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FBR scrutinizing field-based WHT deducted & deposited by telecom companies


ISLAMABAD: The field officers supported by the IT experts of PRAL are speedily finalizing the process of field-based withholding system of consumers’ tax deducted and deposited by the telecom companies. The field officers comprising six members are conducting this process under the Income Tax Ordinance, 2001 for the quarter July – September, 2017, at company’s premises. After the finalization of ... Read More »

PSX regains 45,000 mark after adding 384pts


KARACHI: The Pakistan Stock Exchange Thursday remained buoyant and as the benchmark index crossed the 45,000 barrier. The momentum, generated by the rupee’s sharp depreciation on Tuesday, continued for the third day. The KSE-100 Index gained points in the first hour of trading, but later it skidded off track to trade at lower levels around 44,700. Soon after, investors jumped ... Read More »

Customs agents arrested for clearing illegal consignments at Dry Port Peshawar

Peshawar Dry Port earns Rs185 14m as all duties & taxes during 15 days of present month copy

PESHAWAR. Customs clearing agents have been arrested for facilitating clearance of illegal consignments worth millions at Peshawar Dry Port. The names of Customs Clearing agents and sub agent were mentioned in inquiry conducted at Customs House Peshawar after the scam was detected by customs department in which deputy collector Athar Naveed was also accused, sources at Customs House Peshawar revealed. ... Read More »

No effort will be spared to stamp down corrupt practices at Peshawar Dry Port: Collector Saeed


PESHAWAR: Collector Saeed Jadoon said that no effort will be spared to stamp down corrupt practices at Peshawar Dry Port. The clearance of machinery older than five years is banned and confiscation is mere treatment of it. Collector Mohammad Saeed Jadoon endorsed the inquiry carried out by Customs Department against the scam of illegal clearance of consignments at Dry Port ... Read More »

‘Investigations’ expose corrupt practices of DC Athar Naveed at Peshawar Dry Port

Customs Dry Port Peshawar exhibits reasonable potential by earning Rs455m revenue during February copy

PESHAWAR: The Customs House obstructed nefarious attempt of illegal clearance of 1450 vehicle mourned construction machinery consignments at Dry Port Peshawar. The investigations against the Deputy Collector Customs Athar Naveed revealed that departmental inquiry conducted by officers of Peshawar customs recommended an inquiry against accused person to Federal Board of Revenue. The record transpires that import of machinery at Dry ... Read More »

Dollar soars to Rs117 in open market, Rs118 in interbank

US Dollar

KARACHI: The US currency jumped by Rs5.10 in open market on Tuesday and touched the highest level of Rs117, while it also soared in interbank by Rs7.50 to reach Rs118 at closing. The price of the dollar increased by Rs3.40 for buying at Rs115 and for selling at 119 in open market after gaining Rs5.10. The greenback added Rs7.50 for ... Read More »

NAB arrests 3 Customs officers, starts investigation against others including DC Athar Naveed

dc new cartoon

PESHAWAR: National Accountability Bureau (NAB) arrested 3 Customs officers and started investigation against others including DC Athar Naveed who were allegedly involved in billions of rupees scam at Peshawar Dry Port. Customs Today obtained official NAB documents which revealed that these three customs officers including Shahid Akbar, Abdul Hadi and Hidayat Ullah in connivance with Athar Naveed, the then Deputy ... Read More »

Two vessels collided at SAPT, 21 containers drowned fearing heavy loss


KARACHI: Administration of the Karachi Port Trust (KPT) has started the investigation against the collision of two vessels at South Asia Port Terminal Limited (SAPT). According to the details, operations at the South Asia Port Terminal Limited (SAPT) got suspended after two vessels collided while berthing at SAPT-3 of Karachi Port trust (KPT) leaving a heavy loss to the containers ... Read More »

3 Customs officers, DC Athar Naveed found involved in billions of rupees scam

Peshawar Dry Port generates Rs72 16m of all duty & taxes during 15 days of July copy

PESHAWAR: Customs Dry Port allegedly cleared 701 illegal consignments from 2015 to 2017, causing billions of rupees losses to the customs exchequer, revealed official documents. According to the NAB documents received by Customs Today, an interrogation process has been started at a high level to trace corruption in clearance of old and used cars which were imported under amnesty scheme. ... Read More »

FBR launches one-window facility for registration of company, NTN


ISLAMABAD: The Federal Board of Revenue (FBR), in collaboration with Securities and Exchange Commission of Pakistan (SECP), has launched a one-window facility for the registration of a company and the national tax number (NTN). This step has been taken as part of easing the doing of business process in the country as well as to reform the taxation system for ... Read More »

Peshawar Customs auctioning vehicles, goods today

Peshawar Customs

PESHAWAR: Model Customs Collectorate, Peshawar has announced to auction miscellaneous goods and vehicles on Wednesday (today). According to the government auctioneer, M/s. Danish Gul& Co, the auction is being conducted on “as is where is basis” after examination of the vehicles/goods by the bidders. STATE WARE HOUSE, PESHAWAR   S# Lot  No. D.A #. Make & Model 01   01/PR-E/Veh/05-I/2016 ... Read More »

Karachi Customs announces to auction fresh lots from 19th

Karachi Customs3

KARACHI: Pakistan Customs has announced to auction fresh lots at East Wharf, Karachi under schedule no 01/2018 from March 19 on ward. The items which would be auctioned include vehicles. bikes, motor cycles scrap, used lubricated oil, dryers, used shoes, PVC plastic, new pen and tyres, wooden furniture/slabs, metal scrap, heavy metal scrap, board sweeping wooden scrap, empty bottles, used ... Read More »

Habibullah Khan made Member IR Operations


ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday transferred and posted Habibullah Khan, an Inland Revenue Service officer of BS-21 as Member (Inland Revenue Operations). Habibullah Khan has been transferred from the post of Chief Commissioner-IR, Large Taxpayers Unit (LTU), Islamabad. Habibullah was posted at the post after the retirement of Khawaja Tanveer, who was retired from service in February ... Read More »

Customs Islamabad generates Rs4416m surplus income from July to March 10, FY17-18

Collector Zulfiqar ALi

ISLAMABAD: The MCC Islamabad earned an extra revenue of Rs4416million from July to 10th of March FY2017-18 against an assigned revenue collection target under all the heads. According to details given by Zulifkar Ali Chaudhry, Collector Model Customs Collectorate (MCC) Islamabad, that the collectorate received Rs15072.91million under all the heads against an allocated revenue target of Rs10656.75million. He was added ... Read More »

FBR detects tax evasion of Rs 245.59m by M/s National Logistics Cell


ISLAMABAD: The Federal Board of Revenue (FBR) has detected a case of non-deposit of Rs 245.59 million income tax in the government exchequer by the M/s National Logistic Cell. According to Section 165 of the Income Tax Ordinance 2001, every person collecting or deducting tax will submit a monthly statement in the prescribed form setting out the name, CNIC, National ... Read More »

26 IR officers assume charge as Assist Commissioners


ISLAMABAD: As many as 26 Inland Revenue Service officers of BS-17 of 44th STP have assumed charge as Assistant Commissioner-IR (Prob). The officers, in pursuance of Board’s Notification No. 0303-IR-V/2018 dated 16.02.2018, and Modification No. 0309-IR-V/2018 dated 19-02-2018, the following probationary officers relinquished their charge at DOT-IR, Lahore on February 19 and took the charge of the post of Assistant ... Read More »

Important details dug out in mega scam of betel nuts ‘smuggling’ through green channel

Green channel

KARACHI: A few customs officials at Port Qasim have been providing ‘hidden support’ to smugglers to blindly misuse the facility of green channel at Port Qasim for fulfilling their vested interests. They are allowing unchecked clearance of banned and non-certified goods worth billions of rupees through green channel by declaring as scrap, allege sources. Sources say Customs Preventive raided different ... Read More »

Junejo posted as Port Qasim Collector (Exports), Mako made Gwadar Collector

Saifullah Junejo

ISLAMABAD: The Federal Board of Revenue has transferred/posted two Pakistan Customs Service officers of BS-20 with immediate effect and until further orders. Dr Saifuddin Junejo has been transferred from the post of Collector, Model Customs Collectorate, Gwadar and posted as Collector, Model Customs Collectorate of Exports (Port Muhammad Bin Qasim), Karachi. Muhammad Yaqoob Mako, who was posted as Collector at ... Read More »

FBR asks officers to provide details of dual nationality


ISLAMABAD: The administration of Federal Board of Revenue has once again sought details of its officers of BS-17 and above who have dual nationality so that the details could be submitted to the Supreme Court of Pakistan. A circular issued by Secretary (Mgt. Customs-I) Haroon Waqar Malik, the officers have been asked to provide their position with regard to dual ... Read More »

Customs Preventive to auction cigarettes, fabric, cargo, vehicles on March 3

Karachi Customs3

KARACHI: Customs Preventive has announced to auction leftover lots of cigarettes, fabric, cargo and used vehicles on March 3 (Saturday) at 10:30am. The auction would be held under schedule no 05 of 2018 at State Warehouse No-III behind KPT Fire Brigade Station near Masjid Remat, opposite PICT gate Keamari. Read More »