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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

Traders express concerns over growing misuse of green channel facility at Port Qasim

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LAHORE: Lahore Chamber of Commerce and Inudstry (LCCI) organized a convention to express their concerns over unnecessary raids of customs and FBR teams and specially growing misuse of green channel facility at Port Mohammad bin Qasim. Addressing the participants President Lahore Chamber of Commerce and Industry Malik Tahir Ali Javed has said that misuse of green channel facility directly effecting ... Read More »

Customs Preventive will extend full support to business community: Collector Faiz Ahmad

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LAHORE: Politicians and civil society should show responsibility and avoid disturbing trade and economic activities, Governor Punjab Rafique Rajwana said on Wednesday. Addressing the Lahore Chamber of Commerce and Industry office bearers and members, he said that business community is the backbone of the economy and it must be facilitated for sustainable economic growth of the country. Senior Vice President ... Read More »

Pakistan Customs doing utmost to secure legal business: Member Customs Zahid Khokhar

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LAHORE: Federal Board of Revenue (FBR) Member Customs Zahid Khokhar has said that a secure business environment for economic development is a must and Pakistan Customs has been doing its utmost to secure the legal business by digitalizing import and export clearance besides stepping up anti-smuggling activities in the country. He was addressing the customs officers on the occasion of ... Read More »

Double taxation, WHT promoting undocumented economy: Punjab Business Symposim

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LAHORE: Tax amnesty scheme should also be announced for the economic growth. Double taxation and withholding tax on banking transaction are the practices which promote undocumented economy. These were the views of Symposium Chairman and FPCCI former president, Vice-Presidents, Mian Muhammad Adrees,  Ghanzanfar Bilour, President FPCCI, S.M Munir, former President FPCCI, Iftikhar Ali Malik, Vice-President SAARC, Ch. Arfan Yousaf, Regional ... Read More »

Double taxation, WHT promoting undocumented economy: Punjab Business Symposim

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LAHORE: Tax amnesty scheme should also be announced for the economic growth. Double taxation and withholding tax on banking transaction are the practices which promote undocumented economy. These were the views of Symposium Chairman and FPCCI former President, Vice-Presidents, Mian Muhammad Adrees,  Ghanzanfar Bilour, President FPCCI, S.M Munir, former President FPCCI, Iftikhar Ali Malik, Vice-President SAARC, Ch. Arfan Yousaf, Regional ... Read More »

E-payment to bring about revolutionary change in tax collection: Jameel Nasir

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  It is the need of the hour to revamp the whole taxation system: Malik Tahir Javaid LAHORE: Collectorate of Customs Appraisement Collector Appraisement Jameel Nasir Khan has said that in times to come, E-payment module will prove instrumental in bringing about revolutionary change in the tax collection mechanism which has to be aligned with the vision of State Bank ... Read More »

Arfan Yousaf takes charge of FPCCI regional office

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Vows to resolve taxes, regulatory duty, customs, smuggling, refund & rebate issues LAHORE: Newly-elected Vice-President and Regional Chairman of Federation of Pakistan Chamber of Commerce Industry (FPCCI) Chaudhry Arfan Yousaf has said that he is well aware of the current issues of business community and efforts would be made in order to resolve all their issues relating to taxes, regulatory ... Read More »

FBR to launch RIMS in Islamabad in first week of January

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ISLAMABAD: The Federal Board of Revenue (FBR) will launch a pilot project  in Islamabad to introduce Real-Time Invoice Monitoring System (RIMS) in hotels and restaurants, having sale turnover of Rs 5 million and above in the first week of January 2018 to monitor sale and collect sales tax, sources said. The restaurants covered by RIMS would be exempted from audit ... Read More »

Deputy Collector Palwasha Syed eulogises importance of Customs Department in country

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LAHORE: The Customs is an authority or agency which is responsible for collecting tariff and controlling the flow of goods into and out of a country. These views were expressed by Customs Preventive Deputy Collector Palwasha Syed at the e-commerce Road Show jointly held by TDAP and Alibaba.com at the Lahore Chamber of Commerce and Industry on Wednesday. She added ... Read More »

Punjab needs to harness opportunities and face challenges: Dr Ayesha Ghous

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LAHORE: The Punjab Planning and Development Department has launched “the Punjab Economic Report 2017” which reveals the development of energy, health, education and infrastructure sectors in Punjab. The report also highlights the challenges and the way towards the economic growth. Dr Ayesha was the chief guest on this occasion whereas the Provincial Minister for Planning and Development Nadeem Kamran, Minister ... Read More »

FAST application will bring transparency in goods clearance:  Collector Jamil Nasir

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LAHORE: FAST will bring in transparency in operations of the Collectorate of Customs Appraisement, deepen understanding between the tax collectors and tax payers and help sustain initiatives of the Collectorate. FAST is endogenously developed software for reaching out importers and traders conducting their businesses through dry ports in the jurisdiction of the Collectorate, through a system generated SMS. These views ... Read More »

CAC Summit will help promote agriculture sector in Pakistan: Malik Tahir Javed

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LAHORE: “We are aware of limitation of resources, extent of challenges and lack of awareness among the farmers to move to modern technologies in agriculture sector, said Malik Tahir Javaid, president of the Lahore Chamber of Commerce and Industry (LCCI) on Monday. Addressing the third CAC Pakistan Summit and Exhibition at the Expo Centre, he said that it was the ... Read More »

Haroon Akhtar’s role for prioritizing clearance of pending refunds lauded

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LAHORE:  All Pakistan Textile Mills Association (APTMA) has appreciated Special Assistant to Prime Minister Haroon Akhtar Khan and the Federal Board of Revenue (FBR) officers of field formation for prioritizing clearance of pending refunds of the industry and let it come out of the adverse situation due to the liquidity crunch being confronted with at present. Federal Board of Revenue ... Read More »

Lack of sufficient facilities hampers process of industrialization

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LAHORE: Vacant plots in Sundar Industrial Estate (SIE) were purchased by the genuine businessmen to establish industries but lack of sufficient facilities, as promised at the time of allotment of land to establish industries, hampered the process of industrialization. Addressing media reporters at the Lahore Chamber of Commerce & Industry, the LCCI Acting President Khawaja Khawar Rasheed said that industrialists ... Read More »

E-payment to prove instrumental in tax collection: Collector Jamil Nasir

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LAHORE: Collector of Customs Customs Collectorate of Appraisement Jamil Nasir Khan has said that e-payment module will bring revolution in the tax collection mechanism. He was addressing the participants of an awareness session on e-payment module which was held in collaboration with the Directorate General of Reforms and Automation at the Lahore Chamber of Commerce and Industry (LCCI) Monday Khan ... Read More »

UK businessmen eye to enhance business, trade ties with Pakistani counterparts

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LAHORE: Pakistan is an emerging market and British businessmen are ready to coordinate with their Pakistani counterparts to avail business opportunities in the country. These views were expressed by UK Prime Minister’s Trade Envoy Rehman Chishti while talking to LCCI Acting President Zeshan Khalil and Executive Committee here at the Lahore Chamber of Commerce and Industry along with UK Diplomats. ... Read More »

Call to withdraw regulatory duty, WHT on bank transactions & FBR’s discretionary powers

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LAHORE: The government should withdraw regulatory duty, withholding tax on bank transactions and FBR’s discretionary powers immediately.  All Punjab Chambers of Commerce and Industry and trade associations made these demands at a convention held under the umbrella of the Lahore Chamber of Commerce and Industry here.  “We would gather outside Parliament if our genuine demands are not accepted,” the participants ... Read More »

More and more awareness sessions on CPEC should be conducted: WCCI

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LAHORE: More and more awareness sessions on CPEC should be conducted to make the people aware of the actual potential. Small and Medium Entrepreneurs seems nowhere in the mega CPEC structure besides big economic zones under CPEC  are being set up which have nothing to with SMEs as they do not have sufficient funds to invest. These views were expressed ... Read More »

E-filing of returns will play vital role in promoting tax culture: FBR Member Khawaja Adnan

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MULTAN: The Federal Board of Revenue (FBR) is trying its best to facilitate taxpayers with automated modern technology for filing of tax returns without any hurdles. Taxes are the main source of income for any country and and e-filing of income tax returns has promoted tax culture in the country to a great extent. This was stated by Federal Board ... Read More »

Haroon vows to review Regulatory Duty on imports

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LAHORE: Prime Minister’s Special Assistant on Revenue Haroon Akhter Khan has promised to review the issue of Regulatory Duty on imports.  He was talking to members of the Lahore Chamber of Commerce and Industry (LCCI). President Malik Tahir Javed was leading the six-member delegation. Senior Vice President Khawaja Khawar Rasheed, Vice President Zeshan Khalil former Presidents Sheikh Muhammad Asif and ... Read More »