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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

NAB arrests AWJ Securities director; seizes relevant record

arrested

ISLAMABAD: Taking prompt action on a reference forwarded by Chairman SECP, the NAB Rawalpindi has arrested Hassan Waheed Khan, Director AWJ Securities Private Limited late night on Tuesday. The NAB team also raided the office of the AWJ Securities located on 2nd floor of the Stock Exchange Tower Islamabad and seized all the relevant record. The NAB Rawalpindi presented the ... Read More »

ATIR adjourns hearing of tax matter filed by M/s Aftab Traders

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ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) on Thursday dated in office hearing on a tax matter challenging issuance of show cause notice to M/s Aftab Traders. ATIR Account Member Dr Ghulam Mujtaba Bhatti resumed hearing on the case and date dated in office due to extensive hearing on some other matters at the tribunal. This case, filed by M/s Aftab Traders, was heard by the bench ... Read More »

FBR adopts new security measures at FBR House

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ISLAMABAD: In view of current security situation in the country, the Federal Board of Revenue (FBR) has decided to adopt new security measures. According to the details, Secretary Security and Management FBR has issued new directions to improve security, in which he has said that in view of the current wave of terrorism, the rear gate of the FBR House ... Read More »

IHC to hear tax reference filed by M/s Biafo Industries today

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ISLAMABAD: Islamabad High Court on Friday to resume hearing of M/S Biafo Industries’ tax reference challenging a recovery claim of Rs 783,325,701 made by the Large Taxpayers Unit, Islamabad . Justice Aamer Farooq of the IHC will hear the case.  M/S Biafo Industries had filed the case challenging a show cause notice issued by the Large taxpayers Unit,Islamabad. M/S Biafo Industries had named Federal Board of Revenue (FBR), officers of LTU ... Read More »

Chairman FBR appoints Member Administration Majid Qureshi as Chief Coordinator for Budget 2017-18

Majid Qureshi

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Irshad has appointed Member Administration Muhammad Majid Qureshi as a Chief Coordinator for Budget 2017-2018. Second secretary coordination has issued an office order regarding the arrangements for the budget 2017-18, with the approval of the Secretary Revenue Division and the FBR chairman and appointed chief coordinator, coordinator, deputy coordinator, chief security ... Read More »

ATIR to resume hearing of tax matter filed by M/s Pak Telecom Mobile Limited today

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ISLAMABAD: Appellate Tribunal Inland Revenue (ATIR) to resume hearing on a tax matter filed by M/S Pak Telecom Mobile Limited on Friday. ATIR Accountant Member Dr Ghulam Mujtaba Bhatti would hear the matter. M/s Pak Telecom Mobile Limited had contested show cause notices issued by the field offices of Federal Board of Revenue (FBR). According to details, M/s Pak Telecom Mobile Limited had challenged recovery of issued to it in head ... Read More »

Interior Ministry removes name of model Ayyan Ali from Exit Control List

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ISLAMABAD: Model Ayyan Ali has got a final nod to fly abroad as her name has been removed from the Exit Control List (ECL) by the Interior Ministry. Sources told Customs Today that on the orders of the Supreme Court, the Interior Ministry has issued the notification in this regard. Now Ayyan Ali can travel abroad and it is expected ... Read More »

Litigation main hurdle in collection of taxes from corporate sector: FBR Chairman Dr Irshad

Dr Irshad

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Irshad has said that litigation of cases has come as the biggest hurdle in the way of revenue collection from the corporate sector. While briefing the Public Accounts Committee (PAC) here, Dr Muhammad Irshad said that the cases involving an amount of Rs 750 million were pending with the courts against ... Read More »

Peshawar Drug Cell seizes 49 kg hashish valued Rs03.00m

drugs

ISLAMABAD: The Drug Cell of the Directorate of Customs Intelligence and Investigation Peshawar seized 49 kilogram of fine quality hashish worth Rs03.00 million in the international market. According to details, Muhammad Saleem, Director Customs Intelligence and Investigation Peshawar, got a tip-off that hashish was being smuggled into Peshawar. A picket was set up near Peshawar city by the Drug Cell ... Read More »

Finance Ministry plans another subsidy package for agricultural sector: Tariq Bajwa

Tariq Bajwa

ISLAMABAD: The Finance Ministry is planning to announce another subsidy package to farmers in the upcoming budget of fiscal year 2017-18. Moreover, the Finance Ministry has also directed banks including the National Bank of Pakistan to reduce markup rates for agriculture sector. During discussion on suitable reduction in present high markup rates on loans of agriculture sector along with possibility ... Read More »

IHC adjourns hearing of petition filed by M/s Hasas Engineering and Construction Limited

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ISLAMABAD: A single bench of the Islamabad High Court (IHC) on Wednesday adjourned the hearing of a petition filed by M/s Hasas Engineering and Construction Company (Private) Limited, challenging a recovery claim made by the Large Taxpayers’ Unit, Islamabad. Justice Aamer Farooq heard the matter and dated in office due to hearing of other cases at length. M/s Hasas Engineering ... Read More »

Customs Appellate Tribunal adjourns hearing of cases filed by M/s Lucky Enterprises, Haq Nawaz

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ISLAMABAD: A single bench of the Customs Appellate Tribunal adjourned the hearing of a couple of customs references on Wednesday filed against Model Collectorate of Customs (MCC). The bench comprising Member, Syed Muhammad Anwar, heard the cases filed by M/s Lucky Enterprises and another by Haq Nawaz. The bench sought more details on the matters by the sides before deciding ... Read More »

Dry port generates Rs398.476m duty taxes & surcharges during 15 days

Dry port generates Rs398 476m duty taxes & surcharges during 15 days copy

ISLAMABAD: The Customs Dry Port Islamabad collected Rs398.476million all duty taxes and surcharges during the 1st to 15th of February of Financial Year 2016-17. According to details told by Assistant Collector Amanat Khan that dry port’s performance is as usual excellent towards the collection of duty taxes. During 15 days of the current month, the dry port generated Rs152.927million customs ... Read More »

Customs Intelligence impounds 12 non-duty paid vehicles worth Rs 73m till Feb 21

MemberLegalShaukatAli

ISLAMABAD: Directorate General Customs Intelligence and Investigations of the Federal Board of Revenue (FBR) Islamabad has impounded 12 non-duty paid vehicles amounting to more than Rs 73 million, under section 16 of the Customs Act 1969, during various anti-smuggling operations from 1st February to 21st February. Director General Customs Intelligence Shaukat Ali expressed his satisfaction on the overall performance of ... Read More »

IHC to hear tax references filed by M/s Telenor Pakistan, M/s AKA CNG Filling Station today

court adjourned - case adjournes

ISLAMABAD: A single bench of the Islamabad High Court (IHC) will start hearing a couple of tax references on Thursday filed by M/s Telenor Pakistan (Private) Limited and M/s AKA CNG Filling Station. Justice Aamer Farooq would hear the matters. M/s Telenor Pakistan and M/s AKA CNG Filling Station had filed the references, challenging show cause notices issued by the ... Read More »

Customs generates Rs791.19m duty taxes during 1st to 15th of February

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ISLAMABAD: The Model Customs Collectorate Peshawar earned Rs791.19million duty taxes during the 1st to 15th of February Financial Year FY2016-17. According to details told by Additional Deputy Collector (ADC) Fazle Samad that during the initial 15 days of February, all the customs stations of the MCC Peshawar showed satisfactory performance. During above said period, the collectorate generated Rs213million customs duty ... Read More »

DG Customs Intelligence seeks details of 162  containers cleared by UAE customs

Global Shipping Containers

ISLAMABAD: The Directorate General Customs Intelligence and Investigations (I&I) Federal Board of Revenue, approached customs administration of the United Arab Emirates through Commercial Counsellor, in a seizure case of fabrics, cosmetics and mobile accessories. The Directorate sought details of previously cleared 162 suspected containers from the UAE customs authorities. Sources told Customs Today that a letter has already been written to ... Read More »

ATIR will hear tax matter filed by M/s Aftab Traders today

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ISLAMABAD: The Appellate Tribunal Inland Revenue (ATIR) will hear a tax matter, challenging issuance of a show cause notice to M/s Aftab Traders on Thursday. ATIR Account Member Dr Ghulam Mujtaba Bhatti would hear the case as single bench. This case, filed by M/s Aftab Traders, was heard by the bench for the first time and adjourned. The bench was ... Read More »

Chairman FBR appoints Member Administration Majid Qureshi as Chief Coordinator for Budget 2017-18

Majid Qureshi

ISLAMABAD: Chairman Federal Board of Revenue Dr. Muhammad Irshad has appointed Member Administration Muhammad Majid Qureshi as a Chief Coordinator for Budget 2017-2018. Second secretary coordination has issued an office order regarding the arrangements for the budget 2017-18, with the approval of Secretary Revenue Division and chairman Federal Board of Revenue and appointed as chief coordinator, coordinator, deputy coordinator, chief ... Read More »

BBIA DC for giving access to FIA data to control baggage examination

naghma Tehniat

ISLAMABAD: The Customs Staff of the Benazir Bhutto International Airport (BBIA) Islamabad needs access to the FIA data for effective profiling mechanism to bring down percentage of baggage examination without compromising controls. The customs staff deputed at the BBIA airport needs Body X-ray equipment for detecting body concealments. The airport customs staffers also require residential accommodation at the new Islamabad ... Read More »