Pakistan News

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  • Audit unearths Rs78bn customs duty evasion

    ISLAMABAD: The Auditor General of Pakistan (AGP) has identified tax evasion and irregularities of more than Rs78 billion in customs duty collection during previous fiscal year despite the fact that the government was struggling to reduce the spiralling budget deficit...

    Tax experts say the dodging of this magnitude was not possible without the connivance of officials who must have aided people to evade duty and taxes by allowing use...

  • Customs duty controversy

    At issue is the notification, promulgated by KP governor, for the enforcement of the Customs Act, 1969, in Malakand Division — a territory composed of former princely states and khanate of Swat, Dir and Chitral, encompassing an area of 29,872 square kilometres, with an estimated population of at least eight million, if not more...

    Most of KP’s political parties, and the elites of Malakand, have joined hands against the proposed...

  • Customs duty collection rises to Rs180bn

    ISLAMABAD: Federal Board of Revenue (FBR) Chairman Nisar Mohammad Khan said on Thursday that collections on account of customs duty improved to Rs180 billion in the first six months (July-Dec) of the current fiscal year against Rs135...

    5bn in December last through levy of regulatory duty on luxurious items and an additional one per cent tax on imported products...

  • Automakers seek removal of customs duty on machinery

    KARACHI: Pakistan Automotive Manufacturers Association (Pama), in its budget proposals for 2016-17, has urged the government to remove customs duty on machinery, parts, dies, moulds and tools, which currently stands at five per cent...

    The association said that additional duty on input items such as raw materials, components, sub-components and CKD of the automotive industry that are not manufactured locally have impacted the highly...

  • Collection at Gwadar exceeds customs duty target

    KARACHI: Model Customs Collectorate, Gwadar, has exceeded revenue collection target of customs duty by 203 per cent during the financial year 2015-16...

    Official sources said that total target of customs duty for the Collectorate from July 2015 to June 2016 was Rs1,654 million and collection against this target for the same period stood at Rs5,009 million...

  • Healthy growth in customs duty collection

    KARACHI: The Customs Appraisement (South) has collected Rs454 billion in customs duty during the outgoing fiscal year (2017-18), reflecting a growth of 21 per cent over 2016-17 when collection stood at Rs377bn...

    Over the last three years, customs duty rose by 96...

  • India ratifies UN customs convention

    NEW DELHI: India has ratified a UN customs convention, the International Road Transport Union (IRU) said on Monday, welcoming the move as cutting border red tape...

    India thus becomes the 71st country to join the Transports Internationaux Routiers (TIR) convention, which is set to boost the country’s overland trade with partners in Europe and Asia by easing customs controls, the IRU said...

  • Customs Academy team lift Rajiv Gandhi Trophy in India

    KARACHI: Customs Cricket Academy (CCA) on Thursday were crowned champions of Rajiv Gandhi Under-15 Cricket Trophy after they beat Tamil Nadu by 47 runs at Marina Cricket Ground in Chennai...

    “Playing against India in India was a big confidence booster for the lads,” said Ahmad adding that the 26th edition of Rajiv Gandhi Cricket Trophy, organised by Cricket Federation of India, consisted of 10 Indian state teams and one team each from...

  • Apple opens map development office in India's Hyderabad

    NEW DELHI: Apple said Thursday it will open a development office in Hyderabad, as its chief executive Tim Cook continued his India charm offensive with an investment boon to one of the country's top technology hubs...

    It pits Apple against Google, which has made maps a key focus of its attempt to forge inroads in India, a vast but largely untapped Internet market where almost a billion people are still not online...

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