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pAkIStAN’S FIrSt INDepth NewSpAper oN cuStoMS

Daily

Vol 1 Issue No. 239

Karachi, Thu November 19, 2015

ISLAMABAD

M FAIZAN

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ederal Board of Revenue newly appointed Chairman Nisar Muhammad Khan is determined to continue the war against corruption, besides making the effective and strict accountability system.

Khan said that measures will be taken in order to improve the tax collection and tax system

as well. He also pledged to enforce the tax laws completely in country. He stated this while addressing a farewell ceremony held in honour of outgoing FBR chairman Tariq Bajwa, Members Shahid Hussain Asad, Shahid Hussain Jatoi and Muhammad Ashraf.

Praising Tariq Bajwa, new FBR Chairman Nisar Muhammad said, “He was an honest person and thorough professional. He introduced wonderful policies at FBR to increase tax revenue. He played his best role for

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resolving issues of Grade18-19 officers regarding promotion and performance allowance. His tenure was the best tenure in FBR”.

He also admired the services of all members to make the FBR prestigious department of country.

On the other hand, former chairman while addressing the ceremony, showed satisfaction over the appointment of Nisar Muhammad Khan as FBR chairman and added that Khan has vast experience in the field of revenue collection, which will pave the way for boosting the collections and strengthen the tax system. He said that “I advise all successors to take step in the larger interest of the country without taking care of any pressure.”

Hyderabad Customs collects Rs 3.17 billion in 4 months

Chief Collector Rozi Khan Burki greets Customs Hockey team

Pakistan asks China to include Bhasha dam in CPEC projects

Customs Intelligence seizes 31,900 liters diesel, 2 oil tankers

Tajik Ambassador inaugurates ‘Global Entrepreneurship Week’ held by RCCI

The MCC Hyderabad Dry Port and Sukkur division has collected Rs 3.176 m | See pAge 02 |

Collector Rozi Khan and Collector Preventive Mukarram Jah have felicitated | See pAge 03 |

Ahsan Iqbal has said that China has been urged to include Diamer-Bhasha dam | See pAge 04 |

DGCustomsIntelligencehasseized contrabandIranorigin31,900litersofdiesel | See pAge 12 |

The RCCI in collaboration with its 11 partner universities kicked off GEW | See pAge 09 |

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Poppy seeds smuggling: Court adjourns bail plea until Dec 5 Thursday, November 19, 2015

National

KARACHI: The Special Court of Customs Taxation and Anti-Smuggling on Tuesday adjourned till December 5 the bail confirmation plea of a suspect in a case pertaining to the smuggling of 34 tons of poppy seed to Malaysia.

Judge Syed Faiz Rasool Rashdi adjourned the hearing due to absence of the counsel for the accused Sarfaraz Mirani who was released on interim bail. According to the prosecution, the Directorate General of Customs Intelligence had seized around 34 tons of poppy seed from two containers on August 11, 2015. The poppy seed was being smuggled to Malaysia under the garb of sea salt from Karachi Port.

hyderabad customs collects rs 3.17 billion in 4 months

FAISALABAD

HYDERABAD

NAeeM SheIkh

ASLAM ANJuM QureShI

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Model Customs Collectorate Collector Dr. Ahmad Mujtaba Memon regarding the smuggling of items.

Therefore, a team under the supervision of Additional Collector Umer ShaPique was made to curb the smuggling activities. The team established check post near Jacobabad

and intercepted four trucks going to Sukkar, Lahore and Karachi from Quetta. The teams while searching the trucks recovered huge quantity of smuggled items. The ASO ofPicial asked the drivers to produce any legal documents regarding the lawful import and possession of the items

but they could not show any documents; therefore customs ofPicials conPiscated the items along with trucks under Section 171 of Customs Act, 1969. After making the seizure report, the ASO team deposited the conPiscated smuggled goods items in Sukkur state warehouse

customs court in Lahore hears 40 cases LAHORE

M IMrAN MehAr

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he Special Court of Customs Taxation and Anti-Smuggling heard 40 important cases on Wednesday and issued necessary orders and directions in number of cases.

On Wednesday, 40 cases of dif-

he Anti-Smuggling Organization (ASO) Mianwali has seized smuggled Hino Truck worth Rs 4 million near Musakhail bypass, it is learnt. As per details, the information was conveyed through Deputy Collector ASO Falak Shair Faisalabad Customs regarding the Truck.

The Mianwali ASO seized smuggled Hino truck bearing registration No. 3204 worth Rs 4 million including total duty and Taxes’ Rs 1.2 million.

The ASO staff asked the driver to produce legal documentary evidence regarding the legal import of Truck. But he failed to present the same and he was detained.

The names of raiding team members are Muhammad Safder Ali (inspector), Muhammad Saifullah, Muhammad Ghulam Mohyuddin, Faiz Ahmed, Sher Ahmed, Saeed Rasool, Muhammad Yousif (sepoys), Muhammad Nazim and Shamshair Hussain ( UDC ). Meanwhile, The Faisalabad Customs Collector Dr Zullafqar Ali Choudhary has reshuffled as many as nine officials, including superintendents, inspectors, and head clerk. According to the details, Mukhtar hussain (superintendent) has been posted from export.

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he Model Customs Collectorate Hyderabad Dry Port and Sukkur division has collected Rs 3.176 million under the head of customs duties and taxes during Pirst four months (July-October) of current Piscal year 2015-16.

As per details, the department generated Rs 648.6 million as customs duty, Rs 2423.27 million in wake of sales tax, Rs 8.570 million under the head of federal excise duty, Rs 95.86 million as income tax during the said perioid.

The major tax sources were remained Huffaz Seamless Pipe Industries, Crescent Steel, Omni Polymer Industries, Rema Cooking Oil and the Pakistan State Oil. The taxes were collected under the supervision of Hyderabad Customs Collector Dr Ahmed Mujtaba Memon, Additional Collector Omar ShaPique, Assistant Collector Imran Afxal, Principle Appraiser Riaz ur Rehman, Inspector Mohammed Yaqoob Pasha.

Meanwhile, The Customs AntiSmuggling Organisation has seized huge quantity of foreign origin smuggled black tea, black pepper and dried fruits worth Rs 25.9 million during an action.

As per details, the ASO team received credible information through

Mianwali ASo seizes semuggled hino truck worth rs 4 million

ferent types were scheduled for hearing, including 13 pre-arrest bail pleas of accused persons Shaukat Ali, Muzafar Ali, Muhammad Qasim, Ihsan Elahi, Malik Siraj, Abdul Qayyum, Muhammad Atique, Muhammad Faisal, Abdul Khaliq, Tahir Islam, nayer Iqbal, Azhar Qadeer, and Fiaz Hussain. Judge Malik Ameer Muhammad after hearing arguments of different parties issued orders on bail pleas and disposes of a number of pleas while some adjourned for new dates. The

court also accepted bail pleas of two accused against cash guarantees.

Customs Court also adjourned many cases of smuggling. The total cases of such kind were 10 which were scheduled for today. The cases, including tax evasion, customs, smuggling and narcotics, were also scheduled for the day.

The court also proceeded on statements and witnesses on four different cases on the day. The cases of Lahore, Gujranwala, Sialkot and Jhelum were scheduled for the day.

Meanwhile, The Large Taxpayers Unit (LTU) has started preparations to seize properties of Abdullah Sugar Mills. The Special Federal Court of Customs Taxation and AntiSmuggling has announced Chief Executive OfPicer and directors of Abdullah Sugar Mills as proclaimed offenders as they were underground for a long time and were not coordinating with investigation team of the Federal Board of Revenue (FBR).

Sources told Customs Today that Abdullah Sugar Mills is allegedly in-

volved in tax evasion of Rs 277 million. Earlier, the FBR had started action against the owners and directors of Abdullah Sugar Mills and raided their Model Town residence for three times but they always escaped from the scene.

Sources told Customs Today, that a team of FBR has raided at H block of Model town Lahore to arrest HaPiz Irfan Butt, Mustafa Raza and other directors who are involved in sugar mills scam on special directions of the Customs court.

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Customs officer killed in Islamabad ISLAMABAD: A Customs officer was found dead on Japan road near Islamabad Expressway by Lohe Bher Police on Tuesday.

According to the police, the body of 57-year old Customs Deputy Superintendent Raja Ibrar lay near his car. The deceased was killed with sharp-edge weapon; the police quoted the post-mortem report. His car was parked near his body lying on the road.

He was currently posted at Cargo Service of Benazir International Airport Islamabad and residing in Qulzar-i-Quaid. The police investigation officer said there seemed to enmity behind the murder as all the belongings of the victim were present at the crime scene.

FBr withdraws royal weaving Factory’s zero rating facility on electricity

Thursday November 19, 2015

National

chief collector rozi khan Burki greets customs hockey team

KARACHI

AFtAB chANNA

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he Federal Board of Revenue (FBR) has withdrawn the facility of zero rating on supply of gas to Royal Weaving Factory by making amendment in Sales Tax General Order 09/2007 dated 13.9.2007. According to a notification No C.No.4(10)ST-L&P/2015 – 154400, issued by Secretary-IR-ST&FE, Tariq Hussain Shaikh that read as: “In exercise of powers conferred by clause (d) of section 4 of the Sales Tax Act, 1990, read with SRO 1125(I)/2011 dated 31.12.2011, the Federal Board of Revenue is pleased to make the following further amendments in its Sales Tax General Order No 166 of 2015.”

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Excise seals 200 residential, commercials properties ISLAMABAD

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hee Excise and Taxation Department, Rawalpindi, has sealed 200 residential and commercial properties of defaulters in a grand operation while it has also recovered Rs 5.4 million in single day.

According to details, on the direction of Director Excise Rawalpindi Taveer Abbas Gondal, the excise and taxation team has started the grand operation against the defaulters of property tax in the areas of Murree road, Faizabad, Satellite Town, F Block and Pindora area and seal around 200 residential and commercials properties. These were collectively defaulters of over Rs 10 million. Sources added that during the grand operation the department also recovered Rs 5.4 million in the term of property tax.

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LAHORE

M hAYAt

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ustoms Central Region Chief Collector Rozi Khan Burki and Collector of Customs Lahore Preventive Mukarram Jah Ansari have felicitated Lahore Customs Hockey team for exhibiting outstanding performance during PT Yaqoob Baqi Tournament.

The Customs Hockey team management handed over the shield to the winner team to the chief collector in a special function held here. On the occasion, Rozi Khan Burki and Mukarram Jah lauded services of Deputy Collector Touqeer Dar, Manager Danish Kaleem and Coach Ijaz Ahmad for preparing the Customs Hockey Team, enabling it to grab the second position.

Olympian Toqeer Dar said that Customs Hockey team has done its best earning good name for the country and in future it will also give good performance. Deputy collector of Customs Abbas Ali Babar and others were also present.

Meanwhile, Chief Collector of Customs Central Region Rozi Khan Burki on Monday inaugurated a new block for the girl students at the Customs Public School Lahore.

The newly constructed block for the girl students has been named after the Chief Collector of Custom Rozi Khan Burki’s name, an official told Customs Today.

The Lahore Customs is custodian of the Customs Public School and playing vital role in imparting students a quality education for a long time. Earlier, there were two separate branches of Customs Public School each one for boys and girls were being run and but now girls’ branch has also been shifted from Firdous Market to the main branch Gulberg, sources said.The Lahore Customs is custodian of the Customs Public School and playing

olympian toqeer Dar says customs hockey team has done its best, earning good name for the country and in future it will also give good performance.

Deputy collector of customs Abbas Ali Babar and others were also present.

customs orders two staff members to surrender ISLAMABAD

ShAhID MINhAS

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he Customs Headquarters has ordered two inspectors to surrender due to their alleged involvement in mobile smuggling case yesterday.

According to sources, the Customs authority also got Camera

footage of international arrival lounge for this purpose. Sources added that yesterday, the Customs Staff recovered 1,248 smart cell

phones and arrested three accused from Benazir Bhutto International Airport Islamabad (BBIAP).

Deputy Collector Customs BBIAP Shahid Jan has registered a case and started investigation against them, sources added. Sources added that during this matter, two customs inspectors who were identified as Ali Muhammad and Mumtaz, also doubted to be involved in the favor of these accused so the authorities called them to the headquarters to surrender.

vital role in imparting students a quality education for a long time.

Earlier, there were two separate branches of Customs Public School each one for boys and girls were being run and but now girls’ branch has also been shifted from Firdous Market to the main branch Gulberg, sources said.

Collector of Customs Appeal Asif Mehmood Jah, Deputy Collector Abbas Al Baber and other were also present on the occasion.

FIA arrests most wanted human trafficker from Mardan he Federal Investigation Agency (FIA) has arrested the most wanted human trafficker from Mardan. According to FIA sources, Zar Wali son of Falas Khan, a residence of Mardan was in the hit list of the FIA. The FIA team has raided at his home and arrested the accused. —CB Report

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SmeDa disburses Rs 44m cheques under mDTF-funded project Thursday, November 19, 2015

Business

PESHAWAR: Small and Medium Enterprise Development Authority (SMEDA) distributed 80 grants’ cheques worth Rs44 million under Multi-Donors Trust Fund-funded Economic Revitalization of Khyber Pakhtunkhwa and FATA (ERKF) project. The ceremony was held under the auspices of Khyber Pakhtunkhwa Chamber of Commerce & Industry (KPCCI). Senior Minister Khyber Pakhtunkhwa, Sikandar Hayat Sherpao was the chief guest on the occasion. Besides, Special Assistant to KP CM on Industries & Trade Abdul Karim Khan, KPCCI president Zulfikar Ali, provincial chief Smeda, KP Javed Iqbal Khattak, officials of the industries department.

kSe-100 index sheds 116.61 points to end another day in negative KARACHI

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he Karachi Stock Exchange on Wednesday ended another day in the negative as the benchmark KSE-100 index shed 116.61 points to reach 33949.26 points. The market recorded the highest trading level of 34202.3 points and lowest level of 33936.05 points, with the total volume of 66,700,550 shares, having Rs

Millers asked to start sugarcane crushing

5,415,398,589 value. As many as 373 companies were active; of which 168 advanced, 170 declined and 35 remained unchanged. Real Estate Investment and Services was the top traded sector with total traded volume of 28,139,500 shares. It was followed by Chemicals with a total traded volume of 22,005,500 shares.

The three top traded companies were Descon Chemical with a volume of 15,765,000 and price per share of 7.27 (0.38), Byco Petroleum with a volume 14,248,000 and price per share of 24.78 (0.79), and TRG Pak Ltd with a volume 9,074,000 and price per share of 40.03 (-0.76).

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he local sugarcane farmers have criticised the delay in start of crushing by the sugar mills. The farmers lamented that the owners of the sugar mills were deliberately delaying the start of sugarcane crushing to maximise their benefit. They said that the farmers held a meeting with owners of the sugarcane mills to persuade them to start the crushing but they refused to do so.

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ISLAMABAD

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ISLAMABAD

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ederal Minister for Planning and Development Ahsan Iqbal has said that China has been urged to include DiamerBhasha dam in energy projects to be undertaken under the China-Pakistan Economic Corridor (CPEC).

The minister, while speaking at the concluding session of the First

oca-Cola has announced to invest another $300 million in Pakistan, increasing the total amount to $450 million. Company’s Group Corporate Affairs Director Atilla Demir Yerlikaya said this during meeting with Finance Minister Ishaq Dar. He added that Coca-Cola had directly employed over 5000 people but indirectly generated job opportunities for about 70,000 people. The finance minister appreciated the company’s economic contribution in terms of investment and employment generation. He also welcomed its future investment plans and said the present government offered a liberal investment regime for prospective foreign investors and concerns. He added that the government duly recognized the role of beverages industry in terms of revenue generation for the country and would extend all possible support for its promotion and growth. He also sought suggestions for further growth of the beverage industry while safeguarding government revenue at the same time. The minister also shared with Attila Demir, who is also chairman of Pak-Turk Business Council, his views on the ever growing Pak-Turk cooperation in various spheres.

C The top three advancers (by volume) were Fauji Cement with price per share 7.52 (0.13) and 26,847,500 shares; Telecard Limited

with price per share of 2.77 (0.34) and 11,461,500 shares; and Jah.Sidd. Co. with price per share of 16.00 (0.31) and 8,422,500.

pakistan asks china to include Bhasha Dam in cpec projects

DERA ISMAIL KHAN

70,000 jobs generated: coca-cola announces to invest another $300m

CPEC Media Forum, said that energy projects of about $34 billion are being undertaken as part of CPEC in the Pirst phase. If China agrees to the proposal, the project would be included in the next phase of the energy projects under the CPEC. The construction of DiamerBhasha dam is expected to cost about $12 billion. Faced with the difPiculty of Pinding funds for the 4,500MW project, the government had decided to divide it into separate dam and power generation projects. However, it is unclear which component of the project the

government is interested in getting included in the CPEC. The planning minister said the government was determined to perform the groundbreaking of the hydel project next year and had already completed land acquisition for the purpose. Some 14 power generation and a transmission line projects are included in the first phase. The minister said that wind and solar energy projects would be commissioned in about a year, and the coal power projects by 2018. The hydel projects would be ready by 2020.

punjab govt launches web portal for jobless youths LAHORE

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he Punjab government has launched a web portal for unemployed youth of the province. The Labour Market Information & Resource Centre opened its Online Job Portal and has its proPile now on all the popular social media forums including Facebook, Linkedin, Twitter and Google. Avail-

able jobs and latest information about market trends will be available on this job portal round the clock. This was stated by Project Director Daud Abdullah in a meeting presided by Minister for Labour & HR Raja Ashfaq Sarwar, Daud Abdullah while briePing about the project said that this Online Job Portal is a part of establishment of Labour Market and Resource Center, a project of Punjab Labour & Human Resource Department with the total

cost of Rs.65.272 million.

The project empowers employers and job seekers to bring them at free career website providing them market trends information and alerts about future professional needs. Employers can register their organizations to become members with available jobs along with position’s requirements and description.

Job seekers can sought through hundreds of employment opportunities, Pill out the job applications and sub-

mit resume online to apply against the advertised jobs. Daud Abdullah said that latest hot featured jobs will also be available at this job portal.

Daud Abdullah also informed that Labour Market and Resource Center Punjab was established to collect an analyzed labour market data, promote research through information sharing, identify future market trend and knowledge of related Pield providing infrastructure and facilities for research promotion by dissemi-

nation of user-friendly information on this launched online job portal.

Meanwhile, The auto sales increased by 67 per cent YoY during the Pirst four months of the current Piscal year. Experts say that the increase was mainly due to taxi scheme and overall improvement in economic situation in the country.

During the Pirst four months (JulOct) of FY16, local vehicle sales stood at 74,541 units versus 44,550 units in 4MFY15.

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ISLAMABAD

M FAIZAN www.customsbulletin.com

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ewly appointed Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan and Customs Member Masroor Ahmad reviewed the suggestions to meet the revenue target set for Pakistan Customs and elimination of corruption. Both high ups held a detailed meeting and discussed various matters relating to customs here on Tuesday at FBR House, Islamabad. Sources said that some important changes at lower level in customs could be made and transfer of different ofPicials could also be made in this regard. While, any major change in the policy is not expected as chairman has been customs member; therefore, earlier policies were made with his consultation. It may be mentioned here that Masroor Ahmad is a thorough professional and has been performing duties at key posts.

Meanwhile, After relinquishing charge from the post of chairman

by Tariq Bajwa, Nisar Muhammad Khan has held the ofPice of the Federal Board of Revenue (FBR) chairman and started to perform his duties, while the Masroor Ahmad has taken the charge of member customs. However, three other transferred ofPicials including Inland Revenue Policy Member Shahid Hussain Asad, Administration Member Shahid Hussain Jatoi, Inland RevenueOperation Member Muhammad Ashraf Khan will leave the ofPice today

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Thursday, November 19, 2015

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(Wednesday) as they Pinished their remaining work on Tuesday and new members named Dr. Irshad Ahmad Khan, Rehmatullah Wazir and Waqar Ahmad will replace the old members.

New FBR chairman also performed his duties in the chairman ofPice. Due to the transfer and posting, the schedule set for former chairman could not be implemented, while the new chairman has directed the staff to prepare his schedule of meetings.

Meanwhile, The Federal Board of Revenue (FBR) has appointed Dr Muhammad Irshad (BS-21) as member Inland Revenue (IR) Islamabad and Rehmatullah Khan Wazir (BS-21) as member Inland Revenue (IR). As per details, both ofPicials have served in different areas of country, including Karachi.

Dr Irshad at Pirst served as Chief Commissioner Regional Tax OfPice (RTO) Lahore. As chief Commissioner RTO Lahore, he has shown keen interests in enhancing the RTO revenue collection and he has shown tremendous performance in terms of tax recovery. He introduced a number of new policies and that are still operational by RTO Lahore. Although Dr Irshad has not spent much time even than RTO Lahore collection remained high during his tenure as commissioner RTO Lahore.

After appointment of Chief Commissioner Lahore, he has to perform his duties at RTO-I at Karachi as chief commissioner where he performance remained high and RTO-I has collected over Rs 2 billion.

g charge n i h s i u q y n After reli ost of chairman b p from the q Bajwa, Nisar d tari n has hel rd a h k d a Muhamm f the Federal Boa o an the oďŹƒce ue (FBr) chairm is of reven ed to perform h and start hile the Masroor duties, w taken the charge as Ahmad h mber customs. of me

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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

cement export

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t a time the Pakistani cement industry is facing a declining trend and is losing its competitiveness in the world market, the smuggling of Iranian cement has increased in the country while South Africa has slapped anti-dumping duty ranging from 15 percent to 68 percent on the Pakistani cement import.

On the home front, the All Pakistan Cement Manufacturers Association has appealed to the government to give incentives to the sector to increase exports and to compete with Iran and India in the international market. The Ministry of Commerce has also decided to challenge South Africa’s decision to impose preliminary anti-dumping duty on the import of Pakistani cement in the World Trade Organization. Earlier in May this year, South Africa had imposed the anti-dumping duty on the import of Pakistani cement apparently to save the indigenous industry.

The decision of the South African government seems to be inconsistent with several provisions of the WTO agreement. The production capacity of cement in the country has touched 45.620 million tons per annum, but domestic demand is confined to 28.206 million tons or total utilization of capacity by 61.82 percent only, leaving a surplus of 17.414 million tons unutilized, which is available for exports. During 2011-2012, Pakistan exported 4.727 million tons cement to Afghanistan, but the volume has decreased to 2.873 million tons in 2014-15. Now the Commerce Ministry has decided to persuade the WTO for the settlement of the dispute as according to it, the mechanism followed by South African authorities does not reflect the true analysis of the situation. Earlier, the South African authorities spent four years to investigate the matter, but failed to properly examine the evidence and factors which are hurting its local industry. Pakistan is facing the same situation with regard to Iran as dumping of Iranian cement continues in Balochistan, but the government has failed to find real causes of this trend. If Pakistan wants fair opportunity for Pakistani cement exporters to defend their case, the government should also look into the smuggling of the Iranian cement and rationalize the imposition of taxes and duties on the local industry. The Pakistani representative to the WTO has written to his South African counterpart in Geneva to discuss the issue. As a matter of fact, every country has the right to protect local industry.

Need to salvage textile industry T

LAHORE

Dr AFtAB AFZAL

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extile is the prime earning sector of the country, but persistent energy crisis, rising cost of production and absence of an incentive package from the government are adversely affecting the production and export of textile goods. Pakistan is a major cotton producer and has potential to earn $15 billion annual foreign exchange by exporting value added goods, but absence of sincerity on the official level is the root cause of every woe in this country.

The capacity of the textile sector to utilize cotton is likely to reduce from 14 million bales

last year to 8.5 million bales this year as thousands of industrial units have restricted their production or have been closed down due to rising cost of doing business. The capacity of the textile sector to convert cotton into value added goods is reducing fast and Pakistan even could not fully utilize the business concessions given by the European Union.

The All Pakistan Textile Mills Association has already expressed concern over the state of affairs and demanded Finance Minister Ishaq Dar to announce a textile package to salvage the industry from collapse.

Due to the high cost of doing business, up to eight million textile workers are likely to lose

their jobs. The export of yarn and greige fabric worth $3 billion is also in doldrums due to increase in electricity tariff to Rs 15 per unit from Rs 9 per unit, making the textile industry unviable.

At a time when Bangladesh and India are capturing most of the world market, the country’s textile industry is running on a reverse gear. According to the association, the export-dependent spindles and looms are falling down one after another and Pakistan is losing its place in the world market.

The government has raised regulatory customs duty on import of Indian cotton yarn and fabric-coarse cloth by 10 percent against the demand of the

textile millers to raise the duty up to 25 percent. However, the government should also give the Pakistani missions abroad a wake up call, telling them in black and white that it means business. Japan is $100 billion annual market for import of textile goods, but the officials in the mission are sleeping and there is a need to ask them how much they have created demand for the Pakistani products. Most of the Pakistani foreign officials enjoy hefty salaries and perks but fail to bring any business for the country. The Pakistani businessmen should also change their old habits and diversify their products to grab lion share in the world market.

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Korea to export ‘hanwoo’ beef to Hong Kong HONG KONG: Korea is widely expected to export “hanwoo” beef to Hong Kong as early as December, according to the Ministry of Agriculture, Food and Rural Affairs, Tuesday. If this happens, it will be the first overseas shipment of beef from the country’s indigenous cattle. The ministry said Hong Kong authorities are about to complete its 8-month-long quarantine procedure of hanwoo, adding that breeders will soon be able to ship local beef to the city. Korea and Hong Kong began negotiations in March this year about the shipment of hanwoo. Hong Kong authorities completed a risk assessment in April and reached a consensus with their Korean counterparts on details of quarantine and sanitary rules in June. In August, local farms seeking to export beef completed their registrations with the Hong Kong government. Last month, Hong Kong quarantine officials came here to conduct field inspections on hanwoo farms, slaughter houses.

LccI condemns terrorist attack in paris ahore Chamber of Commerce and Industry (LCCI), condemned the barbaric act of terrorism in Paris, and has said that Pakistani nation in general and business community in particular stands shoulder to shoulder with the people of France.

In a condolence message to the French Ambassador, the LCCI President Sheikh Muhammad Arshad, Senior Vice President Almas Hyder

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and Vice President Nasir Saeed said that our prayers and hearts go out to our French brothers in this testing time.

They said that terrorist attacks in Paris should not be seen in the context of any region or religion as no religion allows killing of innocent people. The LCCI office-bearers said that it is not just a terror attack on the people of France but it is a heinous crime against the entire humanity. Leaders around the globe should join heads and evolve strategy to fight common battle against terrorism. They said that the terrorist attacks in Paris are a well planned conspiracy to shatter the global peace.

They said that United Nations should convene a roundtable of all heads of states to make a consensus policy to cope with terrorism related incidents that have jolted the very basis of the globe. They said that these terrorists should be brought to justice.“Any further delay in taking a strong stand against terrorists would cause undue damage to the internal peace and harmony therefore there is a dire need to sit together and evolve a methodology to get rid of the menace of terrorism”, the LCCI office-bearers said. —CB Report

Thursday November 19, 2015

Chambers

tajik Ambassador inaugurates ‘global entrepreneurship week’ held by rccI T

RAWALPINDI

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he Rawalpindi Chamber of Commerce and Industry (RCCI) in collaboration with its 11 partner universities kicked off Global Entrepreneurship Week (GEW) here on Monday. Ambassador of Republic of Tajikistan, Jonovov Sherali who was the chief guest on this occasion, inaugurated the week in a ribbon-cutting ceremony. President RCCI, Mian Humayun Parvez, welcomed the Tajik ambassador, dignitaries and students to the chamber.

Addressing on the occasion, the Tajik Ambassador expressed gratitude to the president RCCI for inviting him on Global Entrepreneurship Week and termed it a great initiative taken by RCCI to promote entrepreneurship skills and knowledge among the youth. He said that his country is keen to invest in energy and transportation sectors that will boost the economic ties between the two brotherly countries.

He further added that Pakistan has a great potential especially in the human resource sector and ef-

forts should be made to capitalize this potential. He asked students to develop skills and knowledge and contribute to the prosperity of their country. Central Asia is a big market and young entrepreneurs can benefit from the opportunity and change their fate, he remarked. The ambassador while appreciating the RCCI for organizing this global event said that this is a great initia-

tive which will give youth a platform where they can learn more knowledge about the entrepreneurship. Speaking on the occasion, the president RCCI, Mian Humayun Parvez said that GEW will help students to focus themselves on job creators instead of job seekers. It’s a great opportunity for youth to participate in interactive sessions, training workshops to learn about

Syria wants to improve trade ties with Pakistan

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KARACHI

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akistan Ambassador to Syria Air Marshal (R) Syed Ather Hussain Bukhari, while expressing his willingness to improve trade ties between Pakistan and Syria, said that the security situation of Syria was not as bad as being projected by the media.

“Instead of envisaging negative perception about security situation of Syria by looking at the media reports only, I will examine the ground reality during the next one-and-ahalf month and I believe there are lots of chances to improve trade between Pakistan and Syria”, he added while exchanging views during his visit to the Karachi Chamber of Commerce and Industry.

Chairman Businessmen Group and Former President KCCI Siraj

Kassam Teli, President KCCI Younus Muhammad Bashir, Senior Vice President KCCI Zia Ahmed Khan, Vice President KCCI Muhammad Naeem Sharif and KCCI Managing Committee members were present at the meeting.

Ather Bukhari was of the opinion that Syria was a potential market for Pakistani products and if the overall security situation improves which will be followed by rehabilitation, it will result in opening many opportunities for Pakistani business community. “Although it might be risky right now but higher risks means higher proPitability and if peace prevails across Syria in the days to come, Pakistani business community will surely be in a better position to fully benePit from the situation”, he added.

On the occasion, Ather Bukhari assured to make efforts for bringing a delegation of Syrian business

community to participate in Karachi Chamber’s My Karachi – Oasis of Harmony Exhibition scheduled to be organized in the month of March 2016. He stressed that efforts must be made to promote Pakistani products and services in Syrian market, besides focusing on enhancing visits of trade delegations to both countries. In this regard, Trade Development Authority of Pakistan (TDAP) will also be asked to facilitate visits of such trade delegations, he added.

President KCCI Younus Muhammad Bashir, in his remarks, stated that the Karachi Chamber, being the largest chamber of Pakistan, was keen to enhance trade with Syria but there was a need to effectively market and promote Pakistani products and services in Syria. He said that Pakistan’s Embassy in Syria must focus on identifying the potential sectors and create linkages between the business communities of Pakistan.

success stories, innovative ideas and enhance their knowledge about entrepreneurship, he added.

He said that RCCI has taken the initiative this year to be a part of global entrepreneurship week as a step to facilitate youth, develop stronger private sector, assist the innovators and support the idea of entrepreneurship as a career opportunity.

china chamber delegation meets BgMeA leaders 31-member delegation of China Chamber of Commerce for Import and Export of Textile and Apparel (CCCT) on Sunday met BGMEA leaders and discussed various issues related to garment industry.

CCCT Vice President Zhang Xi’an led the delegation, said a press release issued by the Bangladesh Garment Manufacturers and Exporters Association (BGMEA).

Bangladesh Garment Manufacturers (BGMEA) Senior Vice President Faruque Hassan, Vice President (Finance) Mohammed Nasir and others were present. —CB Report

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Iranian gas exports up 80% in 7th month Thursday November 19, 2015

World

TEHRAN: Exports of gas condensate from Iran’s South Pars gas field rose by 80 percent in the seventh Iranian calendar month of Mehr (September 22-October 22) compared to the same month in the previous year, according to an Iranian oil official.

Gas condensate, a light form of crude oil produced in association with natural gas, accounted for 19.6 percent of the country’s total non-oil exports during the first half of the current calendar year.

Seyed Pirouz Mousavi, the managing director of the Iranian Oil Terminals Company, said Iran exported 14.725 million barrels of gas condensate in the mentioned month, compared to 8.123 million barrels in the same month last year.

Saudi arrests Yemenis for smuggling hashish

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uS: Minnesota couple plead guilty to huge tax scam Shakopee couple pleaded guilty to federal charges in what authorities characterized as a wide-ranging, multimillion dollar income tax refund scheme that preyed on immigrants in Minnesota and Florida. Mark Arlin Hammerschmidt pleaded guilty to conspiracy charges and has agreed to cooperate with authorities investigating the scam.

He faces up to nine years in prison, under the agreement. He also agreed to repay more than $1.8 million in restitution to victims. His wife, Ornella Angelina Hammerschmidt, pleaded guilty to filing a false claim for a tax refund and agreed to pay just over $45,000 in restitution.

The agreement calls for a prison sentence of up to 21 months for Ornella Hammerschmidt. She is a native of Venezuela; she said she understood that her guilty plea may result in immigration sanctions.—CB Report

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audi border guards have foiled an attempt by Yemenis to smuggle 274 kilos (603 pounds) of hashish into the kingdom by boat, a spokesman said.

The smugglers were heading to a site on the Red Sea coast Saturday when a Jeddah-based patrol vessel stopped them, spokesman Sahir bin Mohammed al-Harbi said, quoted by the ofPicial Saudi Press Agency.

They “threw a number of bags overboard after they were surrounded. Four people were arrested,” he said, adding that a Yemeni waiting for them on land was also arrested.

OfPicers recovered the bags, which contained the hashish, Harbi said. Hundreds of thousands of Yemenis live in neighbouring Saudi Arabia, which has been leading led an Arab coalition Pighting Shiite

uS joins turkey to cut off ISIS smuggling route

Huthi rebels there since March.

The interior ministry announced Sunday that anti-drug ofPicers seized almost 30 tonnes of hashish, along with nearly as much heroin and millions of amphetamine pills, during the past Islamic year, which ended in mid-October.

Drug seizures are common de-

spite the death penalty for trafPickers.In May, three Yemenis convicted of trying to smuggle hashish into the kingdom were executed in the southern border region of Jazan.

And earlier this month, Lebanese authorities charged a Saudi prince and other Saudis after a record drug bust.

Saudi authorities seize 22.4m drug pills, arrest 1,776 smugglers 8 months

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audi authorities have seized 22.4 million amphetamine pills and arrested 1,776 drug smugglers during the last eight months of the past Hijri year, the Interior Ministry announced.

Giving a breakdown of the latest statistics on its anti-drug trafPicking operations, the ministry said there was a marked drop in drug smuggling attempts during the last Hijri year, which ended in mid-October, compared to three previous years.

Around 28.8 tons of hashish and 26.2 kilograms of heroin have also been seized during the period, Maj. Gen. Mansour Al-Turki, the ministry’s security spokesman, told a press conference in Riyadh. Al-Turki attributed the decline in drug smuggling operations to a number of reasons, including greater awareness among citizens about the harms of drug abuse and its negative impacts on the individual, family and society at large.—CB Report

S Secretary of State John Kerry said on Tuesday the United States is starting an operation with Turkey to Pinish securing the northern Syrian border, an area that Islamic State militants have used as a lucrative smuggling route.

“The entire border of northern Syria – 75 percent of it has now been shut off. And we are entering an operation with the Turks to shut off the other remaining 98 km (61 miles),” he said in an interview with CNN. Kerry arrived in Paris on Monday to pay respects to victims of Friday’s militant attacks that killed 129 people.

The area where the operations would take place is now controlled by the radical Islamists. The United States and Turkey hope that by sweeping Islamic State from that border zone they can deprive it of a smuggling route which has seen its ranks swell with foreign Pighters and

its coffers boosted by illicit trade.

Under a long-discussed joint U.S.Turkish plan, moderate Syrian rebels, trained by the U.S. army, would be expected to Pight Islamic State on the ground and help coordinate air strikes by the U.S. coalition, launched from Turkish air bases, under the strategy drawn up

by Washington and Ankara.

Diplomats familiar with the plans have said cutting off one of Islamic State’s lifelines could be a game-changer in that corner of Syria’s complex war. The core of the rebels, who number less than 60, would be highly equipped and be able to call in close air support when needed, they say.

But there are major challenges.

Turkey is distrustful of the Syrian Kurdish YPG militia, which has proved a useful U.S. ally in fighting Islamic State. It controls adjacent territory on the eastern side of the Euphrates river, just across from Karkamis and the jihadist-held town of Jarablus.

Malaysian authorities arrest smuggler with 30,000 turtle eggs

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eneral Operation Force (GOF) has seized more than 3,000 turtle eggs from a pump boat heading towards Sabah waters.

The operation that seen a smuggling attempt foiled was led by Senior OfPicer Wan Khalid Wan Omar. Director of Sabah Wildlife Department William Baya thanked the GOF for their success and hoped more can be done to help curb smuggling activities in Sabah waters. Baya added that the smuggling (of turtle eggs) would taint Sabah’s turtle conservation efforts.

“Smuggling (of turtle eggs) taints the

turtle conservation effort in Sabah.

“If all parties can work together in curbing such activity, Sabah will be free of smuggling activity and it will also bring more tourists into the state,” The said in statement. Authority had arrested the boatman to assist investigation and the boat was also seized. The suspect will be charged under Section 41(1) Wildlife Conservation Enactment 1997 as soon as investigation is completed. Under the section, the offense carries Pine of RM50,000 or Pive years jail or both upon conviction.—CB Report

Dubai customs honours 85 clients at ceremony

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ubai Customs on Sunday honoured its 85 clients including importers, exporters, FZ companies, customs brokers, express couriers, handlers, shipping agents, Virtual Corridor users, DC Consultative Council members, top e-services

users and constructive complaint submitters. Sultan Ahmed bin Sulayem, Chairman of DP World and Chairman of Ports, Customs and Free Zone Corporation, Ahmed Mahboob Musabih, Director of Dubai Customs, awarded the clients at a ceremony which was attended by DC top ofPicials and 200 of DC’s clients from all business sectors and domains.

Sultan bin Sulayem thanked the

clients for being their partner in success and excellence. He underlined that the globally acknowledged spearhead status of Dubai at the forefront of almost every Pield of modern progress and growth indexes should not be perceived as a conventional success story nor as a product of coincidence. “All of Dubai Customs accumulated successes are attributed to the kind care and unwavering sup-

port of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, to the Department’s efforts and the vital role it assumes as a catalyst for boosting national economy by facilitating global trade Plow.”

Bin Sulayem, said: “We attach paramount importance to delivering superior client services.

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Port of Rotterdam to raise tariffs in 2016 ROTTERDAM: The tariffs which visiting sea-going vessels pay in the port of Rotterdam will increase by 0.5% next year, half of the past year’s inflation rate, Rotterdam Port Authority said. This is in accordance with the three-year agreement made last year between Deltalinqs, VRC, VNPI and the Port Authority on changes to the port tariffs. At the time, the parties agreed to allow an increase in tariffs equal to half of the inflation rate, with a maximum of 1% per annum, for a period of three years. In the container sector, the Port Authority said it would increase the discount for containers as it aims to increase the number of transhipment containers at the port.

Aframaxes might face headwinds after winter season he Aframax tanker market has been among the beneficiaries of the current rally, as Aframax owners in the West have seen several spectacular spikes this year, with TCE earnings on the benchmark TD7 trade jumping as high as $100,000/day in June. Although the market softened during the third quarter, the fourth quarter started on a promising note.

As shipbroker Gibson noted, freight rates firmed in October and so far in November, being supported by robust trading activity, weather related delays and disruptions in the Black Sea/Mediterranean and more recently uncertain itineraries for several tankers in the North Sea, all of which helped to tighten availability.

According to Gibson, “freight rates could rise further as we head into the winter, as typical weather related delays and disruptions during the season help to generate stronger returns, particularly for ice class tonnage. The highest ice class premium usually develops between February and April, when ice conditions are at their worst.—CB Report

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Georgia Ports Authority officials see uptick in shipping cargo eorgia Ports Authority officials say they’ve noted an uptick in the volume of goods being shipped from the state’s ports.

Officials said in a release Monday that more than 321,000 containers were shipped through the state’s ports in October. Officials say the total is a three percent increase over October 2014. Executive Director Curtis Foltz said during the GPA’s board meeting that officials expect more shipping growth through the holiday season.

Foltz says the ports authority also has been awarded a $990,000 grant from the Environmental Protection Agency through the Diesel Emission Reduction Act. —CB Report

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Ports & Shipping

Thursday November 19, 2015

Imports continue to fall at three biggest seaports

container throughput at major ports increases by 1.92% from April till october ontainer throughput for major ports increases marginally by 1.92 per cent from April till October given the steepest year-over-year monthly fall in exports since July 2009 in the absence of support as given in competing countries, said President, FIEO, SC Ralhan.

While commenting on the container throughput at major state-owned ports in the first seven fiscal months, compared with the same period last year, he stated that the 12 major public ports cumulatively handled 4.76 million 20-foot-equivalent units from April to October, up 1.92 percent from 4.67 million TEUs a year earlier.

He said that for JNPT and Chennai together account for roughly 80 percent of total containerized ocean cargo moving through major ports and Jawaharlal Nehru Port Trust accounted for 2.61 million TEUs, inching up 0.3 percent from 2.6 million TEUs during April to October 2014 while Chennai Port, which is India’s second-largest public container port and busiest on the east coast, was up 1.3 percent to 934,000 TEUs. The data show Tuticorin handled 11.5 percent more containers than a year earlier, reaching 357,000 TEUs, while Cochin increased volumes 8.7 percent year-over-year to 236,000 TEUs. —CB Report

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mports fell in both September and October at each of the three biggest seaports The rush of consumer trafPic at America’s most popular stores in the weeks before Christmas is usually preceded by heavy trafPic at American ports. But not this year.

As The Wall Street Journal‘s Robbie Whelan points out in a report on Sunday, imports fell by 10% between August and October at the country’s three biggest seaports—

Los Angeles, Long Beach, and New York harbor—during a period known as “peak shipping season,” when American retailers are preparing inventories for the holiday rush. Writes Whelan.

Some of the country’s biggest trucking companies and railroads have recently reported weakerthan-expected earnings. Many have cut the rates they charge customers as demand sagged during what is usually their strongest months. For trucking companies in particular the turnabout has been abrupt, with some companies pivoting from expressing concerns about tight capacity to worries about future profits in the space of a few weeks.

How can we reconcile these data,

which show weak demand for imports and for the services that ship goods around the United States, with the conventional wisdom that the U.S. economy is improving enough that the Federal Reserve can raise interest rates next month?

For one, extenuating circumstances can explain what’s going on at American ports. Ports on the West Coast recently suffered through a months-long labor dispute that has made trade data coming out of L.A. and Long Beach difPicult to analyze.

Last October, merchants rushed orders before the strike to make sure they had inventory on hand for the 2014 holiday season. That artiPicially inPlated imports last year and has exacerbated the year-over-year decline.

eBrD pays 53.4m euros for 10.84% stake in turkish port

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HONG KONG

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he European Bank for Reconstruction and Development (EBRD) has paid 53.4 million euros to acquire a 10.84 percent stake in Turkish port operator Global Ports (GPH), completing the transfer of stakes on Nov. 13.

Global Investment, the parent company of GPH, said its stake had dropped to 89.16 percent due to the deal, in a written statement late on

Nov. 12. The company also stated that Thomas Josef Maier, who was recommended by the EBRD, has been appointed to GPH as a board member.

The EBRD had announced in a Sept. 28 statement that it was investing in a minority stake of GPH in order to boost the company’s operations. One of the largest port-operating companies and the largest cruise port operator in the world, GPH has eight ports in Pive countries in the Mediterranean and Asia-PaciPic region. “The proceeds of the bank’s investment will be used to Pi-

nance the company’s future investments in ports in countries where the EBRD invests. Global Ports’ expansion abroad will promote integration among ports and create network synergies, as well as helping to further consolidate the company’s position in the international market,” said the EBRD. Meanwhile, Georgia Ports Authority ofPicials say they’ve noted an uptick in the volume of goods being shipped from the state’s ports.

OfPicials said in a release Monday that more than 321,000 containers

were shipped through the state’s ports in October. OfPicials say the total is a three percent increase over October 2014.

Executive Director Curtis Foltz said during the GPA’s board meeting that ofPicials expect more shipping growth through the holiday season.

Foltz says the ports authority also has been awarded a $990,000 grant from the Environmental Protection Agency through the Diesel Emission Reduction Act. The money is meant to help phase out older diesel trucks to reduce emissions.

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Customs Intelligence to hold auction on November 23 LAHORE: The Customs Intelligence and Investigation will auction seized vehicles and other items on November 23.

The Customs Intelligence will put for auction three Mercedes model 2000, 2003, 1997, one Honda Accord 2000 and a Toyota Surf while other items including smuggled tyres of different sizes, TV and auto parts, packing material battery scraps and other items.

It holds auction of the seized vehicles, and illegally imported items every month at the Directorate Customs Intelligence Lahore.

Thursday, November 19, 2015

CUSTOMS BULLETIN

customs Intelligence seizes 31,900 litres of diesel, 2 oil tankers, 4 vehicles worth rs 10m KARACHI AFtAB chANNA

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he Directorate General Customs Intelligence and Investigation has seized contraband Iran origin 31,900 liters of diesel from a godown on Tuesday.

According to the details, the staff of anti-smuggling under supervision of Assistant Director Kaleemullah has intensified the crackdown on the smugglers and seized contraband 31,900 liters of Iranian diesel from a godown situated at Northern Bypass near Lucky Toll Plaza, Karachi, impounded two oil tankers and four non-duty paid vehicles in a number of recent anti smuggling operations during last week, approximately valuing Rs 10 Millions. The operations were led

by Senior Intelligence Officer Haji Muhammad Aslam, under the supervision of Superintendent Mehmood Abbas, comprising of other team members, Senior Intelligence Officer Saif M.K Hashmi, Intelligence Officer Muhammad Akmal Hashmi, Rana Insram Rabbani and others.

pML-N’s four MNAs vying for NA Finance committee top slot ISLAMABAD

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our members of the National Assembly of the ruling Pakistan Muslim League-Nawaz (PML-N) are lead contenders for the ofPice of NA Standing Committee on Finance and Revenue.

These lead contenders include Shaza Fatima Khawaja, Qaiser Sheikh, Malik Pervaiz and Danyal

Aziz” a well placed source in the committee branch disclosed to this scribe here on Tuesday.

National Assembly Standing Committee will elect chairman on this Friday. The ofPice had been vacant since June 19, this year when the Supreme Court de-seated PMLN’s Omar Ayub Khan from the National Assembly constituency NA19 Haripur in Khyber Pakhtunkhwa and ordered the Election Commission of Pakistan (ECP) to hold a by-election there.

Later, on August 17, this year Pakistan Muslim League -N’s Babar Nawaz won the by-elections

from this constituency while PTI candidate Dr Raja Amir Zaman came in at second place.

Shaza Fatima Khawaja is one of the few politicians who is educated and does not have a fake degree.

She also acted as acting chairperson of the committee during an interim period of suspension of membership of Omar Ayub and later she stepped down for making room for Omar Ayub, who remained chairman of the committee till the judgment of the court.

Similarly, Danyal Aziz, previously, was a member of the Pakistan Muslim League (Q) (PML-Q)

and had served as the chairman of the National Reconstruction Bureau (NRB), an institution of the Government of Pakistan.

Pervaiz Malik is the brother of Malik Qayyum, the close companion of former dictator Pervaiz Musharraf. He is also brother of Yasmeen Rehman, who was member of national assembly from the Pakistan People’s Party, the archrival of the PML-N. Qaiser Ahmad Sheikh is a successful businessman and had been was president of Karachi Chamber of Commerce and Industry (KCCI) from 1987 to 1988.

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

He was president of Aiwan-eTijarat-o-Sanat Hospital from 1998 to 1999. He represented Pakistan at the 7th General Assembly and 12th Executive Committee of the Islamic Islamic Chambers of Commerce in Cairo.

As per rules of business of the National Assembly Chairman of the Standing Committee,, in addition to the salary, allowances and facilities admissible as a member, is entitled to an honorarium of twelve thousand and seven hundred rupees per month; ofPice accommodation with necessary furniture and equipment.