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pAkIStAN’S FIrSt INDepth NewSpAper oN cuStoMS
Daily
Vol 1 Issue No. 167
Karachi, Wed August 26, 2015
ISLAMABAD
M FAIZAN
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ederal Board of Revenue (FBR) Member Administration Shahid Hussain Jatoi has said that the services accounts of all those ofQicials are closed who are availing ex-Pakistan leave and getting salaries from the department. He said
these ofQicials are employed abroad. Shahid Hussain Jatoi said: “We are taking measures for reimbursement of their salaries according to rules and regulations.” Talking to Customs Today in his ofQice, he said that there are ofQicials who went abroad and get employment and did not return to the country while some ofQicials are already running their business there. He said that most of these ofQicials belong
Price Rs. 14.00
to grade 17 and grade 20. He said, “We are investigating that whether these ofQicials were paid their salaries by mistake or with the support of department’s ofQicials.” He said that if any ofQicial found involved in payment of their salaries then stern action would be t a k e n againstthem.
Hyderabad ASO impounds Toyota Hilux Vigo worth Rs 2m
Sargodha ASO seizes smuggled 8,680kg of red chilli worth Rs 1.3m
Federal govt approves Rs 2.5b for ‘Expo Center’ in Peshawar
Dr Asif Jah greeted for Sitara-e-Imtiaz
Shell awards free fuel to winners
The Customs ASO Hyderabad has impounded a non-duty paid vehicle | See pAge 02 |
The Customs ASO Sargodha has confiscated 8,680 kilogram of red chilli | See pAge 03 |
Federal govt has approved Rs 2.5b to establish a state-of-art expo centre | See pAge 04 |
LTBA present and ex-presidents have felicitated Dr Asif Mahmood Jah | See pAge 03 |
Sixteen people across the country won free fuel for a month | See pAge 09 |
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600,000 ghost pensioners: Senate committee to investigate NBP’s claim Wednesday, August 26, 2015
National
ISLAMABAD: The Senate Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatisation has convened a meeting to discuss and investigate the National Bank of Pakistan’s (NBP) claim of 600,000 ghost pensioners, which has been rejected by the Auditor General of Pakistan (AGP). According to a statement issued by the office of Pakistan People’s Party Senator Saleem Mandviwalla, the parliamentary committee’s chairman.
FBr bids farewell to recently retired BS-22/21 officers
KARACHI
ISLAMABAD
MuhAMMAD YouSAF
ShAhID MINhAS
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he Special Court of Customs Taxation and Anti-Smuggling has rejected the plea of a suspect, who has been behind the bars for his alleged involvement in Rs 35 billion gold smuggling scam, for reduction in the surety amount. Earlier on August 5, 2015 Judge Syed Faiz Rasool Rashidi had approved the bail for Muhammad Shakeel with surety of Rs 2 million on the ground of statutory delay. Advocate Zakir Laghari filed an application on behalf of the accused, requesting the court to reduce the surety amount as his client could not arrange this huge amount. The FIA authorities had arrested the accused on June 2, 2014, for giving his authorisation to the export of gold on fake customs clearance documents, which caused huge loss to the national exchequer. The FIA Corporate Crime Circle had registered an FIR under Section 156(1)(8), 32/32-A punishable under Section 156(1)(14) of Customs Act 1969. In the FIR, it was stated that in pursuance of the inquiry No 3/2014 it was established accused Muhammad Shakeel, the deputy director the Trade Development Authority.
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etting a new tradition, a meeting of the Board-inCouncil of the Federal Board of Revenue (FBR) was held to pay homage and bid farewell to recently retired BS-22 and BS-21 ofQicer Inland Revenue Services (IRS) and Pakistan Customs Services. The meeting was chaired by Chairman FBR, Tariq Bajwa and attended by members of the board here at FBR headquarters to bid farewell to Fiza Muzaffar IRS/BS-22, Azra Mujtaba IRS/BS-22, Abdul Rehman Dogar IRS/BS-22 and Tariq Ahad Nawaz PCS/BS-21. The above ofQicers, who were invited to the meeting on special invitation, shared their views and work experiences during their careers in and outside the FBR, while the members of FBR, in their individual remarks, hailed the services rendered by the retired ofQicers and also shared their reminiscences of some pleasant memories while working together with the honorably retired ofQicers. Chairman FBR in his concluding remarks appreciated the services of the retired ofQicers and reiterated that promotion of the three IRS ofQicers to BS-22 spoke volumes of their hard work and commitment to the organization.
customs court rejects suspect’s plea in rs 35b gold smuggling scam
The chairman and all the members highlighted the moral values practiced by all the four ofQicers and unanimously praised the high level of integrity and honesty exhibited by them during their entire career. Bajwa emphasized that the retired ofQicers with their enriched experience behind them must continue contributing to the society. He
wished them all healthy and prosperous life in future. At the end, the chairman, FBR presented souvenirs and Qlower bouquets to the above outgoing ofQices of FBR. Meanwhile, Federal Board of Revenue (FBR) Chairman Tariq Bajwa has urged the tax ofQicials to enforce the tax laws strictly in order to achieve the set revenue targets for
the running Qiscal year 2015-16. He stated this while addressing to the Large Taxpayers Unit (LTU) Islamabad Chief Commissioner Raana Saeed and other ofQicers here at a meeting. He also appreciated the performance of the LTU during last year; besides emphasizing that it has potential to generate more revenue for national exchequer.
Hyderabad ASO impounds Toyota Hilux Vigo worth Rs 2m HYDERABAD
ASLAM QureShI
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he Customs Anti-Smuggling Organisation Hyderabad has impounded a non-duty paid vehicle, Toyota Hilux Vigo worth Rs 2 million. As per details, the ASO team, following tip-off received through Ad-
ditional Collector Model Customs Collectorate Hyderabad Omer ShaQique, conducted a raid to seize the smuggled vehicle. The ASO team intercepted the vehicle near Qasimabad area of Hyderabad and asked the driver to produce the documents showing the legal possession and import of the vehicle. But the driver could not show any documents. Therefore, the customs ofQicials impounded the vehicle considering it a smuggled one under the prevailing customs laws.
Meanwhile, The Customs AntiSmuggling Organization (ASO) Hyderabad has seized 520 kilogram of smuggled gutka with Suzuki pickup worth Rs 1.3 million during an action. The Anti-Smuggling Organization has seized smuggled Gutka with Suzuki pickup in Hyderabad. Following the instruction of Hyderabad Customs Collector Dr. Mr Ahmed Mujtaba Memon, an ASO team under the supervision of Additional Collector Omer ShaQique conducted action to fail the smug-
gling bid in the region. ASO team intercepted a vehicle at Jamshoro Road, Hyderbad following credible information and recovered smuggled gutka from the vehicle. Therefore, customs ofQicials took the gutka and the vehicle in their custody. OfQicials said that after making a seizure report the conQiscated items will be deposited to state warehouse in Hyderabad and report will also be sent to adjudication for further legal action against the accused.
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ASO Faisalabad seizes black pepper, zeera FAISALABAD: Anti Smuggling Organization ( ASO) Faisalabad seizes foreign origin black pepper packed in bardana and Indian zeera in Faisalabad city. The market value of seized black pepper and Indian zeera is estimated at Rs 517500/-. According to sources of Customs Today Assistant Collector Asim Anwar received a credible information regarding smuggling of black pepper and zeera. After receiving information, Assistant Collector constituted a special raiding team comprising Zahid Bukhari (Superintendent), Mehmood Ahmad Dogar (inspector), Muhammad Naeem, Hafiz Nisar Ahmad, and Asrar Ahmad (sepoy ).
Shc seeks replies from senior officials for transshipment of consignment
Wednesday August 26, 2015
National
Sargodha ASo seizes smuggled 8,680kg of red chilli worth rs 1.3m
KARACHI
MuhAMMAD YouSAF www.customsbulletin.com
he Sindh High Court (SHC) has sought comments from the secretary revenue division, the chairman of the Federal Board of Revenue (FBR), chief collector of customs Appraisement, collector of customs (Import section) and others on a petition seeking transshipment of a consignment of cold rolled electrical steel coils. M/s General Fan Company (Pvt) Limited petitioned the high court, submitting that it had filed general declarations dated July 2015 and got cleared the consignment of cold rolled electrical steel coils. The petitioner’s counsel said that his cleint submitted all the required documents, including bill of lading.
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traders will not accept wht tax in any form LAHORE
M IMrAN MehAr
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ll Pakistan Anjuman-e-Tajran President Khalid Pervaiz has said that traders of the country will not accept withholding tax in any form. He warned that the traders will announce a strike call after their convention which will be held on August 28, 2015. He further said that traders will not hold any further negotiations with the government. He said that Federal Finance Minister Ishaq Dar tried to create grouping in traders community but he did not succeed in his motive. He appealed to all traders community to form unification among them and participate in convention to make it more successful. He asked the government to accept traders demands in larger interest of the country.He asked the government to accept traders demands in larger interest of the country.
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FAISALABAD
NAeeM SheIkh
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he Customs Anti-Smuggling Organisation (ASO) Sargodha has conQiscated 8,680 kilogram of red chilli worth Rs 1.3 million involving duty/taxes amounting to Rs 218,122, besides impounding a truck being used for the transportation of the smuggled item valued at Rs 1.6 million. As per details, Assistant Collector ASO Sargodha Muhammad Asim Awan, received information regarding the smuggling of the red chilli, formed a team to foil the smuggling bid in the region. Following the directions, the ASO team intercepted a truck bearing Registration No. XA-821 loaded with a container near Sial Mor, Sargodha and recovered red chilli packed in 238 jute bags. The ofQicials asked the driver named as Syed Sadiq Hussain Shah to provide the documents showing the legal import of the recovered item. But he could not produce any documents relating to its legal import or lawful possession; therefore, the customs ofQicial took the red chilli and truck into custody and served notices upon the accused person. ASO team comprising Inspector Muhammad Ansir Saleemi, Rana Muhammad Ashraf, Muhammad Amin, Shafqat Mehmood and others took part in operation. Meanwhile, The Customs Anti-
Smuggling Organisation of Jhang City has conQiscated smuggled whey powder (food supplement) valued at Rs 705,000 involving duty/taxes amounting to Rs 149,225. According to the details, the ASO team following credible information received through Assistant Collector Model Customs Collectorate Faisalabad, Asim Awan, raided an area near Bhakar bypass, Jhang. During the raid, the customs ofQicials recovered Ukrainian origin whey powder on which they asked the owner namely Ghulam Muhammad to produce the documents showing the legal import of the items. But he remained fail; there-
fore, the ASO team conQiscated the items under prevailing customs law and sent contravention report to the adjudication for further legal proceedings. ASO team comprising Superintendent Zahid Raza Bukhari, Inspector Asghar Mehdi Naqvi,
ASo Sargodha has confiscated 8,680 kilogram of red chilli worth rs 1.3 million involving duty/taxes amounting to rs 218,122, besides impounding a truck being used for the transportation
Dr Asif Jah greeted for Sitara-e-Imtiaz
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ahore Tax Bars Association (LTBA) present and expresidents have felicitated Dr Asif Mahmood Jah for receiving Sitara-e-Imtiaz from the government in recognition of his services for the ailing humanity. In their separate messages to Dr Asif Jah, who is
performing as Collector of Appeal, the LTBA president Munsha Sukkera and former president Habibur Rehman Zubari appreciated his initiatives for the deserving humanity and his contribution to revenue generation. Sukhera and Zubari wished him all the best for his endeavors to provide relief and medical assistance to the ailing humanity.
Shaukat Khan Mujuhid Abbas and others participated in the raid. Meanwhile, The Anti-Smuggling Organisation (ASO) has seized illegally imported black pepper having market value of Rs 2,114,700. Sources told Customs Today that Faisalabad Collector Tauseef Ahmed Qureshi received credible information regarding smuggling of foreign origin black pepper. Soon after receiving the tip, a raiding party was formed, which consisted of Superintendent Zahid Bukhari, Inspector Mehmood Ahmad and sepoys Muhammad Naeem, Muhammad Salam, Atta Muhammad, HaQiz Naseer and Liaqat Ali.
court grants bail to drug smuggler he Lahore High Court Rawalpindi bench has accepted the bail plea of suspect who had already served two years and 9 months jail, and ordered his release. According to details, Lahore High Court Rawalpindi bench has heard the case of smuggler Muhammad Altaf who was arrested by Anti-Narcotics Forces while 1500 gram marphiune was recovered from him and registered a case of smuggling against him.
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Int’l conference opens: Research, tech must to boost agri yield, says Bosan Wednesday, August 26, 2015
Business
ISLAMABAD: The research and development in agriculture are must to enhance production and increase in agri yield is only possible through use of modern technologies. Federal Minister for National Food Security and Research Sikandar Hayat Bosan said this after inaugurating a two-day Agriculture Linkage Programme (AIP) annual conference on “Agriculture Innovations for Improved Productivity and Economic Growth.”
ppIB working on different power projects of 7550-8050Mw
ISLAMABAD
ISLAMABAD
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ith the aim to attract and facilitate foreign investment, the Private Power and Infrastructure Board (PPIB) is working on power generation projects from 7550 to 8050MW. According to Water and Power Division the projects would attract foreign investment of $10.528 billion to $11.028 billion. The major amongst them was Tarbela 4th ex-
Encroachments: CDA directed to conduct survey in Diplomatic Enclave
tension project and has capacity of 1410 MW. The project, commenced on October 28, 2013 is completed 34.77 per cent. The other project was Dasul-IPP (Stage-I) with capacity of 2160 MW and was started on June 25, 2014. The current status of the project is that preparatory works is in progress while and pre-qualiQication of bidder for main works is in process. Additional Power after Rehabilitation of Mangla, having capacity of 310 MW was another project. Contracts have been approved for two packages while bidding for other packages is in progress. Another project was Kurram
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pecial Assistant to Prime Minister Tariq Fatmi has directed the Capital Development Authority (CDA) to conduct a survey for identifying the encroachments in the Diplomatic Enclave and remove the illegal structures. Fatimi, in a letter to the CDA chairman, said that he was surprised to know during his inspection of the Diplomatic Enclave last month that unlawful constructions.
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posal is in process. Another project was two 660 MW each Coal Fired Power Generation Project, Jamshoro. The project implementation on Consultant has been mobilized. The draft bidding documents for EPC has been prepared and are under review. The GENCO-II 747 MW (Gross) Combined Cycle Power Project was also commissioned during last year. In private sector, Private Power and Infrastructure Board (PPIB) is processing some projects which are at various stages of processing and development and are expected to achieve commercial operations by 2017-2023.
tevta unveils country’s first online system for skilled labour
ISLAMABAD
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Tangi (Stage-I Kaitu Weir Irrigation & Power Component) with capacity of 18.9 MW. The project was commenced after 48 months of award of contract with current status that evaluation of bids is in process. Keyal Khwar Hydropower Project with capacity of 128 MW was also commenced in March 2015. Contract for civil works has been awarded and re-bidding for E&M works is under process. The present government also commenced Harpo Hydropower project with capacity of 34.5 MW in April 2015 as Qinal proposal has been opened and combined evaluation of Technical & Financial pro-
LAHORE
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he Technical Education and Vocational Training Authority (Tevta) has unveiled the country’s Qirst online Skilled Labour Market Information System (SLMIS) in Punjab. Punjab Tevta Chairperson Irfan Qaiser Sheikh said this during a meeting at Tevta Secretariat. Chief Operating OfQicer Jawad
Ahmed Qureshi and others ofQicials were also present on the occasion. Irfan said that the facility of free registration is available for all the students of technical and vocational institutes, job seekers and employers on this web portal so that unemployed skilled youth may Qind suitable job opportunities. He added that this web portal will also provide information on employment and unemployment rates in different sectors of industry besides other useful economic data. At present, UK, Korea, Malaysia, Philippines and Sri Lanka are using
labour market information systems. All these systems have been studied in the process of developing SLMIS by Punjab Tevta, he said. The Tevta chairman further said that the SLMIS is being operated and maintained at Tevta Secretariat. The labour market information of the whole Punjab is consolidated at the Tevta secretariat in coordination with its district level offices. He said that the training of staff for running SLMIS has already been completed and operational instructions have been issued to field offices.
govt urged to remove duties on import of fish feed cuStoMS BuLLetIN report he federal government has been urged to remove duties on import of fish feed to boost the sector in the country. The members of National Assembly Standing Committee on National Food Security and Research (NFS&R) met under the chairmanship of Member National Assembly Muhammad Shakir Bashir Awan to discuss the issues and challenges faced by the fisheries sector. The Committee also recommended for establishing training institutions in every districts to promote aquaculture and alleviate the poverty from the rural areas of the country. It also suggested to introduce innovative ways of fish farming in spite of conventional farming in order to reduce input cost as well as enhancing farm productivity and profit maximization. Member of the Committee, Captain (R) Muhammad Safdar suggested for establishing a company for the promotion and development of fisheries sector and introducing the short courses for youth in order to create them profitable job opportunities in the profit oriented business. He also called for harvesting the fisheries potential existing in the Northern Areas of the country.
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Federal govt approves Rs 2.5b for ‘Expo Center’ in Peshawar PESHAWAR
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ederal government has approved Rs 2.5 billion to establish a state-of-art expo centre in city. This was informed at the meeting of Executive
Members of KPCCI at Nathia Gali on Monday. The meeting was also attended by leader Businessmen Forum, Senator Ilyas Bilour, Senior Vice President KPCCI, Engr Maqsood Ahmad, Vice President, Haji Iqbal Khan Afridi, former Presidents of KPCCI and members. The federal government, while approving setting up
of Expo Center in Peshawar, has earmarked an amount of Rs. 500 million in Public Sector Development Programme. President KPCCI requested the federal government to forthwith start work over construction of Expo Centre which, he hoped, will improve export from Pakistan to Afghanistan and Central Asian Countries besides en-
hancing commercial activities in Khyber Pakhtunkhwa. Faud Ishaq thanked the Prime Minister, Federal Minister for Commerce, Khurram and Federal Secretary Commerce, for approving funds for construction of Expo center in Peshawar. Establishment of Expo Centre will provide an opportunity to exporters’ community to show case the
products of Khyber Pakhtunkhwa to business community of neighbouring countries and will create job opportunities for the unemployed people of the region. Speaking on the occasion, Senator Ilyas Bilour thanked the federal government for announcing a number of incentives for Khyber Pakhtunkhwa in the annual budget. He also welcomed
decision about setting up of Expo Center in KP and said President KPCCI deserved appreciation for his hard work in this regard. Earlier, Senior Vice President of KPCCI, Engr Maqsood Ahmad presented chamber’s annual budget for the fiscal year 2015-16 which was approved unanimously by the Executive Members.
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he Model of Customs Collectorate Multan has ordered his staff which is deployed at Multan International Airport for Hajj operation to take all possible measure to stop money laundering during Haj operations. Collector Sarfraz Ahmad Warraich have chaired a meeting at the Model of Customs Collectorate Multan Office along with other members including Additional Collector Ghulam Mustafa, Deputy Collector Muteen Alam Multan International Airport, Deputy Collector Anti-smuggling Organization Abdul Muteen for controlling Hajj operations at the Multan International Airport . The agenda of the meeting was to ensure positive performance of staff deployed at the Multan International Airport during Hajj operations and strict monitoring in order to prevent money laundering from Hajj pilgrims. Meanwhile, MULTAN: The Model of Customs Collectorate Multan has sent detailed report of the seized smuggled
foreign origin cloth and dumped import yarn to the Federal Board of Revenue on their demand to discuss various impacts of cloth smuggling. The Federal Board of Revenue have asked the Model of Customs Collectorate Multan to submit the report regarding smuggling of foreign origin cloth for discussing the issues of All Pakistan Textile Mills Association. The Federal Board of Revenue has directed them to submit comprehensive report of smuggling of clothes from the jurisdiction of Model of Customs Collectorate Multan. The Federal Board of Revenue has also directed MCC Multan to submit response immediately against the under invoicing or mis-declaration and smuggling of foreign origin clothes seized by Anti-Smuggling Organization during the last two years. Special Assistant to Prime Minister Haroon Aktar will also examine the level of smuggling of foreign origin clothes to discuss some issues of All Pakistan Textile Mills Association in the meeting and comprehensive report will give them clear view against the under invoicing ,mis-declaration , smuggling
and dumped imported yarn . The committee led by Prime Minister Special Assistant Haroon Akhtar has asked from Federal Board of Revenue to provide them the value of smuggling from all the collectorates of the customs for the resolution of smuggling to examine that how much scale of smuggling of cloth had done in the fiscal year 2013-14 and 2014-15. The Model of Customs Collectorate Multan has seized the Rs 9.83 million of smuggled clothes from their jurisdiction during the anti-smuggling operations throughout the economic year of 201314 and 2014-15 by seizing the smuggled clothes. Anti-Smuggling Organization had seized the smuggled cloth of 97863 yards of fabric cloth in the economic year 2013-14. The total worth of the smuggled seized cloth in the fiscal year was almost Rs 4.71 million in the economic year 2013-14.
lta collector Mu ta ordered his s Mul deployed at l Airp Internationa to n hajj operatio s ea all possible m n lau stop money
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an a ltan port for o take sures to ndering
Wednesday, August 26, 2015
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Founder & Chairman Zulfiqar Ali Editor rahil Yasin editor@customsbulletin.com.pk For advertising & subscription marketing@customsbulletin.com.pk www.customsbulletin.com Phones: 042-35781643-4, Fax: 042-35781645 Address: 627, Siddiq Trade Centre, Gulberg, Lahore
eDItorIAL
Declining trend in exports
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ccording to the Pakistan Economy Watch (PEW), the Board of Investment and Trade Development Authority of Pakistan have become white elephants, as exports are dwindling and investment is slowing down, but the government is in slumber to take notice of the situation and fix the responsibility. PEW chief Dr Murtaza Mughal says that foreign investment in Pakistan has downed by 58.2 percent to $709 million. In contrast, the foreign investment in Sri Lanka is $850 million, in Bangladesh $1.5 billion, in India $3.5 billion and in Ghana $4 billion. The PEW chief adds that instead of increasing, the Pakistani exports have downed by five percent to $23.8 billion in one year while Bangladesh exports have reached $35 billion mark during the same year. On another note, he says that the import bill of the country has reached $45.9 billion, showing a widening trade gap of $22.1 billion. Dr Mughal also says that the prime minister had promised to show the door to inefficient officials, but non-performers and incompetent bureaucrats are still in authority and the situation will not improve unless few heads roll. The grim situation of the economy will discourage foreign direct investment and encourage capital flight from the country. According to the PEW, exports have not dwindled down overnight as misuse of export incentives is also responsible for the situation. The policymakers in Pakistan are obsessed by the GSP plus status granted by the European Union as the government has focused all its attention on the textile sector, ignoring the other sectors of the economy. The organization blames the economic managers for the declining trends of exports, but the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) puts all the blame on power crisis. It links over 17 percent decline in exports during July 2015 to shortages of electricity, gas and water. The stuck-up refund claims of the exporters and the State Bank of Pakistan have aggravated the situation, causing financial crunch in the export oriented industry. According to the chamber, hundreds of industrial units in Punjab have been shut down and others are on the verge of closer. The industries in Karachi have become hostage to the water mafia which has increased cost of production. However, instead of TDAP, the chamber blames the energy crisis and water shortage for declining exports. To arrest the trend of falling exports is a test case for the government.
hostility and economy LAHORE
Dr AFtAB AFZAL
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he world is inching closer to cooperate in trade and investment, but Pakistan and India are going further apart with every passing day. Both the countries have failed to ofQload the burden of history, mistrust and hostilities and have never shied of showing the worst scenario of provocative diplomacy despite international pressure. On its part, Pakistan has always shown its readiness to negotiate with India despite illegal occupation of Kashmir and military intervention in the East Pakistan, inQlicting ir-
reparable loss on Pakistan. While on its part, India has adopted multi-prong strategies to harm the interests of Pakistan and isolate it from the rest of the world. It has never missed a chance to push our “brethren” Islamic country Afghanistan to harbor and implement every evil design against Pakistan. Indian Prime Minister Modi has recently signed a multibillion dollar deal with another socalled brethren country, UAE, to improve infrastructure and launch development projects in India and is pouring and distributing dollars among its agents in Pakistan in the journalism, civil society and political elite. New Delhi now does not need to speak against Pakistan, as its agents are ready to serve its purpose on this land. As the members of Qifth column, the Indian
agent oppose the construction of Kalabagh Dam, fan insurgency in Balochistan and are involved in other anti-Pakistan activities. In a recent development, Indian leaders are thumping their chests on the success of their “silent diplomacy” in isolating Pakistan within the 53-member Commonwealth that represents over 2.2 billion people by inviting the speaker of the occupied Jammu and Kashmir Assembly to the Commonwealth Parliamentary Conference. The conference was scheduled to be held in Islamabad from September 29 to October 8, but Commonwealth countries bowed to the Indian pressure and rejected Pakistan’s appeal to cancel the invitation. In this situation, Pakistan had no option, but to cancel the meeting. The common-
wealth countries have revealed a bitter fact that principles of justice and fair play have little room in their dictionary. The government has taken a right decision on the right time. Kashmir is an international issue and India should not be allowed to hide itself under the lopsided world diplomacy. At a time when various regions in the world are moving closer to form business and economic blocs, the Indian leadership is still living in fool’s paradise and wants a solo flight by ignoring important countries in the region like Pakistan and China. If economy has some importance, the Indian leadership will have to take Qirst step in normalization of relations between the two countries.
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Marvi urges business community to support poor people SIALKOT: Benazir Income Support Programme (BISP) Chairperson Marvi Memon on Thursday said that the PML-N government was striving to rehabilitate the poor, besides urging the business community to come forward to support the marginalised segment of society. She was addressing a meeting of exporters held at the Sialkot Chamber of Commerce and Industry (SCCI).SCCI President Fazal Jillani, Senior Vice President Mir Alamgir Meyer, Vice President Malik Naseer Ahmed and Chairman Pakistan Gloves Manufacturers and Exporters Association (PGMEA) Muhammad Younas were also present. Marvi Memon asked the business community to come forward and provide jobs to the poor in factories after giving them necessary training of advanced skills.
ICCI lauds restoration of GSP Plus program of US for Pakistan he Islamabad Chamber of Commerce and Industry has hailed the restoration of GSP Plus program by the United States for Pakistan and termed it a highly positive development for the economy of Pakistan as it would help in improving country’s exports and reduce trade deficit. US has renewed its GSP program for Pakistan through Dec 31, 2017 effective retrospectively between Aug 1, 2013 and July 28, 2015. Muzzamil Hussain Sabri, president, Islamabad Chamber of Commerce and Industry said that the total volume of US procurement was around $1.7 trillion and restoration of GSP Plus has created a good opportunity for Pakistani exporters to get better penetration in the huge US market. He said after the grant of GSP Plus by the European Union, Pakistani exports to EU have increased by 21 percent and added that the concession of duty-free access to US market have created fresh prospects for further boosting our exports.
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Indus Motors holds bloggers meeting ndus Motor Company held a meeting aimed at engaging bloggers at its facility at Port Qasim. The day-long event, held at the company’s head office and plant located at Port Qasim, aimed to engage bloggers with first-hand, end-to-end experience of Toyota’s presence in Pakistan. The bloggers were briefed on various aspects of the organization, such as the elaborate safety protocols in place. The participants were given a detailed presentation on Toyota’s history and how it became the largest automaker on the planet. Regarding Toyota’s presence in Pakistan, the participants were briefed on the history as well as the past, present and future aspirations of the organization.
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Wednesday August 26, 2015
Chambers
Special economic Zones must to strengthen pakistan’s economy LAHORE
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he establishment of Special Economic Zones (SEZs) in Pakistan will strengthen the industrial base, besides protecting the national economy from global Qinancial recessions and enable the government to utilize its resources at the targeted industrial areas. Pakistan is in dire need of maximum Special Economic Zones to get rid of the economic challenges being faced by the country since decades. These views were shared by speakers here at a seminar on “Special Economic Zones in Pakistan” here at the Lahore Chamber of Commerce and Industry (LCCI) on Monday. The seminar was jointly organized by the LCCI and Board of Investment. The LCCI President Ijaz A. Mumtaz, Senior Vice President Mian Nauman Kabir, Secretary Board of Investment Syed Iftikhar Hussain Babar, Chairman Punjab
Board of Investment and Trade (PBIT), Abdul Basit, Additional Secretary BOI, Raania Ahsan spoke on the occasion and shared their experiences with the participants of the seminar. The LCCI President Ijaz A. Mumtaz said that SEZs were the urgent need of the hour. He said that Pakistan was losing the process of industrialization on consistent basis, adding that “We have to take certain steps to divert investments to
industrial sector. There is a dire need to have a speciQic industrial policy to encourage the private sector representatives to start vigorous industrialization. It will surely help to a great deal in generating employment opportunities.” He said that there is no doubt that with the establishment of SEZs all across the major industrial areas in the country, the present pace of economic development can be enhanced
Saarc chamber urges S Asian govts to simplify visa procedure
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ith the aim to boost intraregional capital Qlows in South Asia, the Saarc Chamber of Commerce and Industry has urged the governments to simplifying visa regime, liberalize banking procedures and fast-track customs clearance. Quoting global trade statistics the Saarc CCI vice president Iftikhar Malik said that volume of trade between Saarc states and the rest of the world is increasing and intraregional trade remains far below its potential. So, it is the need for gradual reduction and eventual elimination of tariffs, para-tariffs and nontariff barriers so as to allow freer trade amongst the Saarc states.
He said that a good starting point for this could be the simpliQication of procedures for the issuance of Safta CertiQicates of Origin. Work on the sensitive lists should be aimed at gradually phasing out these lists. We have to evolve a mechanism to incentivise formal trade among the Saarc member countries, he added. He said that given the size of the population of Saarc countries, it is imperative that our policies promote inclusive growth as promotion of peace in the region is equally important. Meanwhile, Gohar Ejaz group has made clean sweep in All Pakistan Textile Mills Association (APTMA) annual elections as no nomination papers were Qiled against the candidates. Amir Fayyaz has been elected as Punjab Chairman, Syed Ali Ahsan as Senior Vice Chairman, Adil Bashir as Vice Chairman and Ali Pervez as
Treasurer of Punjab Zone. Aamir Fayyaz, Chairman-elect for Punjab, is the grandson of an APTMA founder member. The association was established sixty years ago. He is the third generation Chairman heading the premier textile industry association. APTMA Spokesman Aneesul Haq said the respect, which the Gohar Ejaz group commands in the APTMA general body, could be gauged from the fact that the opposition could not even Qile a single member against the Gohar Ejaz panel of 24 members. It is worth mentioning here that the Gohar Ejaz group had won all the 24 seats against the stalwarts. Since then, the group has maintained 24-0 under Ejaz’s leadership and almost 90 percent of the members fully support the policies and strategies of the group.
to achieve the desired results. He said that the direct beneQits or incentives promised under SEZ Act are good enough to motivate the investors to show interests. The exemption of customs duties and other taxes for importing capital goods to be installed in these SEZs and all kind of taxes on income for ten years seem attractive and inspiring but government should simultaneously take other important steps. Mumtaz said that the organizations like BOI and PBIT should improve the operating environment for private investments. Let’s promote the diversiQication of industrial production so that new businesses may be introduced in addition to the conventional businesses. Secretary Board of Investment Syed Iftikhar Hussain Babar said that in different countries all over the world, SEZs have contributed towards national economies. He said that phenomenal growth has been recorded in China, India, Thailand and Malaysia because of them. He said that the present regime has adopted the policies of privatization, liberalization and deregulation of economy in Pakistan.
Govt urged to encourage SMEs to boost economy he government should take measures to help boost the small and medium enterprises (SMEs), which has potential to develop economy with less investment. United International Group Chairman Mian Shahid said that SME is very important sector facing issues like branding, access to the markets, -commerce, online trading, research and financing which should be tackled at the earliest. He said that there are 3.2m registered SMEs in Pakistan with 40pc share in GDP and 46.5pc share in exports while countless are unregistered. Among the registered SMEs, 65 percent are in Punjab, 18 percent are in Sindh, 14 percent are in Khyber Pakhtunkhwa and 2 percent are operating in Balochistan.
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Federal agents nab two smugglers Wednesday August 26, 2015
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SAN DIEGO: Federal agents staffing freeway checkpoints in Dulzura and San Onofre over the weekend caught motorists transporting similar loads of methamphetamine in the gas tanks of their vehicles, authorities reported here the other day. About 8 a.m. Saturday, a 23-year-old man drove into an inspection station on state Route 94 in a Toyota Camry, according to the U.S. Border Patrol. After a service dog detected contraband in the car, officers conducted a thorough search of it, finding 30 packages of narcotics weighing a total of roughly 72 pounds. The stash would have been worth about $720,000 in street sales.
Vietnam customs seizes 94 smuggled guns from flight ANKARA
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ustoms officers at Tan Son Nhat International Airport in Ho Chi Minh City discovered Friday a huge amount of weapons smuggled into the country from Turkey. These weapons include 94 military handguns and 472 magazines hidden complicatedly on a Qlight from Turkey, in what could be the Qirst ever large-scale weapon smuggling case by air in the city, according to ofQicers. The airport customs, in conjunction with the Ministry of Public Security’s General Economic Security Department and other units, launched an unexpected inspection into the plane and discover the illicit Qirearms. These arms and ammunition
utV confirms talks to sell tV business he media company UTV has confirmed it is in talks that could lead to the sale of its television business. UTV has operated a television station in Northern Ireland since 1959 and has other television and radio operations in the UK and Republic of Ireland. UTV broadcasts many of Northern Ireland’s most watched programmes. Ulster Unionist Party leader Mike Nesbitt, a former news presenter at UTV, said the company’s move had “the whiff of surrender”. The company expanded into television in the Republic of Ireland in January this year but it has struggled to find an audience. UTV Ireland is expected to lose almost £12m this year.
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originated from the Czech Republic, inspectors said. The Ho Chi Minh City Customs Department and General Economic
Security Department are investigating the case, which they said seriously affects the country’s national security and social order and safety.
Chinese Customs seizes 300 tons of seafood in“Icebreaking”operation
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nder the direction of the Antismuggling Bureau of the General Administration of Customs and Guangdong Sub-Administration, Huangpu Customs District mounted an operation codenamed “Icebreaking” to crack down on the smuggling of seafood a few days ago. 21 smuggling gangs that were active in the smuggling activities in Guangdong province, Beijing Municipality, Zhejiang and Hubei province were smashed in the operation. 37 suspects and approximately 300 tons of
seafood of various kinds were seized in the case which involved a value of RMB 3.1 billion. Meanwhile, AIR China announced it would launch four new Asian routes in October, connecting Beijing to more destinations in south and southeast Asia. The BeijingMumbai, India, route will be launched on Oct. 25, with four Qlights every week. On the same day, Qlights will also begin connecting Beijing with Kuala Lumpur, Malaysia, with four Qlights every week.
Australia Fortescue suffers 88% fall in profit as iron ore prices slump F
ortescue Metals Group is taking a bullish view of China’s economic prospects even as the Australian miner reported an 88 per cent fall in proQits amid a steep slide in iron ore prices. Along with fellow mining group South32, Fortescue on Monday outlined plans to slash costs and capital expenditure to ride out steep falls in commodity prices, which reQlect slowing growth in China. BHP Billiton is also expected to outline cost cuts when it reports annual results on Tuesday. “We remain conQident in our own competitiveness and the strong fundamentals of the Chinese market,” said Andrew Forrest, Fortescue’s chairman and owner of a third of the company’s shares. He said Chinese growth remained strong and government stimulus, including a US$140bn “Belt & Road” infrastructure plan, would drive demand for steel for decades to come. However, Mr Forrest took another swipe at industry leaders BHP, Rio Tinto and Vale for ramping up production at a time of oversupply
in the iron ore market, likening this policy to “market vandalism”. Shares in Fortescue fell 14.6 per cent to A$1.64 on Monday in a broader market that fell 4.1 per cent, rattled by a rout in China equities. The market capitalisation of the company, which has net debt of US$7.2bn, has shrunk to A$5bn from more than A$20bn at the peak of the commodity boom in 2011. Fortescue is almost entirely dependent on Chinese demand for iron ore. A surge in iron ore production and China’s cooling economy have sapped demand for iron ore and steel, sending prices to a seven-year low in July. The miner said net proQit after tax fell 88 per cent to US$316m for the 12 months to the end of June, from US$2.74bn a year earlier. That was shy of analyst expectations of US$416.8m, and raised some worries over the company’s ability to repay its debts. South32, spun out of BHP in May, is not reliant on a single commodity as is Fortescue, and is much less dependant on China, which is responsible for about 11 per cent of its total sales.
canadian dollar sinks low against uS currency
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he Canadian dollar sank to an 11-year low against the U.S. dollar, a casualty of the turmoil in stock markets and the continued rout in commodity prices. The loonie stood at 75.27 US cents by the close of trading, down half a cent on the day. The last time it closed below 76 cents was Aug. 4, but today’s dive took it lower than it’s been since Au-
gust 2004. The prospects for the dollar aren’t good in the weeks ahead, especially if the U.S. decides to raise rates, said personal Qinance expert Rubina Ahmed-Haq. “Their U.S. dollar continues to get stronger and stronger with better economic news, which indicates they might raise rates in September and that could mean a lower dollar … going forward,” she said.
turkish customs seizes 15,000 cartons of poultry products
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ANKARA
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he Ogun State Command of the Nigeria Customs Service has seized 15,782 cartons of frozen poultry product. The Customs Area Controller, Ogun State Command, Comptroller Haruna Ma-
mudu, who said this in Abeokuta, the state capital, added that the Qigure represented three week’s seizures. He said about 3,155 cartons of frozen turkey worth about N16.7m were conQiscated at the Idiroko border area during the week. The comptroller added that the total market value of the 15, 782
cartons of frozen poultry product was about N63.1m. Mamudu explained that the seizure was the proof that the command had closed in on smugglers, especially at the border towns of Imeko and Ihunbo. He added that the seizure was also the outcome of ‘Operation Hawk Descend’ inaugurated on July
7 by the Comptroller- General of the Nigeria Customs Service, Abdullahi Dikko Inde, at the Seme border to check the movement of contrabands into the country. Mamudu explained that the cartons that were seized during the week were concealed inside false compartments built inside five trucks.
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South Korea’s terms of trade continue to rise in July SEOUL: South Korea’s terms of trade continued to rise in July as import prices declined more sharply compared with export prices, data showed Monday. The country’s net terms-of-trade index for goods climbed 11.9 percent onyear to 99.83 in July, slightly slowing from a 12 percent increase in June but still rising for the 11th straight month, according to the preliminary data by the Bank of Korea (BOK). The index gauges the quantity of imports that can be purchased through the sale of a single unit of exports. The base year, set in 2013, is 2010, with a benchmark of 100.
Steelhead LNg signs agreement with Malahat First Nation teelhead LNG Corp. has inked a Mutual Benefits Agreement (MBA) and Long-Term Lease with the Malahat First Nation supporting the proposed development of Malahat LNG, a liquefied natural gas (LNG) facility to be situated on the shoreline of Malahat Nation-owned land, 8 kilometres south of Mill Bay on Vancouver Island. The proposed facility, expected to have a capacity of up to 6 million tonnes per annum (mtpa), would include floating liquefaction facilities moored to the shoreline and minor supporting land-based infrastructure. “As a BC-based LNG development company, we are committed to early engagement with First Nations and getting things right. That is why our first step over the past 13 months was to develop a close working relationship with the Malahat Nation based on trust and respect.
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China’s Cosco, CSG extend trading halt on Shangai-listed units hina’s two leading shipping conglomerates, Cosco Group and China Shipping Group (CSG), have announced that the shares trading for their Shanghai-listed units will continue to be suspended, pending a major announcement. The much anticipated announcement is likely to related to the potential merger of the two state-owned shipping groups, as they have mentioned that the matter is related to the two companies. Trading of the Shanghailisted units of Cosco and CSG have been suspended since 10 August, and the trading suspension was first extended on 17 August, before the second extension starting 24 August. The potential merger of Cosco and CSG, if materialised, is part of China’s plans to restructure its state-owned enterprises, not just in shipping but other industry sectors as well.
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Ports & Shipping
Wednesday August 26, 2015
hong kong port throughput falls 9.5% to 1.75m teu in July HONG KONG
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he pace of the falls in container volumes at the Port of Hong Kong seems at least to have slowed a little in July, with a 9.5% fall in throughput to 1.75m teu compared to the 12.9% fall in volumes the month before. However, looking at the raw Qigures, this is cold comfort as the drop is off an already low base of 1.93m teu in July 2014, a level it has since slid from to current levels. At the main Kwai Tsing terminals, volumes fell 13.3% to 1.35m teu from 1.50m teu previously, while at the non-Kwai Tsing and midstream terminals, throughput actually rose
6.4% to 400,000 teu. For the year-to-date, the grim outlook continues, with overall volumes down 9.1% to 11.94m teu while at the Kwai Tsing terminals through-
put has fallen off 11.3% to 9.33m teu. At this rate, with little optimism for a good high season, the port looks set for a steep, possibly double digit fall in throughput for the year.
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Maersk’s Svitzer plans to foothold in AMEA
aersk’s towage specialist Svitzer is planning to secure greater foothold in two strategic markets in Asia, Middle East and Africa (AMEA) and Americas, the company said.Both regions are of smaller weight in Svitzer’s portfolio, but have substantial growth opportunities. The AMEA region today covers a huge geographical area from the Russia PaciQic Coast to West Africa. “We have therefore decided, from October 1, to create two focused regions covering this area: MEA – covering Middle East and Africa including the Indian Subcontinent and Sri Lanka, and Asia – covering Bangladesh in the West to Japan in the East and Russia in the North to Indonesia in the South,” the company said in an announcement. ” Our strategic objective is to accelerate growth outside Europe and Australia. The increased focus will bring us even closer to existing and new customers in Africa, Middle East and Asia and provide a platform for our safe, reliable and efQicient towage solutions.
Malaysia in talks with china to implement e-port system KUALA LUMPUR
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alaysia is holding talks with China to implement the e-port system, said Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan. The system was proposed by China and Malaysia was keen to be part of it. “We feel the idea is very good to cut down on red tape among participating countries. “We hope the important details can be sorted out by next year,” he said after presenting appointment certificates to speakers of MCA political school in Wisma MCA here yesterday. Amongst others, the system involved paperless submission and other improvements which would have to be agreed upon by participating countries and standardised. “Similar to a bar code before boarding a flight, one just needs to scan it at the point of entry. “Electronic inspections can be carried out through the surveillance system on both sides,” he said. Ong said all necessary documents would be received by the authorities well before arrival to ensure a smoother clearance process. He said major ports such as Port Klang, Penang and Johor could adopt the system first before it was implemented nationwide.
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Worldwide 4K LCD TV panel shipments rise 61% in 2Q15
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orldwide Ultra HD (4K) LCD TV panel shipment volume grew 60.8% sequentially in the second quarter of 2015, reaching around 9.2 million units, according to MIC. Korea vendors’ shipment share rose to 61% from 54%, with ship-
ment volume growing 80% sequentially. Samsung Display enjoyed the highest sequential growth at 105% with 3.3 million shipment volume, enlarging its gap with LG Display and becoming the world’s number one panel vendor for 4K LCD TVs. The majority of Samsung’s shipped panels were 55- and 48-inch, together accounting for 70% of its total shipments, followed by 40-inch panels at 20%. “The signiQicant
growth can be attributed to changes in the company’s pricing strategies for 4K TVs,” said Brian Chen, senior industry analyst with MIC. “In the past, Samsung positioned 4K TVs as high-end products, hence a higher price than other brands. To enhance their shipment volume and market share, Samsung has lowered the prices of 4K TVs, leading to a significant increase in TV sales performance and thus panel shipments.”
LG has successfully increased its panel shipment volume with the launch of RGBW M+ 4K panels and has expanded its target market from China to worldwide. LG’s 4K panel shipments in 2015 are expected to beneQit from the increased adoption of M+ 4K2K panels. To differentiate themselves from others, Taiwan panel vendors have focused on 50inch panel shipments, accounting for 46% of Taiwan 4K panel shipments.
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Oman police seize 3,000 illegal cigarettes shipment MUSCAT: A total 3,000 counterfeit cigarette boxes were seized by the Royal Oman Police in raids on several locations. The Investigation and Risk Assessment team, affiliated to the Sohar Industrial Port Customs of the Directorate of Customs, and the North Al Batinah Royal Oman Police, in co-ordination with the Public Prosecution, raided locations in Huwail area in Saham Wilayat and seized 3,000 counterfeit cigarette packets and as many as 100 kilogrammes of chewing tobacco.
Wednesday, August 26, 2015
CUSTOMS BULLETIN
Rawalpindi Customs Intelligence shows 91pc growth in anti-smuggling activities in FY2014-15 ISLAMABAD
ShAhID MINhAS
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irectorate of Investigation and Intelligence Rawalpindi has showed 91 percent growth in wake of seizure of smuggled items during last Qiscal year 2014-15 over preceding year 2013-14. This was stated by Deputy Director Customs Intelligence Rawalpindi, Shahid Jan, while talking to Customs Today. He said that the smuggled items valued at Rs 42 million were seized during the said period, while last year contraband items worth Rs 19 million were conQiscated. During year 2014-15, 48 First Investigation Reports (FIRs) were registered against the smugglers marking 36 percent growth, while 23 FIRs were registered in the year 2013-14, he added. He further said, “We arrested 14 accused on the charges of smuggling during the year 2014-15 and 19 accused in the past year.” Jan said “our department is taking effective measures in current Qiscal year 2015-16 to fail the smuggling attempts in the region in order to save the national exchequer as
well as local business community.” He also added that department was also taking strict steps against
the corrupt ofQicial as Federal Board of Revenue (FBR) has suspended three ofQicial including Superinten-
dent Ghulam Ishaq Kiyani, Deputy Superintendent Atta-ur-Rehman and another BS-16 ofQicial Abdul
Hafeez those cleared six containers through mis-declartion which were seized by Customs Intelligence later.
KP NAB recovers 5kg gold from ANP leader’s house N
PESHAWAR
NADIr khAN
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ational Accountability Bureau of Khyber Pakhtunkhwa (NAB-KPK) has claimed to recover almost 5 kilogram gold from the house of Awami National Party’s leader Masoom Shah, known as SMS. As per details, NAB on August 11, 2015 arrested accused Syed Masoom Shah which was also special assistant to exChief Minister KPK Amir Haider Hoti on the allegation of corruption and malpractice. Furthermore, the accused Shah pos-
sessed huge bank balance in local and foreign bank accounts and owned precious vehicles. The accused and his family members frequently visited abroad and spent millions of rupees. He also has numbers of property including a house on 12 Kanal land in his village Battagram District, two plots in Hayatabad, two plots in Regi Model Town, two plots in DHA Karachi, a house at Tulip Road Bahria Town Rawalpindi, one kanal house in Zaryab Colony Peshawar, three kanal precious land in Tehkal Bala Peshawar, one Kanal land at Warsak Road Peshawar. Following his arrest, the accused was presented before the Accountability Court
where he was handed over to NAB authorities for interrogation. During the interrogation, the accused Masoom Shah revealed that he has got illegal asset in the shape of gold and on his pointation NAB recovered gold from his house. Meanwhile, Director General NAB Khyber Pakhtunkhwa Shahzad Saleem has asked public and private universities of Khyber Pakhtunkhwa to keep eye on malpractices and ensure transparency in their system in order to thwart corruption. He said, NAB (KP) has received several complaints regarding public and private universities alleging that blatant violation of rules and regulations have been committed in recruitment, procurement of dif-
ferent items and services, examination, scholarships, research and publication etc. DG NAB Khyber Pakhtunkhwa asked all vice chancellors and registrars of public and private universities to ensure the good governance and transparency in their system in order to weed out corruption. This, he said while addressing during a conference held at NAB Khyber Pakhtunkhwa. The meeting was also attended by Senior Officers of NAB Peshawar. It merits to mention here that National Accountability Bureau Khyber Pakhtunkhwa is conducting series of inquiries against several Public and Private Universities of Khyber Pakhtunkhwa.
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