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CPEC brings paradigm shift in Pakistan’s Foreign Policy
KARACHI: China Pakistan Economic Corridor (CPEC) considered to be a “Game Changer” for our part of the world with benefits to neighboring countries entails a paradigm shift in Pakistan’s Foreign...
View ArticleTribunal orders release of footwear consignments on declared values; finds...
KARACHI: The Customs Appellate Tribunal comprising Muhammad Nadeem Qureshi nd Muhammd Nazim Saleem have directed collectorates to release the consignments of footwear upon payment of duties and taxes...
View ArticleCustoms developing database values for around 3,000 importable goods
KARACHI: Directorate General of Customs Valuation has initiated an exercise to develop database values for about 2000-3000 different items which are not commensurate with international price trends, an...
View ArticleMSCI upgraded Pakistan to EM/ Flows likely to increase
KARACHI: Morgan Stanley Composite Index (MSCI) has upgraded Pakistan Market from MSCI Frontier Markets (FM) Index to MSCI Emerging Markets (EM) Index. This will be effective from May 2017. After this...
View ArticleSHC orders release of Q Mobile phones, contempt proceedings adjourned
KARACHI: A divisional bench of High Court of Sindh (SHC) while holding contempt of court proceedings in a case of import of cellular phones, ordered Pakistan Customs, Valuation to release the...
View ArticleSHC allows importer to continue business, SCRA by Collector Customs adjourned
KARACHI: A division bench of High Court of Sindh (SHC) comprising Justice Hasan Azhar Rizvi and Justice Zafar Ahmed Rajput on Wednesday held that respondent Astro Plastic (Pvt) Limited may continue his...
View ArticleEstablishment Division seeks nominations for 22nd MCMC
KARACHI: The Establishment Division has sought nomination of BS-18 or equivalent officers for 22nd Mid Carrier Management Course (MCMC) to be held at National Institutes of Management in Lahore,...
View ArticleHigh court dismiss earlier ruling for release of consignment of M/s Master...
KARACHI: The Divisional Bench of Sindh high court has dismissed an earlier single bench ruling regarding release of the consignment of M/s Master Beverages & Foods on payment of Rs220 million duty...
View ArticleChairman SRB Mesri Ludhani resigns
KARACHI: Chairman Sindh Revenue Board (SRB) Messri Ludhani has resigned from his post with immediate effect owing to his own domestic problems, it is learnt here on Thursday. He has been posted as...
View ArticleSindh government criticized for imposing service tax
KARACHI: Indenters Association of Pakistan (IAOP) has expressed disappointment over imposing of service sales on indenters in the provincial budget 2016/2017. In a statement issued on Thursday, IAOP...
View ArticleAPTMA strongly rejects Regulatory Duty on import of Cotton from India
KARACHI: The owners of All Textile Mills throughout the country have rejected the proposals of the Senate Standing Committee on National Food and Securities and Research to impose Regulatory Duty on...
View ArticleSHC issues notice in Wire cutting scrap case for June 20
KARACHI: A division bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Mahmood A Khan on Thursday, issued notices to the Customs Appraisement for June 20 in a...
View ArticlePetition by Independent Media Corporation (Jang Group) in Sales Tax case...
KARACHI: A divisional bench of High Court of Sindh (SHC) deferred till June 27, hearing of a constitutional petition filed by Independent Media Corporation (Jang Group) against Assistant Commissioner,...
View ArticleSHC disposes off suit by Master Beverages Limited by consent of Custom...
KARACHI: Justice Junaid Ghaffar of High Court of Sindh on Thursday disposed of a suit filed by Master Beverages against Collector, Pakistan Customs Port Muhammad Bin Qasim and Customs Valuation after...
View ArticleNotices issued in another contempt plea filed by model Ayyan Ali
KARACHI: A divisional bench of High Court of Sindh (SHC) on Friday issued notices to the Federal Secretary Interior, Director Immigration and Passports, Karachi and other respondents for June 23 in...
View ArticlePBA sends letter to Chairman FBR to reconsider its budget proposals
KARACHI: The federal finance ministry has again imposed 4 per cent super tax on banks tax income and rejected all proposals of the Pakistan Banks Association (PBA). In a letter sent to Nisar Muhammad...
View ArticleMCC Islamabad geared up to meet revenue collection target
KARACHI: Collector MCC Islamabad Dr. Arslan Subuctageen chaired a meeting on Friday regarding recovery of arrears outstanding against Pakistan International Airlines (PIA). PIA has been given notice...
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Customs values of toys revised
KARACHI: Director Customs Valuation Karachi Dr. Wasif Memon has revised the customs values of toys vide Valuation Ruling No.871/2016. It was known that the values of various types of toys of different...
View ArticleSHC calls para-wise comments in petition by Steel importer by June 24
KARACHI : A divisional bench of High Court of Sindh (SHC) headed by Justice Hasan Azhar Rizvi on Monday sought para-wise comments in a petition filed by Ilyas Steel Re-rolling Mills. The bench earlier...
View ArticleCustoms officers rewarded cash awards for performance
KARACHI: The Federal Board of Revenue (FBR) has announced grant of cash reward for meritorious services for field formations of Customs during 2015-16. FBR has the authority to give a maximum of...
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