Customs Wing News Today

Persistent auction irregularities prompt FBR action despite years of audit objections

ISLAMABAD: The Federal Board of Revenue (FBR) has started budget preparation exercise for 2024-25. In this regard,...

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed separate sections in the Sales Tax Act for suspension of...

A parliamentary panel on Wednesday directed the finance secretary to hold a meeting with all stakeholders to probe why PayPal is not operating in Pakistan. — AP/File ISLAMABAD: A parliamentary panel on Wednesday directed the finance secretary to hold a meeting with all stakeholders to probe why PayPal is not operating in Pakistan. The panel also recommended that there should be an exemption in custom taxes on import of especially designed mobile phones for visually-impaired people. A meeting ...

The government is presenting the next fiscal year's budget with a total outlay of over Rs. 8 trillion. Unveiling the federal budget for FY22, finance

National April 28, 2021 ISLAMABAD: To facilitate the exporters of confectionery products, the Federal Board of Revenue (FBR) has substantially increased the customs duty drawback on the exports of confectionery items with effect from April 26, 2021. The Federal Board of Revenue (FBR) has amended the standard duty drawback notification SRO. 212(I)/2009 through a notification issued here on Tuesday. According to an announcement of the Federal Board of Revenue, “In line with Prime Minister’s ...

National April 28, 2021 ISLAMABAD: To facilitate the exporters of confectionery products, the Federal Board of Revenue (FBR) has substantially increased the customs duty drawback on the exports of confectionery items with effect from April 26, 2021. The FBR has amended the standard duty drawback notification SRO. 212(I)/2009 through a notification issued here on Tuesday. According to an announcement of the FBR, “In line with Prime Minister’s Initiative of ‘ Make in Pakistan, FBR has issu...

Rs 1 crore worth of gold seized at RGI airport According to official sources, based on specific inputs, officials of the Directorate of Revenue Intelligence seized the gold and detained the passenger. Share Via Email   |  A+A A- By Express News Service HYDERABAD:  Airport  officials seized gold worth around Rs 1 crore in two different operations at the RGI airport on Monday. In the first case, the passenger, who had arrived from Dubai, had concealed gold biscuits weighing 2.3 kg in a...

Pakistan’s law enforcement agencies need to enhance their understanding and knowledge of risks related to TBML “International trade networks can attract criminals and terrorists financiers who exploit the interconnected supply chains to launder the proceeds of crime or finance terrorism. Recognising trade-based money laundering is difficult, particularly when there is a lack of understanding of this technique,” FATF/Egmont Trade-based Money Laundering: Trends and Developments, December 2...