ECC approves export incentive package
ISLAMABAD: The Economic Coordination Committee (ECC) meeting chaired by Finance Minister Ishaq Dar has approved the Rs180 billion incentive package for exporters on Wednesday. ECC approved summary...
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FBR shuffles newly appointed assistant commissioners
KARACHI: Federal Board of Revenue (FBR) has shuffled the newly appointed Assistant Commissioners of Inland Revenue Service (IRS) with immediate effect.
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Inland Revenue Inspectors promoted as Inland Revenue Officers
KARACHI: The Federal Board of Revenue (FBR) has notified promotion of 37 Inspectors Inland Revenue and Assistant Private Secretaries of BS-16 as Inland Revenue Officers in BS-16.
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Customs values of artificial jewelry revised
KARACHI: The Directorate of Customs Valuation has revised the customs values of artificial jewelry vide Valuation Ruling No.1007/2017. customs values of artificial jewelry were earlier determined vide...
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Customs values of bags revised
KARACHI: The Directorate of Customs Valuation has revised the customs values of school bags, brief cases and laptop bags vide Valuation Ruling No.1008/2017. customs values of school bags, brief cases...
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Customs values of Cheese revised
KARACHI: The Directorate of Customs Valuation has revised the customs values of cheese vide Valuation Ruling No.1009/2017. Customs values of cheese were earlier determined vide Valuation Ruling...
View ArticleSHC reserves judgment in alleged Indian origin goods
KARACHI: A division bench of High Court of Sindh (SHC) comprising Chief Justice Sajjad Ali Shah and Justice Zulfiqar Ahmad Khan on Wednesday reserved orders in a constitution petition filed by one...
View ArticleSHC suspends guideline issued by DG Valuation
KARACHI: Justice Muhammad Junaid Ghaffar of High Court of Sindh (SHC) on Wednesday suspended a guideline issued by Deputy Director Valuation under which value of the imported bathroom accessories was...
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ASO Lahore recovers smuggled goods worth Rs4 million
LAHORE: The Anti Smuggling Organization (ASO), MCC Preventive Lahore recovered around 90 foreign origin latest model smuggled LED TVs. According to details, upon receipt of an information the...
View ArticleSubdued remittances: ‘New Normal’ for Pakistan and South Asia
KARACHI: Remittances have remained the life blood of Pakistan Balance of Payments, which has fully financed Pakistan goods trade deficit and contributed 77% to the total trade deficit (Goods, Services...
View ArticleCustoms values of PVC Hose Pipe determined
KARACHI: Directorate of Customs Valuation has determined the customs values of PVC Hose Pipe vide Valuation Ruling No.1010/2017. The values of PVC Hose Pipe for reference/guidance were earlier issued...
View ArticleReference values of citric acid notified
KARACHI: Director General Customs Valuation Syed Tanveer Ahmed devised a plan to streamline values of importable values to check under-invoicing, which is not only causing revenue loss to the...
View ArticleSHC orders provisinal release in petitions challenging enhancement by DG...
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed on Friday hearing two identical constitution petitions ordered release of the consignments...
View ArticleSHC to hear 2000 SCRA’s pertaining to Afghan transit on Feb 21
KARACHI: A division bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Yousuf Ali Sayeed on Friday fixed Feb 21 as date for hearing more than 2000 Special Custom Reference...
View ArticleASO Sukkur seizes smuggled goods
KARACHI: The Anti Smuggling Organization (ASO) Sukkur has seized miscellaneous smuggled goods worth Rs1.349 million. On the directives of Director Customs Intelligence & Investigation Feroz Alam...
View ArticleTerrorist attacks fell 29 percent in 2016 to lowest level in 11 years
KARACHI: Terrorist attacks in Pakistan have fallen by 29 percent in 2016 to 441 incidents YoY, which is down 83 percent from the peak of 2,586 incidents in 2009, as per Pakistan Security Report 2016...
View ArticleReference values of medical, surgical goods notified
KARACHI: Directorate General of Customs Valuation has issued several valuation guidelines for the reference of clearance collectorates. Directorate General of Customs Valuation Syed Tanveer has...
View ArticleNCCPL reshuffles securities eligible for MTS, MFS and SLB
KARACHI: National Clearing Company of Pakistan Limited (NCCPL) has reshuffled securities eligible for trading under Margin Financing (MFS), Margin Trading (MTS) and Securities Lending & Borrowing...
View ArticlePakistan stocks close negative on institutional profit taking
KARACHI: Correction continued at the Pakistan stocks exchange on Monday as institutional investors opted for profit taking given uncertainty in the global equities amid weakening crude prices, dealers...
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Customs values of glass tubing determined
KARACHI: The Directorate of Customs Valuation has determined the customs values of glass tubing for the manufacture of ampoules vide Valuation Ruling No.1013/2017. MCC Appraisement West issued a...
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