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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

Taxpayers from salaried classes excluded from FBR’s audit list

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ISLAMABAD: The Federal Board of Revenue (FBR) has announced that the taxpayers from salaried classes, including government officials and private sector employees, have been excluded from the FBR’s audit list. Chairing the ceremony for Computerized Balloting for Audit, Advisor to PM Haroon Akhtar Khan said that tax amnesty scheme is in the interest of Pakistan and it has not been ... Read More »

RIMS to help make economy documented: Haroon Akhtar

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ISLAMABAD: The Federal Board of Revenue (FBR) has sought information from the Civil Aviation Authority, mobile phone companies, National Data base Registration Authority (NADRA) and commercial banks to bring tax evaders into the tax net, said Haroon Akhtar Khan, Special Assistant to the Prime Minister on Revenue. Addressing the participants at the launching ceremony of Restaurant Invoice Management System (RIMS) ... Read More »

Local businessmen will be given level playing field in budget:  Haroon Akhtar

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LAHORE: Local businessmen will be given a level playing field in the upcoming budget of 2018-19 while announcing Amnesty Scheme, the government has reposed trust in the business community and expects positive response from the other side and took bold decisions in the larger interest of the economy. These views were expressed by Prime Minister’s Assistant on Revenue Haroon Akhter ... Read More »

Provincial Revenue Authority collects Rs 75 billion tax in nine months: Dr. Raheal Ahmed

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LAHORE: Since its introduction in 2016, the of Provincial Revenue Authority (PRA) has conducted tax clinics for different sectors, registered new taxpayers and inducted new smart systems like RIMS, STRIVE, E-Courts into its portfolio. The PRA as a provincial tax collection authority has achieved its revenue targets in the past and would meet the target for the current fiscal year. ... Read More »

Customs Public School, BSF breeding confidence in students: FBR Member Customs Zahid Khokhar

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LAHORE: Federal Board of Revenue (FBR) Member Customs Muhammad Zahid Khokhar has said that Customs Public School and Bilqees Sarwar Foundation are striving to breed confidence and high self-esteem in the students to show great academic potential along with a strong sense of personal wellbeing. He was addressing the students on March 31, 2018 — an event held by Bilqees ... Read More »

Communication gap must be bridged to remove low trade between Pakistan, Greece: Markopoulou

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  LAHORE: Maria Rubina G. Markopoulou, the President of Greek-Pakistan Chamber of Commerce and Industry, has said that the communication gap between business communities of the two countries is the biggest hurdle in promotion of bilateral trade. Signing a Memorandum of Understanding (MoU) with Lahore Chamber of Commerce and Industry to enhance mutual trade, she said that exchange of trade ... Read More »

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 »