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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

Maersk Line should be banned due to corruption and mismanagement: Senator Ilyas Bilour

Ilyas Bilour

PESHAWAR: Importers are shifting businesses from Pakistan due to huge corruption by shipping lines so the government should take notice of unjustified demurrage & detention charges taken by Maersk Line. Many importers associated with Pakistan Afghanistan Trade and Transit route have already shifted their business from Pakistan due to heavy losses. This was said by Senator Ilyas Bilour while talking with ... Read More »

Customs I&I recovers three more Qatari luxury vehicles from farmhouse of Saifur Rehman

MemberLegalShaukatAli

ISLAMABAD: Directorate of Customs Intelligence and Investigations officials Monday recovered three more Qatari luxury vehicles from a farmhouse belonging to former senator Saifur Rehman. Sources told Customs Today that the recovered vehicles were brought to the country under diplomatic immunity, officials said as they relocated the vehicles to Customs Headquarters. As many as 26 Qatari luxury vehicles have been recovered ... Read More »

Finance Ministry seeks detailed report about beneficiaries of Tax Amnesty Scheme 2018

Asad Umar Pic - Copy

ISLAMABAD: Finance Ministry asked Federal Board of Revenue (FBR) to submit detailed report of beneficiary of Tax Amnesty Scheme 2018, it is learnt here. Official sources told Customs Today that Finance Ministry has directed FBR to submit separate details of national and international beneficiaries of Tax Amnesty Scheme 2018. Meanwhile, it is also directed regarding how much of concessional tax ... Read More »

FBR collects Rs210b tax revenue till Oct 22

FBR chairman Jahanzeb

ISLAMABAD: Federal Board of Revenue (FBR) collected Rs210 billion of revenue till October 22 against the assigned target of Rs300 billion for October 2018, it is learnt here. Official sources told Customs Today that FBR collected at least Rs90 billion within 8 days of October to achieve the assigned target. However, FBR failed to achieve its first quarter target and ... Read More »

ASO seizes huge quantity of prohibited medicine from GT Road

FSD collector Zulafqar

ISLAMABAD: Collectorate of Customs Anti-Smuggling Organization seized huge quantity of prohibited foreign origin medicines (sexual) worth Rs3.2 million from GT Road. Sources told Customs Today that Collector Zulfiqar Ali Chaudhary received credible information about smuggling of goods. He directed all anti-smuggling squad to enhance patrolling on main GT Road to thwart any smuggling attempt. Sources said that ASO squad comprising ... Read More »

WCO hands over new software to Islamabad Customs to curb money laundering

Nisar Ahmad

ISLAMABAD: Additional Collector New Islamabad International Airport (NNIA) Nisar Phularwal said that World Customs Organization (WCO) handed over new software Advance Passenger Manifest (APM) to control the money laundering to Collectorate of Customs. Additional Collector Nisar said that World Customs Organization (WCO) provided a software named APM which will installed on first stage in airlines i.e. Emirates Airline and Pakistan ... Read More »

Customs court issues non-bailable arrest warrant for Ayyan Ali

Ayyan Ali 5

RAWALPINDI: A Customs court in Rawalpindi issued a non-bailable arrest warrant for model Ayyan Ali, who missed 33 hearings in a currency smuggling case on Monday. Due to the judges of the Customs court being on holiday, the hearing was held by duty judge Raja Ghazanfar. During the hearing, the model’s lawyer said that Ali is unwell, which is why ... Read More »

Importers of South Punjab demand NAB, SC to take stern notice against Maersk Line: Abdul Khaliq Qandeel

Abdul Khaliq Qandeel - Copy

MULTAN: Importers of South Punjab demanded National Accountability Bureau (NAB) and Supreme Court of Pakistan (SC) to take stern notice against M/s Maersk Line Shipping Company for charging exorbitant demurrage and detention charges from genuine importers through blackmailing. These views were expressed by Abdul Khaliq Qandeel, Central Chairman All Pakistan Power Looms Association during an exclusive interview with Customs Today. ... Read More »

Customs to hold auction of 48 vehicles of PM House on 25th

auction

ISLAMABAD: The Prime Minister House surrendered 48 vehicles to the Collectorate of Customs for conducting another public auction which will be held on October 25 at Islamabad Dry Port. Talking with Customs Today, Additional Collector Mohammad Ishfaq Khan said that out of 49 vehicles of PM House, only one bullet-proof vehicle Mercedes Benz worth Rs10 million was sold in auction ... Read More »

FBR reduces cost of revenue collection from 0.74pc to 0.71pc

Tax Revenue

ISLAMABAD: Federal Board of Revenue (FBR) successfully reduced cost of the revenue collection from 0.74% to 0.71% by managing healthy growth in the tax collection, it is learnt here. Official sources told Customs Today that in Pakistan, the cost of collection in year 2007-08 was 0.89% where it was reduced to 0.83% in years 2008-09 while cost of collection in ... Read More »

FBR inducts 6,484 companies through One-Window Facility

fbr

ISLAMABAD: Federal Board of Revenue (FBR) inducted at least 6,484 companies through the introduction of One-Window Facility launched earlier this year, it is learnt here. According to official source, the facility launched in March, 2018 by the FBR in collaboration with Security Exchange Commission of Pakistan (SECP) to provide ease of doing business and enabling the companies to be incorporated ... Read More »

NIIA Customs recovers smuggled silver granules from two passengers

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ISLAMABAD: Customs staff deputed at New Islamabad International Airport (NIIA) arrested two passengers carrying 33 kilograms of smuggled silver granules. Additional Collector Nisar Ahmad Phulwal informed Customs Today that Collector Zulfiqar Ali Chaudhry received credible information about some smuggling attempts at New Islamabad International Airport. The collector directed the additional collector to enhance vigilance at the airport on arrival and departure ... Read More »

Govt considering to establish three new Directorates of IR Wing of FBR

fbr

ISLAMABAD: Government is planning to establish three new Directorates under Inland Revenue Wing of Federal Board of Revenue which will directly report to Member Inland Revenue (Member operations), it is learnt here. Official sources told Customs Today that the government during the process of restructuring of Federal Board of Revenue is reviewing a suggestion to establish three new Directorates which ... Read More »

Pakistan will continue to take all actions to strengthen anti-money laundering law: Asad Umar

Asad Umar

ISLAMABAD: Federal Finance Minister Asad Umar emphasized that Pakistan will continue to take all actions required to further strengthen our anti-money laundering law and CFT regime. The APG Mutual Evaluation Assessment team headed by Gordon Hook, Executive Secretary of APG, had a courtesy meeting with the Finance Minister. The APG assessment team briefed the Finance Minister about the purpose of ... Read More »

Asad forms body to devise comprehensive reform program for FBR

Asad Umar Pic - Copy

ISLAMABAD Minister for Finance, Revenue and Economic Affairs Asad Umar has constituted a committee headed by State Minister for Revenue Hammad Azhar to come up with a “massive and comprehensive” reform program for Federal Board of Revenue before the close of the financial year. The Committee which includes “best minds of the country” will watch over the reforms agenda aiming ... Read More »

FBR Chairman Jahanzeb seeks proposals for institutional reforms & tax policy

FBR chairman Jahanzeb

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Jahanzeb Khan has directed all the Members and Chief Commissioners to submit their suggestions and recommendations pertaining to institutional reforms and improvement in tax policy, it is learnt here. Official sources told Customs Today that the FBR chairman presided over a meeting soon after the first visit of Finance Minister Asad Umar, which was ... Read More »

FBR introduces simplified income tax return form for salaried persons

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ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a separate simplified income tax return form for salaried persons, who have other sources of income, including profit on debt (interest income). In this regard, the FBR issued a notification on Wednesday and said that the separate and simplified income tax return form had been introduced to facilitate salaried taxpayers, who ... Read More »

PM Imran agrees to abolish 5pc regulatory duty on newsprint import

Imran Khan

ISLAMABAD: Prime Minister Imran Khan has assured the newspaper industry that the five per cent regulatory duty on import of newsprint will be withdrawn and the pending bills of electronic media will be scrutinised by the Ministry of Information. The prime minister gave the assurance during a meeting with a joint delegation of the All Pakistan Newspapers Society (APNS), Pakistan ... Read More »

Govt to bring changes to implement TRC’s recommendations: Umar

Asad Umar

ISLAMABAD: Finance Minister Asad Umar has said that the government is ready to amend laws and bring administrative changes to implement the Tax Reforms Commission’s (TRC) recommendations. While chairing a meeting, Asad Umar hinted at bringing legal and administrative changes to curb under-declaration of real estate values. The meeting was attended by tax and legal experts from the private sector, ... Read More »

IHC upholds life jail term of Raja Iram involved in murder of Deputy Superintendent Raja Ibrar

ihc

ISLAMABAD: Islamabad High Court (IHC) has upheld the life imprisonment sentence of accused Raja Iram Kiani who is involved in murder of Customs Deputy Superintendent Raja Ibrar. Justice Muhsin Akhtar Kiani of Islamabad High Court heard the case and rejected the appeal filed by accused Raja Iram Kiani against the verdict of lower court and disposed off the appeal. Deputy ... Read More »