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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

Quetta customs starts crackdown against NDP vehicles

FSD collector Zulafqar

QUETTA: Collectorate of Customs started crackdown against non-customs-paid vehicles plying in the province. According to the details, Chief Collector Dr. Zulfiqar Ali Chaudhry strictly directed Customs Preventive to take stern action against owners of the non-duty paid vehicles. Collector Preventive Iftikhar Ahmed immediately directed anti-smuggling squads to enhance checking. Assistant Collectors Akmal Durrani and Eesha Rahim were directed to root ... Read More »

Pak Rupee ends with another gain against dollar

pak rupee

KARACHI: The Pak Rupee gained another 29 paisas against dollar on Friday owing to positive sentiments prevailed in currency market. The rupee ended Rs138.53 to the dollar as compared with previous day’s close of Rs138.82 in interbank foreign exchange market. Currency dealers said that good-will gesture shown by Pakistan for releasing captured Indian pilot for normalization the situation resulted in ... Read More »

FBR promotes 17 customs officers from BS-17 to BS-18

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ISLAMABAD: Federal Board of Revenue (FBR) on Friday promoted 17 officers of Pakistan Customs Service (PCS) from BS-17 to BS-18 with immediate effect. The officers who are promoted includes Syed Ittrat Hussain, Maryam Khalid, Saima Zaib Butt, Dr. Jam Muhammad Imran, Muhammad Wasif Malik, Amanat Khan, Muhammad Adnan Khan, Abdul Majeed, Mukhtar Ali Sheikh, Muhammad Faizan Badar, Sadia Usman, Choudhary ... Read More »

Multan Customs foils bid to smuggle foreign currency from MIA

Customs Preventive foils bid to smuggle 2kg gold from Lahore Airport copy

MULTAN: Customs authorities deputed at Multan International Airport (MIA) foiled an attempt to smuggle foreign currency and arrested two passengers. Sources told Customs Today that Collector Ambreen Ahmad Tarar has directed Deputy Collector Saqib-ur-Rehman to tighten scrutiny at Multan International Airport to thwart any attempt of smuggling and money laundering. Multan Customs enhanced the monitoring of the passengers good to ... Read More »

Banks to remain open on Saturday, Sunday for receiving Hajj applications

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KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the commercial banks will remain open on March 2-3 (Saturday – Sunday) to facilitate pilgrims in depositing Hajj applications along with dues. The SBP directed 14 designated banks including National Bank of Pakistan, Habib Bank, United Bank, MCB Bank, Allied Bank, Bank of Punjab, Bank Alfalah, Zarai Taraqiati Bank, Faysal ... Read More »

LHC seeks expenditure details of Saudi crown prince’s visit

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LAHORE: The Lahore High Court (LHC) has sought details of expenses incurred by the federal government for Saudi Crown Prince Mohammad bin Salman’s two-day trip, according to media. The bench was hearing a miscellaneous application seeking details of the cost incurred by the state. The petition stated that the media reports suggested over Rs200 million. The government booked 300 luxury ... Read More »

LCCI Chief Almas Hyder presents set of joint proposals to finance minister

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LAHORE: President of the Lahore Chamber of Commerce & Industry Almas Hyder on Wednesday presented a set of joint proposals to the Federal Finance Minister Asad Umer for the Federal Budget 2019-20 from all Chambers of Commerce & Industry. The LCCI President Almas Hyder was heading a delegation comprising of President Khanewal Chamber Khawaja Habib-ur-Rehman, President Kohat Chamber Rasheed Ahmed ... Read More »

BRINDEX-30 closed on upper side at 23,093.19 points with positive change

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KARACHI: BRINDEX-30 closed on the upper side on Friday at 23,093.19 points with a positive change of 180.96 and volume of 133,267,300 shares. High and Low were 23,199.84 and 22,912.23 respectively. Of 30 companies traded, 20 were up, 10 were down and 0 was unchanged. Total volume traded in the market was 228,920,690 shares. Total companies traded were 353 of ... Read More »

Quetta Customs recovers betel nuts, spare parts & vehicle worth Rs6m

Quetta Customs recovers betel nuts spare parts vehicle worth Rs6m copy

QUETTA: Collectorate of Customs Anti-Smuggling Organization (ASO) team foiled an attempt to smuggle 1.8 tons of betel nuts and new spare parts. Acting on directives of Collector Ashraf Ali, the ASO staff of Quetta intercepted Karachi bounded coaches and seized 300 bales of cloths along with 1.8 tons of betel nuts and new spare parts during a special operation. Sources ... Read More »

ECC directs to chalk out plan for smooth operation of urea plants

ECC Asad Umar

ISLAMABAD: The meeting of Economic Coordination Committee of the Cabinet (ECC) was held here on Tuesday. Finance Minister Asad Umar chaired the meeting. ECC reviewed the demand and supply situation of urea in the country. The committee directed Ministry of Industries and Production to chalk out a plan for continuous and smooth operation of urea plants in the country throughout ... Read More »

Multan Customs collects Rs3,271m during April

tax revenue

MULTAN: The Customs Collectorate collected Rs3270.976 million during the month of April of fiscal year 2017-18. The Collectorate of the Multan Customs has done collection of Rs991.705 million under the head of customs duty against the assigned target of Rs.874.020 million during April. Multan Customs has surpassed the assigned revenue collection task of customs duty due to effective strategy of ... Read More »

Appraisement West submits another FIR in betel nuts smuggling case

Appraisement West submits another FIR in betel nuts smuggling case copy

KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi directed investigation officer to complete investigation and submit charge sheet against suspect namely Adnan Islam, owner of M/s Adnan International Lahore, owner/partners of M/s Mania Enterprises Karachi and others to be ascertained during the investigation, who were booked in a case of attempting to smuggle non-duty paid 5000 kilograms of betel ... Read More »

Quetta Intelligence thwarts smuggling attempt of mobiles & accessories

microsoft mobiles

QUETTA: The Directorate of Customs Intelligence and Investigation Quetta frustrated a smuggling bid of a non-duty-paid mobile phones and mobile accessories priced at Rs4.35million. Sources told Customs Today that Director Customs Intelligence and Investigation Quetta Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle non-duty-paid mobile phones and mobile accessories from Quetta. He constituted a raiding ... Read More »

FBR to continue policy of different tax rates for filers, non-filers in next FY

FBR Chairman Tariq Mahmood Pasha 1

ISLAMABAD: In the wake of outstanding results in terms of enhancing the tune of revenue collection and number of fillers in last five years, the Federal Board of Revenue (FBR) will continue the policy of different tax rates from filers and non-filers in the coming fiscal year. Since the introduction of this policy during Tax Year 2013 the number of ... Read More »

DG Valuation Surriya to revise VR No 737/2017 on October 16

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KARACHI: Directorate General, Customs Valuation, Director General Surriya Ahmed Butt, has decided to revise the Valuation Rulings No 737/2015 on October 16, it is learnt here. According to the details, Surriya Butt has said that the department is reviewing suggestions from importers to set new prices. She said that some valuations, which were issued in 2015, were being reviewed from ... Read More »

Gwadar Customs foils bid to smuggle hashish, computer accessories

Deputy Collector Quetta Junaid Mehmood talking with Customs today.

GWADAR: The Customs Collectorate Gwadar  continue its raids during the current month of September. Yesterday, Gwadar Customs team confiscated a big quantity of hashish and non duty paid computer accessories like LED monitors, portable hard drive,  rams and so many other items worth Rs 3.2 million. Source told Customs Today that on a tip-off regarding the possible smuggling of various ... Read More »

Newly posted Collector Preventive Faiz Ahmed assumes charge

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LAHORE: Collectorate of Customs Preventive newly posted Collector Faiz Ahmed has assumed the charge of his new responsibilities from Thursday (today). According to the details, Federal Board of Revenue (FBR) posted Faiz Ahmed as Collector, Customs Collectorate of Preventive after he completion of his chief management course. During his first day in office he met the high officials and as ... Read More »

ICCI signs MoU with PSX to increase access to equity funds for SMEs

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ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) has signed a Memorandum of Understanding with Pakistan Stock Exchange (PSX) to facilitate SMEs in generating funds from capital market for business growth and expansion. Khalid Iqbal Malik, President, ICCI and Nadeem Naqvi, Managing Director, PSX signed the MoU at a ceremony held at Chamber House. Asghar Abbas Naqvi Regional Head Islamabad ... Read More »

PCA summons M/s Faiz Company in duty, tax evasion case

PCA detects Rs 76

  LAHORE: Directorate of Customs Post Clarence Audit (PCA) has summoned M/s Faiz Company, Rawalpind in duty and tax evasion of Rs 189,142 on import of tarpaulin. According to the details, the PCA Lahore observed that the import clearances data against HS Code 6306.1210 effected from various Customs Collectorate during the calendar years. 2012 and 2013 revealed that inadmissible concession ... Read More »

Deputy Collector Asma Hameed declares seizure of trailer as legal

court adjourned - case adjournes

FAISALABAD: The Deputy Collector Customs Adjudication Asma Hameed issued Order-in-Original (ONO) in favour of Anti-Smuggling Organization Faisalabad. According to details, a team of the Anti-Smuggling Organization (ASO) intercepted a trailer bearing registration no. JU-7834  Sindh . The smuggled vehicle was brought into country without payment of customs duty and taxes through unauthorized way. The Customs team arrested the driver of ... Read More »