Thursday , September 21 2017
Breaking News
Home / Breaking News

Breaking News

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 huge 572pts to close at 42775 level   KARACHI: The Pakistan Stock Exchange (PSX) Thursday shed huge 571.99 points to drop to 42775.04 points level at closing. The stocks recorded the highest trading level of 43386.73 points and lowest level of 42705.66 points, with the volume of 167.70 million shares and value of Rs8.70 billion. As many as ... Read More »

Two Customs officials injured in Khyber Agency blast

Two Customs officials injured in Khyber Agency blast

PESHAWAR: At least two Customs officials were injured when a remote-controlled bomb, targeting their vehicle, went off near the Pak-Afghan highway in Khyber Agency. An official of the political administration has confirmed that the injured men are part of the Customs office and they were on their way to Torkham from Peshawar to perform their duties. Soon after the incident, ... Read More »

Ashraf Ali made Quetta Collector

Quetta Customs impounds smuggled goods vehicles valued millions of rupees copy

ISLAMABAD: Ashraf Ali, a Pakistan Customs Service officer of BS-20, has been transferred and posted as Collector, Model Customs Collectorate, Quetta. Ashraf Ali, currently posted as Director, Directorate General of Transit Trade, Karachi, was made Quetta Collector with immediate effect and until further orders. The officer, if drawing performance allowance prior to issuance of this notification, will continue to draw ... Read More »

Customs taking serious efforts to reactivate Faisalabad Dry Port: Chief Collector Zeba Hayae


FAISALABAD: The Customs department is making serious efforts to reactivate Faisalabad Dry Port in order to extend maximum facilities to the importers and exporters of this region, said Zeba Hayae Azhar Chief Collector Customs Lahore. Addressing the members of Faisalabad Chamber of Commerce & Industry (FCCI), she told that duty free import was allowed for the manufacturing of exportable surplus. ... Read More »

UK Trade minister visits FBR House, discusses tax reforms with Haroon, Pasha

UK delegatio at FBR House

ISLAMABAD: A UK delegation, led by Minister of State for Trade and Investment Rt Hon Greg Hands, has visited Board of Revenue (FBR) House and held a meeting with Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan. Both sides have agreed to work together and share information and experiences to boost tax reforms and promote economic development ... Read More »

Drive to boost tax filing: Member FATE Nausheen visits Fauji Fertilizers Company

Member FATE Nausheen, Lt Gen Shafqaat

ISLAMABAD: Federal Board of Revenue (FBR) has stepped up its campaign of reaching out to big organisations and companies to boost the filing of Income Tax returns. A team of FBR’s Facilitation and Taxpayers Education (FATE) Wing, led by Member FATE Nausheen Javaid Amjad and Chief FATE Tehmina Aamer, visited the offices of Fauji Fertilizers Company Limited and held an ... Read More »

Trainee Inland Revenue officers from 44th STP visit FBR

44th STP visit FBR1

ISLAMABAD: A group of trainee officers of the Inland Revenue Service (IRS) from 44th Specialised Training Programme (STP), currently undergoing training at the Directorate General of Training & Research (Inland Revenue) Lahore, has visited FBR House as part of a study tour. The visiting trainee officers were given a detailed briefing about the working and structure of FBR, its field ... Read More »

DG Valuation Surriya revises customs values of old & used auto parts

Surraiya Butt

KARACHI: The Directorate General of Customs Valuation has revised the customs values of old and used auto parts vide Valuation Ruling No 1207/2017 under Section 25-A of the Customs Act, 1969. According to the details, customs values of old and used auto parts were earlier determined and notified vide Valuation Ruling No.711/2015 dated 29-01-2015. A representation was received from Customs ... Read More »

Islamabad Customs surpasses yesteryear’s collection with Rs4.38m extra revenue


ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad earned extra revenue of Rs4.38million during the first 16 days of September’s Financial Year FY2017-18 against the same period of corresponding FY2016-17. According to details explained by Dr. Saeed Khan Jadoon, Collector MCC Islamabad, to Customs Today that, during above said period of FY17-18, the collectorate generated Rs134.45million as Customs Duty (CD) against ... Read More »

FST reserves verdict of service matter filed by FBR employee

court adjourned - case adjournes

ISLAMABAD: Federal Service Tribunal reserved decision on a service matter pertaining to implementation on Monday. FST Chairman Justice (r) Sayed Zahid Hussain and Dr Nazir Saeed heard three cases filed by M Sulaman Javed, Muhammad Nawaz, Muhammad Shakeel Akhtar and others. Muhammad Sulaman Javed had prayed to tribunal to ensure implementation over its already given decision; Muhammad Nawaz had challenged ... Read More »

North Region outperforms by collecting Rs1354.16m taxes from July 1 to September 14

Sarwat Tahira (4)

ISLAMABAD: The Customs North Region, comprising four collectorates including MCC Islamabad, MCC Samberial, MCC Peshawar and MCC Gilgit-Baltistan (GB), collected Rs1354.16million extra revenue of all duties and taxes from July to 14th of September Financial Year (FY) 2017-18 against the collection of same period of corresponding period FY16-17 under all heads. The North Region generated Rs7001.54million under all heads during ... Read More »

Customs to auction vehicles, other goods on Sept 23 in Gaddani

Customs to hold auction of 50 non-duty paid vehicles on May 19

KARACHI: The Customs authorities have announced to auction vehicles and other miscellaneous goods laying at Gaddani Customs House on September 23. Read More »

Peshawar Customs I&I to auction confiscated vehicles on 20th

Peshawar Customs

ISLAMABAD: Directorate of Intelligence and Investigation (Customs), Peshawar will auction confiscated vehicles on September 20 at State Warehouse of the Directorate. The following confiscated vehicles will be presented for auction: Toyota Fielder Motor Car, Model 200, Reg No. AKL-321, Chassis No. NZE121-0184947 Toyota Corolla Star Car, Model 2001, Reg No. ZB-827, Chassis No. CE102-0006085 Toyota Fielder Motor Car, Model 2007, ... Read More »

SC dismisses Sharifs’ review petitions on Panama verdict


ISLAMABAD: The five-member bench of the Supreme Court dismissed all review pleas against the Panama case decision on Friday, after the petitioners’ counsels wrapped up their arguments earlier. The review petitions had been filed by the Sharif family and Finance Minister Ishaq Dar against the Supreme Court’s judgment in the Panama Papers case which had resulted in then premier Nawaz ... Read More »

79% of 54 top companies don’t file tax returns

File Tax Return

ISLAMABAD: As many as 200,906 employees of 54 biggest companies of the country reportedly did not file tax returns in the fiscal year 2016-17. The Federal Board of Revenue (FBR) has identified the employees, who constitute 79 per cent of the total employees’ strength, did not file their tax returns. The employees of these big companies who filed their income ... Read More »

Multan Customs seizes contraband items worth Rs20m


MULTAN: Collectorate of Customs Multan seized the contraband items of worth Rs20 million during raid in Dhobi Mohallah and arrested two accused persons in their action. Sources told Customs Today that Collector Saud Imran Ahmad and Deputy Collector Saad Ata Rabbani received credible information that bulk quantity of contraband smuggled goods were hidden in private warehouse located in the Cantonment ... Read More »

Paramilitary forces’ powers to act as Customs officers extended


ISLAMABAD: In order to curb smuggling, Federal Board of Revenue (FBR) has extended the period of empowerment to paramilitary forces to act as Customs officers till June-end next year. Sources said that initially, the paramilitary forces were given six months from December 1, 2010 to perform functions of Customs officers to prevent illegal movements of goods within Pakistan territory, especially ... Read More »

Panama review petitions: All 5 judges agreed on disqualifying Nawaz, says Justice Khosa


ISLAMABAD: Justice Asif Saeed Khosa, who headed the five-member Supreme Court bench that issued the decisive Panama Papers verdict disqualifying Nawaz Sharif, clarified on Wednesday that all judges on the bench had agreed on the July 28 judgement. The content of the minority judgement of April 20 [where the verdict was 3-2] and majority judgement of July 28 may have ... Read More »

FBR Member Customs Zahid Khokhar for stern action against habitual late comers


ISLAMABAD: Member Customs Federal Board of Revenue Muhammad Zahid Khokhar has taken serious notice of late comers and directed to all heads of the field formations and subordinate offices to ensure strict compliance of office timing. According to the details, on the direction of FBR Chairman Tariq Mehmood Pasha, Khokhar has written a letter to offices, including chief collectors, director ... Read More »

Port, shipping related issues of importers, exporters to be resolved on priority basis: Jaffer Iqbal


LAHORE: Port and shipping related issues of Pakistani importers and exporters would be resolved on priority basis. These views were expressed by Minister of State of State for Ports & Shipping Chaudhry Jaffer Iqbal while talking to LCCI President Abdul Basit, Senior Vice President Amjad Ali Jawa and Vice President Muhammad Nasir Hameed Khan at the Lahore Chamber of Commerce ... Read More »