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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

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 »

Pakistan needs tax culture, expansion of tax net: Rehmatullah Khan Wazir

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LAHORE: Federal Board of Revenue Member Inland Revenue Operations Rehmatullah Khan Wazir has said that there is a need to introduce strong tax culture in Pakistan and expand the tax net. Addressing a post budget seminar arranged by Lahore Tax Bar Association (LTBA) the other day, he said that tax revenues of the provinces have increased after the National Finance ... Read More »

Doors of Chief Collector’s office always open for businessmen: Zeba Hai

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Customs Department should join hands with traders to enhance economic activities: Abdul Basit LAHORE: Doors of Chief Collector of Customs office are always open for the resolution businessmen’s issues. Businessmen would be facilitated to every possible extent to enhance increase economic activities and revenue thereby. These views were expressed by Chief Collector of Customs Zeba Hai Azhar while addressing businessmen ... Read More »

Collector Appeals Dr Asif Mehmood Jah holds fund raising, iftar dinner

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LAHORE: Collector of Customs Appeals Dr Asif Mehmood Jah has held fund raising and iftar dinner under the banner of Customs Healthcare Society for the rehabilitation of Syrian refugees in Turkey. A large number of customs officers including Collector of Customs Appraisement Jamil Nasir, Additional Collector Munib Sarwar, Deputy Collector of Customs Sadia Munib, intellectuals, journalists including Orea Maqbool Jan, ... Read More »

Reduction in customs duty on various industrial items lauded

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Industrialists welcome supportive measures for agriculture, poultry, textiles, human resources LAHORE: Reduction of customs duty on various industrial imported items including stock of chicken and, stamping foils, aluminum waste, skins & hides and pharmaceutical items is appreciable. Increase of taxes for non-filers is good but taxpayers should be given maximum facilities. Poor were ignored in the budget. These views were ... Read More »

Development of new dry port will create job opportunities in Sialkot: Member Customs Zahid Khokhar

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SIALKOT: Federal Board of Revenue (FBR) Member Customs Zahid has inaugurated an additional International Container Terminal. Addressing the participants, Muhammad Zahid Khokhar congratulated the management of the Sialkot International Container Terminal Limited for developing the project on self-help basis and expressed his good wishes for the success of the terminal. He said that development of the new port will create ... Read More »

Tax filers increased by 100pc from 0.7m to 1.4m: Chairman FBR Dr. Irshad

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Filers are decreasing while revenue is increasing which is a testimony that existing taxpayers are being squeezed: Abdul Basit LAHORE: Tax filers have increased to 100 percent from 700000 to 1400000 during the current financial year and the impression that existing taxpayers are being squeezed is wrong. These views were expressed Federal Board of Revenue (FBR) Dr Irshad Khan while ... Read More »

Govt decision of raiding outlets after permission of FBR chairman, members lauded

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  Says business community will never accept Budget 2017-18 unless Rs280b refunds, rebates reimbursed LAHORE: The decision of Pakistan Senate about raiding factories and traders outlet after permission of Federal Board of Revenue Chairman and Members is landmark. Business community will never accept Budget 2017-18 unless the government reimburse Rs280 billion refunds and rebate. Tax evaders are evading taxes with ... Read More »

Call to expand tax base instead of squeezing existing tax payers

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LAHORE: Tax base should be expanded instead of squeezing the existing taxpayers and taxpayers should be respected to encourage more taxpayers to come into the tax net. These view were expressed by Lahore Tax Bar Association (LTBA) newly elected President Qamaruz Zaman and outgoing President Farhan Shahzad at a reception held in honor of office bearers and members of Customs ... Read More »

Zahid Khokhar’s appointment brought positive changes in Pakistan Customs: FBR Chairman

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ISLAMABAD: Chairman Federal Board of Revenue (FBR) Dr. Muhammad Irshad has assured the superintendents to promote them in next grade on the basis of merit and performance. He was addressing the gathering of recently promoted customs officers from the post of deputy superintendents to superintendents. The chairman said the problems of lower staff will be resolved on priority basis. FBR ... Read More »

Business community for rationalization of taxation system

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Provincial Finance Minister Ayesha vows to enhance tax net instead of tax ratio in upcoming budget LAHORE: The 0.9pc infrastructure development cess on goods should be eliminated as business community is already paying huge taxes in Sindh at the time of clearance of their goods. The cess and other additional tax has played havoc with the business activities in the ... Read More »

Punjab Governor Rajwana inaugurates Ease of Doing Business Conference

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Panelists for favorable & business friendly policies for local, international investors LAHORE: Panelists stressed the need for favorable atmosphere and business friendly policies for conducting business for the local as well as international investors at Ease of Doing Business Conference. The conference was opened by Governor Punjab Rafique Rajwana at the Pearl Continental Hotel in Lahore, where more than 250 ... Read More »

Every possible step will be taken to facilitate importers, exporters: Zahid Khokhar

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LAHORE: Doors of Member Customs’ office are open round the clock for resolution of business community’s issues besides every possible step will be taken to facilitate importers and exporters who are back bone of the economy. These views were expressed by Federal Board of Revenue Member Customs Muhammad Zahid Khaokhar while addressing a gathering of businessmen from various walks of ... Read More »

Tax lawyers announce support to LTBA presidential candidate Qamar Zaman

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LAHORE: The candidate for President, Lahore Tax Bar Association (LTBA), arranged a meeting with the tax lawyers regarding the LTBA election 2017-18. All the senior and junior tax lawyers participated in the meeting and announced their support to Qamar Zaman and his party for the coming election of the Lahore Tax Bar Association. On the occasion, the senior tax lawyers ... Read More »

Govt asked to give discretionary powers to FBR Members

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LAHORE: All Pakistan Chambers of Commerce and Industries and Associations Convention on FBR discretionary powers unanimously reached the conclusion that the Federal Board of Revenue officials’ discretionary powers should be given to the officials not less than the ranks of Members FBR while the powers should, at once, be seized from the lower staff which is causing more harm not ... Read More »