AVN 71.20 Increased By ▲ 2.70 (3.94%)
BOP 9.05 Increased By ▲ 0.20 (2.26%)
CHCC 133.50 Increased By ▲ 3.50 (2.69%)
DCL 9.25 Increased By ▲ 0.10 (1.09%)
DGKC 106.21 Increased By ▲ 2.05 (1.97%)
EFERT 60.95 Increased By ▲ 0.10 (0.16%)
EPCL 45.42 Increased By ▲ 1.22 (2.76%)
FCCL 21.04 Increased By ▲ 0.24 (1.15%)
FFL 15.15 Increased By ▲ 0.55 (3.77%)
HASCOL 14.48 Increased By ▲ 0.20 (1.4%)
HBL 130.44 Increased By ▲ 0.14 (0.11%)
HUBC 79.25 Increased By ▲ 0.35 (0.44%)
HUMNL 6.20 Decreased By ▼ -0.05 (-0.8%)
JSCL 27.80 Increased By ▲ 1.60 (6.11%)
KAPCO 28.23 Increased By ▲ 0.03 (0.11%)
KEL 3.68 Increased By ▲ 0.01 (0.27%)
LOTCHEM 13.05 Increased By ▲ 0.20 (1.56%)
MLCF 40.27 Increased By ▲ 1.03 (2.62%)
OGDC 100.13 Increased By ▲ 2.13 (2.17%)
PAEL 33.80 Increased By ▲ 1.11 (3.4%)
PIBTL 12.66 Increased By ▲ 0.36 (2.93%)
PIOC 92.77 Increased By ▲ 1.61 (1.77%)
POWER 9.78 Increased By ▲ 0.24 (2.52%)
PPL 92.51 Increased By ▲ 2.72 (3.03%)
PSO 199.15 Increased By ▲ 2.35 (1.19%)
SNGP 44.00 Increased By ▲ 1.80 (4.27%)
STPL 15.36 Increased By ▲ 0.96 (6.67%)
TRG 69.07 Increased By ▲ 3.87 (5.94%)
UNITY 26.86 Increased By ▲ 1.54 (6.08%)
WTL 1.05 No Change ▼ 0.00 (0%)
BR100 4,335 Increased By ▲ 68.12 (1.6%)
BR30 22,012 Increased By ▲ 442.39 (2.05%)
KSE100 41,665 Increased By ▲ 596.45 (1.45%)
KSE30 17,533 Increased By ▲ 251.98 (1.46%)

ISLAMABAD: The Customs Region (North) of the Federal Board of Revenue (FBR) has surpassed the customs duty target assigned for September 2020 by 16 percent.

According to the preliminary figures available here on Thursday, Customs Region (North) collected a total of Rs. 4,832 million during the month of September, 2020. The Region not only achieved but surpassed its Customs Duty target for Sep, 2020 by a hefty margin of Rs. 279 million (16%) by collecting Rs. 2,053 million against the assigned target of Rs. 1,774 million.

Similarly, an amount of Rs. 1,873 million was collected under the head of Sales Tax during the same month. As regards collection of all taxes during Sep, 2020, the Region collected Rs. 4,832 million.

The Customs Region (North) comprises four Collectorates i.e., Model Customs Collectorates of Islamabad, Gilgit-Baltistan, MCC (Appraisement & Facilitation), Peshawar and MCC (Enforcement

& Compliance), Peshawar covering Islamabad/ Rawalpindi, the whole of KP as well as the merged districts of erstwhile FATA.

The performance of MCC (Appraisement), Peshawar stood exceptional during Sep, 2020 as it collected Rs. 1,054 million Customs Duty against the assigned target of Rs. 559 million, showing an increase of Rs. 495 million (45%).

It is pertinent to mention that a major breakthrough during the month was opening of another border point for trade at Angoor Adda on Pak-Afghan border, which became operational on 30.09.2020. The opening of "Angoor Adda" situated at zero point in South Waziristan, Tribal District was made possible through active coordination with other law enforcing agencies & provincial government authorities in line with the vision of the current government to increase and facilitate trade with our brotherly neighbor country Afghanistan.

It is expected that with initiation of cargo clearance from Customs Station, Angoor Adda, South Waziristan, Tribal District, the trade activities are expected to further flourish in coming months thus contributing more revenue to the national exchequer.

Copyright Business Recorder, 2020