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 Breaking News

Revenue Crisis at Multan Customs: Urgent overhaul needed to combat shortfalls & systemic failures

byCT Report
10/02/2024
in Breaking News, Latest News, National
Share on FacebookShare on Twitter

MULTAN: The revenue challenges faced by Collectorate of Customs Enforcement Multan during January 2023-24 underscored systemic issues within the revenue collection framework. Despite the implementation of various measures such as auctions, anti-smuggling initiatives, and the Currency Declaration System at Multan International Airport, revenue collections fell significantly short of the assigned target.

Multan Customs has collected almost Rs42.99 million in wake of customs duty against the assigned collection revenue task of Rs600 million for the month of December2023-24. While Multan Customs Collectorate collected Rs45 million in wake of Customs duty during the corresponding period.

You might also like

China donates livestock vaccines for CPEC 2.0

01/10/2026

Only four new traders file returns under FBR’s fixed tax scheme, Senate panel told

01/10/2026

Multan Customs Collectorate Enforcement has attained only 14% allocated revenue tasks during month of January due to enrichment of revenue task by the Member Customs. The Customs Collectorate has collected almost Rs.1.385 million under the head of Sales taxes during month of January in the ongoing fiscal year 2023-24. While Multan Customs collected almost Rs.3.85 million during corresponding period.  Multan Customs has collected almost Rs.1.68 million Income taxes during January in the financial year 2023-24.

The disconnect between the unrealistic revenue task set by the Member Customs and the practical realities on the ground hampered the effectiveness of enforcement efforts. While slight improvements were observed in Customs duty, sales taxes, and income taxes compared to the previous period, they remained insufficient to meet targets.

The establishment of a Trade Facilitation desk was a step in the right direction, signaling an intent to streamline operations and enhance revenue collection. However, it is imperative for Multan Customs Collectorate Enforcement to undertake a comprehensive review of its strategies and align them with achievable revenue goals.

Sources informed Customs today that addressing the underlying discrepancies between assigned tasks and practical expectations is crucial for improving revenue performance and ensuring the effective facilitation of trade. Multan Customs must prioritize implementing targeted measures to expedite customs processes and strengthen compliance mechanisms to tackle smuggling effectively.

Related Stories

China donates livestock vaccines for CPEC 2.0

byCT Report
01/10/2026

ISLAMABAD: Minister for National Food Security Rana Tanveer Hussain has called upon agricultural scientists and researchers to develop focused and...

Only four new traders file returns under FBR’s fixed tax scheme, Senate panel told

byCT Report
01/10/2026

LAHORE: Only four new traders filed tax returns under the government's fixed tax scheme by the statutory deadline, prompting the...

APTMA urges govt to save textile economy

byCT Report
01/10/2026

LAHORE: All Pakistan Textile Mills Association (APTMA) in its 67th Annual General Meeting has demanded the government to save textile...

Container vessel may be leased to support exporters if cargo volumes suffice

byCT Report
01/10/2026

KARACHI: Seeking to help exports beat rising global freight charges and supply chain shortages spawned by rerouted ships, the federal...

Next Post

SECP imposes record penalties in enhanced compliance drive

  • 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.