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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

Import tariffs discourage manufacturing sector in Pakistan says Ashar Aziz CEO SkyElectric


ISLAMABAD: The founder executive chairman and Chief Executive Officer SkyElectric Ashar Aziz has said that import policy and higher tariff rates are only facilitate the importers of manufactured products rather than the importers of raw material for value added or furnished goods. Thus both the import policy and higher tariff rates are proving hurdle in the promotion of local manufacturing ... Read More »

LTU shall meet FBR’s assigned targets as it did in past: Farooq Chatha


LAHORE: The Large Taxpayers Unit (LTU) has been performing outstandingly throughout the year and shall meet the targets assigned by the Federal Board of Revenue (FBR). The LTU has a team of professionals and hardworking officers who performed very well in the Financial Year 2016-17. The Audit and Enforcement Wing works with a mutual understanding for the betterment of the ... Read More »

We are delivering justice without any bias: Ihsan Ali


ISLAMABAD: Collector Customs Adjudication Islamabad Ihsan Ali Shah has said we are not revenue collectors, our duty is to provide justice to everyone without discrimination and we are doing it well. The Adjudication Department needs more resources including staff for excellent performance. Though adjudication collectorate part of the Federal Board of Revenue yet we decide cases impartially and on merit. ... Read More »

Exports decline due to inordinate delays in refunds, rebates

nasir hameed khan

There is need to set up body to oversee implementation of policies formulated: Nasir Hameed Khan LAHORE: Among many other reasons the decline in exports has also taken place due to inordinate delays in refunds and rebates which compels businessmen to borrow which, in turn, raises their input costs relative to their foreign competitors. It seems there is no stopping ... Read More »

Corporate-non-corporate distinction results in growth of revenue generation: Amir Yasin

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LAHORE: The Federal Board of Revenue’s distinction between corporate and non-corporate taxpayers has resulted in growth of revenue generation, which is the vision of current Chairman FBR Dr. Muhammad Irshad. This was stated by Withholding Taxes Zone, Regional Taxes Office-II, Lahore Assistant Commissioner Amir Yasin, while giving an exclusive interview to Customs Today. Talking about the revamping of taxation system ... Read More »

ASO steps up anti-smuggling operations in Lahore under Collector Preventive Zulfikar Ali Chaudhary


LAHORE: The Anti-Smuggling Organization (ASO) has intensified anti-smuggling and anti-narcotics operations under its limits in accordance with vision of Collector of Customs Preventive Zulfikar Ali Chaudhary. These views were expressed by ASO Superintendent Nasir Minhas while explaining measure taken by the ASO Lahore in order to curtail smuggling in and around Lahore. He said that under the dynamic leadership of ... Read More »

Rawalpindi Directorate performs brilliantly under guidance of Shukat & Irfan: Afzal

Photo Afzal Watto

ISLAMABAD: Deputy Director Directorate General of Customs Intelligence and Investigation, Federal Board of Revenue Rawalpindi, Afzal Watto, has said the Rawalpindi Directorate has showed tremendous performance under the guidance of Director General Shukat Ali and Director Irfan-ur-Rehman during the whole current financial year, especially in May 2017, for which credit goes to all the officers and staff of the directorate. ... Read More »

GB earns Rs2453.541m during July to May of FY2016-17: Akbar Jan


GILGIT-BALTISTAN: The Model Customs Collectorate Gilgit-Baltistan (GB) earned Rs2453.541million during July to May of Financial Year FY2016-17. The collectorate has been assigned Rs104millions of all duty taxes for June FY16-17 but GB has earned more revenue to meet the shortfall of North Region. Few days back, Sost dry port’s working has been slow due to visa issues from Chinese side. ... Read More »

IDP’s revised target almost doubled against allocated target of last year: Amanat


ISLAMABAD: The Islamabad Dry Port (IDP) will achieve its Customs Duty target during June of Financial Year FY2016-17. The revised target has almost been doubled against the allocated target of last year (June-2015-16). The IDP has assigned the revised revenue target of Rs487million for June FY16-17. The IDP surpassed the revenue collection during May 20 16-17 with an additional amount ... Read More »

FBR should simplify tax system to promote tax culture: President ICCI Khalid Iqbal Malik


ISLAMABAD: President  Islamabad Chamber of Commerce and Industry Khalid Iqbal Malik has said that though the present government is making efforts to stimulate commercial activities, but still a lot has to be done to improve business-friendly environment. High tax rates and a large number of taxes in Pakistan are putting much burden on common man and reducing his purchasing power ... Read More »

Perfect anti-smuggling exercise making legal business flourishing at Quetta collectorate: Junaid

Deputy Collector Quetta Junaid Mehmood talking with Customs today.

QUETTA: Bona fide business is flourishing at the collectorate of Quetta due to perfection in anti-smuggling exercise, new amendments in Customs Act-1969 and in the Budget 2017-18 which will be helpful for coping with the smuggling activities. The Collectorate of Quetta has not only achieved its allocated revenue target of Financial Year 2016-17 but it will also surpass the assigned ... Read More »

Pakistan-China to ink accord for a huge steel mill in Gwadar: Deputy Chief Chinese Embassy Zhao Lijian  

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ISLAMABAD: Deputy Chief of Mission, Chinese Embassy Zhao Lijian has said that China would set up a large steel factory at Gwadar to further expedite economic developments being carried out under China-Pakistan Economic Corridor (CPEC) framework. Both China and Pakistan will very soon sign an agreement to establish the steel factory, three times bigger than the free economic zone being ... Read More »

Upgradation of infrastructure, facilitation at KP, GB Customs collectorates top priority: Sarwat


ISLAMABAD: The improvement of infrastructure and trade facilitation at the Model Customs Collectorate (MCC) Khyber Pakhtoonkhawa (KP) and MCC Gilgit-Baltistan (GB) are the first priorities of the chief collector office (North). The upgrade of port facilities at the GB and development of traders’ E-facilitation cell at the GB are important to get financial benefits through China Pakistan Economic Corridor (CPEC). ... Read More »

Islamabad ASO performing brilliantly against previous months: Ansir

Ansir Anis - Deputy Collector ASO Islamabad

ISLAMABAD: Anti-Smuggling Organization (ASO) of Model Customs Collectorate Islamabad (MCCI) is showing brilliant performance against previous months by making seizures against tax evaders and smugglers. ASO Car Cell is working efficiently by impounding the Non-Duty-Paid (NDP) vehicles on daily basis from different places under the jurisdiction of MCC Islamabad. Amended Section 07 of the Customs Act FY2017-18 will be helpful ... Read More »

Customs Preventive all set to achieve targets of FY2016-17: Collector Zulfikar Ali Chaudhary


  Says wide-ranging steps proved instrumental in effective control and regulation   LAHORE: Collectorate of Customs Preventive is all set to positively achieve financial year 2016-17 targets. Wide-ranging measures have also been taken to curtail smuggling and improve anti-narcotics operations, imports and exports related functions at Air Freight Unit (AFU) and Land Freight Units (LFU) besides putting right man to ... Read More »

ASO seizes goods, vehicles worth Rs 140 million in three months, says Deputy Collector Raza


ASO impounds goods, vehicles worth over Rs 140m from March to May, 2017 LAHORE: The Anti-Smuggling Organization (ASO), under the supervision of Collector of Customs Preventive Zulfikar Ali Chaudhary, has launched various operations to curb drug trafficking, provide facilities to passengers and improve the process of imports and exports. These views were expressed by Deputy Collector of Customs Preventive Muhammad ... Read More »

Govt should announce long term policy for real estate sector: Chairman ABAD Mohsin Shekhani

Photos 5 Mohsin

ISLAMABAD: Association of Builders and Developers (ABAD) Chairman Mohsin Shekhani has said that the government should make 10 to 15 years policy for the real estate sector. “We support the government’s tax collection measures as no country could meet its development needs and day-to-day expenditures without collection of taxes. The government, in consultation with the real estate sector, has set ... Read More »

Financial year targets’ of RTOs may suffer due to pending audit settlements: General Secretary LTBA Waheed


LAHORE: Regional Tax Officers (RTOs) have failed to follow the Federal Board of Revenue (FBR) chairman’s instructions regarding settlements of audits on the payments of 30 percent of the total demands. All the audit matters are still pending which would have serious implications on the achievement of the RTOs financial year’s revenue collection targets. These views were expressed by Lahore ... Read More »

Amended section 07 under customs laws to curb smuggling activities: Dr Arslan

Dr Arslan Subaqtaqeen

ISLAMABAD: New amendments in federal budget for Financial Year (FY) 2017-18 are welcoming on the subject of customs laws. Amended section 07 under customs laws would help remove hurdles in curbing smuggling activities. The said changes or amendments in customs laws FY17-18 are welcoming additions. Some of fruitful changes include amended customs laws FY2017-18 were suggested by Dr. Arslan, Collector ... Read More »

Avail opportunity of tax free exports to Europe, says Bosnian envoy Nedim Makarevic


ISLAMABAD: Ambassador of Bosnia and Herzegovina Nedim Makarevic has said that tax free exports from his country to the entire European markets can open new horizons of export for Pakistani investors. There is no tax on exports from Bosnia to EU. So whatever we export is tax free so Pakistani industrialists can produce and then export to EU tax free. ... Read More »