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Home / Author Archives: M. Faizan (page 30)

Author Archives: M. Faizan

Rehmatullah to head FBR if Dr Irshad not given extension

Rehmat ullah wazir and Dr Irshad collage

ISLAMABAD: The Chairman Federal Board of Revenue Dr. Muhammad Irshad will be retired on 23rd April (tomorrow) and in case the governments need his services then he will be hired again on contract basis because in the light of Supreme Court decision government cannot give extension to any government official. According to the sources, Federal Finance Minister Ishaq Dar had ... Read More »

FBR Member Operations Rehmatullah Wazir in Japan to attend IMF tax moot

Rehmatullah Wazir

ISLAMABAD: Federal Board of Revenue (FBR) Member Operation Rehmat Ullah Khan Wazir has left for Tokyo on a two-day visit to represent Pakistan at 8th International Monetary Fund Japan high level tax conference for Asian countries. The Ministry of Finance Japan is co-hosting the conference in which international taxation will be discussed from the perspective of tax policy and tax ... Read More »

PCA files another FIR against H. Ali Construction Co on charges of tax evasion, mis-declaration

tax-evasion

ISLAMABAD: Directorate General Post Clearance Audit (PCA) Headquarter has lodged a 2nd FIR No. 04/2017 against M/s H. Ali Construction Company Mughalpura, Lahore on the charges of tax evasion and mis-declaration under section 2 (s), 16, 32 and 79 of the Customs Act, 1969 and seized two more imported used prime movers worth Rs 5.43 million. According to details, Directorate ... Read More »

DG Post Clearance Audit facing acute shortage of staff

shortage of staff

ISLAMABAD: Directorate General Post Clearance Audit Islamabad is facing acute shortage of staff and therefore directorate performance is likely to be affected. According to the sources, Director Post Clearance Audit Dr. Kamal Azhar Minhas has informed Chief Management Customs Federal Board of Revenue through a letter regarding severe shortage of the staff. Dr Kamal informed the FBR that currently the ... Read More »

Member IR Policy Dr Iqbal leaves for Dubai to participate in talks with IMF officials

Member Dr Iqbal

ISLAMABAD: Member Inland Revenue Policy Dr Muhammad Iqbal has left for Dubai to take part in week long consultations with the International Monetary Fund, while Federal Board of Revenue Chairman Dr Muhammad Irshad will leave for UAE on April 2. The finance minister will join the Pakistan delegation in the final stage of consultations with the IMF. The chairman and ... Read More »

Human Resource Management to introduce new structural reforms in FBR: Rozi Khan Burki

Barki-02

ISLAMABAD: Federal Board of Revenue (FBR) Member Human Resource Management (HRM) Rozi Khan Burki has said that the board has assigned him a task to introduce structural reforms in the tax collection system. During an exclusive interview with Customs Today, Burki said: “I have proposed that the number of FBR members should be reduced and director generals should be placed ... Read More »

Customs Intelligence impounds non duty paid cloth worth Rs2.34m from Mandra

new cars

ISLAMABAD: Directorate General Customs Intelligence & Investigations Rawalpindi has seized the non duty paid smuggled foreign origin cloth worth Rs2.34 million. According to sources that Directorate General I&I received credible information from the Deputy Director Customs I&I Rawalpindi, that foreign origin cloth would be smuggled from Rawalpindi by a truck bearing registration no.BST-654 to check the veracity of information, a ... Read More »

FBR activates Alternative Dispute Resolution committees to cope with pending cases

MEMBER) DR MOHAMMAD IRSHAD

ISLAMABAD: The Federal Board of Revenue (FBR), on the advice of the Tax Reforms Commission (TRC), has activated Alternative Dispute Resolution (ADR) committees under the existing legal framework, in view of the fact that presently 27,000 appeals are pending before the Appellate Tribunal Inland Revenue (ATIR) and 5,000 cases before the Customs Tribunal. It may be added that approximately 13,000 ... Read More »

Member Operations IR Rehmatullah Wazir vows to raise withholding tax ratio up to 30pc till June

Rehmatullah Wazir

ISLAMABAD: Member Operations Inland Revenue Rehmat Ullah Khan Wazir has said that though 22 percent growth in withholding tax is very good, there is still need to take measures to improve revenue collections. “I have directed all the withholding commissioners to raise the ratio up to 30 percent till the end of June, move forward and do more work,” he ... Read More »

FBR has no plan to reduce revenue targets: Dr M Iqbal

Member Dr Iqbal

ISLAMABAD: Member Inland Revenue Policy and Spokesperson for Federal Board of Revenue Dr. Muhammad Iqbal ruled out a review on the tax revenue targets for the Financial Year 2016-17. We believe that the Federal Board of Revenue has a capacity to meet the revenue challenges. We will utilize all resources and efforts to reach the revenue targets. He expressed these ... Read More »

DG PCA Sumaira Nazir orders stern action against five fake construction companies

RSH_4960 (1)

ISLAMABAD: Director General Post Clearance Audit Sumaira Nazir has refused to accept any pressure and influence on the scam of five fake importer construction companies. She has directed the officers concerned to register cases against the companies in accordance with the relevant provisions of the Customs Act 1969. According to sources, a group of retired senior officers approach the authorities ... Read More »

Customs Intelligence unearths tax evasion of Rs 10m by M/s Mayo Enterprises Lahore

Tax Evasion

ISLAMABAD: Directorate General Customs Intelligence and Investigation, Federal Board of Revenue has detected another case of duty and tax evasion amounting to more than Rs 10 million at the Air Freight Unit of Benazir Bhutto International Airport, Islamabad, allegedly by the importer firm M/s Mayo Enterprises Ferozepur Road Lahore. According to the sources, the Directorate General received information that M/s ... Read More »

Customs detains non-duty paid Hino truck worth Rs 7m during road checking

hino truck

ISLAMABAD: Directorate General Customs Intelligence and Investigation Islamabad has detained a non-duty paid used Hino truck Model 2002 bearing registration No GZRA 1623, chassis no. FDIJME 10349 worth Rs 7 million. According to the details, the special car cell received information that a Hino truck was plying in the limits of Islamabad. After receiving the information, a team of special ... Read More »

Haroon, Irshad laud performance of DG Intelligence and Investigation

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ISLAMABAD: Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan and FBR Chairman Dr. Muhammad Irshad reviewed the performance of the Directorate General of Intelligence and Investigation the other day. Sources told Customs Today that the visit was of prime significance keeping in view the recent unprecedented performance of the Directorate General in all fields of responsibilities. Director General ... Read More »

Customs Intelligence detects tax evasion of Rs 1.20m by M/s Zain Enterprises

Shaukat Ali

ISLAMABAD: Directorate of Customs Intelligence and Investigation Federal Board of Revenue Rawalpindi has detected a case of tax evasion and mis-declaration at Air Freight Unit, Benazir Bhutto International Airport Islamabad, allegedly by M/s Zain Enterprises, 50 Aurangzaib Block, New Garden Town, Lahore. According to sources, Customs I&I has detained the consignment of goods on charges of tax evasion and mis-declaration ... Read More »

Customs Intelligence impounds NDP ambulance imported by M/s Al-Rehman Welfare Trust

Mission ambulance company

ISLAMABAD: Directorate General Customs Intelligence and Investigation team has impounded a non duty paid Toyota Hiace van. The van was imported as ambulance by M/s Al-Rehman Welfare Trust, Lahore. According to sources special car cell received information that a Toyota Hiace Van bearing registration no LES 11- 1345 was imported as ambulance by Al-Rehaman Trust and presently used as commuter ... Read More »

DG Customs Intelligence seizes non-duty paid goods, vehicles worth Rs 89.499m

Faisalabad ASO seized smuggled goods, vehicles worth Rs 160 copy

ISLAMABAD: Directorate General Customs Intelligence and Investigation Federal Board of Revenue, Rawalpindi seized miscellaneous smuggled goods worth Rs 89.499 million during the month of February 2017. Sources told Customs Today that various teams of Customs Intelligence and Investigations showed outstanding performance during the same period of the last year. Director General Customs Intelligence Shaukat Ali already lauded the performance of ... Read More »

Senate Standing on Commerce seek details of external trade accords

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ISLAMABAD: Chairman Senate Committee on Commerce Senator Shibli Faraz has directed to the Ministry of Commerce that details of external trade agreements provide the Standing Committee, there should be role of Parliament to monitor the external commercial contracts. Sources told Customs Today that officials of Pakistan Investment Board has informed the committee that Economic and Industrial Zones are exempted from ... Read More »

FBR to send Panama Leaks cases to relevant RTOs for further investigations

Panama-papers (1)

ISLAMABAD: The Federal Board of Revenue (FBR) is not ready to act against the Pakistani owners of offshore companies and seeks further investigations into the Panama Leaks issue. Therefore, FBR has decided to send all these cases to the Regional Tax Offices (RTOs). According to the sources, FBR Chairman Dr Muhammad Irshad and other board members have formally given the ... Read More »

PCA unearths another tax scam of Rs 3.09m by M/s Rising Sun Construction Company

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ISLAMABAD: Directorate General Post Clearance Audit (PCA) has unearthed one more mega tax evasion by M/s Rising Sun Construction Company, 35-Model Town Lahore, on the charges of fraud, smuggling and mis declaration and seized two more used prime movers worth Rs 3.039 million. According to the details, Directorate Post Clearance Audit has launched FIR against the company proprietor Ali Imran ... Read More »