Custom central region collects Rs15 billion in October

LAHORE (Staff Reporter): The Custom Central Region has surpassed its revenue collection target set for the month of October 2017. According to details, the Central Region was assigned revenue target of Rs.13.64 billion in respect of all duty and taxes for the month of October,2017 and its collection stood at Rs.15.15 billions, which is 11% excess of its assigned current target and 34% excess of targets achieved in October, 2016, last year. This was stated by the Chief Collector Customs, Central, Lahore while chairing a meeting with collectors and officers of the Central Region, regarding successful achievement of assigned revenue targets. The Chief Collector Customs, Central, congratulated her team on this unprecedented growth in respect of revenue collection and hoped that the Central Region will witness similar success in coming months as well. He said that revenue target for Customs duty for the month of October,2017 was Rs.4896.71 million, whereas Rs.5361.35 million were collected.

, showing an increase of Rs. 464.64 million, which is 9% excess from the allocated target and 54% excess of Customs Duty collected during the month of October 2016 last year.

Footballs export increases by 8.53pc during 1st quarter

ISLAMABAD (APP): Pakistan earned $37.808 million from the export of footballs during the first quarter of the current fiscal year, showing an increase of 8.53 percent as compared the same period of last year. According to the data of Pakistan Bureau of Statistics, during last fiscal year, the country earned $34.837 million by exporting footballs. In terms of quantity, the footballs export increased by 19.91 percent during July-September (2017-18) as compared to the export of July-September (2016-17). As many as 771,000 dozens of footballs were exported from the country during first quarter of the current year as compared to the export of 643,000 dozens during the same period in last year. Meanwhile, on year-on-year basis, footballs export from the country increased by 18.74 percent during September 2017 as compared to the corresponding period of last year. Footballs export during September 2017 was recorded at $12.296 million as compared to the export of $7.830 million in September 2016.

PFIA calls for withdrawal of regulatory duty on over 750 items

LAHORE (Staff Reporter): Pakistan FMCG Importers Association (PFIA) has once again called upon the government not to ignore the clamour being made by almost all the business and industrial sectors regarding withdrawing the recently imposed regulatory duty on over 750 items including raw materials of some industries. PFIA Chairman Anjum Nisar, Senior Vice Chairman Nafees ur Rehman Bari and Vice Chairman Muhammad Ejaz Tanveer made this appeal at a meeting of the Association held here on Wednesday. They said that it is unfortunate that while taking such big steps, which are equal to place a mini budget, stakeholders are not taken on board. They said it seemed bureaucrats had advised the government of curtailing the budget deficit by imposing additional duties but it is not a proper way. They said that the government had not bothered to take even the parliament in to confidence while imposing the additional regulatory duties.

Broadband subscribers cross 48.13m

ISLAMABAD (APP): The total broadband subscribers including for 3G and 4G services crossed around 48.13 million mark in the country till September this year, registering a reasonable growth rate with each passing month. As per latest figures issued by Pakistan Telecommunication Authority (PTA), the number of broadband users was around 46.9 million till August 2017 and major contribution in one month has been made in shape of 3G and 4G subscribers by mobile phone operators which reached 46 million by August. The tele-density of total broadband has reached 22.6 per cent while tele-density for mobile broadband touched 21.6 per cent mark till the period mentioned. Total mobile phone subscribers in the country have reached 141 million mark with tele-density of 70.25 till August, 2017. The number of broadband subscribers in other technologies included DSL 15,53,062, HFC 51,226, Wimax 1,55,747, FTTH 52,749, EvDO 5,68,368 and other 9,264 subscribers.

Experts of telecom industry are having a viewpoint that portable mobile broadband devices like MiFi and Wingles are one of the main reasons of this growth in 3G/4G subscribers and many more will follow this trend in upcoming days.

Meanwhile, country's largest mobile phone operator, Mobilink has overtaken its competitors as 3G/4G player after official figures were released by PTA. Jazz subscribers base was 13.7 million 3G and 1.35 million 4G till the period mentioned.

A senior official of the company said key to this leading position is consistent investment to further innovate on behalf of subscribers by delivering not just the best 3G/4G and voice network, but also improvements in customer service, and product lines.

As per statistics, the 3G subscribers of Zong have now extended to 8.91 million and 4.7 4G users by end of September 2017. The number of Telenor 3G subscribers was 10.71 million and 9,96,004 4G users till the period mentioned above. An increase has also been observed in Ufone subscribers base, reaching 5.5 million 3G users by September 2017 from 5.3 million till August this year.