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 Islamabad

Islamabad SWH receives Rs170.54m thru seized currencies & auctions during FY2016-17

byTariq Derya
13/07/2017
in Islamabad, Latest News
Share on FacebookShare on Twitter

ISLAMABAD: The Customs State Ware House (SWH), Air freight Unit (AFU) Islamabad, earned Rs170.54million of revenue generated from confiscated currencies, auctions of mobile phones, smuggled goods and gold deposited into the Mint Department at Lahore.

According to details told by Ali Asad, Assistant Collector SWH, that during the Financial Year 2016-17, the SWH, which is working under the Model Customs Collectorate (MCC) Islamabad, showed outstanding performance. During said period, the SWH held two auctions of different kinds of goods at the AFU Building at Islamabad Airport.

You might also like

Ambassador Tirmizi calls for stronger Pakistan-Russia trade & investment ties

21/10/2026

Pakistan Customs revises carbon steel seamless pipe import valuations using London Metal Exchange prices

21/10/2026

During said period, the SWH received Rs11.58million revenue out of two auctions while it did Rs25.05million through auctions of seized mobile phones. It may be remembered that the SWH can only sell impounded mobile phones to the authorized dealers of Pakistan Telecommunication Authority (PTA).
During FY2016-17, the SWH fetched Rs29.46million from different kinds of seized foreign currencies.
Ali Asad told CT that during above said period, the SWH generated Rs104.00million from confiscated gold which was seized during FY2016-17.

Related Stories

Ambassador Tirmizi calls for stronger Pakistan-Russia trade & investment ties

byCT Report
21/10/2026

ISLAMABAD: Pakistan and Russia should move beyond untapped trade opportunities and forge strong, result-oriented business partnerships to unlock their immense...

Pakistan Customs revises carbon steel seamless pipe import valuations using London Metal Exchange prices

byCT Report
21/10/2026

LAHORE: Pakistan Customs has revised the valuation mechanism for imported carbon steel seamless pipes, linking customs assessments to London Metal...

Punjab unveils Rs300b financing programme for businesses

byCT Report
21/10/2026

LAHORE: Punjab Minister for Industries and Commerce Chaudhry Shafay Hussain has announced a Rs300 billion programme this year, under which...

FBR revises customs values for imported coconut oil vide VR No.2116/2026

byCT Report
21/10/2026

ISLAMABAD: The Federal Board of Revenue (FBR) has issued revised customs values for imported coconut oil to determine customs duties...

Next Post

Hazara Customs generates Rs868.28m of all duty & taxes during FY2016-17

  • 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.