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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

IHC seeks record of case filed by M/s Lakson Tobacco against FBR

IHC

ISLAMABAD: The Islamabad High Court (IHC) on Thursday directed parties to submit record in customs cases filed by M/s Lakson Tobacco Corporation Limited against office of the Federal Board of Revenue (FBR). A division bench of the IHC comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb heard the case. During previous hearing the bench had relisted the case for ... Read More »

Customs Islamabad surpasses collection target by earning Rs5509m under all heads

Profit

ISLAMABAD: The Model Customs Collectorate Islamabad received Rs5509million of extra revenue against an earmarked proportional period of seven and a half months (1st July to 15th of February) revenue collection target under all the heads for Fiscal Year 2017-18. According to details explained by Zulfiqar Ali Chaudhry, Collector, Model Customs Collectorate Islamabad, that, during first seven and a half months ... Read More »

BBIA confiscates 1.56kg of ice heroin hidden into handbag priced at Rs15m

All-focus

ISLAMABAD: The customs staff at the Benazir Bhutto International Airport Islamabad seized 1.56 kilogram of ice heroin concealed into a handbag of a passenger who was boarding an Abu Dhabi flight. According to details given by Zulfiqar Ali Chaudry, Collector Model Customs Collectorate (MCC) Islamabad, that the customs staff of the MCC Islamabad was on its routine duty checking when ... Read More »

Customs Appellate Tribunal adjourns hearing of case filed by M/s Kohinoor Traders against DG I&I

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ISLAMABAD: A division bench of the Customs Appellate Tribunal dated in office the hearing of a customs case filed by M/s Kohinoor Traders, challenging an announcement of the tribunal dismissing its case against Directorate General of Intelligence and Investigation, Islamabad. Customs Appellate Tribunal’s bench comprising Members Tribunal, Syed Muhammad Anwar heard the case. M/s Kohinoor Traders had filed cases against ... Read More »

Settlement of pending contravention cases by 30th of June to increase recovery

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ISLAMABAD: All the pending contravention seizure cases worth Rs1.00billion at the Collectorate of Adjudication Islamabad will be decided till 30th of June Financial Year 2017-18. This initiative will help maximize the revenue recovery. According to details explained by Dr. Arslan Subuktegin, Collector Adjudication, Islamabad, while giving an exclusive interview to Customs Today that the collectorate has adjudicate 308 contravention cases ... Read More »

53 posts of Customs inspectors vacant at Quetta Collectorate, Senate told

Rana afzal1

ISLAMABAD: As many as 53 posts of inspectors are vacant at Model Customs Collectorate (MCC) Quetta, Federal Minister for Finance, Revenue and Economic Affairs Rana Muhammad Afzal Khan told a Senate body. During question hour, the minister said that 61 posts of inspectors were vacant at Model Customs Collectorate (MCC) Quetta against direct appointment quota only out of which eight ... Read More »

Customs North Region earns Rs91m more revenue than yesteryear

surplus

ISLAMABAD: The Customs North Region earned Rs91million extra revenue of all duties and taxes during first two weeks of FY2017-18 against the same period of corresponding Fiscal Year 2016-17. According to details explained by sources of Customs North Region, which comprises Customs Collectorates of Islamabad, Peshawar, Samberial and Gilgit-Baltistan, it was told that the North Region generated Rs984.50million of all ... Read More »

Collector Islamabad discusses revenue & anti-smuggling activity with formation staff to meet targets

Collector Arslan

ISLAMABAD: The Collector MCC Islamabad held a meeting with the formation staff and officers to increase the revenue and anti-smuggling activity to meet the assigned revenue targets for the month of February FY17-18. According to details given by Muhammad Ashfaque, Additional Collector, Model Customs Islamabad, that today’s meeting was organized to develop a strategy and streamline the issues faced by ... Read More »

FBR again seeks details of Customs, IR officers’ dual nationality

FBR 1

ISLAMABAD: The administration of Federal Board of Revenue has once again issued directives to all the department heads to submit the details of the Customs and Inland Revenue officers of BS-17 and above who have dual nationality so that the details could be submitted to the Establishment Division. Previously, the administration department of the FBR issued a letter on the ... Read More »

Customs Islamabad records 200pc hike in reimbursement of rebates during two weeks

rebate

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad showed 200% increase by paying off rebate refunds under the head of Customs Duty during first two weeks of February FY17-18 against the same period of corresponding FY2016-17. According to details given by official sources of the MCC Islamabad that the MCC reimbursed Rs5million of rebate refunds during first two weeks of previous ... Read More »

Senate body directs finance ministry to release funds for FBR projects

fbr-house

ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Economic Affairs has directed the ministry of finance and planning to timely release the development funds allocated for the projects of Federal Board of Revenue under Public Sector Development Programme (PSDP). The Senate committee has approved allocation of Rs 6.155 billion for its 49 new and ongoing FBR development projects under ... Read More »

IHC reserves verdict of customs matter filed by M/s Hasas Engineering

IHC

ISLAMABAD: Justice Aamer Farooq of the Islamabad High Court (IHC) has reserved a decision on a customs matter filed by M/s Hasas Engineering and Construction Company (Private) Limited. The appellant had challenged a recovery notice issued by commissioner Inland Revenue of Large Taxpayer’s Unit, Islamabad. The bench reserved decision after hearing arguments in the case with submission of record. ATIR ... Read More »

Govt supports for timely completion of Thar Coal Power Project

Haroon Akhtar Khan 1

ISLAMABAD: Special Assistant to the Prime Minister on Revenue/Federal Minister Haroon Akhtar Khan has assured full government support for the timely completion of the Thar Coal Power projects in view of the enormous benefits they would bring to the national economy besides transforming the landscape of Thar. “These projects are vital for Pakistan not only in meeting its future energy ... Read More »

FBR receives 1.238m tax returns till 15th

FBR receives 1 133 341 tax returns till April 30 copy

ISLAMABAD: The Federal Board of Revenue has informed a parliamentary committee that around 1.238 million people had filed their tax returns by February 15, which are 24 percent higher than the returns filed last year. The FBR’s official informed the Senate Standing Committee on Finance and Revenue that 998,000 returns were field during corresponding period year of the previous year. ... Read More »

Five Customs Officers reshuffled

Transfer

ISLAMABAD: Under the direction of the FBR, five Customs Officers of PBS-17 and above have been transferred to different places of MCC Peshawar, the correspondent of Customs Today learnt. Five officers, including Abaud Ullah, Deputy Collector, on his joining, have been transferred to Headquarters, A/S Division North Peshawar, SCS/2nd Treasury Officer/ADRC projects/SWHs Peshawar, Mardan, Noshera and Auction Cell. It was ... Read More »

Inland Revenue offices to remain open on 24th

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ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday announced that the offices of Inland Revenue (IR) will remain open on Saturday, February 24, and observe normal working day for collection of duty and taxes. In a circular issued to all chief commissioners of the Large Taxpayers Units (LTUs), Regional Tax Offices (RTOs) and Corporate Regional Tax Offices (CRTOs), the ... Read More »

Haroon briefs ADB delegation on Pak economy at FBR House

Haroon, ABD

ISLAMABAD – Special Assistant to PM on Revenue/Federal Minister Haroon Akhtar Khan has said the government is aiming for pro-investment and business-friendly federal budget to boost the economy. He was talking to an Asian Development Bank team led by Pakistan Resident Mission Country Director Ms Xiaohong Yang at FBR House. The minister said “We are looking into all possible ways ... Read More »

Customs confiscates 3,363 smuggled vehicles in 4 years

srilankavehicles

ISLAMABAD: Federal Board of Revenue (FBR) has confiscated 3,363 non-customs paid or smuggled vehicles in Karachi, Peshawar and Quetta during last four years. It was revealed during a meeting of the Senate Standing Committee on Finance. A Customs official briefed the committee that during last four years 3,363 vehicles were confiscated in Quetta, Peshawar and Karachi by the Custom authorities, ... Read More »

Islamabad Dry Port posts 5pc marginal deficit of Customs Duty during half of February

fiscal deficit

ISLAMABAD: The Customs Islamabad Dry Port Margallah showed -5% decreases under the head of Customs Duty (CD) against an earmarked proportional revenue collection target during the first half of February Financial Year 2017-18. According to details given by sources of the Model Customs Collectorate (MCC) Islamabad that, during first half, the Islamabad Dry Port (IDP) exhibited -11% decrease of CD ... Read More »

Customs court to declare Ayyan absconder

Ayyan-Ali-model

ISLAMABAD: The customs court has given gave an ultimate warning to Ayyan Ali stating that the model will be declared an absconder if she fails to appear before the court in the currency smuggling case. The proceedings for the case in Rawalpindi’s customs court began despite Ayyan Ali’s absence. The court upheld her arrest warrant but made it clear that ... Read More »