Sep 10

Pakistan Cracks Down on Hawala and Hundi Operators, Arrests 59 Individuals

Karachi, September 10, 2023 – Pakistan has taken decisive action against individuals engaged in illegal currency operations, arresting approximately 59 people involved in the clandestine world of hawala and hundi. The arrests were announced by Caretaker Interior Minister Sarfaraz Ahmed Bugti during a press conference held on Sunday.

by Mrs. Anjum Shahnawaz

Pass Track launched for currency declaration at Pakistani airports

Feb 3

National, Taxation, Top stories

Pass Track launched for currency declaration at Pakistani airports

ISLAMABAD: Pakistan Customs has launched a mobile application namely ‘Pass Track’ for online currency declaration for incoming and outgoing foreign passengers from / to the country.

by Mrs. Anjum Shahnawaz

Customs launches operation against illegal cross-border foreign currency movement

Dec 17

Pakistan Customs

Customs launches operation against illegal cross-border foreign currency movement

ISLAMABAD: Pakistan Customs has launched operation against illegal cross-border movement of foreign currency and other valuables.

by Mrs. Anjum Shahnawaz

Preventing currency smuggling top priority: FBR Chairman

Oct 16

National, Taxation, Top stories

Preventing currency smuggling top priority: FBR Chairman

ISLAMABAD: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) has said that prevention of currency smuggling is top priority of Pakistan Customs. The FBR chairman identified top priority arrears of the government to combat smuggling of currency, vehicles, and goods. Besides, prevention of mis-invoicing was also one of the top priorities, he added. READ MORE: […]

by Mrs. Anjum Shahnawaz

Pakistan makes currency declaration must at air ticket booking

Aug 18

Money & Banking, National, Top stories

Pakistan makes currency declaration must at air ticket booking

KARACHI: Pakistan has made it must for all international air passengers to declare foreign currency at the time of ticket booking. The country has taken the decision to comply with the conditions of Financial Action Task Force (FATF) for preventing money laundering and terror financing. READ MORE: Pakistan launches online currency declaration Sources in Civil […]

by Faisal Shahnawaz

Customs foils bid to smuggle Qatari Riyals

May 16

Pakistan Customs

Customs foils bid to smuggle Qatari Riyals

ISLAMABAD: Pakistan Customs has foiled a bid to smuggle Qatari Riyals worth $38,500 at Peshawar Airport, a statement said on Monday, May 16, 2022 Pakistan Customs has seized Qatri Reyals worth $38,500 at Peshawar Airport. A passenger named Imran Khan, Passport No. 1570-65304-1 resident of Dir Upper was departing for Qatar via Qatar Airlines, on […]

by Mrs. Anjum Shahnawaz

FBR tightens monitoring to prevent currency smuggling

May 15

Money & Banking, Pakistan Customs, Taxation, Top stories

FBR tightens monitoring to prevent currency smuggling

ISLAMABAD: The Federal Board of Revenue (FBR) has tightened monitoring to prevent currency smuggling in the wake of free-fall in rupee value against the foreign currencies. A statement issued on Sunday stated that FBR Chairman Asim Ahmad had instructed customs field formations for stepping up vigilance to ensure monitoring of passengers to stop currency smuggling. […]

by Mrs. Anjum Shahnawaz

FBR rebuts currency smuggling to Afghanistan

Sep 24

Pakistan Customs, Taxation

FBR rebuts currency smuggling to Afghanistan

ISLAMABAD: Federal Board of Revenue (FBR) strongly rebutted the reports of currency smuggling from Pakistan to Afghanistan. In a statement issued on Friday, the FBR categorically rebutted the unfounded, malicious intent and misleading in content propaganda being advanced by some irresponsible elements that there was a huge flight of dollars from Pakistan. It is further […]

by Faisal Shahnawaz

Tax Amendment Ordinance: 14-year jail, penalty of ten time of value for currency smuggling

Jan 1

Pakistan Customs

Tax Amendment Ordinance: 14-year jail, penalty of ten time of value for currency smuggling

ISLAMABAD: The government has introduced very harsh penalties for offence of currency smuggling. The government enhanced the jail term to 14 years for currency smuggling above $200,000 besides ten time of value of the currency would be recovered as penalty. Federal Board of Revenue (FBR) on Wednesday issued ‘Tax Laws (Second Amendment) Ordinance, 2019’ have […]

by Mrs. Anjum Shahnawaz

China gives four scanners to Pakistan Customs for preventing currency smuggling

Jan 11

Pakistan Customs, Taxation

China gives four scanners to Pakistan Customs for preventing currency smuggling

ISLAMABAD – In a gesture of goodwill and cooperation, China has donated four advanced X-Ray scanners to the Pakistan Custom Wing of the Federal Board of Revenue (FBR).

by Mrs. Anjum Shahnawaz