Controlling evasion of customs duties

Customs duty is around one-third of the government's total tax revenue. Excise and customs wing of the National Board of Revenue (NBR) collects customs duties together with value added tax, supplementary duties, infrastructure development surcharge, and advance income tax at import stage. The recent trend however is that customs duties...

BIMSTEC summit silent on Rohingya crisis

Participated by the heads of states and governments and representatives of South Asia and Southeast Asia, the fourth summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) was held in Kathmandu on August 30-31. Repeatedly deferred, it took place four years after the previous summit...