Misinvoicing issue: Directorate of Valuation implements ‘LIVE’ System ISLAMABAD: In order to effectively address the issue of misinvoicing at the import stage, Directorate of Valuation,... Updated 19 Mar, 2024 09:21am
Business & Finance Global transport of goods: Red Sea crisis causing severe disruptions LONDON: The International Maritime Organization (IMO) is working “tirelessly” to solve the Red Sea crisis, which is... Updated 12 Feb, 2024 08:39am
Print New customs’ values on playing cards determined ISLAMABAD: Directorate General of Customs Valuation Karachi has fixed new customs values on the import of playing... Updated 11 Feb, 2024 09:25am
Print eFBR portal to be used: FMCG supply chain required to register systems ISLAMABAD: The supply chain of the Fast Moving Consumer Goods (FMCG) sector would be required to register their... Updated 11 Feb, 2024 02:08pm
Print FIA probing ‘corruption’ in DPP ISLAMABAD: The Federal Investigation Agency (FIA) is probing top brass of Department of Plant Protection (DPP), an... Updated 22 Jan, 2024 11:47am
Print FBR probe against PSW concludes: No revenue loss in ‘unlawful’ clearance of $847m goods ISLAMABAD: A fact-finding inquiry of the Federal Board of Revenue (FBR) against Pakistan Single Window (PSW)... Updated 19 Jan, 2024 10:00am
Pakistan 4th consignment of relief goods sent for people of Gaza ISLAMABAD: Fourth consignment from Pakistan consisting of 20 tons of medical and food items reached Jordan.... Updated 15 Jan, 2024 11:03am
Print Another importer booked for duty evasion ISLAMABAD: The Customs Collectorate SAPT, Karachi has booked another importer on evasion of duty on import of... Updated 08 Jan, 2024 09:34am
Pakistan Importer assails customs dept for not releasing goods LAHORE: An importer of polymer polyvinyl chloride has proved prejudice behavior of Customs department for not... Published 28 Dec, 2023 04:52am
Business & Finance Afghan importer recovers entire sale proceeds LAHORE: An Afghan importer has got the entire sale proceeds recovered against the goods neither liable to... Published 26 Dec, 2023 04:30am
Print New era of Sino-Pak trade ties: First shipment of dried chillies sent to China ISLAMABAD: The caretaker Federal Minister for Commerce and Industries, Dr Gohar Ejaz, announced a significant... Updated 20 Dec, 2023 09:21am
Business & Finance Release of goods on provisional assessment: Importers no more at liberty to escape liability of duty LAHORE: Importers are no more at liberty to escape the liability of proceedings for recovery of duty, taxes or ... Published 09 Dec, 2023 05:46am
Pakistan Body to probe smuggling of Afghan transit trade goods ISLAMABAD: The caretaker government is said to have constituted an inquiry committee to investigate the smuggling of... Updated 08 Dec, 2023 09:00am
Print Customs values of various goods changed ISLAMABAD: The Directorate General of Customs Valuation Karachi has revised customs values on the import of Hot Melt... Updated 07 Dec, 2023 09:20am
Pakistan Direct inspections, release of goods: Customs’ agents denounce ‘application of draconian laws’ KARACHI: Sheikh Muhammad Tariq, Vice Chairman of Custom Agents Association, has said that in the intricate dynamics... Published 28 Nov, 2023 04:57am
Business & Finance Import of vegetable oil & its products: Massive under-invoicing detected KARACHI: The Directorate of Customs Intelligence Karachi has detected a massive under-invoicing in the import of... Published 28 Nov, 2023 04:56am
Business & Finance Jul-Oct C/A deficit dips sharply KARACHI: The country’s current account deficit fell sharply 66 percent during the first four months of this fiscal... Published 21 Nov, 2023 06:01am
Business & Finance Carbon alloy wire rod: FBR says RD exemption cannot be granted on import ISLAMABAD: The Customs Classification Committee of the Federal Board of Revenue (FBR) has declared that the ... Published 04 Nov, 2023 06:00am
Pakistan Getting goods released on provisional assessment basis: importers accused of violating law LAHORE: Some importers are allegedly violating law by getting released goods on the basis of provisional assessment... Published 17 Oct, 2023 05:51am
Business & Finance High-end brands: New customs’ values on import of colour cosmetics from all origins fixed ISLAMABAD: The Directorate General of Customs Valuation, Karachi has fixed new customs values on the import of... Published 12 Oct, 2023 05:57am
Print Afghanistan transit trade agreement: MoC allows transportation of goods already landed at Karachi ISLAMABAD: Ministry of Commerce has allowed transportation of fabrics, tyres, black tea, cosmetics, toiletries,... Updated 05 Oct, 2023 09:43am
Business & Finance FBR decides to implement IRMS thru PSW ISLAMABAD: The Federal Board of Revenue (FBR) has decided to implement an Integrated Risk Management System (IRMS)... Published 22 Aug, 2023 06:03am
Print Sale tax law: expert approves of new definition of ‘tax fraud’ ISLAMABAD: The acquirers or possessors (traders) of smuggled/ domestic goods, on which sales tax has not been paid,... Updated 31 Jul, 2023 09:46am
Print Supplies to unregistered persons: ‘Further Tax’ rate raised to 4pc ISLAMABAD: The Federal Board of Revenue (FBR) has increased the rate of ‘Further Tax’ from three to four percent on... Updated 26 Jul, 2023 09:08am
Print Goods under brand name, trademark: Bulk supplies chargeable to GST: FBR ISLAMABAD: The Federal Board of Revenue (FBR) will charge sales tax on bulk supplies of goods made under brand names... Updated 25 Jul, 2023 10:03am
World Turkey prohibited re-export of sanctioned goods to Russia WASHINGTON: Turkey has agreed to stop the transit of sanctioned western goods to Russia after pressure from the G7, ... Published 08 Apr, 2023 06:21am
Print B2B barter trade mechanism: MoC empowered to impose conditions, curbs ISLAMABAD: Commerce Ministry has been empowered to impose country or commodity specific conditions or restrictions... Updated 28 Jan, 2023 08:45am
Print Inputs: exporters promised hassle-free imports The government decides to help exporters import raw materials in order to meet their manufacturing requirements Updated 17 Jan, 2023 09:11am
Business & Finance Afghan Transit Trade goods: Excessive documentation causing delay in clearance of containers: PAJCCI PESHAWAR: Director Pak-Afghan Joint Chamber of Commerce and Industry (PAJCCI), Ziaul Haq Sarhadi has expressed... Published 16 Jan, 2023 06:18am
Business & Finance Pakistan Customs launches ‘Linking International Values’ system ISLAMABAD: Directorate General Valuation (Customs), Karachi has launched LIVE (Linking International Values) system... Updated 13 Jan, 2023 08:52am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?