Saturday, 10 September 2011

FBR confirms 24,000 containers missing

Chairman Pakistan’s Federal Borad of Revenue (FBR) has confirmed that some 24,000 containers have gone missing from January 2007 to October 2010.

While giving briefing to National Assembly’s standing committee meeting, Salman Siddique said that about 350,000 containers were bring into Pakistan under Afghan Transit Trade from January 2007 to October 2010.
He also confirmed that 265 containers of ISAF – International Security Assistance Force – were also lost during this period.
He assured that the investigation of the missing containers has almost completed.
He maintained that national deposits will suffer a loss of Rs five billions due to the missing container because a number of duties and taxes would not be paid.
Chairman FBR also admitted that the objective of flood surcharge could not be attained.
He also said that show-cause notices have been issued to the culprits including importers, clearing agents, terminal/port operators, custom officials, shipping agents and transporters.

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