BUSINESS
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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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FBR Faces Criticism Over Sudden Posting of Senior Customs Officer Wajid Ali
Karachi : Former Chairman of the All Pakistan Customs Agents Association (APCAA) and Vice President of the Federation of Pakistan…
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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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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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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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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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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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Billions of rupees Benami transactions on import of vehicles under baggage scheme
Karachi : The anti-benami zone of Federal Board of Revenue (FBR) has kicked off massive crackdown against the billions of…
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PCA Detect Tax evasion of rupees 60 billions during Two Years,
Karachi : Directorate of Post Clearance Audit (PCA) has identified tax evasion of rupees 60.5 billion and recover Rupees 6.7…
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Customs Warns Strict Legal Action Against Misdeclaration of Unit of Measurement
Karachi– The Customs Appraisement Collectorate at South Asia Pakistan Terminal (SAPT) has issued a stern warning to importers, clearing agents,…
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