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BUSINESS
Federal Government Permits Commercial Import of Used Vehicles, Limit Set to Five Years Old
Karachi : The Federal Government has introduced a significant amendment to the Import Policy Order 2022, allowing the commercial import…
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Business
FBR to issue new CGO for disposal of seized cars
ISLAMABAD: The Federal Board of Revenue (FBR) will issue a new Customs General Order (CGO) for disposal of tampered and…
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BUSINESS
Karachi’s Infrastructure Collapses Despite Billions in Taxes, Says Khurram Ejaz
Karachi : Federation of Pakistan Chambers of Commerce and Industry’s ruling group Businessmen Panel Secretary General and former Vice President…
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Business
FBR Reorganizes Customs Post-Clearance, Internal Audit Framework
Karachi: The Federal Board of Revenue has announced a sweeping restructuring of the country’s customs post-clearance and internal audit framework…
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Business
Chief Collector South, Jamil Nasir, has challenged the credibility of the Directorate of Post Clearance Audit
Karachi : The Chief Collector of Customs Appraisement South, Jamil Nasir, has challenged the credibility of the Directorate of Post…
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Business
Faceless Customs Assessment system has suffered a massive revenue loss of Rs. 38 billion during just three months
Karachi : Pakistan’s much-touted Faceless Customs Assessment (FCA) system has suffered a massive revenue loss of Rs. 38 billion during…
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Business
Faceless Customs Assessment: Audit sparks concerns about under-invoicing
KARACHI: The import value of a 2023 Toyota Land Cruiser, typically worth millions, has been shockingly declared at just Rs…
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Business
Falcon-i Launches Pakistan’s First Bilingual Vehicle Tracking App
Karachi : Falcon-i, the country’s largest IoT fleet management company, has launched Pakistan’s first bilingual tracking app. The app offers…
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BUSINESS
Customs Adjudication Imposes Rupees 111 Billion Penalties on Solar Importers in Money Laundering Case
KARACHI– In one of the largest financial enforcement actions in Pakistan’s history, the Customs Adjudication Authority has imposed a staggering…
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