ISLAMABAD: Pakistan’s trade deficit ballooned by 120 per cent to $7.49 billion in first two months (July – August) of the current fiscal year.
(more…)Author: Mrs. Anjum Shahnawaz
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FBR directs IRS officers to submit asset declarations
ISLAMABAD: Federal Board of Revenue (FBR) on Friday directed the officers of the Inland Revenue Service (IRS) to submit Performance Evaluation Reports (PERs) and Declaration of Assets by September 06, 2021.
The FBR through a circular said that PERs or Asset Declaration or both of the following officers, who are in promotion zones, are missing:
Officers of Inland Revenue Service in BS-20:
01. Dr. Shahid Siddiqui Bhatti
02. Dr. Muhammad Naeem
03. Muhammad Imtiaz
04. Dr. Tauqeer Irtiza
05. Amjad Mahmood
06. Yousif Hyder Shaikh
07. Qaiser Mahmood
08. Hyder Ali Dharejo
09. Ms. Sadia Sadaf Gillani
10. Rizwan Ahmad Urfi
11. Abdul Wahid Uqaily
12. Sajid Nazir Malik
13. Dr. Muhammad Sarmad Qureshi
14. Ms. Tehmina Aamer
15. Qasim Raza Khan
16. Shahid Mehmood Sheikh
17. Ardesher Saleem Tariq
18. Muhammad Tahir
19. Muhammad Farooq Azam Memon
20. Syeda Naureen Zahra
21. Nasir Iqbal
22. Imtiaz Ali Solangi
23. Nasir Khan
24. Ms. Fauzia Fakhar
25. Muhammad Irfan Raza
26. Muzaffar Ali Soomro
27. Abid Mehmood
28. Faheem Mohammad
29. Aqeel Ahmad Siddiqui
30. Muhammad Tariq Arbab
Inland Revenue Service officer of BS-19:
01. Muhammad Saleem
02. Mirza Imtiaz Ahmad
03. Asif Rasool
04. Nadeem Bashir
05. Bashir Ahmad Kalwar
06. Abdul Hameed Abro
07. Muhammad Nabeel Rana
08. Dr. Sajid Hussain Arain
09. Murtaza Siddique Khan
10. Ziaullah Khan
11. Dr. Saqib Ahmad Khan
12. Said Munaf
13. Imran Hayee Khan
14. Shaukat Hayat
15. Shahid Soomro
16. Ms. Sajida Kausar
17. Ms. Maryam Habib
18. Ms. Farzana Gohar Ali
19. Muhammad Zaheer Qureshi
20. Muhammad Asif
21. Muhammad Akbar Mahar
22. Pervez Ahmad Shar
23. Syed Khalid Shah
24. Sanaullah Nawazani
25. Muhammad Arshad
26. Amjad Hussain Memon
27. Ms. Adeela Yusuf Khan
28. Faisal Asghar
29. Mazhar Iqbal
30. Mian Muhammad Majid Hayat
The FBR said that failure in the submission of the documents by September 06, 2021, the officer himself/herself will be responsible for non-consideration/deferment/supersession.
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Dr. Najeebullah posted as Commissioner IR AEOI Zone
Dr. Najeebullah, a seasoned BS-20 officer of the Inland Revenue Service (IRS), has been appointed as the Commissioner of the Automatic Exchange of Information Zone (AEOI) in Karachi.
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FBR transfers 56 BS-19-20 IRS officers
ISLAMABAD:Federal Board of Revenue (FBR) on Friday notified transfers of 56 officers in BS-19 and BS-20 of Inland Revenue Service (IRS) with immediate effect and under further orders.
01. Ishtiaq Ahmed Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Legal) Large Taxpayers Office, Lahore from the post of Commissioner, (Sialkot Zone)Regional Tax Office, Sialkot.
02. Amjad Farooq (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence & Investigation (Inland Revenue), Lahore from the post of Commissioner, (Audit-I) LargeTaxpayers Office, Lahore.
03. Sahibzada Abdul Mateen (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Appeals-II), Karachi from the post of Commissioner, (Zone-III) Regional Tax Office II, Karachi.
04. Sajjad Taslim Azam (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit-I) Large Taxpayers Office, Lahore from the post of Director, Directorate of Law, Lahore.
05. Abdul Rehman Bullo (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence& Investigation (Inland Revenue), Karachi from the post of Commissioner, (Audit-III) Medium Taxpayers office, Karachi.
06. Dr. Tariq Ghani (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Audit-III) Medium Taxpayers office, Karachi from the post of Director, Directorate of InternalAudit (Inland Revenue), Karachi.
07. Muhammad Yasir Pirzada (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Appeals-VI), Lahore from the post of Commissioner, (Zone-III) Regional Tax Office, Lahore.
08. Aftab Alam (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-II), Lahore from the post of Commissioner, (Enforcement Zone) Large Taxpayers Office, Lahore.
09. Imran Munir (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-I), Lahore from the post of Commissioner, Commissioner Inland revenue (Appeals-II), Lahore.
10. Muhammad Abid (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Zone-III) Regional Tax Office, Lahore from the post of Chief, (IR Operations) FederalBoard of Revenue (Hq), Islamabad.
11. Haroon Masood (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (WHT) Regional Tax Office, Abbottabad from the post of Commissioner, (Mardan Zone)Regional Tax Office, Peshawar.
12. Dr. Abdul Rehman Rind (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence& Investigation (Inland Revenue), Hyderabad from the post of Commissioner, (WHT) RegionalTax Office, Hyderabad.
13. Ahmad Kamal (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Sialkot Zone) Regional Tax Office, Sialkot from the post of Director, Directorate of Intelligence & Investigation (Inland Revenue), Lahore.
14. Muhammad Safdar (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Admn Pool) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (District IRZone) Regional Tax Office, Rawalpindi.
15. Muhammad Naveed Akhtar (Inland Revenue Service/BS-20) is presently posted as Commissioner, (Zone-II) Regional Tax Office, Gujranwala. He will also hold the additional charge of the post of CIR (WHT), RTO, Gujranwala as per Rules.
16. Muhammad Majid (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit–I) Corporate Tax Office, Lahore from the post of Chief, (Audit & Accounting) Federal Board of Revenue (Hq), Islamabad.
17. Faisal Rauf Memon (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-IV), Karachi from the post of Director, Directorate Intelligence & Investigation(Inland Revenue), Hyderabad.
18. Ms. Nafeesa Satti (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(ICTO Zone) Regional Tax Office, Islamabad from the post of Commissioner, (WHT) Regional Tax Office, Islamabad.
19. Shakeel Ahmad Kasana (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Enforcement-I) Large TaxpayersOffice, Karachi from the post of Commissioner, (AEOI Zone) Commissioner Inland RevenueAEOI Zone, Karachi.
20. Muhammad Asghar Khan Niazi (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Accounting) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
21. Dr. Muhammad Aslam Mari (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Zone-II) Regional Tax Office II, Karachi from the post of Commissioner, CommissionerInland Revenue (Appeals), Sukkur.
22. Imtiaz Ahmad (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Enforcement) Large TaxpayersOffice, Lahore from the post of Commissioner, (Audit-I) Corporate Tax Office, Lahore
23. Zafar Rafiq Siddiqui (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (IR-Policy) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-I) Corporate Tax Office, Karachi.
24. Masood Akhtar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit-I) Large Taxpayers Office, Islamabad from the post of Chief, (Legal Wing) FederalBoard of Revenue (Hq), Islamabad.
25. Ch. Javed Anwar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Legal) Corporate Tax Office, Lahore from the post of Commissioner, (WHT) RegionalTax Office, Gujranwala.
26. Zulfiqar Ahmad (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Enforcement) Large Taxpayers Office, Islamabad from the post of Commissioner, (AEOI Zone) Commissioner Inland Revenue AEOI Zone, Islamabad.
27. Muhammad Ayaz (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Mardan Zone) Regional Tax Office, Peshawar from the post of Commissioner, (WHT Zone) Regional Tax Office, Peshawar.
28. Syed Naveed-ul-Hassan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Appeals-V), Karachi from the post of Commissioner, (Rahim YarKhan Zone) Regional Tax Office, Bahawalpur.
29. Ms. Ghazala Hameed Razi (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate General training & Research (InlandRevenue), Lahore from the post of Commissioner, Commissioner Inland Revenue (Appeals-VI), Lahore.
30. Girdhari Mal Maghwar (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Audit-I) Corporate Tax Office, Karachi from the post of Chief, (ST&FE) Federal Board of Revenue (Hq), Islamabad.
31. Pir Khalid Ahmed Qureshi (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue(Zone-II) Regional Tax Office II, Karachi from the post of Commissioner, (Multan Zone) Regional Tax Office, Multan.
32. Mohy ud Din Ismail (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Legal) Corporate Tax Office, Islamabad from the post of Chief, (Legal Wing) Federal Board of Revenue (Hq), Islamabad.
33. Arshad Nawaz Chheena (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Special Zone) Regional Tax Office, Islamabad from the post of Chief, (Admn Pool) Federal Board of Revenue (Hq), Islamabad
34. Abdul Waheed Khan (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (Legal-II) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-I) Large Taxpayers Office, Islamabad.
35. Zulfiqar Ali Memon (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Audit-I) Large Taxpayers Office, Karachi from the post of Commissioner, (Enforcement-I) Large Taxpayers Office, Karachi.
36. Ms. Fauzia Adil (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-IX), Lahore from the post of Commissioner, (Legal) Corporate Tax Office, Lahore.
37. Sajjad Azhar (Inland Revenue Service/BS-20) has been posted as Commissioner Inland Revenue (WHT) Regional Tax Office, Islamabad on return from deputation.
38. Abdul Hameed Shaikh (Inland Revenue Service/BS-20) has been transferred and posted as Chief, (ST & FE) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (Audit-1) Large Taxpayers Office, Karachi.
39. Mussarat Ullah Khan (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Appeals-II), Islamabad from the post of Commissioner, (Special Zone for Builders & Developers) Regional Tax Office, Islamabad.
40. Dr. Najeebullah (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (AEOI Zone) Karachi from the post of Chief, (IR Policy) Federal Board of Revenue (Hq), Islamabad.
41. Muhammad Nawaz (Inland Revenue Service/BS-20) has been transferred and posted as Director, Directorate of Intelligence & Investigation (Inland Revenue), Peshawar from the post of Commissioner, (South Zone) Regional Tax Office, Islamabad.
42. Asif Haider Orakzai (Inland Revenue Service/BS-19) has been transferred and posted as Chief, (OPS) (Legal –III) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (OPS) (Legal) Corporate Tax Office, Islamabad.
43. Abdul Hameed Abro (Inland Revenue Service/BS-19) has been transferred and posted as Director, (OPS) Directorate of Internal Audit (Inland Revenue), Karachi from the post of Commissioner, (OPS) Commissioner Inland Revenue (Appeals-V), Karachi.
44. Abdul Shakoor Shaikh (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Zone-III) Regional Tax Office II, Karachi from the post of Commissioner, (OPS) (Sukkur Zone) Regional Tax Office, Sukkur.
45. Muhammad Asad Tahir (Inland Revenue Service/BS-19) has been transferred and posted as Director, (OPS) (Media) Federal Board of Revenue (Hq), Islamabad from the post of Commissioner, (OPS) (Zone-II) Regional Tax Office, Sargodha.
46. Dr. Saqib Ahmad Khan (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (WHT) Regional Tax Office, Sialkot from the post of Secretary, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
47. Asif Rasheed (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals-II), Multan from the post of Additional Director, (Inland Revenue) Directorate of Intelligence & Investigation (Inland Revenue), Faisalabad.
48. Ms. Yasmin Yusuf Khan (Inland Revenue Service/BS-19) has been transferred and posted as Chief, (OPS) (TPA) Federal Board of Revenue (Hq), Islamabad from the post of Director, (OPS) (Coordination, Chairman’s Secretariat) Federal Board of Revenue (Hq), Islamabad.
49. Said Munaf (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (South Zone) Regional Tax Office, Islamabad from the post of Additional Commissioner, Regional Tax Office, Islamabad.
50. Muhammad Shamim (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Rahim Yar Khan Zone) Regional Tax Office, Bahawalpur from the post of Additional Commissioner, (Zone-I) Regional Tax Office, Hyderabad.
51. Ms. Sajida Kausar (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue AEOI Zone, Islamabad from the post of Additional Commissioner, (AEOI Zone) Commissioner Inland Revenue AEOI Zone, Islamabad.
52. Muhammad Zaheer Qureshi (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals), Sargodha from the post of Additional Commissioner, (DR (ATIR)) Regional Tax Office, Rawalpindi.
53. Muhammad Akbar Mahar (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals), Sukkur from the post of Additional Commissioner, (LTU Karachi) Large Taxpayers Office, Karachi.
54. Azmat Hayat Ranjha (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Zone-II) Regional Tax Office, Sargodha from the post of Additional Commissioner, (WHT) Regional Tax Office, Sargodha.
55. Mazhar Iqbal (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) (Jhelum Zone (stationed at Jhelum)) Regional Tax Office, Rawalpindi from the post of Additional Commissioner, Regional Tax Office, Rawalpindi.
56. Mian Muhammad Majid Hayat (Inland Revenue Service/BS-19) has been transferred and posted as Commissioner Inland Revenue (OPS) Commissioner Inland Revenue (Appeals), Sahiwal from the post of Additional Commissioner, (Withholding Taxes Zone) Regional Tax Office, Lahore.
The FBR said that the Officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting.
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Saleem Tariq posted as DG Anti Benami Initiative
ISLAMABAD: Ardsher Saleem Tariq, a BS-20 officer of Inland Revenue Service (IRS) has been appointed as Director-General of Anti Benami Initiative.
Federal Board of Revenue (FBR) on Friday notified transfers and postings of officers in BS-20 and BS-21 of Inland Revenue Service (IRS) with immediate effect and until further orders.
Following officers have been transferred and posted:
01. Ms. Aiysha Khalid (Inland Revenue Service/BS-21) has been transferred and posted as Chief Commissioner Inland Revenue Regional Tax Office, Islamabad from the post of Director-General, (WHT) Federal Board of Revenue (Hq), Islamabad.
02. Abdul Wahid Uqaily (Inland Revenue Service/BS-20) has been transferred and posted as Director General, (OPS) (WHT) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (Admin Pool) Federal Board of Revenue (Hq), Islamabad.
03. Ardsher Saleem Tariq (Inland Revenue Service/BS-20) has been transferred and posted as Director General, (OPS) (Anti Benami Initiative) Federal Board of Revenue (Hq), Islamabad from the post of Chief, (IT) Federal Board of Revenue (Hq), Islamabad.
04. Imtiaz Ali Solangi (Inland Revenue Service/BS-20) has been transferred and posted as Chief Commissioner Inland Revenue (OPS) Regional Tax Office, Sargodha from the post of Commissioner, (Zone-II) Regional Tax Office II, Karachi.
The FBR said that the Officers who are drawing performance allowance prior to issuance of this notification shall continue to draw this allowance on the new place of posting.
All above-listed officers have been asked to relinquish/assume charge, using an online HRMS facility made available to FBR or by using their IJP logins.
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PKR recovers against dollar in interbank
KARACHI: The Pak Rupee (PKR) made a recovery of seven paisas against the dollar on Friday. The interbank foreign exchange marke ended at Rs166.91 to the dollar from the previous day’s closing of Rs166.98.
The dollar made a sharp gain early in the day and reached Rs167.20. However, the supply of the greenback during the day helped the rupee to make gains.
The market witnessed the supply of the dollars in the shape of workers’ remittances and export receipts.
Currency experts said that the dollar demand remained high during the day because of the last trading day of the week. However, the supply of the dollar supported the rupee.
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Interbank dollar reaches Rs167.20 in early trade
KARACHI: The US dollar reached Rs167.20 during early day trading on Friday. The greenback further gained 22 paisas against the Pak Rupee (PKR) in the early trade. The foreign currency was ended last day at Rs166.98 in the interbank foreign exchange market.
The dollar made gains for the last four consecutive days against the PKR during this week. The higher import payment demand on the last trading day kept the pressure on the local currency.
Currency experts said that dollar demand for external payments remained high. They said that the rising deficit in trade and the current account is also a major concern for the market.
They said that the country needed an immediate flow of the foreign currency to discharge external payment liabilities without pressure on the exchange rate.
The local unit lost Rs1.63 against the dollar during the past four trading days. The exchange rate was closed at Rs165.62 on August 27, 2021.
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Karachi Customs Intelligence to auction cars on Sept 10
KARACHI: Directorate of Customs Intelligence and Investigation, Karachi has announced the auction of motor cars to be held on September 10, 2021.
Following motor cars will be presented for the auction:
01. Mercedes Benz E-230 Car, Reg. No. AAJ-106, Model-1997 Chassis No. WDB2100372A189414 Color Grey 2294cc
02. BMW 7 Series E66 745Li Car, Reg. No. BCP-523, Model-2002 Chassis No. WBAGN62000DE55455, H.P. 4400cc Color White
03. Toyota Mark X Car, Reg.No.AMQ-020, Model-2006 Chassis No.GRX121-3001124, H.P.3000CC, Color Pearl White
04. Toyota Marks-X Car Reg No.ASP-663 Model 2005 Chassis No.GRX121-1005188 color pearl white H.P 2994 CC
05. Honda Civic Car Reg No.AKY-342 Model 2004 Chassis No.JHMES56804S201499 color Black H.P 1590 CC
06. Toyota Marks-X Car Reg No.BBF-001 Model 2005 Chassis No.GRX120-0045540 color pearl white H.P 2499 CC
07. Toyota Marks-X Car Reg No.ARN-690 Model 2005 Chassis No.GRX120-0021588 color Silver H.P 2500 CC
08. Toyota Surf Jeep Reg. No. BG-0235 Model 2000 Chassis No.VZN185-9047191 color White H.P 3378 CC
09. Toyota Hilux Surf Reg. No. ABC-600 Model 1997 Chassis No.KZN185-9022690 color Silver 2982 CC
10. Toyota Prado Jeep, Reg No. WAA-225, Model 1996 Chassis No.VZJ95-0001689 Color Blue H.P 3378 CC
11. Toyota Mark-X Car Reg No. LED-14-7246, Model 2005, Chassis No.GRX121-1005846 color Pearl White H.P 3000 CC
12. Toyota Corolla X Reg No. AGS-666, Model 2001, Chassis No. NZE124-3003485 Color White H.P 1500 CC
13. Suzuki Swift Car Reg No. BCF-996, Chassis No.ZC11S-166252, 1300CC , Model 2006, Color Silver
14. Toyota Mark-X Car having dummy/fake Reg plate / Mark ASY-789 Karachi, Chassis No. GRX120-0067707, 2499cc Model 2006, Color Pearl White
15. Toyota Surf Jeep having dummy/fake Reg. plate / Mark BF-8481, Chassis No. RZN185-0045234, 2700cc Model 2001, Color Pearl White
16. Toyota Premio Car having dummy/fake registration plate / Mark ARL-786, Chassis No. ZZT240-5014560, Engine No.INZ-A477200, 1794cc Model 2003, Color Pearl White
17. Toyota Prado Jeep having dummy/fake registration plate / Mark GS-0864, Chassis No. KZJ95-0061884, 2982cc Model 1997
18. Honda Civic Reborn (Hybrid) Car, without Registration plate/Mark, ASP-765 Karachi Chassis No.FD3-1005399, Engine No.DAA-FD3, 1300 CC Model 2006, Color Silver
19. Toyota Surf Jeep having dummy/fake Reg plate / Mark BC-5511, Chassis No. VZN185-0357462, Model 2001, Color Golden
20. BMW-(545i Series) Car, having dummy/fake registration plate / Mark without Registration plate/Mark, Chassis No.WBANB32070B360916 ,Model 2004, Color Black,
21. Suzuki Swift Car having dummy/fake Reg plate / Mark AWA-248, Chassis No.ZCI 1S-123498, Model 2005, Color Black
22. Toyota Vitz Car having dummy/fake Reg. plate / Mark BDA-756, Chassis No. KSP90-2067642, Model 2008, 1000 cc Color White,
23. Toyota Mark-X Car having dummy/fake registration plate / Mark AZU-931, Chassis No. GRX120-0040846, Model 2005, 2500 cc Color White,
24. Honda Accord Car, having dummy/fake registration plate / Mark Reg. No. AXY-881, Chassis No. CL7-3006381, Model-2003, Color Silver
25. Old & Used Toyota Land Cruiser Jeep Bearing Registration No. 493301 (Bahrain), Chassis No. JTMDU09J3E5087856, Engine No. 1GRB000618, Model 2014, 4000CC, Color Pearl White
26. Old & Used Toyota X Corolla Bearing Registration No. AWV-409 (Karachi), Chassis No. ZZE122-3001965, 1500CC, Model 2000, Color Silver
27. Old & Used Toyota Mark-X Registration No. ARV-871 (Karachi), Chassis No. GRX120-0045784, 2500CC, Model 2005, Color Pearl White
28. Old & Used Toyota Corolla Car Bearing Registration No. AAM-180 (Quetta), Chassis No. AE100-002618, Model 1992
29. Old & Used Suzuki Swift Car having Dummy / Fake Registration Plate / Mark AUJ-037 (Karachi), Chassis No.ZC11S-166072 1300CC, Model 2006 Color Silver
30. Old & Used Toyota Hilux Surf Jeep having Dummy / Fake Registration Plate / Mark E-1412, Chassis No.LN130-7023698 Engine No. 2L-3254319, Model 1992, Color Black
31. Old & Used Toyota Land Cruiser Lexus LX-470 Jeep bearing Registration Plate / Mark. CC-52-33 (unregistered) Chassis No.UZJ100-0016994, Engine No.2UZ-0026202, Color Rose Mist, Model 1999, 4700CC
32. Old & Used Toyota Land Cruiser Jeep (Cygnus)having Registration Plate / Mark AJKF-8208 Chassis No.UZJ100-0160781, 4663CC.Model 2006, Color Pearl White
33. Old & Used Toyota Mark-X Car Regd No.AAK-405, Chassis No.GRX121-1005389, 3000CC, Model 2005 Color Pearl White
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SECP warns against investing in fraudulent schemes
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday warned the general public against investing in any fraudulent investment schemes, which promise hefty profits and unrealistic incentives.
The SECP has been constantly clarifying that mere registration of a company, does not authorize it to solicit deposits from the general public or offer investment schemes.
It has been observed recently that a company namely “Econex Sales and Marketing (Private) Limited” is offering various packages to attract the public to its unlawful business activities of multi-level marketing (MLM) and referral marketing.
The said company is using its registration status with SECP to win public confidence, deceptively implying that such activities are being undertaken through SECP’s regulated platform.
As clearly provided in the explanation of section 301 of the Companies Act, 2017, raising unauthorized deposits from the general public, indulging in referral marketing, MLM, Pyramid, and Ponzi Schemes are unlawful activities in terms of explanation of section 301 of the Companies Act, 2017.
The SECP, in accordance with the provisions of the Companies Act, has initiated necessary legal action against M/s Econex Sales and Marketing (Private) Limited.
In view of the foregoing, the general public is hereby expressly advised in their own interest to be careful, not to invest their hard-earned money or indulge in illegal schemes launched by this company, actively being propagated through social media accounts and pages.
The same caution may be exercised in the case of any other company involved in any illegal deposit-taking, unauthorized investment, or MLM schemes.
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FTO declares Car Amnesty Scheme illegal
ISLAMABAD: Federal Tax Ombudsman (FTO) has declared an amnesty scheme for customs clearance of stolen imported cars without legal action.
Customs authorities’ decision about clearance of stolen imported cars under Transfer of Residence, Baggage Scheme or Gift Scheme upon payment of redemption fine and taxes without following any legal provision has been decleared illegal by the Federal Tax Ombudsman.
In an own motion investigation, the FTO Islamabad found that the decision taken in Customs conference held at the then CBR (FBR) on 02.08.2006 was illegal.
The FTO’s investigation committee also underlined that without following due legal procedures such decisions will promote illegal import of stolen vehicles and facilitate international criminal activities.
In this connection, FTO issued notices to Federal Board of Revenue (FBR). The FBR submitted report that Customs collectorates in Sialkot and Peshawar had cleared six and three such stolen imported vehicles in 2007 and 2013-2014 respectively.
The FTO also recommended FBR to direct all Collectorates of Customs and other concerned authorities to stop these illegal practices forthwith.
The Customs authorities were also directed that the stolen imported vehicles either should have been returned to authorities of the country from where vehicles were stolen after receiving occurring expenses or these vehicles should have been confiscated and disposed of through public auction.
The committee also recommended FBR to direct MCC Sialkot to seize identified six vehicles and take appropriate legal action against importers involved in such illegal businesses.
The FTO ordered a report from the competent authorities to be submitted within 45 days. Earlier, the FTO took the Own Motion in connection of the decision taken in Customs Conference held at the then CBR (FBR) on 02.08.2006, in which it was decided that the Collectorates may clear stolen imported vehicles after imposition of 30 percent redemption fine under the Provision of Customs Act 1969 while no action should be taken unless recognized agency of the foreign country approaches government of Pakistan.