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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 Enforcement generates Rs63.42m through auction of vehicles & goods
MULTAN: Collectorate of Customs Enforcement Multan has earned Rs63.42 million through public auction of confiscated goods and vehicles lying at...
Food supply at risk as banks reluctant to open LCs
KARACHI: Despite the State Bank of Pakistan’s (SBP) directives about import facilitation, the banks remain hesitant in opening letters of...
Pakistan’s remittances fall 19pc to $2b in December 2022
KARACHI: Overseas workers' remittances flowing into Pakistan dropped 19% in December to $2 billion from $2.52 billion in the same...
Poultry prices drop as govt releases feed consignments
ISLAMABAD: While the poultry crisis has begun to subside after the government released genetically modified soybean and canola seeds that...
UAE to lend Pakistan $1b, agrees to roll over existing $2b loan
ABU DHABI: The UAE has agreed to roll over Pakistan's $2-billion existing loan and said it will provide additional $1...
Pakistan, Saudi Arabia sign agreement to finance oil derivatives worth $1b
ISLAMABAD: Pakistan and the Kingdom of Saudi Arabia (KSA) on Thursday signed an agreement to finance oil derivatives worth $1...
Germany to provide Euro 28 million support to Pakistan
ISLAMABAD: The government of Pakistan and Germany signed two framework agreements amounting to Euro 28 million focusing on socio-economic uplift...
Karachi I&I impounds smuggled goods, vehicles worth Rs44m
KARACHI: Directorate of Customs Intelligence and Investigation (I&I) has seized smuggled Iranian Petrol, NCP/tampered vehicles and other goods worth more...
Traders protest outside SBP against non-clearance of containers
KARACHI: Traders of Karachi came out on the streets and protested outside the State Bank of Pakistan (SBP) on Thursday...
SBP-held reserves plummet below $4.5b to lowest level since Feb 2014
KARACHI: Pakistan’s central bank forex reserves have plunged to lowest level since February 2014 after a decline of 22.11 percent,...
SECP registers 2,374 new companies in December 2022
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) registered 2,374 new companies in December 2022. The total number of...
FBR verifying just 30pc of total rebate claims filed by exporters in FY23
LAHORE: The Federal Board of Revenue (FBR) is verifying only 30 percent of the total rebate claims filed by the...
Cars’ sale plunges 39pc in six months
ISLAMABAD: The sale of cars during the first six months of current fiscal year 2022-23, has dropped by 39.96 percent...
Quetta I&I seizes smuggled goods worth Rs166.5m during first ten days of Jan 2023
QUETTA: After the directions of Director-General Customs Intelligence and Investigation (I&I) Faiz Ahmed and under the supervision of Director I&I...
Pakistan, Saudi Arabia to ink $1b oil sector agreement
KARACHI: Pakistan and Saudi Arabia are expected to ink an agreement of over $1 billion in the oil sector, through...
ECC allows to fix DTP of 50kg imported urea at Rs2340 per bag
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet Wednesday considered and approved a summary of the Ministry of Industries...
Dar rejects impression of taking over commercial banks’ forex reserves
ISLAMABAD: Finance and Revene Minister Muhammad Ishaq Dar clarified that the government won t take over foreign exchange held by...
Almost $70m dollars being smuggled to Afghanistan monthly: report
ISLAMABAD: Almost $60 to $70 million dollars was being smuggled from Pakistan to Afghanistan on a monthly basis. According to...
Multan Customs foils bid to smuggle goods worth Rs10m near M-5 Motorway
MULTAN: Collectorate of Customs Enforcement has seized huge quantity of non-customs paid foreign origin cloths, tyres and miscellaneous goods near...
Lahore I&I to auction 35 foreign origin motor vehicles on Jan 14
LAHORE: Directorate of Customs Intelligence and Investigation (I&I) has announced auction of foreign origin motor vehicles to be held on...
