Most stock markets in the Gulf ended on Monday, when investors waited to find out whether the imminent American definitions will be implemented. On Sunday, US Minister of Trade Howard Lootnik said that the customs tariff for Canada and Mexico will enter into force on Tuesday, but this President Donald Trump will determine whether he … Read more
A severe shortage of basic medical devices, including diagnostic groups, surgical tools, implants and monitoring equipment, began to disrupt health care services throughout Pakistan, as customs authorities continue to ban shipments at entry points due to ending organizational exemptions. According to a report, the case stems from SRO 224 (1) 2023 on December 31, 2024, … Read more
The head of the Chamber of Commerce and Industry in Waziristan (WCCI) and two customs officers in South Waziristan were kidnapped on Thursday, which raised concerns between the local business community. According to reports, WCCI President Sephor Rahman, customs supervisor Nicar Abbasi, and Inspector Khoshal, were returning from the customs office at the Angore Ada … Read more
IslamabadThe government is considering a proposal to convert circular debts in the energy sector into general debts as part of the efforts made to reduce the electricity tariff by 3.37 rupees per unit. As part of the plan, the government also intends to restructure $ 16.26 billion in debts associated with various energy projects, such … Read more
IslamabadPakistani customs have successfully foiled an attempt to address the newly introduced customs evaluation system (FCAS), designed to simplify and improve the quality of customs assessments. Such an attempt was expected, and the Customs Customs Team, responsible for FCAS operations, was instructed by the Federal Revenue Council (FBR) to remain vigilant. Those who participate in … Read more
Karachi: The Southern District of Customs Evaluation collected 96.3 billion rupees of customs duties through the unidentified customs evaluation system (FCAS) in January 2025, which reflects an increase of 52 % compared to 61.5 billion rupees in January 2024. The increase highlights the efficiency of the digital evaluation system in improving revenue collection. According to … Read more
On Saturday, US President Donald Trump imposed a 25 % tariff on imports from Canada and Mexico and 10 % on imports from China. The White House confirmed that customs duties apply. Trump had set the deadline on February 1 for definitions, and linked them to the efforts to curb the flow of fentanel and … Read more
IslamabadPrime Minister Muhammad Shehbaz Sharif has called for rapid expansion of the anonymous customs valuation system to cities outside Karachi, ensuring imports nationwide benefit from the advanced digital framework. Chairing a review meeting on the affairs of the Federal Board of Revenue, the Prime Minister stressed the importance of leveraging technology to reform customs processes. … Read more
The Federal Board of Revenue (FBR) has issued a revised procedure for granting and renewing customs agent licences, focusing on a competitive selection process and more stringent compliance standards. These changes were made through the Amendment to Customs Rules 2001, which was notified via SRO.2071 on Friday. Under the new procedure, the FBR will invite … Read more
Pakistan imported nearly 15 gigawatts of solar panels worth $2.1 billion from China in the last fiscal year, as reported in a study titled Great solar eruption in Pakistan. The study indicated that high electricity tariffs, which have risen by 155 percent over the past three years, are pushing households and industries with high consumption … Read more