The Monetary Policy Committee (MPC) of SBP will meet on Monday, January 27, 2025 to decide about the Monetary Policy. Governor SBP, Mr. Jameel Ahmad will announce the Monetary Policy decision at a press conference on the same day after the MPC meeting. The post Monetary Policy Announcement appeared first on CustomsNews.pk Daily ..read more

KARACHI: A custom appellate bench of High Court of Sindh over turned a judgment by custom appellate tribunal which ordered release of a confiscated vehicle used for smuggling of High Speed Diesel (HSD) against payment of redemption fine. The vehicle was  outrightly confiscated as it contained concealed cavity for smuggling of HSD. The bench was […] The post SHC allows SCRA by DIT, over turns judgment of Custom Appellate Tribunal appeared first on CustomsNews.pk Daily ..read more

KARACHI: Pakistan Tax Bar Association (PTBA) has requested: REQUEST FOR ESTABLISHMENT OF A NEW FBR OFFICE IN GWADAR The post PTBA requests for fully operational FBR office at Gwadar  appeared first on CustomsNews.pk Daily ..read more

QUETTA: Directorate of Transit Trade Quetta has lodged two separate First Information Reports (FIRs) against bonded carriers, clearing agents, and owners of goods for attempting to pilferage transshipment goods. The FIRs were lodged against M/s Jalat Khan & Company Pvt Ltd (Bonded Carrier), M/s Meer Brothers (Owner of the Goods), and M/s Hamza and Brothers […] The post NLC Dry Port Quetta Lodges FIRs Against Bonded Carriers and Clearing Agents for Pilferage of Transshipment Goods appeared first on CustomsNews.pk Daily ..read more

KARACHI: In a significant move to enhance data management and security, the Federal Board of Revenue (FBR) has established a Data Governance Office under the Directorate General of IT & Digital Transformation (DT). This new office is designed to ensure the effective implementation of the FBR’s Data Governance and Information Security Policy. The office will […] The post Federal Board of Revenue (FBR) Establishes Data Governance Office appeared first on CustomsNews.pk Daily ..read more

The total liquid foreign reserves held by the country stood at US$ 16,450.9 million as of 10-Jan-2025. The break-up of the foreign reserves position is as under: Foreign reserves held by the State Bank of Pakistan: US$ 11,725.0 million Net foreign reserves held by commercial banks: US$ 4,725.9 million Total liquid foreign reserves: US$ 16,450.9 […] The post Pakistan’s Liquid Foreign Reserves Position appeared first on CustomsNews.pk Daily ..read more

KARACHI: On the special directions of the Prime Minister, a three-day training program aimed at enhancing the capacity of Customs prosecutors concluded in Karachi. The program, conducted by the Ministry of Law and Justice in collaboration with the Federal Board of Revenue, marks the final training session in a series that previously took place in […] The post Three-Day Customs Prosecutors Training Program Concludes in Karachi appeared first on CustomsNews.pk Daily ..read more

Karachi: The Customs team of Export Collectorate, Port Muhammad Bin Qasim (PMBQ), has achieved remarkable progress through annual audits of the Karachi Export Processing Zone (KEPZ). These audits, resumed in January 2024 after more than five years, have yielded significant recoveries of duties and taxes, strengthening compliance and transparency within Pakistan’s customs framework. Under the […] The post Customs Exports Collectorate Port Muhammad Bin Qasim Surpasses Revenue Targets at EPZ appeared first on CustomsNews.pk Daily ..read more

KARACHI: In a landmark move, the Provincial Cabinet of Khyber Pakhtunkhwa (KP) has approved the registration of Revenue offices as Designated Non-Financial Businesses and Professions (DNFBPs) during its meeting on January 15, 2025. This decision, spearheaded by Additional Director Amanullah Tareen, aims to curb the parking of illicit funds related to terrorism financing and money […] The post KP Provincial Cabinet Approves Landmark Registration of Revenue Offices as DNFBPs appeared first on CustomsNews.pk Daily ..read more

Summary: The 10th Annual Surgical Conference explores innovations in surgical care, emphasizing quality and patient safety. The Aga Khan University (AKU), Department of Surgery, proudly celebrated a milestone with its 10th Annual Surgical Conference, marking a decade of leadership and innovation in the surgical field. The two-day event, brought together a distinguished lineup of both […] The post AKU’s 10th Annual Surgical Conference Focuses on Innovations in Surgical Care and Patient Safety appeared first on CustomsNews.pk Daily ..read more