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The Sri Lankan Customs detained two containers imported from Pakistan declared as onions on suspicion on Wednesday evening, Custom's Spokesman Leslie Gamini said. He said Customs was waiting for the Court's Order to open the containers.

Customs Clearing, Forwarding and Borders Agents have said that National Accountability Bureau (NAB) during its ongoing investigations into Nato-ISAF container scandal has not proved allegations against any member of the community in Karachi, Peshawar and Quetta. But, they said that no officer from National Logistic Cell (NLC) and Pakistan Railways has been included in the investigation.
Active Taxpayer List (ATL) will be updated by the Federal Board of Revenue (FBR) on a fortnightly basis and it will be amended if the taxpayer has filed the tax return or statement under Income Tax Ordinance, 2001. The FBR has issued SRO.765(I)/2014 here on Wednesday to amend the Income Tax Rules, 2002 pertaining to Active Taxpayer List and Taxpayer Card.
Expressing displeasure over 'dispute resolution capacity' of the Federal Board of Revenue (FBR), Federal Tax Ombudsman (FTO) Abdur Rauf Chaudhry has observed that no response or delayed response to the public correspondence is a perennial problem with the tax departments working under the FBR.
Sindh government despite having financial autonomy under the 18th Constitutional Amendment was not increasing the Octroi Zilla Tax (OZT) of the civic bodies of the province in accordance with population, it emerged on Wednesday. According to KMC Sajjan Union's President Syed Zulfikar Shah, "It has been decided in the Provincial Finance Commission (PFC) award that OZT share of the civic bodies will be increased by 20 percent every year for smooth functioning of civic bodies including Karachi Metropolitan Corporation (KMC)."
The Federal Board of Revenue (FBR) has allowed repayment of customs duty on the import of raw materials used in the manufacture of export goods including 100 percent cotton or blended polyester/cotton/Trevira (all blends) dyed THPC fire or flame retardant woven fabric. Through an S.R.O.754(I)/2014, the FBR has amended S.R.O.209(I)/2009 here on Tuesday to allow duty drawback to exporters from August 21, 2014. Under the notification, the exporters have to fulfil the specified conditions of S.R.O.209(I)/2009.
The Federal Board of Revenue (FBR) is confident of meeting the monthly revenue collection target of Rs 165 billion set for August 2014, as provisional collection during first 26 days stood at Rs 142 billion against Rs 117 billion in same period last fiscal, reflecting a growth of 21 percent.

 



 
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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJune
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 25, 2014
Reserves $13.925 bln