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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

Avoidance of double taxation accord to stimulate business, trade activities: Brazilian envoy

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ISLAMABAD: Ambassador of Brazil Claudio Raja Gabaglia Lins has said that with the objective to enhance bilateral trade volume and increase the economic cooperation between Pakistan and Brazil both the countries are going to establish Pakistan Brazil Business Council (PBBC). PBBC is going to be a platform for both Pakistani and Brazilian investors and businessmen to discuss their future plans ... Read More »

North Region goes superior by posting 45.37% growth during 15 days of October

Chief Collector Sarwat Tahira

ISLAMABAD: The North Region earned surplus revenue of Rs533.79million during the 1st to 15th of October Financial Year 2017-18 under the heads of all duties and taxes against the collection of all duties and taxes during the same period of corresponding Financial Year. The North Region showed 45.37% growth under all the heads in revenue collection during the initial 15 ... Read More »

FBR starts audit of WHT submitted by M/s Telenor Pakistan Limited

Tanveer Ahmad Member HRM

ISLAMABAD: M/s Telenor Pakistan (Private) Limited has provided the revised data to the Federal Board of Revenue. The FBR has started the audit of withholding tax on the basis of revised data provided by the M/S Telenor Pakistan. According to Member Operation Inland Revenue FBR Khawaja Tanvir, the initial analysis suggested that the number of customers are 40,441,316 while transactions ... Read More »

Dar directs FBR to withdraw tax on widows, pensioners

Dar, FBR

ISLAMABAD: In a move to facilitate widows and pensioners, Finance Minister Ishaq Dar has directed the Federal Board of Revenue (FBR) to remove 10 percent income tax on profits received through two schemes of National Savings – Pensioners Benefit Account (PBA) and Behbood Savings Certificates (BSC). The finance minister chaired a meeting to review the performance and other matters related ... Read More »

FST reserves verdict on complaints filed by FBR employees

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ISLAMABAD: Federal Service Tribunal reserved decision on an implementation complaint filed against Federal Board of Revenue (FBR) by Syed Sultan Abbas on Thursday. Ishtiaq Ahmed and M Javed Iqbal Kasi heard the final arguments on the case and reserved decision on the matter. Same bench heard the cases asking the tribunal to ensure implementation over its earlier announced decision which ... Read More »

SRO-1035 to help decrease $500m imports, increase Rs20b revenues: Zahid Khokhar

zahid-Khokar

ISLAMABAD: Customs Member Zahid Khokhar has said that the Federal Board of Revenue has merged eight statutory regulatory orders (SROs) to issue SRO 1035(I)/2017, which has been imposed with effect from October 17. “There would be about $500 million decrease in the country’s imports by June 30, 2018,” he said, adding that there would also be more than Rs20 billion ... Read More »

Sarwat advises four collectors to appoint focal person for tackling anti-smuggling activities

Sarwat Tahira (4)

ISLAMABAD: Customs Chief Collector North Region Sarwat Tahira Habib asked all the four customs collectors, working under North Region, to appoint a focal person for the four collectorates to handle the anti-smuggling activities within the jurisdiction of North Region. She appreciated the performance of all the collectorates and directed them to gear up efforts to meet the assigned revenue collection ... Read More »

Contract of Customs Appellate Tribunal Member Umar Arshad Hakeem extended for two years

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ISLAMABAD: The Ministry of Law and Justice has extended the contract of  Umar Arshad Hakeem as Judicial Member Customs Appellate Tribunal for two years with effect from October 15. The contract was extended by the federal government in exercise of powers conferred in Sub Section 2 of Section 194 of the Customs Act, 1969. It was further stated that the ... Read More »

MCC Islamabad Auction Cell receives Rs495000 thru auction of perishable items

Peshawar & Kohat customs earn Rs09 86m through auction of impounded vehicles & goods copy

ISLAMABAD: The Auction Cell of the Model Customs Collectorate Islamabad held an auction of seized perishable goods and earned Rs495000. The auction was held on 17th of October 2017 at the State Ware House G/11 Islamabad. According to details explained by Majid Hussain Gadd, Assistant Collector Auction Cell MCC Islamabad, that the Auction Cell showed tremendous performance under the guidance ... Read More »

Truck loaded with 4,100 kg of US non-fat dry milk impounded by ASO Islamabad

Dry milk

ISLAMABAD: The Customs Anti-Smuggling Organization Islamabad seized 4,100 kilogram of smuggling American non-fat dry milk cargo in transit to Afghanistan via Karachi port. The seized transit smuggling milk was taken into possession on GT Road Rawat. According to details given by Superintendent Abdul Malak while providing details to Customs Today that, on tip-off, Collector Dr. Saeed Khan Jadoon, Collector Model ... Read More »

Appellate Tribunal Inland Revenue functioning sans registrar for five months

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ISLAMABAD: Despite lapse of months, the Ministry of Law and Justice has not appointed registrar of the Appellate Tribunal Inland Revenue (ATIR). According to the information available with ministry’s online pages, the ministry had yet not appointed a new registrar of the Appellate Tribunal Inland Revenue.  Hence, the office of registrar at Appellate Tribunal Inland Revenue is lying vacant for ... Read More »

IHC directs counsels to submit final arguments on customs reference

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ISLAMABAD: A division bench of the Islamabad High Court (IHC) comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb directed parties to prepare for final arguments while hearing a customs matter submitted by Model Collectorate of Customs on Wednesday. The bench had earlier relisted the matter for rehearing during next week along with other similar cases. The Collector Customs had ... Read More »

Senate body censures FBR for not conducting tax audit of telecom cos

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ISLAMABAD:  The Senate Standing Committee on Finance has taken the Federal Board of Revenue (FBR) to task for not conducting tax audit of telecom companies working in Pakistan, as they are taking million of rupees taxes from the consumers. The committee, which met under the chairmanship of Senator Saleem Mandviwalla, has also expressed concerns over the collection method of withholding ... Read More »

FBR exempts SMEs, export sectors from recently imposed regulatory duty

Travelers to India under import duty exemption, Frequently Asked Questions û Part 2_thumb

ISLAMABAD: Federal Board of Revenue (FBR) has exempted small and medium enterprises (SMEs) and export-oriented units from paying regulatory duty levied through SRO 1035(I)/2017 on import of raw material and machinery. The FBR issued a list of 731 items for the imposition of regulatory duty ranging from 2 to 80 percent. Sources in the FBR said that through the SRO ... Read More »

Customs Today finds list of 731 items selected for regulatory duty hike

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ISLAMABAD: The Federal Board of Revenue (FBR) has increased regulatory duty (RD) on 731 commodities to control the soaring imports of the country. The enhanced RD has been imposed on around 731 items including used cars, tyres, mobile phones, electronic goods, readymade garments, ceramics tiles, pulses, fruits, dairy items, sports goods, and cosmetics etc. Following is the complete list of ... Read More »

FBR increases import duty on 731 items

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ISLAMABAD: The Federal Board of Revenue (FBR) has increased regulatory duty (RD) on 731 commodities to control the soaring imports of the country. The enhanced RD has been imposed on around 731 items including used cars, tyres, mobile phones, electronic goods, readymade garments, ceramics tiles, pulses, fruits, dairy items, sports goods, and cosmetics etc. The FBR issued the notification of ... Read More »

Truck loaded with smuggling US non-fat dry milk taken into possession by ASO Islamabad

Dry milk

ISLAMABAD: The Anti-Smuggling Organization Islamabad seized 4,100 kilogram of smuggling American non-fat dry milk in transit to Afghanistan via Karachi port. The transit smuggling goods were seized on GT Road Rawat. According to details given by Superintendent Abdul Malak that, on an actionable tip-off, Collector Dr. Saeed Khan Jadoon, Collector Model Customs Collectorate (MCC) Islamabad, set up a picket on ... Read More »

IHC to hear customs reference filed by DG I&I today

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ISLAMABAD: A division bench of the Islamabad High Court (IHC) will hear a customs reference on Wednesday filed by Directorate General of Intelligence and Investigation, Islamabad. Earlier, an IHC bench comprising Justice Athar Minallah and Justice Mohsin Akhtar Kayani had heard the case. The FBR field office had filed the customs case against M/s Smart Zone (Private) Limited and others. ... Read More »

Customs Appellate Tribunal to hear cases in Islamabad from October 31

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ISLAMABAD: Customs Appellate Tribunal Chairman Justice (r) Malik Manzoor Hussain will visit the tribunal’s headquarters in Islamabad on October 31, said the tribunal officials. The chairman would visit the capital owing to increasing load of cases which had been filed during recent months, they added. It is pertinent to mention that chairman had completed a week long visit to tribunal’s ... Read More »

FST issues directives on complaints filed by FBR employees

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ISLAMABAD: Federal Service Tribunal on Tuesday issued fresh directives submit relating record of cases being contested by employees of FBR at tribunal. FST Chairman Justice (r) Sayed Zahid Hussain and Dr Nazir Saeed heard three cases filed by M Sulaman Javed, Muhammad Nawaz, Muhammad Shakeel Akhtar and others. Muhammad Sulaman Javed had prayed to tribunal in ensure implementation over its ... Read More »