Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Palladium dips but remains above $1700 an ounce

December 19, 2025

Jim Cramer says buy Nike’s steep post-earnings fall. Here’s why

December 19, 2025

Wall Street inches up, underpinned by tech shares

December 19, 2025
Facebook X (Twitter) Instagram
Friday, December 19
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Customs data purge raises red flags over audit integrity – Business & Finance
Economist Intelligence

Customs data purge raises red flags over audit integrity – Business & Finance

adminBy adminJuly 26, 2025No Comments2 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 68


LAHORE: The Pakistan Customs is facing criticism for purging import-export data older than five years from its central digital repository, WeBOC.

The data purge, which began in March 2025, is part of the transition to the Pakistan Single Window (PSW) platform. However, this move has raised concerns about the transparency and accountability.

The purge may disrupt statutory audits, particularly for oil and gas imports, where audits are conducted after five years to levy surcharges or recover duties. Furthermore, several court cases involving customs fraud and misdeclaration, some dating back over five years, may be impacted, potentially compromising justice and revenue recovery.

The data purge has also resulted in limited access, with only the deputy collector RMS retaining limited access to legacy data. This centralizes control and restricts oversight, raising concerns about accountability and the potential for data manipulation.

The implications of this policy shift are far-reaching. The purge may hinder revenue recovery efforts, particularly in cases where audits and investigations are pending. Trade and legal circles are urging caution, emphasizing the need for transparency and accountability in the data purge process. Stakeholders are demanding a more nuanced approach to ensure that the rights of all parties are protected. The lack of transparency and limited access to data may compromise the integrity of audits and investigations, ultimately affecting revenue recovery and justice.

Copyright Business Recorder, 2025



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Economist Intelligence

‘Conditional subsidy’: experts say power tariff cut for industry, agriculture not enough – Markets

December 19, 2025
Economist Intelligence

PIA privatisation: Lucky Cement gets board nod to bid – Business & Finance

December 19, 2025
Economist Intelligence

Pakistan’s telecom, VC firms seek tax relief – Business & Finance

December 19, 2025
Economist Intelligence

India’s Adani seeks to operate more airports as part of $11 billion expansion, exec says – Markets

December 19, 2025
Economist Intelligence

UAE’s AD Ports Group sets up Pakistan logistics JV, takes majority control – Business & Finance

December 19, 2025
Economist Intelligence

Chaman traders flag economic losses amid prolonged Pak–Afghan border shutdowns – Business & Finance

December 19, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

‘Conditional subsidy’: experts say power tariff cut for industry, agriculture not enough – Markets

December 19, 2025

PIA privatisation: Lucky Cement gets board nod to bid – Business & Finance

December 19, 2025

Pakistan’s telecom, VC firms seek tax relief – Business & Finance

December 19, 2025

India’s Adani seeks to operate more airports as part of $11 billion expansion, exec says – Markets

December 19, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Palladium dips but remains above $1700 an ounce
  • Jim Cramer says buy Nike’s steep post-earnings fall. Here’s why
  • Wall Street inches up, underpinned by tech shares
  • ‘Conditional subsidy’: experts say power tariff cut for industry, agriculture not enough – Markets
  • China’s rebuilding of Micronesian airport runway raises alarm in US

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Palladium dips but remains above $1700 an ounce

December 19, 2025

Jim Cramer says buy Nike’s steep post-earnings fall. Here’s why

December 19, 2025

Wall Street inches up, underpinned by tech shares

December 19, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • December 2025
  • November 2025
  • October 2025
  • September 2025
  • August 2025
  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • March 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.