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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

Customs Airport officers & officials awarded certificate for seizing 275 kg ketamine

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LAHORE: Chief Collector Customs Zeba Hai Azhar and Collector Preventive Ahmed Rauf awarded certificates to the customs airport officers and officials for foiling bid to smuggle 275 kilograms ketamine worth billions of rupees. According to details, the Customs authorities on the directions of Additional Collector Tayaba Kiyani searched the luggage and recovered 275 kilograms ketamine wrapped in the sweets. Chief ... Read More »

WeBOC-Glo system to be completed till September: Member Customs Jawwad Agha

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KARACHI: Federal Board of Revenue (FBR) Member Customs Operations Dr Jawwad Owais Agha has said that the customs officials and PRAL have designed the updated version of WeBOC customs clearance system incorporating new modules with advance features. During a press conference, Member Customs Operations Jawwad Owais Agha said that Pakistan Customs is introducing WeBOC-Glo to facilitate importers and exporters. Through ... Read More »

Ambassador of Vietnam agrees to enhance Pak-Vietnam trade ties

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LAHORE: Ambassador of Vietnam Pham Hoang Kim has said that both Pakistan and Vietnam have the potential to boost their mutual trade to $1billion. However, there is a need of joint efforts of the business community to come forward to boost up the trade volume.  He was speaking to LCCI office bearers here during his visit to Lahore. He said ... Read More »

IMF loan biggest hurdle in progress & prosperity: Hammad Azhar

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LAHORE: Minister of State for Revenue Mian Hammad Azhar has said that IMF loan is the biggest hurdle in way of progress of our country. He expressed these views while addressing a seminar which was conducted jointly by Lahore Chamber of Commerce and Industry (LCCI) and Iqbal Academy Pakistan (IAP). He said, “The biggest hindrance in the way of the ... Read More »

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 »