AIRLINK 167.05 Increased By ▲ 1.69 (1.02%)
BOP 10.61 Increased By ▲ 0.22 (2.12%)
CNERGY 8.20 Increased By ▲ 0.37 (4.73%)
FCCL 46.36 Increased By ▲ 0.71 (1.56%)
FFL 15.33 Increased By ▲ 0.21 (1.39%)
FLYNG 26.89 Increased By ▲ 0.41 (1.55%)
HUBC 137.70 Increased By ▲ 2.42 (1.79%)
HUMNL 12.99 Increased By ▲ 0.14 (1.09%)
KEL 4.25 Increased By ▲ 0.06 (1.43%)
KOSM 5.65 Increased By ▲ 0.18 (3.29%)
MLCF 60.30 Increased By ▲ 0.87 (1.46%)
OGDC 217.00 Increased By ▲ 3.93 (1.84%)
PACE 5.51 Increased By ▲ 0.10 (1.85%)
PAEL 42.40 Increased By ▲ 0.39 (0.93%)
PIAHCLA 17.17 Increased By ▲ 0.12 (0.7%)
PIBTL 10.07 Increased By ▲ 0.14 (1.41%)
POWER 11.89 Increased By ▲ 0.10 (0.85%)
PPL 177.40 Increased By ▲ 2.61 (1.49%)
PRL 35.45 Increased By ▲ 1.09 (3.17%)
PTC 23.20 Increased By ▲ 0.50 (2.2%)
SEARL 96.35 Increased By ▲ 2.60 (2.77%)
SSGC 37.34 Increased By ▲ 1.23 (3.41%)
SYM 13.82 Increased By ▲ 0.34 (2.52%)
TELE 7.20 Increased By ▲ 0.08 (1.12%)
TPLP 10.31 Increased By ▲ 0.10 (0.98%)
TRG 61.65 Increased By ▲ 0.72 (1.18%)
WAVESAPP 10.20 Decreased By ▼ -0.08 (-0.78%)
WTL 1.32 Increased By ▲ 0.04 (3.13%)
YOUW 3.73 Increased By ▲ 0.03 (0.81%)
BR100 12,477 Increased By 163.5 (1.33%)
BR30 37,183 Increased By 675.6 (1.85%)
KSE100 116,420 Increased By 1510.3 (1.31%)
KSE30 36,010 Increased By 468.9 (1.32%)

ISLAMABAD: Pakistan Customs Karachi arranged an awareness seminar on the reforms introduced under the transformation plan of FBR.

A large number of representatives from FPCCI, KCCI, KCCA and APCAA attended the seminar.

The seminar in particular focused on the newly introduced Faceless Customs Assessment (FCA) and changes introduced in the Customs Agent Rules for increasing the quality of declarations.

Irfan Wahid and Naveed Ilahi, respectively Collectors of Customs Appraisement (SAPT) and Appraisement (West), gave detailed presentations highlighting the rationale and expected positive outcomes of the system. They elaborated that with the introduction of new system, quality of assessments and transparency would increase.

A number of participants asked questions on different aspects of the Faceless Assessment which were responded to by the officers in detail.

Jamil Nasir, Chief Collector of Customs Appraisement Karachi, speaking on occasion, underscored the significance of the reforms introduced by FBR. “The reforms would be a win-win situation both for the trade and the Customs as the improvements in the assessment system would not only help increase revenue direly needed by the country but would also increase trade facilitation and clearance time”, he said.

Copyright Business Recorder, 2024

Comments

Comments are closed.