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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

Senior FBR official Dr. Zubair Yousafani passes away

Int'l Customs Chief Dr Zubair

ISLAMABAD: Senior FBR official and Director Integrated Transit Trade Management System (ITTMS) Dr. Muhammad Zubair Yousafani died on Wednesday due to cardiac arrest. Sources told that Dr. Zubair was busy in his office work where he received second severe heart attack at about 4pm. He went home and then he was taken to PIMS where he breathed his last during angiography. ... Read More »

FBR to fill vacant posts to meet robust revenue collection target

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ISLAMABAD: In a bid to secure the robust revenue collection target for the fiscal year 2018-19, the Federal Board of Revenue (FBR) is going to recruit almost 3000 to 4000 human resource from grade 1 to 16. Presently, the FBR and sub departments face huge human resource shortfall; one person is assisting almost three officers as supporting staff and this ... Read More »

Chairman FBR Pasha terms Amnesty Scheme as last chance to legalize undeclared assets

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ISLAMABAD: Chairman Federal Board of Revenue (FBR) Tariq Mahmood Pasha visited Islamabad Chamber of Commerce & Industry and urged upon the business community to take full advantage of tax amnesty scheme as it was a last chance to legalize undeclared assets. He said that the amnesty scheme was focused on business community as public office holders and their dependents were ... Read More »

Rs380b black money turned into white under FBR’s amnesty scheme

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LAHORE: Under Amnesty Scheme announced by the last government of Pakistan Muslim League-Nawaz (PML-N), around Rs380 billion of black money is turned into white and at least Rs435 billion will also be legalized in near future. Official FBR sources revealed that a renowned businessman also declared his Rs 15 billion in recent past, while on the other hand after the ... Read More »

Additional Collector Adjudication Imran Chaudhary issues show cause to owner of NDP vehicle

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ISLAMABAD: The Customs Adjudication Additional Collector Imran Chaudhery issued a show cause notice against unknown owner of NDP Toyota Vitz car and ordered him to provide evidence against the vehicle otherwise case will be decided ex-parte. Additional Collector Imran Chaudhary told Customs Today that Assistant Collector Customs Preventive received credible information that a non-duty paid Toyota Vitz car bearing registration ... Read More »

FST seeks complete record of complaints filed by FBR employees

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ISLAMABAD: Two Federal Service Tribunal benches comprising Members Syed Rafique Hussain Shah and Dr Nazir Saeed dated in office hearings of service matters with submission of record. The bench dated in office hearing of ‘implementation’ and ‘increment’ complaints filed by FBR employees M Waheed, Anjum Rasheed, and others. Syed Rafique Hussain Shah and Dr Nazir Saeed adjourned hearing of cases ... Read More »

IHC seeks final arguments on petition filed by M/s Attock Oil Company & M/s Pak Telecom Mobile Limited

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ISLAMABAD: Hearing couple of tax references challenging tax recovery filed against Large Taxpayers Unit, Islamabad High Court directed parties to prepare for final arguments in the cases. The court was hearing references filed by M/s Attock Oil Company Limited and M/s Pak Telecom Mobile Limited. IHC single bench comprising Justice Aamer Farooq heard the matters. M/s Pak Telecom Mobile Limited ... Read More »

Customs Appellate Tribunal directs counsels to conclude arguments on petition filed by M/s Kohinoor Traders

Customs Court adjourns case filed against mobile phone smuggler copy

ISLAMABAD: Customs Appellate Tribunal on Tuesday directed counsels to conclude arguments on next date of hearing in a customs reference filed by M/s Kohinoor Traders. Customs Appellate Tribunal’s bench comprising member tribunal, Syed Muhammad Anwar heard the case being contested against Directorate General of Investigation and Intelligence, Islamabad. Earlier, the bench had dated in office hearing of the matter for ... Read More »

FBR to install 100% scanning project on all customs clearing stations

FBR Chairman Tariq Mahmood Pasha 1

ISLAMABAD: Federal Board of Revenue (FBR) is preparing the first draft of 100% scanning project for imported goods specially from India, Afghanistan and Iran. Each and every container will be scanned under this project, it is learnt here. Sources told Customs Today that special scanners will be installed on all border crossings, seaports and customs clearing stations. Sources told that ... Read More »

FBR establishes Directorate General of IOCO

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ISLAMABAD: Federal Board of Revenue (FBR) has established new organization “Directorate General Input Output Coefficient Organization” (DG IOCO) which will look after evaluation of rates of duty drawbacks on exported goods, rates of input output of goods and rates of wastage of goods, meanwhile the organization will also keep close liaison with concerned ministries and departments. Official sources told Customs ... Read More »

Date for amnesty scheme not to be extended: Shamshad Akhtar

Finance Minister Dr Shamshad Akhtar, FBR 1

ISLAMABAD: Finance Minister Dr. Shamshad Akhtar said the date for the amnesty scheme would not be extended, and urged the senior FBR officials to keep up efforts for best possible results under the scheme. She stated this while chairing a high level meeting at the Federal Board of Revenue (FBR) the other day. The minister also emphasized on effectively utilizing ... Read More »

CAA reluctant to provide vigilance desk to Customs staff at NIIA

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ISLAMABAD: The Civil Aviation Authority (CAA) is reluctant to provide vigilance desk to customs staff at Departure Hall of NIIA. Customs staff of NIIA is trying to get excess at PIA hangar’s area for vigilance of planes because most of narcotics cases were reported from the hangar area. Assistant Collector Farheen Zahra while talking to Customs Today said, “We have ... Read More »

NAB starts another high level probe against Nawaz Sharif on complaint of Asad Kharal

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ISLAMABAD: The NAB launched another high level inquiry against former prime minister Nawaz Sharif over money laundering allegations on the complaint of senior investigative journalist, Asad Kharal. The spokesperson for NAB said Kharal recorded his statement before the bureau and submitted relevant record to NAB investigators. According to the spokesperson, the complainant provided details about alleged money laundering by Sharif and ... Read More »

Collector Adjudication Seema Raza summons owner of M/s Yaqoob Hanif Trading Company

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ISLAMABAD: Collector Customs Adjudication summoned owner of the M/s Yaqoob Hanif Trading Company in tax evasion of Rs5.08 million. According to details, Collector Adjudication Seema Raza Bukhari summoned the owner of the said company in the contravention case No. 222/2018. During the audit of the record of the customs dry port Peshawar for the financial year 2013-14, the data of M/s ... Read More »

NAB summons Miftah Ismail for allegedly awarding illegal contracts

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ISLAMABAD: The National Accountability Bureau summoned Miftah Ismail on June 20 for awarding controversial contracts for the sale of natural gas liquids (NGL). The NAB on June 14 initiated an inquiry and sent a call notice to the former finance minister. He’s been summoned to explain “allegation(s) of corruption and corrupt practices by officials of the Sui Southern Gas Company Limited (SSGCL) ... Read More »

Customs forms anti-smuggling squads after CJP’s notice of green channel smuggling

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ISLAMABAD: In light of notice taken by Chief Justice of Pakistan Justice Mian Saqib Nisar against green channel smuggling and open sale of those smuggled goods in big markets of major cities, the Customs Collectrorate has constituted special anti-smuggling squads led by assistant collector Preventive to crack down on NDP vehicles, Intra-Kashmir Trade, godowns and smuggled goods within Rawalpindi Division. ... Read More »

IHC seeks record of four cases filed against Customs Appellate Tribunal, ATIR

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ISLAMABAD: The Islamabad High Court on Thursday directed parties to submit record of the cases while hearing four customs matters filed against Customs Appellate Tribunal and Appellate Tribunal Inland Revenue. A citizen, M Anwar Khan had filed four customs references against Customs Appellate Tribunal and Appellate Tribunal Inland Revenue. IHC division bench comprising Justice Aamer Farooq and Justice Mohsin Akhtar ... Read More »

Customs Appellate Tribunal reserves verdict of case filed by M/s Indus Laboratory

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ISLAMABAD: A single bench of Customs Appellate Tribunal reserved decision on a customs matter submitted by M/s Indus Laboratory against field office of Federal Board of Revenue (FBR) on Thursday. Muhammad Nasir Khan, Member Technical of Customs Appellate Tribunal, reserved the decision. The bench on last of hearing had directed parties to submit cases record before the bench by next ... Read More »

FBR extends date for filing of ST & FED returns till June 22

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ISLAMABAD: Federal Board of Revenue (FBR) extended the date for submission of sales tax and federal excise duty (FED) till May 22, 2018. According to notification issued by Second Secretary (ST&FE  Law,A&R) Javaid Hussain Butt in exercise of the powers conferred under section 74 of the Sales Tax Act, 1990 and section 43 of the Federal Excise Act, 2005, the ... Read More »

Islamabad Dry Port gets more revenue spinners

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ISLAMABAD: The Islamabad Dry Port got another revenue spinner the same as imported vehicles while kitchen appliances and food products have also been included along imports of old and new auto parts. Deputy Collector Wajid Zaman, talking Customs Today, said that assigned customs duty (CD) target for month of June is very high while if the IDP achieve quarter amount out ... Read More »