Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Karachi

Collectorates fails to recover Rs500 million in FTA/PTA cases

bySohail Rab
23/10/2014
in Karachi, Latest News
Share on FacebookShare on Twitter

KARACHI: The Model Customs Collectorate Appraisement-West,  Appraisement-East and  Port Muhammad Bin Qasim have failed to recover the amount pointed out by the Directorate of Internal Audit Customs in connection with the anomalies reported in the issuance of FTA/PTA certificates, it is learnt here.

Sources informed Customs Today that the Directorate of Internal Audit Karachi Region has detected an amount of Rs500 million in share of recoverable amount in connection with the issuance of FTA/PTA certificates from the Collectorates of field formation during the year 2013-14.

You might also like

Canadian delegation visits UAF

12/06/2026

Budget 2026-27: Your guide to key terms that matter

12/06/2026

The sources further informed this scribe that the revenue figure of Rs500million has been pointed out by the Directorate of Internal Audit Karachi and details of the leaked revenue in issuance of FTA/PTA have been sent to the audit department of the relevant Collectorates in January 2014. However, no recovery has been witnessed from the Collectorates despite passing of 10months from Jan to Oct during the current year.

They further disclosed that all three Collectorates have agreed upon recovering half of the total detected amount Rs 500 million, but they have failed to do the same.

“The non-serious attitude and incompetency of the audit staff at Collectorate level hampers the recovery process in this regard which causes the colossal loss to the revenue,” they added.

Tags: certificatesFTA/PTAMCC Appraisement-East and MCCModel Customs Collectorate Appraisement-WestPort Muhammad Bin Qasim

Related Stories

Canadian delegation visits UAF

byCT Report
12/06/2026

FAISALABAD: A three-member delegation from the Canadian High Commission, Islamabad, visited University of Agriculture Faisalabad (UAF) to discuss the area...

Budget 2026-27: Your guide to key terms that matter

byCT Report
12/06/2026

ISLAMABAD: With multiple external and internal shocks rocking Pakistan’s economy, the federal government is set to present the much-awaited annual...

Finance minister presents Rs18.77tr Budget 2026-27

byCT Report
12/06/2026

ISLAMABAD: Finance Minister Muhammad Aurangzeb presented the federal budget for fiscal year 2026-27 in the National Assembly during a session...

FBR chairman says tax collections surge in FY2025-26

byCT Report
12/06/2026

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Rashid Langrial has said that tax collections registered a significant increase during the...

Next Post

DP World begins trial operations in Dubai

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.