Daily Archives: March 13, 2017

Pakistan’s trade deficit widens by 34.33pc in July – February

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ISLAMABAD: Pakistan’s trade deficit has sharply widened by 34.33 percent to $20.2 billion during first eight months of current fiscal year 2016/2017 as compared with $15.04 billion in the corresponding period of the last fiscal year, according to data issued by Pakistan Bureau of Statistics (PBS) on Monday.

Customs issues instructions on unnecessary marking for examination, calling documents

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KARACHI: Model Customs Collectorate (MCC) Appraisement West has issued instructions regarding unnecessary marking of examination and calling documents at assessment stage.

SBP advises banks to set up foreign trade valuation system to stop money laundering

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KARACHI: State Bank of Pakistan (SBP) has advised banks to set up in-house price valuation of foreign goods in order to minimize money laundering through banking channels.

ATL adds 15,738 returns avoiding automatic audit selection

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KARACHI: About 15,738 taxpayers have filed their income tax returns for tax year 2016 during past week in order to avoid automatic selection of audit besides fine and penalties.