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PakISTaN’S fIRST INDEPTh NEwSPaPER ON CUSTOMS

Daily

Vol 1 Issue No. 316

Karachi, Sat March 26, 2016

KARACHI

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ax recovery through freezing bank accounts of companies was not correct, said Member Inland Revenue (Policy) Rehmatullah Wazir Khan.

The Member, while addressing a meeting with members of Pakistan Hosiery Manufacturers Association (PHMA), said that massive tax reforms were needed to improve tax collection in the country. He said

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that people in Pakistan despite living a better life then Indians paid very few taxes compared to the neighbouring country.

Rehmatullah Wazir said in case excess amount was retrieved mistakenly, it should be refunded immediately. He expressed concerns on 14.4 percent decline in exports and said that besides paying refunds, the cost of doing business should be reduced to increase the exports. The member said refund claims up to Rs5 million would be disbursed this month. He said tax on real estate investment was under consideration for the upcoming budget.

LEAs co-op, modern tech to help curb smuggling: Collector Arslan

Collector Javaid issues show-cause notice to Kinjhar International

Minister for action against manufacturers of substandard items

Multan Customs collects Rs 11,275.387m taxes till March 22

Uzbekistan keen to strengthen trade ties with Pakistan: Envoy

By adopting modern techniques and developing coordination with LEAs | SEE PagE 02 |

Collector, of Customs Adjudication-II, Ch Javaid has issued a show-cause notice | SEE PagE 03 |

PCSIR has been asked to take action against the manufacturers who producing | SEE PagE 04 |

The Customs Collectorate has generated Rs 11,275.387m so far in wake of taxes | SEE PagE 12 |

The Ambassador of Uzbekistan to Pakistan Furqat has asked the Sialkot | SEE PagE 09 |

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IHC directs ATIR to decide Rs 2.8 m ‘tax evasion’ case with 60 days Saturday, March 26, 2016

National

ISLAMABAD: The Islamabad High Court (IHC) has directed the Appellate Tribunal Inland Revenue (ATIR) to decide the appeal filed by M/s Dowell Schlumberger (Western) SA (Private) Limited within 60 days. Justice Aamer Farooq issued these directives while concluding the hearing of tax reference, in which the appellant had challenged the demand of about Rs 2.8 million on June 11, 2014 for the tax year 2011-12 under the provisions of the Federal Excise Duty Act, 2005. The Federal Board of Revenue (FBR), Deputy Commissioner Inland Revenue Large Taxpayers Unit, Islamabad, Commissioner (Appeals) and ATIR were made respondents in the case.

LEas help, modern techniques to curb smuggling: Collector arslan

Customs Court issues non-bailable warrants for alleged cell phone smuggler LAHORE

M IMRaN MEhaR

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y adopting modern techniques and developing coordination with law enforcement agencies (LEAs) to curb the smuggling in country, the revenue generation in shape of customs duty can be increased by four times.

This was stated by Model Customs Collectorate Collector Arslan Subuctagaen during an interview with Customs Today, adding that Islamabad Customs has inked agreement with the law enforcement agencies i.e. local police, motorway police and National Highway Authority (NHA) to tighten noose around smugglers.

In this regard, a wireless control room has been developed to have direct communication to make liaison among motorway police, NHA and customs ofRicials, he informed.

The ofRicials of motorway police and NHA through this system could inform the customs ofRicials directly, if they found any movement of allegedly smuggled items on the roads, he said.

To curb the smuggling in region, a high-level meeting was held in Islamabad, where Islamabad Customs collector, Rawalpindi-Islamabad DIG and Motorway Police DIG were presented. All top ofRicials discussed the matters aiming at eliminating the

he Special Court of Customs Taxation and Anti-Smuggling has issued non-bailable arrest warrants for a suspect, Irfan Aziz, who is allegedly involved in a cell phones smuggling case. The accused was arrested from Multan airport when he was trying to smuggle 1,000 cell phones of assorted brands into Pakistan from Bangkok by evading the duty and taxes to the tune of Rs 2.4 million. The value of the cell phones was estimated at Rs 14 million. Sources told Customs Today that the accused is wanted by customs authorities of Multan for interrogation but he was not coordinating on which the Investigation and Prosecution (I&P) moved the court for getting arrest warrants against the accused. Now, the court has issued non-bailabale arrest warrants against the accused person.

FIR was also lodged against Irfan Nazir under Section 2 (s), 156, (1) 8 and 157 of the Customs Act, 1969.

Meanwhile, The Special Federal Court of Customs Taxation and Anti-Smuggling has approved the bail plea of three suspects who were arrested from Sialkot International Airport on March 1.

menace of smuggling and tax evasion and agreed on conducting joint action. They also signed an agreement in this regard.

During recently launched antismuggling campaign from February 17 to March 17, the Islamabad Customs conRiscated various smuggled items worth Rs 102.164, the collected revealed. He further said the only entrance point from Khyber Pakhtunkhawa to Islamabad was called base point 26 (26 number chungi), where a strong vigilance

was maintained resultantly seizing the non-duty paid items, including cloth, black tea, tyres and tubes, auto parts, food grains, cigarettes, electronic goods, mobile phones and accessories, electronic goods, soft drinks and blankets.

Collector Arslan said that the department was focusing on solving the pending cases in order to facilitate the exporters, adding that a big number of cases were solved till the end of December, 2015.

The Islamabad Chamber of Com-

merce and Industry (ICCI) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have assured of their fully cooperation to the Islamabad Custom to boost the revenue of country, he said By the end of June, 2016, the Islamabad Customs will shift 90 percent of its manual data regarding imports and exports on new Web Based One Customs (WeBOC) software, which will not only facilitate the users but also bring efRiciency in ofRicial work, he said.

Renault, Nissan to establish plants in Pakistan soon M

ISLAMABAD

M faIZaN

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inister of State and Board of Investment (BoI) Chairman Miftah Ismail has said that 10 percent waiver of customs duty from 800CC to 1800CC vehicles will be only for two years that will be started from July 1, 2016 to June 30, 2018. During an exclusive interview with Customs Today, Miftah Ismail said that concessions of customs

duty on auto parts will be for Rive years. He said that the government has decided to decrease duty on motorcycles from 65 percent to 50 percent for Rive years. He said that Pakistan will be able to produce 350,000 vehicles, 2,500,000 motorcycles, 88,000 tractors, 79,000 light commercial vehicles till 2021.

Answering a question, Miftah Ismail said that the government has announced to increase the share of auto industry from 2.3 percent to 3.8 percent, while in manufacturing

sector the government increased share from 22 percent to 30 percent. He said Dewan Motors is engaged in talks with their Korean counterparts to restore their plant.

He sad most of companies which are operating in Pakistan are vehicle assemble, they are not car manufacturing companies. He said that a common citizen will deRinitely get beneRits after announcement of new auto policy. He hoped that now consumers can witness slight increase in sale of cars.

He was disagreed with the question that there is competition between Honda and Toyota. He said that there is always difference of atleast Rs 2,00,000 in prices of Toyota and Honda. He said government held successful talks with Renault and Nissan and both of these companies are agreed to establish their plants in Pakistan.

Miftah Ismail said that he himself is going to Italy in near future to hold talks with some car companies. He said Nissan is going to in-

troduce new vehicle “Nisan Datsun.”. He said new brands of cars ranging from 800CC to 1800CC will be introduced. He said government will welcome any company who wants to make investment in Pakistan. He said beside Japan, government is already in talks with other companies. He said we are advising all these comanies to establish their plants also transfer the technology.

He said now there are 1,55,000 vehicles are being manufactured in Pakistan annually.

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Customs Court seeks interim challan of alcohol smuggling case LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has asked the investigation and prosecution authorities to complete interim challan of the suspect involved in alcohol smuggling case.

According to sources of Customs Today smuggler Yar Muhammad Yari was booked by the Chenab Rangers while he was making an attempt to smuggle Indian alcohol at Muradkay village near Kasur. Rangers mobile team was on routine patrolling across the border while they noticed some suspicious activity on international border and intercepted a smuggler. The smuggler started retaliation with mobile team.

Saturday March 26, 2016

National

additional Collector Saima aftab issues two ONOs in favour of Customs

Collector Javaid issues show-cause notice to kinjhar International

FAISALABAD

NaEEM ShEIkh

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dditional Collector Adjudication Saima Aftab has issued two Orders-in-Origin (ONOs) in favour of the Customs Intelligence. Sources informed Customs Today that one ONO was issued in favour of the Customs Intelligence and Investigations while the other was issued in favour of the Field Intelligence Unit (FIU) Khushab. A Customs team intercepted a nonduty paid truck bearing registration No. TKB-225 (Sibi) and recovered a foreign origin generator worth Rs 3 million. During the case proceedings, it was proved that Hino truck and 150-KVA generator were brought into the country.

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Sialkot, gujranwala RTOs facing shortage of staff SIALKOT

ZafaR MaLIk

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he RTOs in Gujranwala and Sialkot are still facing shortage of staff as around 300 posts are lying vacant since long. Sources told Customs Today that the employees are facing burden of work and it seems to be very difficult that they will meet the target for the financial year 2016-17. Sources said that the FBR has allocated 755 seats in both the offices. However, out of the 565 seats in the Income Tax Department, 125 seats are vacant. In Income Tax Department, two seats of commissioners, five seats of additional commissioners, eight seats of deputy commissioners, 28 seats of inspectors, seven seats of Inland Revenue officers, eight seats of steno typists, three seats of office superintendents, two seats of DEOs, 20 seats of upper division clerks.

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KARACHI

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ollector, Collectorate of Customs Adjudication-II, Chaudhary Muhammad Javaid has issued a show-cause notice to M/s Kinjhar International for Rs 200,000 evasion of taxes, duties on import of outdoor LED Rloodlights, projector lamps and LED streetlights by availing undue beneRits of Rifth and sixth schedule.

As per details, the PCA, while auditing import data, found that importer M/s Kinjhar International imported declared to be “Outdoor LED Rloodlights, projector lamp and outdoor LED streetlights” through Customs Appraisement West, and claimed the beneRits of Rifth schedule, sixth schedule.

The sources said that the exemptions are only available to SMD, LEDs with or without ballast with Rittings and Rixtures for promotion of the renewable energy technologies as per notiRication mentioned above. Whereas, clause 77 part-IV Second Schedule of Income Tax Ordinance, 2001 is more restrictive and allows exemption to items with dedicated use of renewable source of energy which includes sources like solar and wind power only.

The examination staff in their examination report has not conRirmed that the imported LED Lights are for solar use. It appears from the examination report that the imported

items are for general use as these are operative / works under the normal thermal / hydral power sources normally used in Pakistan.

The images scanned by the examination staff and examination report shows goods are operative at voltage as 85 – 265 volts, which is the standard voltage of 240 volts used in Pakistan produced by hydra / fuel based power. It is an undeniable proof that the imported goods are not meant for to work / operate with the renewable

as per details, the PCa, while auditing import data, found that importer M/s kinjhar International imported declared to be “Outdoor LED floodlights, projector lamp and outdoor LED streetlights” through Customs appraisement west, and claimed the benefits of fifth schedule, sixth schedule

Quetta Customs foils bid to smuggle vehicles KARACHI

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irectorate of Customs Intelligence and Investigation authorities foiled an attempt to smuggle three non-duty paid vehicles to Afghanistan and also impounded two chassis frames.

Sources informed Customs Today that customs authorities received credible information that an at-

tempt will be made to smuggle nonduty paid vehicles to Afghanistan, after which he immediately constituted a raiding party. The customs team intercepted a Mazda truck and asked the driver of these vehicle to produce legal documents regarding possession of vehicles. It was revealed during checking that all the documents of vehicles are forge.

Customs team also seized two chassis and arrested two accused persons. Meanwhile, The Gwadar Customs authorities have recovered

18,000 liters of smuggled Iranian diesel during a crackdown and arrested the driver of the vehicle.

Sources informed Customs Today that a Customs teams intercepted a truck near Jewani area and recovered 18,000 liters of Iranian diesel.

Sources said that the diesel was being transported for different petrol pumps while the market value of the seized Iranian diesel is Rs 1 million.

Sources said that the market value of oil tanker is Rs 5 million in which the smuggle diesel was loaded.

energy sources like solar energy or wind energy. Further it transpires that the imported goods operate on alternating current (AC) voltage rather than on direct current (DC) which is used / and operate in the renewable energy technologies. Therefore, the concessions under the claimed notiRications are not available to the subject imports. Therefore, importer M/s Kinjhar International, Karachi, has been called upon to show cause notice to justify their position.

LTBa elections 2016-17 will be held on March 26 he Lahore Tax Bar Association (LTBA) elections for the year 2016-17 are going to be held on March 26, 2016 in which tough contest is being expected between Zia Rizvi Group and Democratic Group.

As many as 3,000 tax law practitioners are expected to use their right to vote. Timing for the polling has been announced from 9am to 5pm.

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Rouhani’s visit to strengthen bilateral ties: IPR Saturday, March 26, 2016

Business

LAHORE: A well-known economic watchdog of the country has said that the visit of Iranian president must be given importance as it will strengthen the bilateral relations. According to an Institute for Policy Reforms (IPR), the two countries can significantly contribute to peace, stability, and prosperity in the region. The brief, written by Ambassador Ashraf Jehangir Qazi, asserts that Pakistan must prioritise its “own national interests above those of foreign patrons”. Several factors have prevented the relationship from growing into a strong strategic and economic partnership, according to the brief.

PSX rebounds with 75 points gain KARACHI

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fter witnessing Rluctuation whole the day, the Pakistan Stock Exchange (PSX) closed positive adding 74.67 points to take the tally to 32876.55 points level on Friday.

The stocks recorded the highest trading level of 32906.98 points and lowest level of 32777.11 points, with the volume of 109.22 million shares, having about Rs5 billion value. As many as 293 companies were active; of which 134 advanced, 134 declined and 25 remained unchanged. Oil & gas marketing companies banks was

SBP revises guidelines for export procedure ISLAMABAD

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he SBP has reviewed the guidelines related to retention period of export proceeds and allowed banks to buy foreign exchange if an exporter fails to conclude transaction. The central bank revised the procedure under Foreign Exchange Manual–2002 to ensure effective implementation of the instructions contained in the manual. According to revised guidelines, the SBP said that it is permissible for exporters to retain the export.

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the top traded sector with 16,996,100 volume, while auto assembling remained second with 15,155,650 vol-

ume. The three top traded companies were Sui North Gas with a volume of 11,327,000 and price per share of

25.47 (0.33), Dewan Motors with a volume 7,866,500 of price per share of 9.25 (-0.64), TRG Pak Ltd with a volume 5,721,000 of price per share of 27.00 (-0.35). The top three gainers were Nestle Pak with price per share 6700 (300), Unilever Foods with price per share of 5300 (200) and Philip Morris Pak price per share of 1809 (52.25). The top three losers were Island Textile with price per share of 724 (-35.99), Colgate Palmo with price per share of 1460 (-29.99) and Service Ind.Ltd per share of 840 (-24). Earlier, the Pakistan Stock Exchange started trading with positive note as the benchmark KSE-100 gained 51 points to reach 32852.77 points level in early trading. The PSX remained almost Rlat till midday and lost -1.04 points to reach 32800.84 points level.

Pakistan wants to enhance economic ties with US: PM tells envoy ISLAMABAD

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akistan wants to enhance economic relationship with the United States, said Prime Minister Nawaz Sharif, while talking to US Ambassador to Pakistan David Hale. The prime minister said that the decisions agreed during his visit to the US have generated a new momentum in steering the bilateral relations forward, adding, “Pakistan is desirous of bringing greater depth

and economic substance to its relationship with the US.” Sharif said Pak-US Strategic Dialogue has been instrumental in identifying the achievements made so far and setting new targets under six working groups of the dialogue. He said that Pakistan has a vital stake in peace, stability and development in Afghanistan and is engaged in sincere and consistent efforts for promoting reconciliation through an Afghan-owned and Afghan-led peace process. David Hale appreciated the efforts of Pakistan to restore peace in Afghanistan and said that initiatives

including the quadrilateral arrangement will prove signiRicantly beneRicial in bringing peace to Afghanistan.

Meanwhile, The oil import into the country decreased by around 38 percent during Rirst eight months (JulyFebruary) of the current Rinancial year due to plunging prices of the commodity in international market.

According to the latest data of Pakistan Bureau of Statistics (PBS), the country spent $5.1 billion on importing oil products during July-February period of Rinancial year 2015-16 as against $8.2 billion in the corresponding period of the previous year.

Minister for action against manufacturers of substandard items RAWALPINDI

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akistan Council of Scientific and Industrial Research (PCSIR) has been asked to take action against the manufacturers who producing substandard items.

Federal Minister for Science, Technology and Defence Production Rana Tanveer Hussain said that there are several water purification companies which are involved in providing contaminated drinking water to the people whereas a large number of industrialists are producing substandard ghee and cooking oil. He said this after inaugurating the First Indigenous Hydroponic/Soil Less System of Pakistan introduced by Pir Mehar Ali Shah-Arid Agriculture Rawalpindi (PMAS-AAUR) at Rawat. He said that agriculture was backbone of Pakistan’s economy and the government was making tireless efforts to bring reforms in this sector besides empowering the farmers. “Chief Minister Punjab Mian Shahbaz Sharif has allocated Rs 100 billion for agriculture sector to bring agri revolution and improve lifestyle of farmers,” Rana said. Secretaries and deputy secretary of Ministry of Science and Technology.

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Public debt surges to Rs 18,467.3b from Rs 14,318b in 2013 ISLAMABAD

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he country’s total public debt increased to Rs 18,467.3 billion by end of December 2015 as compared with the total public debt of Rs 14,318.4 billion in 2013.

Out of total public debt of Rs 18,467.3 billion, the external public debt is Rs 5,589.2 billion, while domestic public debt is Rs 12,878.1

billion. There is a net increase of Rs 4,148.9 billion in total public debt, inclusive of $5.23 billion of external debt. This was revealed during a meeting of the Monetary and Fiscal Policies Coordination Board, which was held under the chairmanship of Finance Minister Ishaq Dar, to discuss the economic situation of the country. The meeting was attended

by Commerce Minister Khurram Dastgir, Finance Secretary Waqar Masood, State Bank of Pakistan Gov-

ernor Ashraf Wathra and former SBP Governor Dr Ishrat Hussain.

The Rinance minister stated that due to better policies of the government, 4.24 percent GDP growth was achieved in 2015, which is the highest growth during last 7 years. “We have targeted our growth at 5.5 percent for 2016. Early indicators of the commodity producing sector suggest that the economic growth is picking up modestly.”

The credit to the private sector

has witnessed expansion of more than 100% during July to March 4, 2015-16, over the last year. With this trend in expansion of credit to the private sector, it is very likely that the private sector investment will record its Rirst uptick after several years. Similarly, public sector development spending also increased to Rs.700 billion during FY 2016 which will support public sector investment. All monetary aggregates are moving in a comfortable zone. More-

over, reRinancing risk of the domestic debt portfolio was reduced through lengthening of the maturity proRile at the end of June 2015. Percentage of domestic debt maturing in one year was reduced to 47 percent compared with 64 percent at the end of June 2013. Exposure to interest rate risk was also reduced as the percentage of debt re-Rixing in one year decreased to 40 percent at the end of June 2015 compared to 52 percent at the end of June 2013.

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Saturday, March 26, 2016

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sif Marghoob Siddiqui, the director of the Directorate of Customs Intelligence and Investigation, Karachi Region, has directed the ofRicials concerned to expedite the antismuggling operations on the border areas.

According to details, Siddiqui, in a meeting held at his ofRice the other day, expressed his satisfaction over the recent seizure of smuggled consignment of ‘plastic dana near Sukkur. He stressed the need for carrying out the same performance in future. Siddiqui further said that the Directorate General of Customs Intelligence and Investigation, through its effective strategy and actions against the smuggling activities, has already saved billions of rupees national exchequer, which was being leaked through misdeclaration and under-invoicing.

The Director Customs Intelligence Karachi Region-Asif Marghoob Siddiqui has further said that the Director General of the Directorate General of Customs Intelligence Imtiaz Ahmed Khan has issued clear directives in connection with using all available resources against curbing smuggling activities across the country and particularly to and from the Karachi borders.

Siddiqui further said that the Federal Board of Revenue-FBR would soon provide some latest and contemporary equipments to the Di-

rectorate General of Customs Intelligence for uprooting the smuggling activities.

The Director Customs Intelligence Asif Marghoob Siddiqui further asked the ofRicers of the Directorate to utilize their all available powers in order to save the national exchequer. Meanwhile, The Directorate General of Customs Intelligence and Investigation has made a record seizure of “plastic dana” during the current Riscal year, it is learnt. According to details, on the directives of Director-Customs Intelligence Asif Marghoob Siddiqui, a team of the Directorate General of Customs Intelligence was constituted headed by the Deputy Director Muhammad Azam Khan. The team on a tip-off kept strict surveillance at Karachi-Sukkur border and signaled a truck to stop recovered a large quantity of “plastic dana” from the upper Rloor of the truck.

ms Custo f o l a er n, te gen nvestigatio a r o t c d Dire and I gy an e e c t n a r e t s ig Intell s effective ling t i mugg s h e g h u t d st thro again lready save s n o i t a l ac as ationa ties, h activi of rupees n being s s billion r, which wa ration ecla que exche ough mis-d g oicin d thr leake d under-inv an

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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

Steps for stable economy

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tate Bank Governor Ashraf Mahmood Wathra has projected the economy as stable and growing at the rate of four percent with stability in macroeconomic indicators.

According to him, the economy is not facing any major risk but has been showing remarkable recovery during the last two years and is growing at four percent without any let up in its momentum during the current fiscal year. The key feature of the recovery is macroeconomic stability as budget deficits are contained, foreign exchange reserves have crossed $20 billion mark, inflation is within limits and remittances from Pakistani expatriates are pouring in to finance the trade deficits. The bank chief sees it as a positive development in the background that the economy registered an anaemic growth of less than three percent at a point of time. The economy is projected to achieve a high growth rate in coming years without confronting any major risk from any internal or external factor to its sustainability.

Wathra has correctly pointed out the need for accelerating domestic investment in the country to take the growth to the next levels.

But it needs prudent economic and investment policies to go on the road of progress. When the business community of the country is pushed to the wall on one pretext or the other, the fervor of nationalism soon evaporates and the investors start looking options to leave the country. It is unfortunate that the policymakers always prefer to take ad hoc and short term measures to resolve serious issues. A halfhearted effort could bring some positive signs and results at time, but it brings more harm to the economy than any good in the long run. Therefore, the official hierarchy should stop issuing royal decrees to implement the policy decision by force.

Instead, there is a need to improve the standard operating systems to implement the government policies. A policy failure is in fact an administrative failure and that is what is going on in this country for the last many decades. The governor sees a healthy surplus of investable funds in the corporate sector as a welcome sign for the economic recovery.

However, unless the investors are given due respect and share in the business opportunities, it would not be easy to achieve the objectives of the economic growth.

Need to revive gas pipeline project T

LAHORE

DR afTaB afZaL

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he Iran-Pakistan Gas Pipeline project, which was once a media-hype like the China-Pakistan Economic Corridor is today, went to oblivion after sanctions were imposed on Iran by the so-called ‘international community’. However, the situation has changed now and Iran is ready to enter the world economic market with full might.

High hopes are pinned on the visit of Iran President Hassan Rouhani to Pakistan at the end of this month in which the matter of the gas pipeline project will also be taken up. The project was to be commissioned over a year’s ago,

but it could not go ahead according to the schedule in the wake of sanctions. According to experts, Pakistan can face penalties worth millions of dollars if it fails to start work on the project. A delay can also upset bilateral relations between the two countries. Iran also wants Pakistan to honour international commitments with regard to the pipeline project as it has already given in the form of LNG pipeline contract.

Apart from the gas pipeline project, there is a huge potential between the two countries to enhance trade, business and investment as Iran is free of the economic sanctions and opportunities are knocking the doors of the two countries. The State Bank of Pakistan has already

eased restrictions on trading through formal banking channels with Iranian companies. In the absence of a legal channel to enhance formal trade between the two countries, the corrupt elements on both sides of the border took full advantage of the situation. As a result, smuggling is rampant and Iranian goods are dumped in every city of the country. According to available Rigures, the volume of trade between the two countries is overwhelming in favour of Iran. Pakistan’s exports to Iran remained $185 million last year but exports were recorded at $837 million. There is no assessment of illegal trade between the two countries as the Customs Department of the country is chasing smugglers who are especially ac-

tive in Sindh and Balochistan. To curb illegal trade, the government will have to revise tariffs for the Iranian goods as well as encourage the local businessmen to Rind opportunities in the Iranian markets. Both the countries are connected through land routes and promotion of legal channels of trade will automatically give a severe blow to smuggling in the region. As Pakistan-Iran trade had been shrinking for the last Rive years, China emerged as major trading partner. In 2014, China imported goods worth $9.2 billion from Iran while its exports to Iran remained $12.5 billion. Ironically, the volume of trade between Iran and China increased when Tehran was passing through the ordeal of international sanctions.

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Arizona taxable revenues top $100b for the first time WASHINGTON: Arizona taxable sales topped $100 billion for the first time in 2015, according to new data from the Arizona Department of Revenue. Taxable sales climbed 8 percent year over year as they closed in on $102 billion for 2015.

Taxable sales, garnered from the state’s transaction privilege tax filings, show huge gains in accommodations, up 67.5 percent while professional management and administration activities climbed 27.6 percent. Information, financial, insurance and real estate also were up 25.6 percent over 2014.

Arizona’s sales tax revenues support the state’s general fund. The stream is measured on a fiscal year, fiscal 2016, running July 1, 2015 through June 30, 2016. So far this fiscal year, TPT taxable revenues are up 9.6 percent over the same eight-month period in fiscal 2015.

Spanish investor should avail opportunities through joint ventures: LCCI akistan has a lot to offer the Spanish investors therefore they should join hands with their Pakistani counterparts and avail the opportunities through joint ventures. These views were expressed by the LCCI Vice President Nasir Saeed while talking to the Economic and Commercial Counselor of Spain Erik Rovina here at the Lahore Chamber of Commerce and Industry. Honorary Consul of Spain Zaheer Islam was also present on the occasion.

The LCCI Vice President said that Pakistan is an emerging economy and has lot of opportunities for foreign

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investors in the fields of energy, leather, textile, tourism, food products, infrastructure, agro-based products, livestock and various other sectors of economy. He said that trade and economic relations between the two countries have remained insignificant despite the fact that there is a lot of potential exists in the two countries to bring the two-way trade to the new height.

He said that there is a great scope of cooperation in various industrial sectors between Spain and Pakistan. The possibilities of Joint Ventures in the areas like pharmaceuticals; electrical appliances, food items, engineering goods, agro-based products, mineral and mineral-based products and power generation sectors are very bright. Spain has the technology to construct dams besides being the biggest user of renewable sources of energy. Both the countries could join hands for transfer of technology in these sectors.—CB Report

Saturday March 26, 2016

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Uzbekistan keen to strengthen trade ties with Pakistan: envoy T

SIALKOT

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he Ambassador of Uzbekistan to Pakistan Furqat Sidiqov has asked the Sialkot exporters to come forward and tap the untapped international trade and export markets of Uzbekistan and other Central Asian States through Uzbekistan for getting the complete beneRits of the successfully growing businesses in Uzbekistan, as he offered some direct trade relations and strong business-to-business contacts between Pakistan and Uzbekistan.

He stated this while addressing an important meeting of the Sialkot exporters held at Sialkot Chamber of Commerce and Industry (SCCI). Acting President of SCCI Muhammad Sarfraz Butt presided over the meeting. Uzbek Embassy ofRicials Zafarbek Akhmedov (Rirst secretary), Muzaffar Turaev (commercial and press attaché) and Hamid Mehmood (Country Representative of Uzbekistan Airline in Pakistan) were also present on this occasion.

Uzbek Ambassador invited the trade delegation of Sialkot Chamber of Commerce and Industry (SCCI)

to Uzbekistan.

He added that Uzbekistan is very keen to establish the stronger business-to-business contacts between the two countries besides strengthening the bilateral trade relations as well. “Uzbekistan would ensure the easy access of the Sialkot exporters to the international trade markets of Uzbekistan and to other Central Asian States through Uzbekistan”, the ambassador revealed.

Ambassador of Uzbekistan Furqat Sidiqov said that the Uzbekistan is intending to boost mutual economical cooperation with Pakistan. He stressed the need of promotion of strong mutual trade relations be-

tween Pakistan and Uzbekistan, saying that the Uzbekistan wanted to develop strong mutual trade relations with Pakistan. Uzbek Ambassador discussed in details the matters of mutual interest with SCCI ofRicials. He also gave a detailed briefing about the growing mutual trade opportunities in Uzbekistan and scope of joint ventures in different trade sectors between Uzbekistan and Pakistan. He said that Uzbekistan intending to promote the mutual trade activities between the two countries. He also stressed upon the need of enhancing the private sector interaction and mutual collaboration crucially important to promote the

kenya eyes $1b bilateral trade with Pak

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FAISALABAD

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enya High Commissioner Julius Kibet Bitkok said that current volume of bilateral trade between Kenya and Pakistan was $600 million while it could be taken to $1 billion by the aggressive efforts of businessmen of both countries. He said Pakistani rice was meeting 70 percent market needs of Kenya while Kenyan tea was meeting 70 percent needs of Pakistani market. However, he said both countries should focus on diversiRication of bilateral trade. He said Kenya was interested in many Pakistani products including pharmaceuticals, surgical instruments, farm machinery and sports goods. Similarly Kenya could export its leather products, Rlowers and many other goods to Pakistan. He said this while

addressing business community at Islamabad Chamber of Commerce and Industry (ICCI). The Commissioner Counselor of Kenya was also present at the occasion.

The High Commissioner said that Kenya was a gateway for Pakistan to reach East and Central African market of 150 million people. He said Commerce Minister of Kenya would visit Pakistan in August this year to take part in Joint Ministerial Commission negotiations and asked the business community of Pakistan to prepare a draft of preferential trade agreement which could be discussed during the JMC. About tariffs hike on Pakistani rice in Kenya, he said the decision was taken on the pressure of Eastern African bloc, however, he said this issue could be negotiated during the JMC to arrive at a favorable tariff for Pakistani rice. He said ICCI should plan a trade mission for Kenya to explore poten-

tial areas of trade promotion and High Commission of Kenya would organize its meetings with relevant government ofRicials and other stakeholders. In his welcome address, ICCI President Atif Ikram Sheikh urged for evolving a new strategy to improve bilateral trade.

He said many Pakistani products including fruits and vegetables, food products, surgical instruments, medicines, textiles, IT, engineering and sports goods, auto parts and construction material could meet the needs of Kenyan consumers at affordable cost. He said Kenya should review its high tariffs on Pakistani rice. He said Kenya was a member of Eastern African Community (EAC) and Common Market for Eastern and Southern Africa region (COMESA). Thus increased cooperation between two countries would open up new opportunities of promoting trade as Pakistan.

bilateral trade between Pakistan and Uzbekistan. While presenting address of welcome, Acting President SCCI Muhammad Sarfraz Butt said that there is huge scope for quality products of Sialkot to be exported to Uzbekistan. He stressed the need to exploit to the maximum through mutual cooperation. Acting SCCI President added that indeed, both Uzbekistan and Pakistan have many common interests and objectives like: regional security and stability and countering threats of terrorism and extremism. It is important that both Countries should focus on increasing bilateral trade as both can beneRit from each other’s Expertise.

agriculture share in gDP drops to 21% from 53% griculture share in GDP has dropped to 21 per cent from 53 per cent in 1950 and 31 per cent in 1980. Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt revealed this in a statement, adding that achievement of satisfactory growth rate is linked to the promotion of agricultural sector which has been ignored by almost all the government.

Butt said that dwindling share of agriculture which will go down with the collapse of cotton crop has stunned the economic growth. He said that GDP improvement without focusing on agriculture is a pipe dream and that feeding population exploding by 2pc per annum require urgent steps.—CB Report

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Singapore-UAE tax treaty improved Saturday March 26, 2016

World

SINGAPORE: The second Protocol to the double tax agreement between Singapore and the United Arab Emirates entered into force March 16, 2016, and will become effective from January 1, 2017, lowering withholding tax rates and amending permanent establishment rules.

The protocol, which was signed in October 2014, revises the terms to include longer threshold periods to ascertain the presence of a permanent establishment (PE).

For instance, the protocol states that a PE arises where a building site; a construction, assembly, or installation project; or supervisory activities in connection therewith continue for a period of more than twelve months, as opposed to the current nine-month threshold.

Uk police seize suspected cannabis worth £400,000 LONDON

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wo people aged in their 30s have been arrested on suspicion of a number of drugs and money laundering offences after police seized £400,000 of suspected cannabis.

Police seized £200,000 worth of suspected cannabis and arrested the man after a car was stopped on the M2 around midday on Friday. Properties were searched at Shore Road, Belfast and in Newtownards as part of the investigation. A further £200k worth of the drug was seized separately in Antrim. Both seizures are being investigated to establish the existence of any links. A man and woman have been arrested. Detective Inspector Andy Dunlop from Reactive and Organised Crime Branch said: “This was initially great work by our district colleagues and ofRi-

EEU Customs Code to enter into force by mid-2017 he Customs Code of the Eurasian Economic Union (EEU) is expected to enter into force by the mid-2017, Member (Minister) for Customs Cooperation at the Eurasian Economic Commission (EEC) Mukai Kadyrkulov said, BelTA learned from the EEC press service. “The draft Customs Code is nearly ready,” said Mukai Kadyrkulov. “There are still issues on which we still need to agree. The Commission has been intensively working on this. We plan to submit the draft code for signature before the end of the year. We hope that by the middle of 2017, after the necessary domestic procedures for the ratification of the document are completed, our countries will finally get the new customs legislation corresponding to the current level of integration and technological development,” he noted.—CB Report

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cers from our Operational Support Department who reacted quickly to information received from the community. “The seizures are a great example of how easy it can be when the public report their suspicions to us. I am conRident of further arrests.

“We are aware of the threat posed by illegal drugs and are determined to use every opportunity to take controlled drugs off the streets and bring anyone involved in their sale, supply or distribution before the courts. “I would appeal to anyone who has any concerns or information about illegal drugs to contact their local Police on the non-emergency number 101. Or, if someone would prefer to provide information without giving their details they can contact the independent charity Crimestoppers and speak to them anonymously on 0800 555 111.” Meanwhile, Cocaine with an estimated street value of about £2.6m has been seized at Grangemouth Docks, Border Force officers have said.

US Customs seizes hard drugs worth $273k

TUCSON

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ustoms and Border Protection ofRicers prevented three separate attempts to smuggle almost 91 pounds of methamphetamine through the Port of No-

gales earlier this week.

OfRicers arrested a 30-year-old woman from Nogales, Sonora, Mexico, on March 10 after Rinding almost 35 pounds of meth, worth more than $104,000, hidden in her Volkswagen sedan. A CBP narcotics detection canine alerted to the drugs when she attempted to enter the U.S. at the Dennis DeConcini crossing. On March 9, ofRicers at the DeConcini crossing

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arrested a legal permanent resident alien, age 32, after a canine alerted ofRicers to the rocker panels of her Ford sedan where they found more than 30 pounds of meth, worth almost $91,000. Later at the same crossing, ofRicers arrested an 18year-old legal permanent resident alien after a canine led to the discovery of 26 pounds of meth, valued at $78,000, in the rocker panels of her Ford sedan. CBP ofRicers seized all drugs and vehicles, and turned the subjects over to U.S. Immigration and Customs Enforcement’s Homeland Security Investigations. Meanwhile, El Centro Sector Border Patrol agents assigned to the Indio Station working at the Highway 86 checkpoint, arrested a man suspected of drug smuggling after they discovered packages of methamphetamine hidden in his vehicle on Tuesday. The incident occurred at approximately 3:45 p.m., when a 25-year-old man approached the checkpoint driving a silver Honda Accord.

Dubai Customs organises awareness Swiss bank, US near tax settlement he recent news that Zurich- U.S. tax avoiders and others. workshops on IPR for cruise tourists based Swiss Bank Julius Baer Julius Baer is one of a dozen

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he IPR Department in Dubai Customs is organising awareness workshops for cruise travellers at the Hamdan bin Mohammed Cruise Terminal at Port Rashid, to educate them on intellectual property rights and the risks of using counterfeits.

“We will continue to organise these workshops during the 2015 – 2016 cruise season. The campaign is in the framework of implementing the Memorandum of Understanding signed with the Dubai

Cruise Tourism, an entity of Dubai Department of Tourism and Commerce Marketing. This is the Rirst time cruise tourists are targeted for awareness campaigns on the role of Dubai Customs in the Right against counterfeiting,” said Yousuf Ozair Mubarak, IPR Director at Dubai Customs. Mr Mubarak noted that such awareness functions are of great signiRicance due to the remarkable rise in the Rigures of cruise tourists during the winter season From November to May.—CB Report

has set aside $547 million in anticipation of a U.S. charged settlement is a tiny drop in the bucket of wide-ranging bank accounts that the Swiss have been charged with making available as safe harbor for potential tax evasion.

The U.S. has been aggressively tracking down Swiss accounts since 2008, hoping thereby to severely reduce this method of tax evasion.

This has been utilized as a means of protection under Switzerland’s laws that put a shroud of secrecy over private accounts used by wealthy

Swiss financial institutions that have come under the Justice Department’s investigation for allegedly providing Americans with undeclared accounts that were shielded by the country’s bank secrecy laws. In May of 2014, Zurichbased Credit Suisse Group AG settled its own U.S. probe by pleading guilty to aiding American tax evasion by agreeing to pay $2.6 billion to the U.S. tax agency. This led to Julius Baer negotiations, which will likely settle with an equally stiff penalty.—CB Report

Chinese companies unveil $14b Scottish investment

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BEIJING

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hina’s involvement in Scotland’s infrastructure projects will help improve its ground commuting system and is expected to spur local employment, industry experts said here the other day.

Scotland signed a memorandum

of understanding on Monday with Chinese investment group SinoFortone Group and China Railway No 3 Engineering Group, the largest construction company in the world, to bring about infrastructure projects with a potential value of 10 billion pounds ($14.3 billion). “With highspeed trains traveling at a speed of over 300 kilometers per hour, it certainly will help Scotland change the

situation in which its ground commuting systems long been dominated by automobiles. And related projects can generate a large number of jobs and construction materials supplying businesses,” said Luo Renjian, a researcher at the Institute of Transport Research at the National Development and Reform Commission. Luo said that even though China is a latecomer to the

Rield in comparison with its German and French rivals, its railway infrastructure building ability and rail equipment companies have thrived thanks to cost advantages, reasonable delivery times and Rlexible Rinancing models. The latest agreement will pave the way for signiRicant investment in Rields such as clean energy, transport and affordable housing, analysts said.

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PD Ports signs new deal with Sifcon at Felixstowe WASHINGTON: PD Portcentric Logistics, part of the PD Ports Group, signed a four year deal with supplier of gifts and interior accessories Sifcon International plc (SIL) at Felixstowe. PD will manage the supplier’s storage, handling, picking and the distribution of its UK mainland supply chain. Portcentricnews161,000 sq.ft of PD warehousing will be used for the operation, and this will include a comprehnesive ‘pick and pack service to cater for bespoke orders prior to onward distribution to UK retailers’. Frans Calje, PD Ports’ managing director unitised and portcentric logistics, said: “This new deal with SIL demonstrates our capability at PD Portcentric Logistics to offer a comprehensive and streamlined supply chain management service that delivers real value to our customers.

Cargo trade value declines at Port Everglades argo trade through Port Everglades, as measured in dollars, declined in 2015 while increasing at PortMiami, according to trade analysis company WorldCity.

Recent reports on the company’s website, ustradenumbers.com, state that the combined value of imports and exports through Port Everglades fell 7.21 percent, from $27.15 billion to $25.22 billion, between calendar years 2014 and 2015. Trade value through PortMiami, meanwhile, increased from $23.97 billion to $25.27 billion over the same period, according to the site, which bases its information on economic statistics compiled by the U.S. Census Bureau. Ken Roberts, president of WorldCity, said much of the decline at Port Everglades can be traced to falling oil and petroleum prices. The value of gasoline and other fuels imported through Port Everglades fell 33.9 percent to $2.27 billion. Meanwhile, February was a busy month for the Port of Los Angeles, with record

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breaking import volumes. Container volumes jumped 30% in comparison with February 2014 and trucking companies also reported accelerating shipping demand. However, this positive growth, which comes on the back of several slow months, may only be temporary. The Port of Los Angeles handled a February record 372,744 loaded 20-foot containers-worth of imports a jump of 46.6% from February of last year. Exports grew 11% to 146,488 containers. February’s import volume in Los Angeles also was 30% higher than the same month in 2014 evidence that the strong dollar and steady consumer demand are pulling more goods from abroad. In contrast, loaded export containers at the Port of Los Angeles in February.—CB Report

Ports & Shipping

hk port cargo throughput declined 13.8% in 2015

HONG KONG

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ong Kong’s total port cargo throughput slumped 13.8 percent in 2015, the biggest year-on-year drop in the past 10 years.

The sluggish global economy is one of the main reasons to blame and the industry is in need of new markets to alleviate the situation.

The Census and Statistics Department of Hong Kong released the data here the other day.

Further statistics from the department shows that year-on-year

decrease in port cargo throughput were also recorded in 2009 and 2012, falling 6.3 percent and 2.9 percent respectively, when the world economy was hit by Rinancial tsunami and Europe’s debt crisis.

“Maritime Industry relies heavily on trading,” Sunny Ho, Executive Director of the Hong Kong shippers’ Council said, however, the international trade is now in a difficult situation when purchasing power is weak and economic recovery is slow in Europe, and currencies largely devalued in Asia Pacific countries like Japan, South Korea, Australia and New Zealand.

Ho told Xinhua that demands arise from new markets could be a way out of the plight. “New opportuni-

ties will stimulate the economy and unleash potential of the markets.” He reckoned that the Belt and Road Initiative and Asian Infrastructure Investment Bank, which have become hot topics among different sectors, are capable of offering new investment opportunities. Looking ahead, unless global trade picks up, local maritime industry can hardly see notable improvement in near future, he added.

Apart from economy, port congestion problem, which, Ho said, is brought about by alliances in shipping lines and the growing in number of large ships, is also attributed to the sharp fall of the port cargo throughput last year.

Saturday March 26, 2016

ZJ Sunflower PV module shipments increase 30% hina-based PV manufacturer Zhejiang Sunflower Light Energy has reported a 30% increase in solar module shipments in 2015 as a result of the continued support by the Chinese government for solar deployment. ZJ Sunflower reported full-year 2015 PV module shipments of 474.88MW, primarily for the Chinese domestic market, with shipments to Japan totalling 79.94MW. The company reported 2015 operating income of around RMB1,824 million (US$282.47 million), up 10.9% from 2014. Domestic revenue accounted 68% of total annual revenue in 2015. Profit was reported at around US$13.5 million, nearly a 200% increase of the previous year.

ZJ Sunflower noted that it 56.29MW of PV power plants on its balance sheet at the end of 2015 located in Italy, Romania, Zhejiang and other regions of China. The company had a nameplate capacity of 88 million pieces of polycrystalline silicon wafer production in 2015, 600MW of solar cell capacity and 800MW of PV module assembly capacity. To improve yields and overall product quality, ZJ Sunflower said it had upgraded 200MW of module assembly production to being automated and achieved average multicrystalline solar cell conversion efficiencies of 18.3% and module efficiencies of 16.41% in 2015.—CB Report

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Chinese firm to build $239m jetty at Port Qasim

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KARACHI

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Chinese company has been given a $239 million contract to build a jetty on Port Qasim to unload coal. According to the ofRicial documents, the Port Qasim Electric Power Company gave the engineering, procurement and construction (EPC) contract to Sinohydro Harbour Company after a complete competitive bidding process and. The Port Qasim Electric Power Company in-

formed the National Electric Power Regulatory Authority (Nepra) about the price of the EPC of coal-unloading jetty and channel for its 1,320 megawatts coal-Rired plants (660MW each). The company also conRirmed $1.88 million consulting (supervision) fees under the contract. As per the contract, Sinohydro Harbour Company will construct the coal unloading jetty, approach bridge, revetment and associated auxiliary facilities, approach channel works and conveying system. The $1.9 billion Port Qasim coal-Rired project is the Rirst large-

scale energy project under the ChinaPakistan Economic Corridor. Meanwhile, Four ships CV Al-Bahia, CV Washington, MT GEW Future and MT Black Pearl-110 carrying containers palm oil and LPG were berthed at Qasim International Container Terminal, Liquid Cargo Terminal and Engro Vopak Terminal respectively.

Meanwhile six more ships carrying containers, phospharic acid, furnace oil and LPG also arrive at outer anchorage of Port Qasim during last 24 hours. Berth occupancy was managed at the Port at 53% on Tuesday

where a total of eight ships namely C.V Al-Bahia, C.V Washington, C.V MSC Albany, M.V Feariess, M.T GEW Future, M.T Al-Soor-II, M.T Atiantic Glory, M.T Block Pearl-110 were occupied at PQA berths to load/ofRload containers, palm kernelexp, palm oil, diesel oil, chemicals and LPG respectively during last 24 hours. A cargo volume of 86,283 tonnes, comprising 85,733 tonnes imports and 27,550 tonnes exports, inclusive of containerized cargo carried in 2,526 containers (TEUs) was handled at the Port during last 24 hours.

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Customs Intelligence seeks Rs 2 million to complete Sadiqabad office MULTAN: The Directorate of Customs Intelligence and Investigation has asked the Federal Board of Revenue (FBR) to issue funds for early completion of Sadiqabad office, which will prove helpful in curbing smuggling. Officials told Customs Today that building of Sadiqabad Customs Intelligence was under construction and its grey structure has been completed, adding that more funds were required to complete the project. They said that the land for the office was acquired with the cooperation of Pakistan Tobacco Company in order to enhance surveillance and keep an eye on the movements of imported goods.

Saturday, March 26, 2016

CUSTOMS BULLETIN

Multan Customs collects Rs 11,275.387m taxes until March 22 MULTAN IMRaN aLI

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he Customs Collectorate has generated Rs 11,275.387 million so far in wake of taxes during the third quarter of the Rinancial year 2015-16.

According to statistics, Rs 2,556.05 million were collected under the head of customs duty against the assigned target of Rs 11,040 .664 million during the ongoing third quarter so far. The Multan Customs has collected Rs 7,216.57 million as sales tax during the current quarter.

The revenue collection of federal excise duty has been exceeded from the set target. About Rs 65.804 million of federal excise duty has been generated so far in the third quarter of the Riscal year 2015-16. The Customs has collected major amount of federal excise duty in February due to extra ordinary import movement of HSD and RBD palm oil from Multan Dry Port. As far as income tax collection, Multan Customs generated Rs 112.655 million up to 22nd March against the Rixed target of Rs 95.25 million during the Rinancial year 2015-16.

RTO-II decides to freeze bank accounts of 3,700 tax defaulters LAHORE

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he Regional Tax Office-II (RTO-II) of the Federal Board of Revenue (FBR) has decided to freeze the bank accounts of 3,700 sales tax defaulters. Sources said that RTO-II Chief Commissioner Khawaja Adnan Zaheer held a meeting with additional commissioners, deputy commissioners and sen-

ior officers and discussed the matter of tax evasion, besides figuring out the plan to recover these taxes from the defaulters.

Initially, the officials have made a list of 9,313 tax defaulters who are not paying taxes since long or paying minor income despite having taxable income. The chief commissioner has also formed eight teams to recover the tax and ordered him to meet the revenue collection target by the end of running fiscal year 2015-16. The chief also said that bank accounts of the tax defaulter to be attached and re-

covered outstanding amounts.

Meanwhile, The Regional Tax Office (RTO) of the Federal Board of Revenue (FBR) has served notices on three national cricketers for not filing the tax returns.

Sources said that Zulfiqar Babar, Umar Akmal and Ahmad Shehzad had not filed the income tax returns or paid the liable taxes during the financial year 2014-15, adding that the FBR will recover tax from the tax defaulters with fine. They added that the RTO officials have expedited efforts to recover taxes from the tax defaulters, adding that notices were

being issued to them at the first stage. They added that in the second phase, the department will attach their bank accounts in order to recover the taxes.

If the cricketers failed to pay the taxes, the FBR officials will attach their bank accounts or take stern action against them according to the income tax laws.

Meanwhile, The Regional Tax Office-II (RTO-II) of the Federal Board of Revenue (FBR) has raided Myco Survey (Private) Limited and impounded the vehicle of Director Munawar Hussain for alleged tax evasion of Rs

Published by M S Raza Off# 42, 3rd Flr Gull Plaza M.A Road Karachi, Printed by Dhoom Printing Building No RY/A, 11/6,11/7, Mashoor Mahal,off I.I. Chundrigar Road, Karachi

1.3 million.

According to the details, a team of RTO-II, under the supervision of Inland Revenue (IR) Assistant Commissioner Asim Nasir Manj, raided the company and impounded the Toyota Corolla bearing Registration No. LEE-136 owned by the company’s director.

The officials took action against the tax defaulter following the directions of the RTO-II Chief Commissioner Khawaja Adnan Zaheer. The company was not paying the taxes from the year 2008-09.