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Finance Minister Senator Ishaq Dar while addressing World Customs Day ceremony on the theme, "Co-ordinated Border Management", organized by FBR here on Monday said Pakistan Customs has made great strides in the recent years in achieving better visibility with its partners, including the international organisations, the business community, the development partners and other international trade stakeholders.

Model Customs Collectorate (MCC) Hyderabad seized various smuggled items worth Rs 198.750 millions during the current financial year of 2014-15. Collector Customs Hyderabad, Wasif Memon said this while talking to media on the occasion of International Customs Day held here at Custom House on Monday. "Anti-Smuggling Staff carried out crackdowns against smuggling of goods including Iranian origin diesel," he said.
The Federal Board of Revenue (FBR) has drafted instructions for the allotment of residential accommodation owned by the Board and controlled by its field offices to the eligible employees of Inland Revenue Service and Pakistan Customs Service. In this regard, the FBR on Monday circulated the draft of the instructions for allotment of FBR accommodation to the field formations for comments.
Federal Tax Ombudsman (FTO) Abdur Rauf Chaudhry has taken up the matter of alleged issuance of National Tax Number (NTN) on fake documents by misusing CNIC of citizens of Pakistan.
The President has rejected the Federal Board of Revenue''s (FBR) representation against an order passed by Federal Tax Ombudsman (FTO) on the issue of theft of taxpayers'' confidential data, which will now be investigated by Federal Investigation Agency (FIA), involving tax/PRAL officers, who illegally accessed confidential data of taxpayers'' assessment record.
The customs officials in Karachi are paying no heed to repeated requests of exporters for allowing export of Kinnow consignments in line with Federal Board of Revenue's (FBR) instructions to the Model Customs Collectorates, as the consignments of perishable items are deteriorating day by day.
Ministries of Commerce and Textile Industry have reportedly locked horns with Federal Board of Revenue (FBR) for opposing increase in duty on Pet Resin (yarn grade, bottle grade and film grade, well informed sources in Commerce Ministry told Business Recorder. However, all public sector stakeholders are on the same page on proposed increase in duty on Pure Terephtahalic Acid (PTA) from existing three per cent to four per cent, the sources added.


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 25, 2015
Reserves $15.019 bln