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[events]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

No escape for tax evaders, warns Hammad Azhar

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LAHORE: Advisor to Prime Minister on Revenue Hammad Azhar has said that there would be no escape for tax evaders and there would be no need for raids by FBR. He said that raids by FBR on business premises have been suspended till March 31, 2019. He advised all those that evaded or understated income to file tax realistic returns. ... Read More »

Provision of conducive business environment govt top priority: President Alvi

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LAHORE: President of Pakistan Arif Alvi has said that provision of conducive business environment is one of the top priorities of the government. He said that government is also focusing on poverty alleviation, environmental protection, investment in human resources, SME sector and particularly on agriculture. He was speaking at the LCCI Ambassadors Dinner – 2019. The LCCI President Almas Hyder ... Read More »

All chambers united over early release of refunds, reduction in interest rate

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LAHORE: Non-payment of refunds is drying out liquidity from the market. Payment through promissory notes should also be extended to all sectors including five zero rated sectors. Refunds should be issued automatically without application, or pre-audit, within 60 days as per rules. Markup rate should be reduced as it has made borrowing expensive. This was the crux of deliberations of ... Read More »

ADC Azmat Tahira vows to provide full support to business community

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LAHORE: Collectorate of Customs Appraisement Additional Collector Azmat Tahira has said that facilitating the business community by all means in clearance of consignment in minimum time and registration of firms on WeBOC is top priority of authorities at the NLC Dry port. She was talking to a group of businessmen led by Lahore Chamber of Commerce and Industry Vice President ... Read More »

Govt striving to introduce reforms in FBR: Chairman Jehanzeb Khan

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LAHORE: Federal Board of Revenue (FBR) Chairman Dr. Jehanzeb Khan has said that FBR reforms are one of the top priorities of the government for trust building. He said this while addressing industrialists and businessmen in Lahore. He said that litigation is nothing else but a waste of time and capital. He said that alternative dispute resolution mechanism is being promoted to ... Read More »

Call to reduce customs duties, taxes on industrial raw materials

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LAHORE: The duties and taxes on the import of industrial raw materials should be reduced to bring down the cost of doing business. This was stated by Lahore Chamber of Commerce President Almas Hyder here.  A delegation of Federation of Pakistan Chambers of Commerce & Industry Tuesday visited the Lahore Chamber of Commerce & Industry and had a detailed discussion ... Read More »

Special freight train will be launched from January 25: Sheikh Rasheed

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MULTAN: Federal Minister for Railways Shiekh Rasheed Ahmad said that special freight train is going to be launched from January 25 to facilitate the business community for transportation of shipments and it will also generate revenue for the government like passenger trains. While addressing the business community at Multan Chamber of Commerce and Industry (MCCI), he said that ministry of railways is ... Read More »

Collector Appraisement Jamil Nasir holds meeting with mobile phone businessmen

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LAHORE: Collectorate of Customs Appraisement Collector Jamil Nasir has sought proposals from the businessmen dealing with used and new mobile phones for introducing new customs tariff. During a meeting held with Hafeez Centre Traders Welfare League, the collector assured the traders of rationalization of customs tariff in the results of the proposals to be submitted by the traders. Additional Collector Rashid ... Read More »

Low rate of taxes, tax incentives can attract huge Chinese investment: Chinese envoy

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LAHORE: Low rate of taxes, tax incentives and business-friendly environment in Pakistan can attract huge Chinese investment. Ambassador of China to Pakistan Yao Jing stated this speaking at the Lahore Chamber of Commerce & Industry. LCCI President Almas Hyder presented address of welcome while Senior Vice President Khawaja Shahzad Nasir, Vice President Faheem-ur-Rehman Saigal and executive committee members were also present ... Read More »

Chief Collector Zeba Hai Azhar lauds retiring Superintendent Nasir Minhas services

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LAHORE: Chief Collector of Customs Central Region Zeba Hai Azhar has said that the retiring Superintendent Nasir Minhas has proved himself a thorough professional of Pakistan Customs Service (PCS). A bash was held in honor of retiring Superintendent Nasir Minhas in which a good number of customs officers and Collector of Customs Lahore Preventive Faiz Ahmed were present. Addressing the gathering ... Read More »

Taxpayers offered easy ways to close audit proceedings for late filing: FBR Member Nausheen Javaid Amjad

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LAHORE: Federal Board of Revenue (FBR) Member Taxpayers’ Audit Nausheen Javaid Amjad has announced that all those taxpayers automatically selected for audit u/s 214-D due to late filing of returns for Tax Year 2015, 2016 and 2017, have now the opportunity for automatic closure of audit u/s 214E by paying the penalty or higher tax than previously filed return, whichever ... Read More »

Taxpayers should use latest technology to file tax returns: FBR Member Audit Nausheen

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LAHORE: Federal Board of Revenue (FBR) Member Taxpayers (Audit) Nausheen Javaid Amjad said that Section 214 E of Income Tax Ordinance 2001 is inserted to control the automatic selection of late income tax filers. She was addressing the participants of a seminar organized by Pakistan Tax Bar Association (PTBA) and Lahore Tax Bar Association (LTBA) in Corporate Regional Tax Office ... Read More »

Collector Appraisement Jamil Nasir inaugurates export management course

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LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Tuesday kick started five-day long Certification in Export Management’ program for the budding exporters enabling them to effectively move forward in the export sector. Collector Customs Appraisement Jamil Nasir inaugurated the program while LCCI Vice President Faheem Seghal and others were also present on the occasion, besides a good number of participants ... Read More »

GSP Plus Status to help Pakistanis to avail trade opportunities in Belgium: Envoy

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LAHORE: Implementation of all conventions under GSP Plus Status will help Pakistani businessmen to avail trade opportunities in Belgium.  Belgian companies have shown keen interest in Pakistani market.  Belgian Ambassador Frederic Verheyden stated these views at the Lahore Chamber of Commerce & Industry. The LCCI President Almas Hyder, CEO Wallonia Export & Investment Agency Mrs. Pascale Delcomminette, Trade Commissioner of ... Read More »

Multan RTO clears Rs900m refund claims

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MULTAN: The Regional Tax Office has refunded Rs 900 million claims to claimants and assured the industrialists for resolution of their issues. It was said by Inland Revenue Chief Commissioner Abid Raza Bodla while addressing a function hosted by the All Pakistan Upholstery Manufacturers Association. The chief commissioner assured that the grievances of the APBUMA would be redressed on top ... Read More »

Businessmen should utilize clearance facilities of Multan Dry Port: Collector Ambreen Ahmad Tarar

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MULTAN: Business community should utilize clearance facilities of Multan Dry Port and their problems would be resolved on top-priority basis. It was stated by Multan Customs Collector Amrbreen Ahmad Tarar while talking to reporters in meeting with All Pakistan Upholstery and Bed sheets Manufacturing Association. She expressed that Multan Customs Dry Port is the only port available in the region for ... Read More »

FBR motivates investors, property dealers to avail benefits of Tax Amnesty Scheme

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LAHORE: Federal Board of Revenue (FBR) organized a seminar on ongoing Tax Amnesty Scheme which was held at Defence Club. Large number of investors and property dealers participated in the seminar. The basic purpose of the seminar was to create awareness among business community about the benefits of Tax Amnesty Scheme 2018 and apprise them about the benefits of the ... Read More »

Collector Jamil Nasir inaugurates Customs Day Care Centre

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LAHORE: Collector Collectorate of Customs Appraisement Mohammad Jamil Nasir Khan inaugurated the Customs Day Care Centre at National Logistics Cell Dry Port, Lahore. Addressing the gathering on the occasion Collector Jamil Nasir said that welfare of staff is an important component of organizational development. He said that it gives genuine strength to the organization by creating an atmosphere of trust, ... Read More »

Businessmen should avail benefits of current Tax Amnesty Scheme: DC IR Muhammad Ali

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LAHORE: Federal Board of Revenue (FBR) organized a seminar on ongoing Tax Amnesty Scheme which was held at Flattei’s Hotel. The basic purpose of the seminar was to create awareness among business community about the benefits of Tax Amnesty Scheme 2018 and procedure to adopt the scheme. The seminar was held of Regional Tax Office various renowned businessmen participated in ... Read More »

Tax amnesty scheme not yielding positive results in Punjab: FBR chairperson Rukhsana Yasmin

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LAHORE: Federal Board Revenue (FBR) Chairperson Rukhsana Yasmin lamented on Monday that tax amnesty scheme is not producing appreciable results in Punjab. All the people who belong from Lahore, Faisalabad, Gujranwala, Multan, Bahawalpur and Sargodha must avail the tax amnesty scheme to legalize hidden assets within or outside the country. This was stated by Chairperson Federal Board of Revenue Rukhsana Yasmeen ... Read More »