN: The Customs Intelligence and Investigation has detected misdeclaration and tax evasion. The customs intelligence received information that a private...
FBR suspends allowance of officers who failed to file income tax returns
KARACHI: The Federal Board of Revenue has issued ordered to suspend internal job allowance of officials who failed to submit...
Cotton prices going up in local market
KARACHI: Cotton prices are on the rise in the local market as the production of the crop has decreased...
Collector Seema issues order-in-original 87/2014 in smuggling case
ISLAMABAD: Collector Customs Adjudication Seema Raza Bukhari has ordered to seize the products of millions of rupees. The products include...
Customs AFU unearths tax evasion on import of 445kg culture media
LAHORE: Allama Iqbal International Airport Air Freight Unit (AFU) customs officials have detected duty and taxes evasion on 60 cartons...
Customs Preventive unearths another tax evasion case in betel leaves’ import this month
LAHORE: Import section of Air Freight Unit (AFU) ICG has unearthed duty and tax evasion on import of betel leaves...
China customs seizes 300kg of drugs
BEIJING: Guangzhou Customs District launched in January this year a special anti-drug campaign codenamed “Net Casting”. Since then, the Customs...
KSE-100 bags enormous gains with 480.47pts, up 1.55% to close at 31491.62pts
KARACHI: The Karachi Stock Exchange benchmark KSE 100-index Monday kept bullish trend and took a mammoth jump of 480.47 points...
Punjab Excise Dept reshuffles various directors
LAHORE: The Punjab Excise and Taxation Department has ordered transfers and promotion of many directors and additional director. According to...
Saudi oil supplies to China to continue unabated next year
RIYADH: Saudi Aramco is expected to keep crude oil supply to China under an annual contract largely unchanged next year....
Bangladesh PC for firm steps to discourage rice imports
DHAKA: Bangladesh parliamentary standing committee advised the food ministry to take firm steps to discourage rice imports to protect growers...
China’s crude oil imports from Iran fall 2.6%
BEIJING: China's crude oil imports from Iran fell 2.6 percent in November from a year ago but were up more...
Kingfisher agrees to relinquish control of Chinese unit for 140m pounds
BEIJING: A London based company Kingfisher Plc (KGF) agreed to sell control of its unprofitable Chinese unit for 140 million...
Oil prices to recover without intervention from Opec cartel: Gulf states
RIYADH: Gulf states insisted that oil prices will recover without intervention from the Opec cartel, arguing that current prices will...
KSE up by 1.17%, gains 364pts; 100-index reaches 31375pts
KARACHI: The Karachi Stock Exchange benchmark KSE 100-index Monday maintained upward momentum and gained 364.17 points or 1.17 per cent to...
