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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

WB team visits MCC to review performance

FSD collector Zulafqar

ISLAMABAD: A five-member team of World Bank visited the Model Customs Collectorate (MCC) and held a detailed meeting with Collector Zulfiqar Ali Chaudhary, while Additional Collector Mohammad Ishfaq and Deputy Collector Wajid Zaman were also present on the occasion. Sources told Customs Today that during the meeting, the WB delegation was informed that the Federal Board of Revenue (FBR) has ... Read More »

Shahid Jan, Fazli Shakoor to participate in ICD & IBM workshop in Turkey

Training-workshop

ISLAMABAD: First Pak-Afghan expert workshop on International Controlled Delivery (ICD) operations and 8th Pak-Afghan Integrated Border Management workshop (IBM) will be held  from today (19-12-2917 to 21-12-2018) in Turkey at the Turkish International Academy. Federal Board of Revenue has nominated two operational level officers, including Additional Director Customs Shahid Jan, Deputy Director Customs Intelligence and Investigation Quetta Fazli Shakoo to ... Read More »

Customs generates Rs13m through auction of 10 PM House vehicles

auction

ISLAMABAD: Collectorate of Customs generated Rs13 million through auction of 10 luxury vehicles of Prime Minister House. Sources told Customs Today that it was the 3rd auction of vehicles surrendered by PM House during the last two months (November–December) of Fiscal Year 2018-19. The sources said that the Prime Minister House handed over 49 old vehicles to MCC for auction. They added ... Read More »

FBR trying hard to bring undocumented economy into tax net

fbr

ISLAMABAD: Around half of the country’s economy is undocumented and Federal Board of Revenue (FBR) is trying hard to document that economy and bring it into the tax net, it is learnt here. Official sources told Customs Today that FBR is focusing on the undocumented economy and bringing this economy into the tax net will increase the direct tax revenue ... Read More »

Shipping cos demurrage & detention issue echoes in Parliament after coverage by Customs Today

Razzak Dawood

ISLAMABAD: Issue of demurrage and detention and excessive charges echoed in the Parliament. Advisor to the PM on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood has urged importers and exporters to file their grievances related to shipping companies’ additional and unfair charges issue with the Ministry of Commerce. According to detail, Member National Assembly Faheem Khan raised ... Read More »

Only 35,000 out of 83,000 registered companies file tax returns

final notice

ISLAMABAD:  Federal Board of Revenue (FBR) has taken notice of companies which are not filling yearly income tax returns despite being registered with Securities and Exchange Commission of Pakistan (SECP), it is learnt here. Official sources told Customs Today that at least 83,000 of companies are registered with Securities and Exchange Commission of Pakistan (SECP) where only 35,000 of companies ... Read More »

Customs seizes Rs16,453m worth of goods so far during FY2018-19

Jawwad Owais Agha

ISLAMABAD: Collectorate of Customs anti-smuggling squad seized 1412 non-duty paid vehicles and 822 offending vehicles along with various type of smuggled goods worth Rs16453 million so far during Fiscal Year 2018-19. Sources of Customs Department told Customs Today that all field formations of customs department are showing outstanding performance under the supervision of Member Customs Operations Dr. Jawwad Awais Agha. ... Read More »

Deadline for filing income tax return expiring tonight

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ISLAMABAD: The deadline for filing income tax returns is expiring tonight (Monday), which the Federal Board of Revenue would not reportedly extend again. The government has already extended the deadline thrice to November 30, December 15 and December 17 (today) and sources say a further extension is highly unlikely. These back-to-back extensions have helped the government increased tax revenues by ... Read More »

FBR allows filing of income tax returns till Dec 17

tax returns

ISLAMABAD: Federal Board of Revenue (FBR) allowed filing of income tax returns until 17th December 2018 because of the weekend failing on 15th December which was previously announced as the deadline for filing of returns, says a statement issued by the FBR. The statement issued by the official spokesperson FBR says that a number of queries have been received about ... Read More »

FBR’s 13 new BTBs to start functioning soon

fbr

ISLAMABAD: Federal Board of Revenue (FBR) has planned to open 13 new broadening tax base (BTB) formations in four provinces. In the 1st phase of BTB restructuring plan, BTB Zones have already been operationalised at Lahore, Karachi and Islamabad. Now in the 2nd phase, 6 BTB Zones at Hyderabad, Multan, Faisalabad, Gujranwala, Rawalpindi & Peshawar and in the 3rd phase ... Read More »

Govt to discuss dual taxes issue in Council of Common Interests meeting

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ISLAMABAD: State Minister for Revenue Hammad Azhar clarified that to resolve the issue of dual taxes in the country, government has decided to discuss during the Council of Common Interests (CII) meeting, while the basic reason behind revenue shortfall is the low taxes imposed on petroleum products. Talking to media, Hammad Azhar has said that government has planned not to ... Read More »

Office of customs airfreight unit at IIA being shifted as building starts collapsing

Nisar Ahmad Phularwal

ISLAMABAD: The authorities are shifting the office of customs cargo (airfreight unit) after the building of the unit at the Islamabad International Airport (IIA) has started collapsing. Additional Collector Customs Nisar Ahmed Phularwal has said that the Civil Aviation Authority (CAA) would start shifting the office of the airfreight unit to another place, comprising two rooms, on Monday. He confirmed ... Read More »

Pak rupee will not depreciate further: Hammad Azhar

pak rupee 4

ISLAMABAD: Minister of State for Revenue Hammad Azhar said that the Pakistani rupee would not depreciate further. Responding a calling attention notice raised by Senator Sherry Rehman regarding the record devaluation of Pak rupee against US dollar, he said the prices of the dollar against rupee had been maintained artificially in the past through expenditure of $8 billion from foreign ... Read More »

Number of taxpayers doubled in last ten years: FBR

fbr

ISLAMABAD: Due to hard efforts and effective tax measures of Federal Board of Revenue, the total number of taxpayers has doubled in last ten years (2008 to 2018), but unfortunately, the number of real taxpayers is very disappointing. According to a report submitted by FBR in the parliament, there are only 1.074 million people who pay taxes out of 220 ... Read More »

Customs ASO impounds five non-duty paid vehicles worth Rs28m

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ISLAMABAD: Collectorate of Customs Anti-Smuggling Organization team seized huge quantity of non-customs paid goods and impounded five non-duty paid vehicles worth Rs28 million during different anti-smuggling operations on December 12 and arrested two persons. Sources told Customs Today that Collector Zulfiqar Ali Chaudhary directed all anti-smuggling squad to adopt zero-tolerance policy against owners of non-duty paid goods and vehicles. The ... Read More »

Tax collection on prepaid, post paid consumers suspended on SC orders, Asad tells NA

Asad Umar

ISLAMABAD: Federal Finance Minister Asad Umar has said that Supreme Court has suspended the collection of tax through interim orders for both prepaid and post-paid consumers of cellular companies. In reply to a question of MNA Ch. Iftikhar Nazir at the National Assembly, whether it is a fact that tax exemptions extended to the consumers of cellular phone companies on the ... Read More »

Ministry proposes removal of 10pc sales tax on local powder milk

Dry milk

ISLAMABAD: Ministry of National Food Security and Research has proposed to remove existing 10 per cent sales tax on locally manufactured powdered milk to promote its production. The other proposal is to increase duty on import of dry milk powder to discourage its import. Official sources said Pakistan has imported on an average 55,000 tons of powdered milk (skimmed milk ... Read More »

Customs Today reports set off alarm bells at PM Office, Hammad Azhar takes notice of green channel mega scam

Hammad Azhar 2

ISLAMABAD: State Minister for Revenue Hammad Azhar, taking notice of the sheer misuse of Customs green channel facility extensively reported by Customs Today, has directed FBR Chairman Jahanzeb Khan to probe the issue and report back to him. According to details, Hammad Azhar asked the FBR to give him comprehensive presentation on working of Green Channel at Karachi ports and ... Read More »

FBR Member FATE Hamid Ateeq Sarwar to head PMDU

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ISLAMABAD: On directions of Prime Minister Imran Khan, the Revenue Division has formed a new department named Prime Minister Directive Unit (PMDU) while Member FATE Federal Board of Revenue will head the unit. Sources told Customs Today that PMDU received about 1012 complains during one week, these complains are related with FBR field formations and other government offices. Deputy Director ... Read More »

Customs seizes DTH devices worth Rs97.8m, SC told

DTH

ISLAMABAD: A committee constituted by the Supreme Court reveals that the customs authorities have seized illegal DTH devices worth Rs97.8 million from various markets. The committee comprising officials of the FBR, FIA and PEMRA submitted the final report to the apex court in which it stated that the illegal DTH devices have almost disappeared from the local market due to ... Read More »