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PakISTaN’S fIRST INDEPTh NEwSPaPER ON CUSTOMS
Daily
Vol 1 Issue No. 248
Karachi, Sat November 28, 2015
ISLAMABAD
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ederal Minister for Ports and Shipping Kamran Michael has said that Pakistan is committed to the safety and security of the shipping industry and the country fully endorses the efforts made by the International Maritime. He said this while addressing the 29th regular session of the Organisation (IMO) Assembly where he was
leading Pakistani delegation. The session is being held at the IMO Headquarters in London from November 23 to December 03, said a press release received here. The minister called for concerted efforts of all the member states to ensure safety and security of mariners at sea. Pakistan Navy and Pakistan Maritime Security Agency fully participate in the patrolling of assigned areas and would be willing to further play its part in ensuring safety and security, he said. Emphasizing the importance of international and regional maritime trade for Pakistan, the Minister for Ports and Shipping briefed
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the delegates on the construction of deep draft port at Karachi. He also outlined the efforts made by Pakistan to effectively control and manage environmental pollution caused by the shipping industry. These included implementation of International Convention on Oil Pollution Preparedness, Response and Co-operation (OPRC), and establishment of Maritime Pollution Control Board to monitor the environment. On this occasion, the minister also offered, on behalf of the people and Government of Pakistan, deepest condolences to the delegates of France and Mali on the recent terror attacks in the countries.
Intelligence DG Imtiaz for finalising strategy against smuggling
Additional Collector Tahir Qureshi says PIA staff involved in smuggling
Ishaq Dar calls on Pakistan’s development partners
Faisalabad Customs seizes non-duty paid Nissan truck
Mamnoon Hussain stresses to increase GDP growth rate to 7%, fix tax
DG Imtiaz has reached Karachi and had meetings with Director Asif | SEE PagE 02 |
At least 1,264 mobile phones and nine bottles of liquor worth Rs 25.20 m | SEE PagE 03 |
Dar has met with a delegation of Pak development partners from Japan | SEE PagE 04 |
Faisalabad Customs Intelligence team has successfully seized a non-duty paid truck | SEE PagE 12 |
Mamnoon has proposed fixed tax for unorganized sector, allocating primary | SEE PagE 09 |
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IHC orders telecom companies, LDI operators to pay WHT Saturday, November 28, 2015
National
ISLAMABAD: The Islamabad High Court (IHC) on Thursday directed telecom companies and Long Distance Calling (LDIs) operators to pay withholding tax on the royalty. Justice Aamer Farooq of the IHC also dismissed LDIs claim that royalty (payments made by telecom companies to LDIs) was their profit, hence the FBR could not charge withholding tax on the payments. The judge termed LDIs self-claimed profit as royalty and dismissed linked.net plea seeking suspension of withholding tax charged and claimed by the FBR. Advocate Hafiz Munawar Iqbal, counsel of FBR, argued stating that LDIs and telecom sector companies were depriving of billions.
Intelligence Dg Imtiaz for finalising strategy against smuggling
LAHORE
KARACHI
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unjab Governor Malik Muhammad Rafiq Rajwana has assured the traders that the government will resolve the issue of 0.6 percent withholding tax on banking transactions and a committee has already been constituted to redress the grievances of the traders and formulate acceptable accord. He was talking to the delegation of the traders comprising of Sheikh Muhammad Aslam Bhalli Patron-in-Chief Supreme Anjuman Anjran, President Anjuman-e-Tajiran Javaid, Secretary Abbas Haidar Sheikh, Muhammad Amin Butt, Chaudhary Khalid Jatt, Shehbaz Gull Butt, Members Punjab Assembly Sheikh Ejaz Ahmad Vice Chairman WASA, Mian Irfan Mannan at Circuit House here on Wednesday. The governor said that the government is fully aware the traders’ reservations about the 0.6 percent withholding tax, adding that the Prime Minister has already constituted a high-power committee in which representatives of the traders are also part of the committee. The governor said that the committee will surely give due consideration to the trading community about the withholding tax and the issue will be solved amicably.
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ustom Intelligence and Investigation Director General Imtiaz Ahmed has reached Karachi and had meetings with Director Asif Marghoob Siddiqui and Additional Director Nadeem Ahsan to Rinalize the grand crackdown against smuggling. D.G Custom Intelligence Imtiaz Ahmed also will meet with Chief Collector Appraisement South Abdul Rasheed Shaikh, Chief Collector Enforcement South Zahid Khokhar and Collector Preventive Tariq Huda. These ofRicers will have a meeting with DG Rangers Major General Bilal Akbar on Thursday 26 of nov 2015 to deliberate upon the anti-smuggling strategy. And on same day, D.G Imtiaz Ahmed will meet Director Enforcement Intelligence Yaqoob Mako, Additional Director Farrukh Sajjad and Deputy Director Amjad Rajpar. Sources said that these meetings are meant to make such a strategy for smugglers and unscrupulous elements. By showing their performance in a great mission Zarb-e-Azb, the government and military Army leadership is committed to be Rinished terrorism from our beloved country Pakistan and it needs to remove and clean all funding lines to these elements. There is a evidence
Rafiq Rajwana assures to resolve 0.6% withholding tax issues amicably
that smuggling is creating the terrorists, terrorism and anti-social elements. Customs higher authorities will discuss and make decision after meet all concerned departments on board including civil administration, law enforcement and intelligence agencies. Custom high authorities have done all homework to catch all smuggled goods and all illegal elements. Directorate General of I&I Customs is supervising this anti-
smuggling campaign where as Director Asif Marghoob Siddiqui and Collector Tariq Huda will start crackdown against smuggling. Sources said that the smugglers and unscrupulous elements had developed their connections everywhere and move forward several unknown trade bodies, which were created as pressure groups and use them in wrongdoings. Sources said the authorities were
expecting such a reaction when markets and concerned people would be raided and to deal with such situations law enforcement agencies had been taken onboard. Resources’ said that, DG I&I Customs Imtiaz Ahmed said the main and basic purpose of his visit in Karachi was to meet with ofRicers and give them encouragement to start an operation upon smugglings and the smugglers.
Dr Muhammad Iqbal likely to become new fBR focal person ISLAMABAD
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r. Muhammad Iqbal is likely to be next focal person Federal Board of Revenue (FBR). Focal persons are appointed in ministries and departments in order to improve the communication of information
between the media and the government. Similarly, a focal person at the FBR interacts with media on regular basis as well helps the overseas Pakistanis and their families for answering their queries related to tax matters. Previously, Shahid Hussani Assad was focal person and after him, Member Facilitation and Tax Education (FATE) Dr. Nadeem Dar is performing duties as an interim focal person of FBR. “In this regard, FBR is likely to issue a notiRication in next one or
two days,” a source privy to Dr. Muhammad Iqbal told this scribe here on Thursday, after National Assembly Standing Committee on Finance meeting. The source further said that deliberations at the higher level had almost completed regarding appointment of new focal person as well as Dr. Muhammad Iqbal had also been conveyed about his new assignment Some six days back, through issued notiRication, the FBR has transferred Dr Muhammad Iqbal
(Inland Revenue Service/BS-20) from SA to Secretary, Revenue Division/Chairman, FBR, Federal Board of Revenue (Hq), Islamabad, and posted him at important position of Member, (Operation) (SPR&S) Federal Board of Revenue (Hq), Islamabad. His responsibilities as Member, (Operation) (SPR&S) is to formulate revenue targets and do strategic planning for their achievements, in consultation with line members. Similarly, provision of analysis of data relating to collec-
tion of taxes i.e. Direct Taxes, Indirect Taxes, Customs Duty etc. and Riscal updates on revenue generating efforts is also important obligation of his ofRice. Moreover, as Member, (Operation) (SPR&S) he is assumed to conduct studies, as suggested by other Wings, particularly sectoral analysis on tax contributions and to coordinate with other Rinancial institutions as well as to perform any other duty or task assigned by the Chairman, FBR.
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Multan Custom earns Rs 5.2m through auction MULTAN: The Model Customs Collectorate has earned Rs 5.2 million through auction of non-duty paid vehicles and other goods here Thursday. According to the official sources, Customs held open sale/auction for the confiscated vehicles and goods at Custom House here. All the auctioned vehicles and items were seized by Anti-smuggling squad of the department. The auction of confiscated tyres was stopped on stay order given by the court, sources added.
fBR scrutinising data of k-Electric over tax evasion of Rs 111 billion
Saturday November 28, 2015
National
additional Collector Tahir Qureshi says PIa staff involved in smuggling
KARACHI
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he Federal Board of Revenue (FBR) has started scrutinizing the tax record filed by K-Electric. The authorities are conducting these investigations after receiving credible reports that the company is allegedly involved in tax evasion of Rs 111 billion. Sources told Customs Today that the FBR issued many notices to the K-Electric, asking to clear outstanding tax amount. Sources also said that that K-Electric failed to deposit the amount of sales tax in national kitty after receiving bills from the consumers. Sources also disclosed that K-Electric avoided to pay tax from last few years while on the other hand FBR investigations in this regard are in final stages.
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Customs Court declares accused proclaimed offender LAHORE
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he Special Customs Court of Taxation and Anti-Smuggling has declared an accused, Zia Shaukat, as proclaimed offender for not attending the court hearing since long. As per the details, a case had been registered against the accused under Section 156 of the Pakistan Customs Act, 1969, by the Regional Tax Office Lahore in January 2015. Section 6,7,8,8 and 3 were also imposed on the accused person in the FIR. However, the accused was not attending the court proceedings since registration of the case despite issuance of many notices to ensure his appearance in person before the court, but he failed to comply with the instructions. Taking legal action, Special Judge Chaudhry Ameer Muhammad Khan declared the accused, Zia Shaukat a resident of Faisalabad as proclaimed offender and ordered him to appear before the court within 30 days.
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t least 1,264 mobile phones and nine bottles of liquor worth Rs 25.20 million have been recovered from a PIA employee the other day, stated Additional Collector Air Freight Unit (AFU) Tahir Qureshi. Addressing a press conference at old terminal (Haj terminal), the additional collector said that the Deputy Collector of Customs had information that an attempt would be made to smuggle a huge quantity of foreign origin contraband mobile phones and liquor on PIA Rlight No. PK-502 arriving from Turbat to Karachi with the active connivance of the PIA staff. Sources also revealed that the PIA aircraft was originally deployed on Sharjah–Turbat sector and then for Karachi. In order to execute the information, a team of Customs officers was constituted for surveillance of the crew members, passengers and the baggage of the domestic flight in the Domestic Arrival Hall, he added. During surveillance, a passenger later on identiRied as Fida Hussain son of Phaleen was suspected and intercepted carrying a black trolley bag without claim tag in the domestic Arrival Hall. The scrutiny of his documents revealed that the said passenger was a PIA baggage attendant holding PIA
Card No. 48129 who had traveled on the Rlight from Turbat to Karachi against Boarding Card bearing Seat No. 5A, Additional Collector Tahiq Qureshi added. The trolley bag of the suspect was searched which resulted into the recovery of nine bottles of liquor. However, as a result of continued surveillance, seven (07) assorted trolley bags were lying abandoned on the conveyor belt. When no one came forward to claim the owner-
Information was received about an attempt to smuggle foreign-origin contraband mobile phones and liquor on PIa flight Pk-502, and to execute the information, a team of customs officers was constituted for surveillance of the crew members, passengers and the baggage
LTBa seeks extension in filing of income tax returns LAHORE
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he Lahore Tax Bar Association (LTBA) has sought extension in date of Riling income tax returns up to December 31 and wealth tax until March 31 2016 in order to facilitate genuine taxpayers.
Talking to Customs Today, LTBA President Munsha Sukhera and General Secretary Qamaruz Zaman said that they had already written a letter to FBR Chairman Nisar Muhammad Khan, in which they said that the bar members and taxpayers have faced numerous problems in Riling returns due to which they failed to Rile their returns on time. They added that the FBR issued the last draft of the income tax return in the Rirst week and online system started functioning in third week of September 2015 and
still having functional problems whereas the Income Tax Ordinance 2001 has provided three months statutory time to Rile a return. They held that for the Rirst time the government has withdrawn concessions and exemptions on Riling returns of wealth which is also a cause to delay in Riling of returns. On the other hand, administrative over-doings are also creating issues for the LTBA members, they said adding that most data entries in return and wealth statement are not editable.
ship of the trolley bags and hand bags, the passenger was asked whether these packages belong to him or not. But he could not give a satisfactory reply. However, ofRicials checked all the packages and found 1,264 mobile phones worth Rs 25. 20 million. The passenger was arrested and a 10-day remand was obtained from the court of special judge (customs and taxation) Karachi. Further investigations is in progress.
fBR defines categories of e-filers he Federal Board of Revenue (FBR) has publicly announced the categories of e-filers who must use electronic system to file tax returns. According to the details, the FBR has made it clear that the taxpayers, including companies, trusts, salary persons, who are registered to the sales tax department and claim for tax refunds, cannot file the tax returns manually.
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Ministries for regulation of e-commerce in Pakistan Saturday, November 28, 2015
Business
ISLAMABAD: Ministries of Commerce and Information Technology have decided to jointly work out a framework for the regulation of e-Commerce in the country. The framework will provide guidelines for the fast increasing business of electronic commerce. This is an effort to lure multinationals like PayPal, E-bay, Amazon and Ali Baba to bring their businesses to Pakistan as the country now boasts a sophisticated and highly developed mobile and internet network system. The decision was taken in a meeting co-chaired by Minister for Commerce Engr Khurram Dastgir Khan and Minister for State for Information Technology Anusha Rehman.
kSE loses 119 points to close at 32960 on last trading day KARACHI
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he Karachi Stock Exchange benchmark KSE-100 index down 0.36 per cent, losing 119.10 points to drop to 32960.27 points level at closing on Friday, the last trading day. The market recorded the highest trading level of 33132.67 points and lowest level of 32820.28 points, with the total volume of 81,769,430
fIa recovers foreign currency, arrests 8 suspects
shares, having Rs5,387,672,148 value. As many as 323 companies were active; of which 138 advanced,
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ederal Investigation Agency (FIA) has seized illegal foreign currency worth millions of rupees and arrested eight persons. The FIA team conducted raid in ‘Chowk Yadgar’ area against illegal business of foreign currency, said FIA Deputy Director Qazi Hameed. He said agency ofRicials conducted raids in the currency exchange market.
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total traded volume of 23,891,550 shares, while Cable & Electrical Goods were the second traded sector with the volume of 15,204,700 shares. The three top traded companies were Sui South Gas with a volume of 16,240,000 and price per share of 42.98 (-0.93), Pak Elektron with a volume 13,311,000 of price per share of 66.10 (0.66), TRG Pak Ltd with a volume 10,335,000 of price per share of 38.59 (-0.16) The top three advancers were Exide (PAK) with price per share 977.92 (15.92), Shield Corp with price per share of 297.15 (14.15) and K.S.B.Pumps share of 253 (12. 10).
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leading petroleum watchdog has asked the government to take measures to overcome the energy shortage. The Petroleum Institute of Pakistan (PIP) has launched the 5th edition of its flagship bi-annual Pakistan Energy Outlook (PEO) document during the Annual Technical Conference being held here. PIP CEO Asim Murtaza Khan said that the PEO Document attempted to further advance the relevant policy deliberation and to offer its contribution to the energy sector, said a press release issued here. The set of recommendations identified in this document provides the long term energy solutions for Pakistan for securing higher GDP growth and economic development on sustainable basis. It highlights core areas of focus for the industry and the Government as well as provides policy guidance and recommendations to increase activity and investment in the sector, with focus on oil and gas exploration and energy efficiency. Khan further elaborated that the research work behind the document examines the existing infrastructure (oil and gas assets), market conditions, investment climate and competitive landscape of upstream, midstream and downstream sectors.
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Ishaq Dar calls on Pakistan’s development partners
PESHAWAR
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172 declined and 13 remained unchanged. Oil & gas marketing companies was the top traded sector with
PIP asks govt to take steps to meet energy shortages
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ederal Finance Minister Ishaq Dar has met a delegation of Pakistan’s development partners from Japan, Australia, EU, Norway, USAID and Asian Development Bank. The meeting followed Government of Pakistan, Economic Affairs Division (EAD) and ADB’s signing ceremony relating to establishment of
Pakistan National Disaster Management Fund, programme loan for Energy Sector Reform, project loans of advance metering infrastructure project and new customer information and billing system for IESCO and LESCO, said a statement issued by Ministry of Finance. The Minister complimented contribution of ADB and other development partners for establishment of Disaster Management Fund. He said that the idea of having such a fund was put forth during the largely attended donors conferences organized last year. It was a common realization of all our development partners that there
was need to have this fund in view of the recurring natural calamities. The Minister said it was good to see the fund being launched in a short span of time. He specially appreciated the pioneer role played by ADB in this regard. He said the Government of Pakistan on its part would consider contribution for the fund in future and also expected the development partners to contribute to it. Country Director ADB Werner Liepach on this occasion said that establishment of the Disaster Management Fund and the energy sector reforms is a matter of great pride for him personally as well as ADB.
Mobilink, warid Telecom reach merger agreement ISLAMABAD
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he two leading cellular companies of Pakistan have announced merger as Mobilink and Warid Telecom have reached a collaboration agreement. According to a joint press release, Mobilink will Rirst acquire 100 per cent of Warid’s shares in consideration for the Dhabi Group (parent
company of Warid) shareholders acquiring approximately 15 percent of the Mobilink shares. The merged entity will serve over 45 million mobile customers and will become the leading high-speed mobile network in Pakistan, claims the release. The merger will create synergies worth $500m. “The transaction is expected to close within six months from today, subject to obtaining approvals from the relevant authorities in Pakistan and the
satisfaction of customary closing conditions,” according to the release. “We are delighted to announce the agreement with the Dhabi Group shareholders to combine our businesses in Pakistan. With the addition of Warid to our already strong customer base at Mobilink, we will serve more than 45 million customers and offer a best-in-class mobile and high-speed data network – a key factor in the digital enablement of Pakistan’s economy,” said
Jean-Yves Charlier, chief executive ofRicer of the VimpelCom, Mobilink’s parent company. Meanwhile,The adoption rate of smartphones as compared to featured phones in the country would be increased to 51 per cent by 2020. Current smartphone adoption rate of 15 percent in Pakistan is likely to grow to over 300 percent to reach 51 percent within next Rive years as primary barrier for adoption of smartphones, i.e. prices are
coming down to below 100 $ dollars, a report entitled “Building Digital Societies in Asia” published by GSMA said. The report said average price of smartphones dropped down to 200 $ in 2014, down from 329 $ in 2008. Further down the line, smartphones below 100 $ are now becoming a reality, however, there is a clear need for more vendors manufacturing these low prices phones to become more common in growth markets.
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inance Minister Ishaq Dar and Chairman Federal Board of Revenue (FBR) Nisar Muhammad Khan, Thursday, aptly defended government’s decision of levying 0.3% Withholding Tax on bank transactions of Rs 50,000 made by non Rilers before the National Assembly Standing Committee on Finance. Both expressed their strong determination to resolve the issue within next few days, assuring the committee that traders and business community would beneRit from government’s policy of WHT on bank transactions. “Around one hundred thousand new Rilers have been inducted in tax net since the imposition of WHT on bank transactions and it has increased the number of Rilers higher than one million” they apprised the committee. Dar said that government wanted to facilitate traders in acceleration of business activities but traders must also pay tax to the government on reciprocal basis. In the ongoing sessions with business community representatives, the other side agreed on a number of occasions, however,
later they presented some different demands which were not likely to be met by the government” he added. Shedding light on these demands, he said that traders wanted whitening of their current capital as well as no questioning source of their previous assets and it was not possible for government to come up to their demands because WHT was not an amnesty scheme. Nisar Muhammad Khan, told the committee that an revenue of Rs 8 billion had been collected from 0.3% WHT on bank transactions so far and approximate tune of revenue from this practice would be Rs 18 billion. Committee proposed lowering the WHT ratio from 0.3% to 0.2% on bank transactions by non-filers for a specific period of three or four months to save business community from a sudden shock. However, both the Dar and Nisar urged the committee to avoid making any strong recommendation, which could provide a way of tax pilferage to the business community. At this committee did not press on its recommendation. Meanwhile, The federal Government has decided to increased regulatory duty on 313 imported items and will issue a Statutory Regulatory Order (SRO) for the purpose in three days, it is learnt here.
According to details, the government is looking to overcome the revenue shortfall and to achieve the revenue target. To accomplish this, the government is ready to increase regulatory duty on the imported items, including all types of fruits, dairy products, chocolates, biscuits, pickles, tomatoes, toothpaste, marble granite, all types of vegetables, animal food, and others.
te r I s h a q s i n i M e fi n a n c ernment v o g s y a ers D ar s at e t r a d t i l i c a f o wa n t s t r at i o n o f in accele ities but ac tiv b u s i n e s s a l s o p ay t a x ust traders m ernment on v t o t h e g o l b a s i s. a reciproc
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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
Poor water management
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hen it comes to water management, the policymakers are as worse as they are in financial discipline, industrial management and other economic sectors. Water is life but growing population and depletion of water resources are emerging as the biggest challenge not only for the economy of Pakistan but also for the economies in the rest of the world. Pakistan is an agricultural country but level of underground water has reached 1,700 m3, revealing a drastic fact that the country lies within the group of countries which are experiencing periodic water shortages. According to Falkenmark Indicator, a country is considered water scarce when its renewable water resources are between 1,000 m3 and 1700 m3. The per capital availability of water in Pakistan, having a population of 34 million at the time of independence, was 5,260 cubic meters (m3) which decreased to 1,032 m3 in seven decades. Now the population is increasing at one of the fasts rates in the world and the availability of water is declining at the same speed. According to a study of the Water and Power Authority, the per capita water availability will be 909m3 by 2020 and the situation will get even worse when it will decrease to 769m3 by 2050 in the country. The coming generations are prone to face the challenge of water scarcity when it will reach below 500m3. If this situation goes on, one can imagine what will be fate of agriculture as well as of the economy in this country. The biggest challenge before the policymakers is not to increase water resources, but water management. The annual flow of water in Indus system is 140-145 million acre feet (MAF) with storage capacity of only 14.06 MAF and burden of storage lies only on three dams. The average storage capacity in the world is 40 percent with 20,000 MAF water availability and 8,000 dams. River Nile, which flows through Sudan and Egypt, has the storage capacity of 281 percent or 132MAF while Sutlej Bias Basin in India has the annual capacity of 35 percent. Pakistan has one of the worst water management systems in the world. When water scarcity is haunting agriculture and energy sectors, the country allows average water flow of 30 MAF into the Arabian Sea against ecological needs of 20 MAF.
Challenges to economy and resilience T
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he country has been facing various challenges, including threatened security and sagging economy, due to some unavoidable factors at home and conspiracies by external forces, especially by India against the state of Pakistan. There is a need to implement writ of the government in various regions of the country where insurgency is on the rise and smuggling of goods and drugs is threatening security and economy of the country. According to a report of the Legatum Institute, Pakistan has shown remarkable resilience against terrorism and will mud-
dle through the myriads of vexing challenges in future. The report ranks Pakistan at 130th on the Global Prosperity Index out of 142 countries in the world. The report says that Pakistan has shown itself as a source and recipient of instability, but it has also been remarkably resilient. As a matter of fact, the conflicting reports about Pakistan and its economy seem a kind of subterranean move by India and other hostile nations to degrade one of the most powerful Islamic countries in the world. According to the report, ever since Bhutan launched Gross National Happiness Index in 1972, many other countries followed the suit by readjusting and realigning their socio-economic
programmes. The countries have included healthcare and education services, life expectancies, poverty and employment rates in the broader definition of national prosperity while the index is formulated on the logic that prosperity is more than just the accumulation of material wealth. The index comprises eight categories which are — economy, entrepreneurship and opportunity, governance, education, health, safety and security, personal freedom and social capital. Norway has once again grabbed the top position in the list for the seventh year in a row, followed by Switzerland, Denmark and New Zealand while Haiti, Afghanistan and the Central African Republic are at the bottom of the list in
that order. With regard to Pakistan, it is behind Bangladesh and India, but good news is that it has improved its performance in four out of eight categories. Since the Pakistan army has started operation against terrorists, the security of the country has considerably improved while governance and personal freedom have also shown signs of improvement this year. The country has the lowest level of satisfaction with freedom of choice in the region during the last Rive years, but there is improvement in the personal freedom. Though these kinds of reports are prepared with speciRic agenda, they are warning shots for the governments in developing countries to improve their performance.
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China’s gold imports from Hong Kong fall in October SINGAPORE: China’s net gold imports from main conduit Hong Kong fell in October from a 10-month high reached in the previous month, data showed on Thursday. Net gold imports from Hong Kong declined to 71.581 tonnes last month from 97.242 tonnes in September, according to data emailed to Reuters by the Hong Kong Census and Statistics Department. Imports in September were the highest in 10 months. The drop at the top consumer follows three straight months of increases as banks and retailers stocked up for the national day holiday in the first week of October, when gold sales typically pick up. “Consumers bought gold during the October holiday, but the buying has eased after that,” said a trader with a bullion bank in China. “ The import volumes are still quite high and November should also be similar,” he said.
he exports of surgical instruments from Sialkot increased by $2 million, as these exports jumped to $339 million from $337 million during the fiscal year 201415. Chairman Surgical Instruments Manufacturers Association of Pakistan (SIMAP) Muhammad Ashraf Raza while talking to the newsmen at his office here today. He said that
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main reason behind this increase in surgical exports from Sialkot-Pakistan was the easy access of Sialkot based surgical instruments’ exporters to the new international markets. He said that the Sialkot exporters are now exploring the new international trade markets of surgical exports in China and even in the African Countries. He said that the entry into Chinese markets was very difficult task, as there was requirement of registration of the companies first in China before doing business there and this process of the registration was very difficult in China. Chairman SIMAP added that however, Sialkot based surgical instruments manufacturing and exporting 11 big companies have got them registered there in China for bringing the surgical instruments exports business to Sialkot-Pakistan. He said that the Surgical Instruments Manufacturers Association of Pakistan (SIMAP) has recently organized and international standard Dental Shown in China , in which 18 companies from Sialkot actively participated. Chairman SIMAP revealed that the Sialkot based surgical instruments’ exporters have touched the international trade markets in China.—CB Report
Chambers
Mamnoon hussain for increasing gDP growth rate to 7% P
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resident of Pakistan Mamnoon Hussain has proposed Rixed tax for unorganized sector, allocating primary education exclusively for women, enhanced role of private sector to increase GDP growth rate to 7 percent and expeditious completion of energy projects to spur national economy. He was addressing achievements Award Ceremony of Faisalabad Chamber of Commerce and Industry (FCCI). The President in its speech encompassed multifarious problems relating to all sectors of life and told that in 1999 he had proposed Rixed tax but it could not be processed due to the change of the Government. He said that organized sector is paying its taxes and to bring the unorganized sector into the tax net, FPCCI should work on this proposal to make it acceptable for the unorganized sector. He said that taxes are like blood in human body and each and every person should pay its due tax liability in order to contribute its role in the overall development of Pakistan. He
feared opposition to this proposal from IMF but stressed that we must adopt suitable tax strategy appropriate to our own system. He said that the Rixed tax would facilitate tax payers from all income and sales tax related liabilities. Regarding main streaming of women, President Hussain said that 50 percent of our population is consisted of women. This must be in-
volved in productive economic activities. In this connection, President also proposed that primary education could be exclusively allocated for women. It will have a salutary impact on our society starting from the education of the girls and their involvement in education sector; he said and hoped that it will pave way to utilize 50 percent of the dormant female pop-
LESCO appoints focal persons for LCCI
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he Lahore Electric Supply Company (LESCO) appointed focal persons for the Lahore Chamber of Commerce and Industry to overcome the challenges of new connections, extension of load and over billing. The decision was made by the LESCO Chief Executive OfRicer Qaiser Zaman while speaking at the Lahore Chamber of Commerce and Industry. The LCCI president Sheikh Muhammad Arshad, senior vice president Almas Hyder, former presidents Shahid Hassan Sheikh, Mian Muzaffar Ali and Farooq Iftikhar also spokes on the occasion while executive committee members were present in the meeting. The LESCO chief spoke at length and threw light on the issues being
faced by LESCO. He said that shortage of technical staff is one of the main reasons of governance issues. He said that Technical Advisor LESCO Chaudhry Mohammad Anwar and Director Customer Service Mohammad Khalid would look into the issues of new connections and over billing. He said that LESCO is making all out efforts to overcome the line losses and situation is getting better with every passing day. He said that LESCO recoveries are also at record level while latest technology is being used to control line losses. He said that LESCO has decided to install 75000 smart meters that help control losses from outer circles. He said that a cell has been established for the monitoring of industrial connections. peaking on the occasion, the LCCI President Sheikh Muhammad Arshad conveyed the reservations of
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Surgical instruments’ exports from Sialkot increased by $2m
Saturday November 28, 2015
trade and industry to the LESCO Chief and urged him to address these issues without any delay. The LCCI president said that existing 14 percent line losses should be less than 10 percent as line losses are one of the biggest reasons of energy crisis. He stressed the need for using latest technology to control electricity theft. He said that heavy over billing is hampering the trade and economic activities and business community is deep trouble as electricity is the basic raw material of industrial sector and Rluctuation in its prices affects the input cost. He said that the Lahore Chamber of Commerce and Industry had received a number of complaints from LCCI members regarding over billing by LESCO. Over billing is bound to add to people’s problems as they were already suffering due to inRlation.
ulation for productive economic gains. President urged upon the women to get highest education. They should go abroad for education but they should not copy the western culture blindfolded. Pakistani girls should wear their own dress and their behavior should also be reRlective of true Pakistan social and cultural values. Regarding GDP growth, he said that at the moment, it was 4 percent which should be 7 percent to make a breakthrough in the economic front. He said that private sector and particularly FPCCI have to take this responsibility and generate much needed economic activities. He assured that the Government was already making efforts to overcome loadshedding of electricity which will either be eliminated or minimized to the lowest level by 2018. He also spelled out has four social sector priorities including health, education, support to the people belonging to Rine arts and Jehand against corruption and misappropriation. He said that corruption is eating up our economy and society has to play its due role to discourage it.
Missouri Chamber elects new chairman he Missouri Chamber of Commerce’s board of directors on Thursday elected AT&T Missouri President John Sondag as its new chairman. “Over the years, I have come to learn that with the Missouri Chamber, their mission is much more than words on paper,” Sondag said in a statement. “This is an organization that is putting action behind the words. That action is being guided by Missouri 2030, our strategic plan. I feel like this project has the potential to truly transform our state for the better.” Sondag has been AT&T’s Missouri president since 2010 and has worked for the company since 1978. Separately, the Missouri Chamber of Commerce said it has recognized 27 Missouri lawmakers who had a “perfect” voting score in 2015.—CB Report
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Police arrest four in fuel smuggling case Saturday November 28, 2015
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KATHMANDU: Police detained four people from Belchowk-7 in Bharatpur, Chitwan, on Monday night on the charge of smuggling aviation fuel. Deputy Superintendent of Police Rajan Adhikari said the suspects were detained along with a Kathmandu-bound tanker (Na 2 Kha 4365) carrying aviation fuel from Nepalgunj. Tanker driver Somlal Blon of Makawanpur, Kishwori Patel of Birgunj, Binod Awasthi of Belchok in Chitwan, and Awasthi’s employee were held. A police patrol team detained the accused while the tanker driver was selling around 2,000 litres of fuel to Awasthi. Police said the tanker driver offered bribe to cover up the matter. Investigation suggests Awasthi purchased the fuel at Rs 100 per litre. “A detailed probe is under way,” said Adhikari, adding that two others, except Blon and Awasthi, could be innocent.
Turkey imports face mandatory inspection by Russian customs
Dubai Customs’ Innovation Lab to bolster airport service DUBAI
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ll imports from Turkey now face mandatory inspection by Russian customs and not everything is getting through. Even perishable goods have become the victim of red tape after the downing of a Russian warplane by Turkey near the Syrian border. According to reports from local media, Russian customs are checking all cargo coming from Turkey, and seizing any goods with improper paperwork. Starting Wednesday, customs have inspected every container of Turkish goods in Novorossiysk, one of Russia’s major Black Sea ports, a dispatcher working there told Vedomosti daily. There was no ofRicial guidance from the Russian authorities, he said. It’s within the rights of Russian customs to carry out fastid-
Canadian police seize cocaine, pot worth over $1m “large quantity of drugs” including cocaine and pot worth over $1 million was seized during a raid on the Mountain Wednesday, police say. Officers started investigating two apartment units on Hempstead Drive after getting reports of “suspicious activity” in the area. They got a search warrant, and once inside, found six men in the process of harvesting a marijuana grow op, police say. Officers also seized a large amount of processed pot as well as evidence of cocaine trafficking, cash and ammunition. The evidence seized is estimated to be worth over $1 million, police say. Six men from the Hamilton and Stoney Creek areas raging in age from 29-years-old to 49-years-old were arrested and are facing drug trafficking charges.—CB Report
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ious inspections of goods. But according to the dispatcher, such inspections in the past were rare and applied to only Rive to ten percent of the goods coming from Turkey. Prior to the dispute between Russia and Turkey over Tuesday’s jet incident, the two countries were trading in a ‘green corridor mode’ that implies simpler customs clearance. Trade between Russia and Turkey from January to September
totaled $18.1 billion, a decrease of 20 percent compared to the same period last year. The volume of Russian imports was $3.1 billion, a drop of almost 40 percent. A third of Russian imports from Turkey are food and agriculture. A quarter makes up imports of machinery and equipment, and 17.6 percent in clothing and footwear, according to the Russian Economic Development Ministry.
Customs confiscates 57 smuggled premium elephant tusks from africa
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ustoms ofRicials in China yesterday conRiscated 57 premium elephant tusks which were illegally smuggled in from Africa in deRiance of the country’s intended ban on ivory trading. The huge haul, which the authorities estimate to be worth around 8.2 million yuan (£847,500), is said to be the largest conRiscation of tusks this year. The tusks were declared as timber and hidden in a vast container Rilled with broken up pieces of wood, allegedly imported from Uganda. Po-
lice in Xiamen, south-east China, where the tusks were seized have detained a suspect who is said to have purchased the ivory in June in Uganda. The alleged suspect, named only as Huang, is reported to have attempted to smuggle his haul into south Guangdong Province for processing and sale at £200 per kilo on the black market. In early November, Chinese authorities in eastern Jiangxi Province announced that they had seized over 600 kilos of ivory.—CB Report
ubai Customs has crowned its rich program of activities for this year’s inaugural UAE Innovation Week with an exciting and inimitable event, never seen at the level of local Customs administrations. Under the effective patronage of H.E. Sultan Ahmed bin Sulayem, Chairman of Ports, Customs and Free Zone Corporation, Dubai Customs today Tuesday 24 November 2015 rolled out its First Government Innovation Lab – Passenger Operations under the theme “We Innovate to Make You Happy”. The mega brainstorming event was declared open by H.E. Ahmed Mahboob Musabih, Director of Dubai Customs, at Dubai’s iconic Burj Al-Arab hotel, in presence of eminent government and public Rigures, including Mohammed Juma Nasser Boussaiba, Director General
of Federal Customs Authorit, and Major General Pilot Ahmed Bin Thani, Assistant Commander for Seaports and Airports at Dubai Police, as well as around 100 government ofRicials and professionals from various Rields. The Rirst edition of the Innovation Lab, organized by DC Passenger Operations Department, was dedicated to generating fresh ideas and innovative initiatives with the ultimate aim of “making people happier” by boosting Customs service at Dubai airports to further enhance passenger experience. The laboratory agenda consisted of three main brainstorming themes: “Community Happiness”, “Customer Happiness”, and “Employee Happiness”. H.E. Sultan bin Sulayem, chairman of Ports, Customs and Free Zone Corporation, said: “The UAE Innovation Week initiative is an opportunity for us to interact with a treasure of ideas from the public, experts and top ofRicials to achieve a quantum leap in the level of service delivered to our customers, our staff and our community.
US Customs stops 13 passengers due to wrong exit at airport
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S Customs and Border Patrol say 13 passengers on a Rlight from Cancun to New York did not pass through customs. U.S. Customs and Border Protection ofRicials said they are looking for passengers from an international Rlight who did not pass through customs after landing in New York City. Federal ofRicials said 76 passengers were on an American Airlines Rlight from Cancun to John F. Kennedy International Airport in New York. When the Rlight arrived, 13 passengers were ushered through the wrong exit. “Due to an
airline error, 13 of the 76 passengers inadvertently exited through a domestic gate before being processed by CBP,” Customs and Border Protection spokesman Anthony L. Bucci said in a statement. Ten people have since returned for processing, but three U.S. citizens still need to be screened. “CBP and JFK airline security personnel and the airport authority are conducting an investigation regarding the incident and will implement measures to prevent similar occurrences in the future,” Bucci stated.—CB Report
S Lankan Customs seizes foreign currency worth Rs 300b
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ri Lanka Customs states that it had seized an amount of over Rs.300 000 million of foreign currency that was to be illegally exported, so far this year. Customs Spokesperson Leslie Gamini stated that there were 39 such attempts to
move foreign currency abroad illegally thus far this year. He added that the a special investigation has been commenced into the racket surrounding black money and money laundering. Meanwhile, A duty free shop employee attempting to smuggle foreign currency valued at Rs. 11.5 million was nabbed by Air Force ofRicers at the Bandaranaike International Airport (BIA), Katu-
nayake. The 58-year-old duty free shop employee at the BIA, a resident of Nattandiya, was handed over to the Customs. Customs Media Spokesman Lesley Gamini said that the man had tried to take the money into the airport by concealing the foreign currencies inside his shoes and pockets. The Customs believe that the suspect may have taken the money to hand it over to a foreign
currency smuggler to take it out of the country. Customs ofRicers found US$ 30,850, Australian $11,000, Singapore $ 15,000 and Euro 28,500 in the suspect’s possession. Investigations are being by Deputy Director of Customs Mihira Piyarathne, D.M.S. Pundits, Superintendent of Customs T.M. Wijekulasooriya, K.A. Wickramanayake, Assistant Superintendent of Customs.
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Turkmenistan keens to enhance Caspian Port potential ASHGABAT: Turkmenistan, one of the five Caspian-littoral countries, has proposed to hold an international meeting to discuss boosting the potential of ports of the Caspian states. This offer was made by Turkmen President Gurbanguly Berdymukhamedov during the high-level talks with his Iranian counterpart Hassan Rouhani in Tehran on November 22-23. “Currently a major project is underway to construct the Turkmenbashi International Sea Port, which will help develop mutual transport links with the Iranian ports of Anzali and Neka on the Caspian Sea,” Berdymukhamedov said.
global LED shipments to increase by 20% to 30% in 2016 lobal LED shipments in 2016 will increase 20-30% on year in volume and about 5% in value, Nichia’s chief legal and IP officer Katsuyuki Akutagawa said at a press event in Taipei on November 25. Nichia finished development of direct mountable chip (DMC), a new flip-chip LED technology, in March 2015 and began volume production in October, the company said. Application of DMC LED chips will be extended from lighting currently to backlighting in 2016, with expected adoption by Japanbased vendors for high-end LCD TV models and international smartphone vendors, Nichia indicated. Production cost for DMC LED chips is likely to drop 20-30% in 2016. Nichia currently has 30% of consolidated revenues coming from automotive LED and LED backlighting each, 20% from LED lighting and 20% from LED display and others, the company said. Sales from automotive LED and LED lighting are expected to increase by 20% and 10-20% on year in 2016.—CB Report
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Merger talks between CMa CgM and NOL highlight consolidation
lobal LCD TV shipments for 2015 will total 216 million sets, according to the latest estimation by WitsView. Shipments in 2015 will represent a slight annual decline, for the first time since the shipment slide in 2013. In the short term, consumer spending will generally remain weak due to the sluggish pace of the global economic recovery and currency fluctuations. In 2016 the year will unlikely deliver pleasant surprises as well because these macroeconomic factors will continue to affect the market. WitsView projects that global LCD TV shipments for 2016 will arrive at around 220 million sets, up 1.85% year on year. —CB Report
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ndia remains a hot market for smartphone manufacturers, according to the last data from IDC. Shipments of intelligent handsets in the country rose 21.4% year-over-year during the third quarter. 28.3 million units shipped from July through September this year, up from the 23.3 million that was delivered during the same time period last year. While shipments of 4G phones in India tripled during the third quarter yearover-year, Samsung became the leading manufacturer of 4G handsets in the country replacing Lenovo. Samsung also is the largest smartphone manufacturer in the country overall, partly due to the sequential 13.1% growth rate it had in the third quarter. India’s own Micromax, the company behind the successful YU smartphone brand, was next after scoring a 6.4% gain in shipments from the second quarter. Intex used its production of entry-level handsets priced under $50, to take third place in the Indian market. The company grew its shipments by 9.4% sequentially from July though September. Lenovo moved up to fourth place after growing its shipments 9.4% sequentially in Q3, which dropped Lava down to fifth place. The latter saw its sales decline a sharp 24.9% from the second quarter to the third quarter of this year.—CB Report
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LCD TV shipments to boost 2% in 2016
Indian smartphone shipments increase 21.4% in Q3 of 2015
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n the Bayonne Bridge, high above the water that connects New York harbour with New Jersey’s Newark bay, workers are starting to build a new roadway 64 feet above the existing one. This ambitious construction project will clear the way for the new generation of giant container ships to reach New Jersey’s bustling terminals, part of the US east coast’s busiest port complex. The need to raise the Bayonne
Bridge highlights how container shipping lines are betting on scale to solve their deep-rooted problems partly by investing in bigger vessels and, in some cases, by embarking on mergers. The latest evidence of this came on Sunday when France’s CMA CGM announced it was in exclusive talks to buy Singapore’s Neptune Orient Lines, a lossmaking line that operates under the APL brand name. Yet the question for the industry is whether the quest for scale will alleviate or exacerbate a looming crisis resulting from the collapse in demand to ship goods to China, container shipping’s biggest single market. Average freight rates to move a forty-foot container on the
world’s main east-west trade routes have nearly halved since August to about $840, as the industry’s capacity growth far exceeded demand. Many analysts say that a purchase of NOL operator of just 2.6 per cent of the world’s Rleet might provide CMA CGM with little respite from these tough conditions. Meanwhile, The Senate will investigate the lease of Darwin’s port to a Chinese company as part of a broad ranging inquiry into the sale of strategic national assets to foreigners. Also examined will be the lease of the NSW electricity network TransGrid and the decision to block the sale of the Kidman pastoral properties.
world Bank helping Malaysia develop national port
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he World Bank is assisting Malaysia to develop a national port strategy to better position its ports sector as a critical facilitator of economic growth. A 10-month study that will provide recommendations that make up the core of the new strategy is underway and due to be completed in the Rirst quarter of 2016. According to the World Bank, the
primary aim of the study is to deRine the role of government in planning, regulating, managing and empowering the ports sector as a driver of economic development as well as economic activity in its own right. “While Malaysia has been successful in capturing increasing amounts of transshipment container volumes, consistently gaining share from Singapore since at least 2004, this outcome contrasts with a comparatively less successful track record of growth in hinterland (import-export) container and bulk volumes,
particularly outside of the primary Port Klang complex,” the bank said in a description of the project. A lack of effective and integrated government policy direction in terms of promoting trade competitiveness, increasing transport efficiency, and better integrating Peninsular Malaysia, Sabah, and Sarawak domestically and internationally, is thought to be behind the lack of success in this area, it added. “Meanwhile, international competition for port market share has intensified across Southeast Asia, not
only in traditional powerhouses like Singapore and Hong Kong, but in emerging, aspiring hubs like Vietnam and Indonesia that also have hinterlands that attract manufacturing and other import-export activity.” The study is being carried out by the Hong Kong office of international consulting firm ICF International. As well as reviewing Malaysia’s position in global and regional container shipping, the study will provide an assessment of challenges facing the country’s core container ports.
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Sialkot FIA arrests two suspected human traffickers SIALKOT: The Federal Investigation Agency (FIA) has arrested two suspected human traffickers, Nayyer Qureshi and Humayun Iqbal, from Sialkot for sending the local youth abroad illegally on fake student visas. According to Deputy Director FIA Gujranwala Region Ch Anees Khalid, the accused had been running a black business of sending the local youth abroad, especially to European, African and Gulf countries under the guise of their private training academy, besides, extorting big amounts from them.
Saturday, November 28, 2015
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faisalabad Customs Intelligence seizes non-duty paid Nissan truck worth Rs 4.5m FAISALABAD NaEEM ShEIkh
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he Faisalabad Customs Intelligence and Investigation team has successfully seized a non-duty paid Nissan truck. The market value of seized vehicle is Rs 4,500,000/-. Sources told Customs Today that Saud Imran, director Customs Intelligence and Investigation Faisalabad, received credible information regarding non-duty paid vehicles plying on the road. He constituted a customs team comprising Muhammad Tahir Iqbal (SIO) Muhammad Mansoor and Muhammad Farzand Ali ( IO ) Mukhtar Ahmed and Muhammad Iqbal (sepoys). The Customs team intercepted the smuggled vehicle near Gutwala Park Sheikhupura Road Faisalabad and asked accused person who is identiRied as Muhammad Azam son of Abdul Hameed to produce legal documents regarding possession of the truck, but the driver of the truck failed to produce any legal documents. The Customs team seized the truck and registered a case against accused peron.
PNSC to grab 40% share of total national cargo transportation ISLAMABAD
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akistan National Shipping Corporation is determined to grab 40% share of total cargo transportation by 2020. Presently, total 80% imported oil is being transported by vessels of (PNSC). PNSC will increase the tune of business from $17 to seven billion per year in next Rive years. Sources privy to chairman
PNSC told this scribe here on Thursday that last year’s oil crisis was also because of dispute between PNSC and PSO over payments of receivables from each other. PNSC manages corporate activities by a board of directors constituted by the Federal Government. Five of these Directors including the Chairman were nominated by Government (majority shareholder), while two Directors were elected by the Shareholders. In this regard, PNSC needs availability of capital so that it may approach for international contracts for earning business. There-
fore, PNSC demands provision of credit facility at least equal to receivables from PSO and other national organizations. Summary related to this demand moved by Ministry of Ports and Shipping is lying pending with the Executive Coordination Committee of the Cabinet for approval, once this approval is given then PNSC will be able for devising a daring business deals in the international business. To save national foreign exchange reserves, PNSC must also be given contract for transportation of imported LNG from Qatar. It will not only save the national
foreign exchanges reserves but also enhance the proRit of the PNSC. Since PNSC is a strategic national asset, therefore, Ministry of Defence Production and Ministry of Commerce must also force subsidiaries to use PNSC vessels for the import and export of goods to save national exchequer. Only with the support of the government departments PNSC can come up to its vision of of becoming prominent player in global shipping by maintaining diversiRied marine assets. However, even then PNSC claims to be provider of reliable and efRicient shipping services to
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overseas and Pakistan’s sea borne trade, maintaining relationship of integrity and trust with our customers, partners, employees, safeguarding interests of our stakeholders and contributing towards betterment of national economy, society and the environment. It is pertinent to note here that Pakistan National Shipping Corporation (the Corporation) was established under the provisions of the Pakistan National Shipping Corporation Ordinance, 1979 and is principally engaged in the business of shipping, including charter of vessels, transportation.