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 Latest News

Customs foils smuggling of foreign currency

byCT Report
23/07/2016
in Latest News
Share on FacebookShare on Twitter

COLOMBO: Airport Customs have arrested three persons for allegedly attempting to smuggle Rs.165 million in foreign currency out of the country. The currency was concealed at the bottom of a travelling bag which allegedly belonged to a female suspect who was arrested.

Deputy Director of Airport Customs Parakrama Basnayake said that the luggage of a woman who was to board a flight to Dubai was inspected at around 03:25 on Tuesday morning following a tip-off.

You might also like

KP approves Finance Bill 2026-27 with new taxes, tougher penalties

27/06/2026

Pakistan honored with SCO Business Council leadership for 2027

27/06/2026

There were US Dollars, Euros, Kuwait Dinars , Norwegian Krone, Oman – Qatar and Saudi Arabian Riyals, Swiss Francs and Dirhams of the UAE.among the foreign currency.

According to the exchange law of the country individuals are only allowed to take foreign currency with a value not country, exceeding, US$ 5,000 while a sum of US$ 10,000 can be taken out of the country after obtaining a special approval from a recognised bank.

If currency above the limit is to be carried abroad, it needs to be declared to Sri Lanka Customs. Following interrogation of the female suspect, it was revealed that she had decided act as a mule to smuggle the currency on the agreement that she will be paid for the task.

The other were arrested, had come to assist her in the smuggling act

Deputy who Director of Customs, Parakrama Basnayake stated that it is reported that currency is carried abroad from Sri Lanka for various purposes and these persons are carrying the currency in violation of the law. Therefore this is a serious blow to the country’s economy if not nabbed by customs. Thus investigations are at their highest level, he pointed out.

Voice Against Corruption,Wasantha Samarasinghe stated that foreign currency is taken abroad illegally and in a very premeditated manner and this incident is only a part of this ring because this is a planned operation that is taking place with the blessing of the law as well but for some reason. This has been stopped. Three persons have been arrested and this needs to be probed, he pointed out.

“What is the force behind these smugglers?”questioned Wasantha Samarasinghe, who further charged that the law needs to be enacted on those who gave them the money and the bags.

 

Related Stories

KP approves Finance Bill 2026-27 with new taxes, tougher penalties

byCT Report
27/06/2026

PESHAWAR: The Khyber Pakhtunkhwa government has approved the Finance Bill for fiscal year 2026-27, introducing significant increases in provincial taxes...

Pakistan honored with SCO Business Council leadership for 2027

byCT Report
27/06/2026

ARACHI: Atif Ikram Shiekh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has attended the Shanghai...

Pakistan, Iran push for rail and road connectivity to unlock bilateral trade

byCT Report
27/06/2026

LAHORE: Pakistan and Iran have agreed to accelerate efforts to improve cross-border transportation networks, with both countries identifying stronger road...

SHC declares FBR officers’ appointment to monitor private business null & void

byCT Report
27/06/2026

KARACHI: The Sindh High Court (SHC) on Saturday declared a Federal Board of Revenue (FBR) office order appointing officers to...

Next Post

Customs Superintendent Preventive Shahbaz retires

  • 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.