AGL 37.99 Decreased By ▼ -0.03 (-0.08%)
AIRLINK 215.53 Increased By ▲ 18.17 (9.21%)
BOP 9.80 Increased By ▲ 0.26 (2.73%)
CNERGY 6.79 Increased By ▲ 0.88 (14.89%)
DCL 9.17 Increased By ▲ 0.35 (3.97%)
DFML 38.96 Increased By ▲ 3.22 (9.01%)
DGKC 100.25 Increased By ▲ 3.39 (3.5%)
FCCL 36.70 Increased By ▲ 1.45 (4.11%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 134.13 Increased By ▲ 6.58 (5.16%)
HUMNL 13.63 Increased By ▲ 0.13 (0.96%)
KEL 5.69 Increased By ▲ 0.37 (6.95%)
KOSM 7.32 Increased By ▲ 0.32 (4.57%)
MLCF 45.87 Increased By ▲ 1.17 (2.62%)
NBP 61.28 Decreased By ▼ -0.14 (-0.23%)
OGDC 232.59 Increased By ▲ 17.92 (8.35%)
PAEL 40.73 Increased By ▲ 1.94 (5%)
PIBTL 8.58 Increased By ▲ 0.33 (4%)
PPL 203.34 Increased By ▲ 10.26 (5.31%)
PRL 40.81 Increased By ▲ 2.15 (5.56%)
PTC 28.31 Increased By ▲ 2.51 (9.73%)
SEARL 108.51 Increased By ▲ 4.91 (4.74%)
TELE 8.74 Increased By ▲ 0.44 (5.3%)
TOMCL 35.83 Increased By ▲ 0.83 (2.37%)
TPLP 13.84 Increased By ▲ 0.54 (4.06%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.84 Increased By ▲ 1.87 (5.67%)
WTL 1.72 Increased By ▲ 0.12 (7.5%)
BR100 12,244 Increased By 517.6 (4.41%)
BR30 38,419 Increased By 2042.6 (5.62%)
KSE100 113,924 Increased By 4411.3 (4.03%)
KSE30 36,044 Increased By 1530.5 (4.43%)

Prime Minister Shehbaz Sharif on Thursday has directed relevant authorities to conduct a third-party audit of Web Based One Customs (WeBOC) System.

The development came after a meeting held under the chairmanship of PM Shehbaz Sharif regarding the affairs of Pakistan Customs and Federal Board of Revenue (FBR) in Islamabad.

“All ongoing reforms and digitization projects in the FBR should be brought under one umbrella,” the PM said in an official statement.

WeBOC is an indigenously developed, web-based computerized clearance system, providing end-to-end automated customs clearance of import and export goods. Back in May, the FBR had decided to replace the WeBOC customs clearance system with the new customs digital management system.

Meanwhile, during the meeting on Thursday, the officials informed the PM that during the fiscal year 2023-24, 72.4% of the imports and exports were cleared through the green channel.

From July 2023 to June 2024, Pakistan Customs received an additional revenue of Rs240 billion through valuation controls, the PM was informed.

“Reforms in the FBR and complete digitization is the issue of our economic survival,” said the premier.

The PM directed the relevant authorities to ensure third-party audit of ongoing reform projects in FBR and other institutions at all levels.

He also directed the authorities that steps should be taken to make the customs operation transparent and corruption-free on all the ports of Pakistan.

Shehbaz also called to immediately establish a project management unit for the ongoing project regarding reforms in the Customs system.

He directed authorities to resolve all issues regarding misinvoicing. “Under-invoicing should be abolished to protect Pakistan’s industry and products,” he said.

Meanwhile, the PM also directed to put in place a regulatory framework for the operation of the shipping sector.

Comments

200 characters
naveed Ahmad bajwa Jul 11, 2024 07:09pm
Speaker Speaker.....Now that PTA has been stuffed with my PAYTI BAHIS.....what has the regulator done to fix the problem.....wouldn't the rate of taxes steep that people are now using the phone only sparingly
thumb_up Recommended (0) reply Reply