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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

PSX sheds early gains to drop to 45060pts level

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KARACHI: Opened on positive note, the Pakistan Stocks Exchanged (PSX) closed negative after shedding 358.78 points to drop to 45059.93 points level on Thursday. The stocks recorded the highest trading level of 46087.58 points and lowest level of 44971.68 points, with the volume of about 148 million shares and value of Rs8.6 billion. As many as 374 companies were active; ... Read More »

Probe into gift arrangements by 2785 people via money laundering underway: FBR Chairman Pasha

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ISLAMABAD: The Chairman Federal Board of Revenue (FBR) Tariq Mahmood Pasha, said that FBR was carrying out an investigation into the transfer of gifts abroad, in this connection, use of legal channel for transfer as well as earning of money through legal means are being looked into. While briefing the Senate Standing Committee on Finance and Revenue here, Tariq Mahmood ... Read More »

WCO Secretary General Kunio Mikuriya meets FBR chief, lauds performance of tax officials

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ISLAMABAD: World Customs Organization (WCO) Secretary General Kunio Mikuriya called on Federal Board of Revenue (FBR) Chairman Tariq Mehmood Pasha at the FBR House on Tuesday and lauded the performance of the tax officials in meeting the revenue collection targets. Sources told Customs Today that Member Customs Muhammad Zahid Khokhar, Project director Integrated Transit Trade Management System Dr Zubair Yousafani ... Read More »

Four Inland Revenue officers of BS 20-21 assume charge of new posts

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ISLAMABAD: Four Inland Revenue Service officers of BS 20-21 have relinquished/assumed the charge. Khawaja Adnan Zahir (IRS/BS-21) relinquished the charges of the post of Chief Commissioner-IR, RTO-II, Lahore on July 18, 2017 and assumed the charge as Member (IT), FBR (HQ), Islamabad on July 19. Seema Shakil  (IRS/BS-21) relinquished the charges of the post of Chief Commissioner-IR, Corporate RTO, Karachi ... Read More »

Sialkot Customs to auction goods, vehicles on 31st

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SIALKOT: Model Customs Collectorate, Sialkot has announced to auction confiscated goods and vehicles at Sambrial Dry Port on July 31. Read More »

18 Inland Revenue officers of BS 20-22 transferred

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ISLAMABAD: Federal Board of Revenue has transferred/posted 18 Inland Revenue Service officers of BS 20-22 with immediate effect and until further orders. Tasneem Rehman (IRS/BS-22) has been transferred from the post of Member, (BTB) Federal Board of Revenue (HQ), Islamabad and posted as Member, (Administration) FBR (HQ), Islamabad. Khawaja Tanveer Ahmad (IRS/BS-21) has been transferred from the post of Director ... Read More »

DG Customs Intelligence files money laundering case of $7m against six importers

MemberLegalShaukatAli

ISLAMABAD: Directorate General Customs Intelligence and investigation has finally framed the money laundering charges against six importers, M/s Dastagir Traders, Lahore,  M/s IC Master, Lahore,  M/s Mustafa Enterprises, Lahore,  M/s SBS Group of Companies, Lahore,  M/s Shahzad Traders, Lahore, and M/s World Fashion Textiles, Lahore. A case has been filed with the Customs Special Court of Taxation and Anti-Smuggling. These ... Read More »

New FBR Chief Tariq Pasha granted performance allowance

Tariq Mahmood Pasha

ISLAMABAD: Tariq Mahmood Pasha, newly-appointed chairman of Federal Board of Revenue, has been granted performance allowance. The BS-22 officer of Inland Revenue Service, who was selected through the process of internal job posting (IJP), has been granted performance allowance with effect from July 4, 2017. \ According to the notification, the grant of performance allowance will be governed through the ... Read More »

South region collects Rs295.616b with 13.4% growth

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Port Qasim customs collectorate tops with highest customs duty collection of Rs96.582b   KARACHI: Customs South region collected Rs295.616 billion till June 30 as compared with collection of Rs260.719 billion in the previous year, reflecting 13.4 percent growth. Overall, Pakistan Customs collected customs duty of Rs345.297 billion in FY17, which is 14 percent higher than the custom duty collection of ... Read More »

Tariq Pasha appointed as new FBR Chairman

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ISLAMABAD: The government has appointed Grade-22 Inland Revenue Service officer Tariq Mehmood Pasha, presently posted as Secretary Economic Affairs Division, as Chairman FBR and Secretary Revenue Division. A notification, in this regard, has been issued by Deputy Secretary Establishment Division Mohammad Hamza Shafqaat on Monday evening, 3rd of July 2017. New FBR Chairman will assume the charge of his new ... Read More »

Jurisdiction of Chief Commissioner, Commissioners at Sahiwal RTO announced

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ISLAMABAD: Federal Board of Revenue has announced the jurisdiction of Chief Commissioner, Commissioners at Regional Tax Office in Sahiwal with effect from July 1, 2017. Under the jurisdiction, (i) the Chief Commissioner-IT, RTO, Sahiwal, will exercise the powers and perform functions under Income Tax Ordinance, 2001, Sales Tax Act, 2005, section 7 of the Finance Act, 1989 (V of 1989) ... Read More »

Quetta Customs seizes smuggled goods, narcotics in 6 raids

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QUETTA: The Customs Intelligence and Investigations conducted six raids against smugglers and seized narcotics and a huge quantity of non-duty paid goods. Sources told Customs Today that Deputy Collector Customs Preventive Junaid Mehmood received credible information that some smugglers are trying to smuggle a huge quantity of narcotics under the cover of corn flour. He immediately constituted a raiding team. The team ... Read More »

FBR Chairman Dr Irshad urges officers to facilitate taxpayers to expand tax net

Dr Irshad

PESHAWAR: Chairman, Federal Board of Revenue (FBR), Dr. Mohammad Irshad Wednesday said that the new tax laws will have no effects on the existing taxpayers rather it would increase the network for a prosperous Pakistan. This he said while addressing the gathering at the foundation stone lying ceremony of the District Taxation Office (DTO) in District Charsadda. Chairman, Federal Board ... Read More »

Dar backs FBR to achieve Rs4,013b revenue target

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has assured Federal Board of Revenue (FBR) of full support in achieving revenue collection target of Rs4,013 billion for the fiscal year 2017/2018. The finance minister chaired meeting at the FBR on Wednesday regarding the state of tax revenue collection in the current fiscal year. Finance Secretary, Chairman FBR, and senior officials of ... Read More »

Haroon eyes 75% cumulative revenue growth in four years

Irsad, Harron, Majid

  FBR documentary, handbook on budget-making launched   ISLAMABAD: Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan Friday said the past year has been quite a challenging one for FBR on the revenue generation front but there are substantial signs the revenue collection target would be met by the FBR despite a number of relief measures and ... Read More »

19 Customs officers of BS-20 nominated for 106th NM Course

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ISLAMABAD: Federal Board of Revenue (FBR) has nominated 19 Pakistan Customs Service officers of BS-20 for 106th National Management Course (NMC) to be held at National Management College, Lahore from August 28, 2017. The nominated officers have been asked to forward their consent to Establishment Division for purpose ie whether they are available for attending the said course. It may ... Read More »

FBR nominates 18 Customs officers of BS-19 for 22nd SMC

Pakistan Customs

ISLAMABAD: Federal Board of Revenue (FBR) has nominated 18 Pakistan Customs Service officers of BS-19 for 22nd Senior Management Course (SMC) to be held at National Institute of Management (NIM) Lahore and National Institute of Management Karachi from September 11, 2017. The nominated officers have been asked to forward their consent to Establishment Division for purpose ie whether they are ... Read More »

Progress on providing medical, housing facilities under FBR Foundation reviewed

FBR Foundation

ISLAMABAD: A meeting of FBR Foundation was held here with FBR Foundation Chairman Dr Mohammad Irshad in the chair to review progress on providing affordable medical and housing facilities to the members of the Foundation. Members of the FBR Board and CEO of FBR Foundation, Saleem Ahmad Ranjha were also present. The meeting was briefed on various measures taken by ... Read More »

ANF recovers 1kg heroin from mother, son going to perform Umrah

Heroin smuggler Naeem

LAHORE: The Anti-Narcotics Force (ANF) Wednesday arrested a mother and her son from Lahore airport and charged with smuggling heroin. ANF seized about one kilogramme heroin from the possession of the mother and the son. Heroin was hidden in a secret portion of the bag of the son, identified as Naeem, according the ANF. The passengers were travelling to Saudi ... Read More »

Customs I&I Enforcement busts smuggling of Kerosene Oil  

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KARACHI: Customs Intelligence and Investigation (I&I) Enforcement has busted huge quantity of Kerosene oil being imported on the name of white spirit. According to the details, three importers namely SMD Sons Pvt Ltd, M A Corporation Lahore and Power Industries Karachi were indulged in smuggling of Kerosene oil in garb of white spirit for last two years. On the tip ... Read More »