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Customs department

Goods released without redemption fee payment: Customs department challenges adjudicating authority’s decision

LAHORE: The Customs department challenged its own adjudicating authority for releasing consignment without payment ...

Published 26 Sep, 2024 09:21am

Business & Finance

Customs reforms: FBR sets up four working groups

ISLAMABAD: The Federal Board of Revenue (FBR) has constituted four working groups for reforms in the Pakistan ...

Updated 21 Sep, 2024 07:39am

Pakistan

Customs dept has failed to prove digits of chassis of crane were tampered with

LAHORE: The Customs department has failed to prove tampering with the digits of the chassis of a crane confiscated ...

Published 23 Aug, 2024 03:24am

Business & Finance

3,451 lots awaiting disposal in Customs dept: FTO

LAHORE: Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has observed that a total of 3451 lots are awaiting disposal...

Published 30 Jul, 2024 03:10am

Business & Finance

FTO voices concern over delay in release of imported vehicle

ISLAMABAD: The Federal Tax Ombudsman (FTO) has expressed serious concern over delay in the release of an imported...

Published 25 Jul, 2024 06:24am

Pakistan

Customs fails to prove smuggling of local currency

LAHORE: The customs department has failed to establish smuggling of local currency to Afghanistan from a passenger ...

Published 23 Jul, 2024 08:29am

Pakistan

Customs dept fails to prove vehicle as smuggled item

LAHORE: The customs department has failed to prove smuggling of a vehicle into Pakistan despite claiming that the...

Published 14 Mar, 2024 03:00am

Business & Finance

Non-duty paid foreign origin goods: Customs confiscates locally- manufactured clothing

LAHORE: The customs department reportedly confiscated locally manufactured cloth on the pretext of non-duty paid...

Published 07 Feb, 2024 05:30am

Business & Finance

‘Benefit of doubt’: Jewellery importer defeats confiscation of goods

LAHORE: An importer of artificial jewellery has defeated confiscation of the imported goods by the customs ...

Published 13 Jan, 2024 05:38am

Pakistan

Officer’s failure to understand matter properly causes Customs revenue loss

LAHORE: Misunderstanding on the part of appropriate officer leads to loss of revenue to the customs department, said...

Published 04 Jan, 2024 05:41am

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

Customs department: FBR announces major reforms

ISLAMABAD: The Federal Board of Revenue (FBR) has announced major reforms in the customs department to upgrade and...

Published 28 Dec, 2023 04:52am

Field formations: FBR announces extended workhours

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the field formations (customs department) will...

Updated 25 Dec, 2023 08:43am

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

Smuggled, illegally imported goods worth Rs10.5bn seized

KARACHI: The Directorate of Intelligence and Investigation-Customs Karachi has seized smuggled and illegally ...

Published 05 Dec, 2023 03:01am

BR Research

50 shades of ‘grey trade’

The crackdown on smuggling is yielding results. However, the food items smuggled through grey channels are still...

Published 03 Nov, 2023 08:45am

Business & Finance

Customs accused of issuing detection notices under the garb of tax evasion

LAHORE: The Customs department is issuing reassessment and recovery notices under the garb of detection of tax...

Published 20 Jul, 2023 03:12am

Pakistan

Mishandling three imported vehicles: President directs FBR to apologise, make payment to citizen

ISLAMABAD: President Dr Arif Alvi has directed the Federal Board of Revenue (FBR) to apologise and make payment to a...

Published 30 May, 2023 03:37am

Business & Finance

Mishandling of refund claims worries importers

LAHORE: Importers have expressed concerns over not attending their refund claims in correct factual and legal...

Published 21 Apr, 2023 05:56am

Pakistan

SOP issued to intercept suspected smuggled vehicles

ISLAMABAD: The Directorate General of Intelligence and Investigations (Customs) Tuesday issued a standard operating...

Published 19 Apr, 2023 06:36am

Pakistan

Bid to smuggle ammunition foiled

PESHAWAR: Customs authorities have foiled a bid to smuggle foreign-origin ammunition, having a total value of ...

Published 13 Apr, 2023 06:37am

Money laundering, terrorism financing: Customs dept directed to refer cases to CTD

ISLAMABAD: The Federal Board of Revenue (FBR) has directed the Customs department to refer big cases of currency...

Updated 23 Mar, 2023 09:30am

Business & Finance

Despite orders, failure to impose penalties on officials irks FBR chief

ISLAMABAD: The Federal Board of Revenue (FBR) chairman has taken serious notice of the instances where heads of ...

Published 01 Mar, 2023 06:21am

Business & Finance

Officials facing disciplinary proceedings: FBR chief seeks forensic analyses of audio/video clips

ISLAMABAD: Federal Board of Revenue’s (FBR) Chairman Asim Ahmad on Wednesday directed heads of all field ...

Published 15 Dec, 2022 06:00am

Business & Finance

‘Released’ consignments: Customs Adjudication can’t recover short levy, tax: SHC

ISLAMABAD: The Sindh High Court (SHC), Tuesday, declared that the officers of the Collectorate of Customs...

Updated 30 Nov, 2022 09:57am

Business & Finance

Customs Dept’s PCA recovers Rs11.85m tax in June

ISLAMABAD: In line with the directives of the Federal Tax Ombudsman (FTO), Post-Clearance Audit (PCA) of the Customs...

Published 29 Jul, 2022 06:14am

Business & Finance

Customs official visits KATI ‘Steps being taken to facilitate business community’

KARACHI: Chief Collector Customs South Wajid Ali during his visit to Korangi Association of Trade and Industry ...

Published 16 Jul, 2022 04:20am

Pakistan

Smuggled goods worth over Rs46m seized in raids

KARACHI: The crackdown against the smuggling of contraband goods is in full swing as the customs department has...

Published 08 Jul, 2022 08:08am

Pakistan

Illicit goods worth Rs60m seized during last week

KARACHI: The crackdown against the smuggling of contraband goods to and from Pakistan is in full swing as the ...

Published 03 Jul, 2022 07:10am

Pakistan

Seizure of smuggled goods, non-duty paid vehicles: FBR to give cash rewards to LEAs officials

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to give cash rewards to the officials of other law...

Published 01 Jul, 2022 07:39am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Oct 31	277.92
USD PKR Interbank Buying / Oct 31	277.72
USD to Japanese Yen / Oct 31	152.20
USD to Swiss Franc / Oct 31	0.86
Pound Sterling to USD / Oct 31	1.30
Euro to USD / Oct 31	1.09

Stock	Volume
S&P 500 / Oct 30	5,813.67
Nasdaq / Oct 30	18,607.93
FTSE 100 / Oct 30	8,159.63
Dow Jones / Oct 30	42,141.54
Germany DAX 30 / Oct 30	19,257.34
France CAC40 / Oct 30	7,428.36
India Sensex / Oct 31	79,453.59
Tokyo Nikkei / Oct 31	39,081.25

Item	Value
Karachi Cotton PKR/37.32 KG / Oct 30	18,085
Gold 10 Grams PKR / Oct 30	246,403.40
Petrol/Litre / Oct 31	247.03
Crude Oil USD/Barrel / Oct 31	69
Gold Spot USD/Ounce / Oct 31	2,781.74
Diesel/Litre / Oct 31	251.29

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Oct 31 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Oct 31 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Oct 31 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Oct 31 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Oct 31 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Oct 31 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Oct 31 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Oct 31 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Oct 31 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Oct 31 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Oct 31 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Oct 31 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Oct 31 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Oct 31 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Oct 31 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Oct 31 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Oct 31 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Oct 31 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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