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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

FBR asked to withdraw withholding tax on banking transactions

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 LAHORE: Federal Board of Revenue (FBR) should withdraw withholding tax on banking transactions and discretionary powers to the tax officials under Sales Tax Act 38-B and 40-B as these issues are lifting-up panic amongst the business community. The Lahore Chamber of Commerce & Industry has made these demand at trader’s convention held under the umbrella of the chamber. LCCI President ... Read More »

FBR seeks PRA support for implementation of RIMS: Dr. Rahil Siddique

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LAHORE: Chairman Punjab Revenue Authority (PRA) Dr Rahil Siddique said that Federal Board of Revenue (FBR) has sought PRA support for the implementation of Restaurant Invoice Management System (RIMS) in Islamabad. They blackmail the federal government through strikes which halt the country at standstill. But these strikes threats will not in future as the unanimous solution is almost sought out ... Read More »

FBR keen to satisfy business community on taxation system: Member Customs Zahid Khokhar

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LAHORE: The Federal Board of Revenue Member Custom Muhammad Zahid Khokhar has said that FBR is keen to satisfy the business community on taxation system. He said this while addressing 2nd Annual General Meeting of the Pakistan Chemical Manufacturers Association (PCMA) which took place at a local hotel, in which the official announcement of the PCMA election 2017 was made ... Read More »

Industrialists, traders laud LCCI arrangements for voters

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LAHORE: Industrialists and traders of all groups have lauded measures taken by management on the occasion of Lahore Chamber of Commerce and Industry (LCCI) associate class election 2017-18. LCCI Vice President Nasir Hameed Khan told Customs Today that “By the grace of Allah Almighty everything goes very well and peacefully as the LCCI management has taken far-reaching measures, besides voters ... Read More »

LCCI office bearers awarded with Business Excellence Award

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LAHORE: Lahore Chamber of Commerce and Industry office bearers and general secretary have been awarded with Business Excellence award.  A large number of businessmen, traders and people of social background were also present on the occasion. The LCCI president Abdul Basit, senior vice president Amjad Ali Jawa and vice president Nasir Hameed were awarded for their outstanding service for the ... Read More »

People should voluntarily come into tax net: FBR Member IT Khawaja Adnan

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LAHORE: Federal Board of Revenue (FBR) Member Information Technology (IT) Khawaja Adnan Zaheer has said that the people should voluntarily come into the tax net as the number of taxpayers is alarmingly low in the country. Addressing businessmen at the Lahore Chamber of Commerce and Industry (LCCI), the Member IT also urged traders to convince their employees to file their ... Read More »

Traders should e-file tax returns to avoid unnecessary delays, says FBR Member IT Adnan Zaheer

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LAHORE: Federal Board of Revenue (FBR) Member Information Technology (IT) Khawaja Adnan Zaheer has held a meeting with the city traders on the facility of e-filing tax returns. Addressing the gathering, Zaheer said that e-filing provides facilities to traders. After launching of e-filing system, there is no need to visit tax offices as traders can file their tax returns from ... Read More »

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

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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 »

WCCI promoting women entrepreneur for economic growth: Shazia Suleman

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LAHORE: Women Chamber of Commerce and Industry president Shazia Suleman has said that the chamber is facilitating in promoting women entrepreneurs and encouraging them to work for the economic development of the country. She expressed these views while interacting with the Lahore Economic Journalist Association (LEJA) here the other day. “No nation can make progress unless its women are given ... Read More »

LCCI restricts FBR from raiding premises of businessmen: Abdul Basit

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  Tariq Hameed hopes newly elected LCCI body will come up to expectations of businessmen LAHORE: PIAF – Founder Alliance has successfully been able to restrict Federal Board of Revenue (FBR) from raiding outlets and premises of businessmen under section 38b and 40b of Sales Tax Act 1990. Besides the issue of double taxation is resolved and stuck-up containers of ... Read More »

FBR to ink accord with SBP, One Link to facilitate taxpayers: Member Khawaja Adnan Zaheer

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Taxpayers will file their tax returns by using debit & credit cards LAHORE: Member Information Technology, Federal Board of Revenue Khawaja Adnan Zaheer highlighting various aspects of IRIS said that 90 percent IRIS related complaints are being resolved on urgent basis. Federal Board of Revenue is going to sign an accord with State Bank of Pakistan and M/s One Link ... Read More »

Customs staff vows to work honestly for progress, prosperity of Pakistan

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LAHORE: A simple and graceful flag hoisting ceremony was held in Custom House Lahore in connection with 70th Independence Day on August 14, 2017. The ceremony was attended by the officers and staff of Customs Central Region. The ceremony began with parade by a smartly contingent of the Customs staff. Collectors of Customs Collectorate of Preventive Lahore Faiz Ahmad and ... Read More »

Founder Group urges interested candidates to submit names for LCCI polls by August 20

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LAHORE:  Lahore Chamber of Commerce and Industry Founder Group has announced August 20 last date for candidates interested to contest LCCI election 2017-18 to enroll their names with respective committees for corporate and associate classes. According to the details, the group would scrutinize the name in five to six days period and finally the candidates would file their nomination paper ... Read More »

FBR chief Pasha, Member Customs Khokhar played central role in release of items: Abdul Basit

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LAHORE: At least 400 containers, which were stuck in the port, were released through the good offices of Federal Board of Revenue (FBR) Chairman Tariq Pasha and Member Customs Zahid Khokhar, Lahore Chamber of Commerce and Industry (LCCI) President Abdul Basit has said. Talking to Customs Today, he that the containers were carrying used auto parts the import of which ... Read More »

Punjab has huge investment potential: PBIT CEO Jahanzaib Burana

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LAHORE: Potential of investment in Punjab is huge while international investors are also keen to invest in Pakistan. These views were expressed by Punjab Board of Investment and Trade (PBIT) Chief Executive Officer Jahanzaib Burana  in an interactive session with Lahore Economic Journalists Association (LEJA) on Monday. “Before inviting local and foreign investors in the province, there is a need ... Read More »

FBR,  LTBA hold discussions to facilitate taxpayers

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LAHORE: A three-day summer camp was organized under the auspices of Lahore Tax Bar Association (LTBA) in which renowned lawyers, accountants and tax practitioners from all over the country participated. Member Inland Revenue (Policy) of the Federal Board of Revenue (FBR) Dr Mohammad Iqbal opened the ceremony. In his address to the participants, Dr Iqbal explained all the amendments made ... Read More »

Familiarity with WeBOC must for women entrepreneurs: Deputy Collector Saqibur Rehman Warriach

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LAHORE: Deputy Collector Customs Saqibur Rehman Warraich has advised women entrepreneurs to register themselves with WeBOC system if they want to be successful in import and export business. Warraich was giving a presentation at the Export Procedures and Payment Mechanism seminar held jointly by the Trade Development Authority (TDAP) and Women Chamber of Commerce and Industry (LCCI) in Lahore the ... Read More »

105 newly recruited customs officers of BS-16 complete three-month training program in Lahore

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LAHORE: As many as 105 newly recruited customs officers belonging to BS-16 from all Directorates and Collectorates of the Customs Central Region have completed a three-month specialized training programme in Lahore. The training was arranged by Directorate General of Training and Research (Customs) Lahore. It was exclusively designed for the customs officers of BS 16 by DGTR (Customs) Karachi and ... Read More »

Sufficient preparations required to get maximum out of CPEC: Director DGTR Rubina Wasti

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Local manufacturers should not be ignored while granting incentives to Chinese companies: Abdul Basit LAHORE: China Pakistan economic Corridor (CPEC) can only be a fate or game changer for the country if sufficient preparations are made to face the challenges and get maximum out of it. These views were expressed by Directorate General of Training and Research Director Rubina Wasti ... Read More »

Customs contributing significantly to overall tax collections: FBR Chairman Irshad

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ISLAMABAD: Federal Board of Revenue Chairman Dr Muhammad Irshad has said that the Customs Department is contributing significantly to overall tax collections. He stated this during a meeting with Collector Ahmed Raza Khan and other officers during his visit to Customs Collectorate Sialkot and Sambrial Dry Port Trust. The chairman said, “We believe that there is tax potential equal to ... Read More »