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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

FBR speedily carries forward finalization process of budgetary proposals

Chairman FBR holds press moot on important issues today

ISLAMABAD: Following the previous years’ practice, the Federal Board of Revenue (FBR) is carrying forward the process of finalization of budgetary proposals in a well organized manner. Every year, before announcement of the federal budget, a comprehensive budget exercise is carried out by the FBR, wherein  budgetary proposals are called from the trade bodies, chambers of commerce and industry from ... Read More »

DG PCA Sumaira Nazir orders stern action against five fake construction companies

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ISLAMABAD: Director General Post Clearance Audit Sumaira Nazir has refused to accept any pressure and influence on the scam of five fake importer construction companies. She has directed the officers concerned to register cases against the companies in accordance with the relevant provisions of the Customs Act 1969. According to sources, a group of retired senior officers approach the authorities ... Read More »

IHC issues directives in three tax matters filed against field offices of FBR

court adjourned - case adjournes

ISLAMABAD: The Islamabad High Court (IHC) has issued directives in three tax matters involving field offices of the Federal Board of Revenue (FBR) during third week of March. The court had issued directives to the Appellate Tribunal Inland Revenue (ATIR), Large Taxpayers Unit and others while hearing the cases filed by M/s CMPak Limited, M/s Werrick Pharmaceutical and M/s Mobizone ... Read More »

ATIR hears case filed by M/s Shalimar Recording Company during 3rd week of March

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ISLAMABAD: A single bench of the Appellate Tribunal Inland Revenue comprising Account Member Dr Ghulam Mujtaba Bhatti heard a case filed by M/S Shalimar Recording and Broadcasting Company during third week of March. The bench also issued directives to the parties to ensure presence before the bench and submit related documents to reach a decision at the earliest. M/s Shalimar ... Read More »

AFU surpasses Sales Tax collection target in 21 days

AFU surpasses Sales Tax collection target in 21 days copy

ISLAMABAD: The Customs Station Air Freight Unit (AFU) Islamabad has surpassed the assigned revenue target for the month of March FY2016-17 with collection of Rs275million. The target was surpassed in 21 days (1st to 21st March) under the head of Sales Tax (ST). According to Deputy Collector AFU Shahid Jan, the performance of the AFU has been satisfactory during March ... Read More »

WCO’s Photo Competition on July 07

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ISLAMABAD: The Secretary International Customs asked all the Directorates of Customs Intelligence and Customs Regions to send two photos showing customs activity to the Federal Board of Revenue for World Customs Organization (WCO) Photo Competition which is due to be held on July 07, 2017 whereas last date for submission of photos will be 1st of June 2017. The competition ... Read More »

Customs receives Rs236.97m gross CD during 20 days

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ISLAMABAD: The Model Customs Collectorate (MCC) Peshawar generated Rs236.97million gross Customs Duty during 20 days (1st to 20th) in the month of March of Financial Year 2016-17. According to Fazle Samad, Additional Deputy Collector MCC Peshawar, the collectorate is facing shortfall of different revenues and taxes due to stoppage of business activity at Torkham International Pak-Afghan Border. He said the ... Read More »

Speedy customs clearance facility converts Gwadar Port favorite of importers, exporters

19 Mar 2007, Gwadar, Pakistan --- A ship is seen anchored at Pakistan's Gwadar deep-sea port on the Arabian Sea. Pakistan tightened security around a coastal town in Baluchistan province  before the opening of a port authorities hope will bring prosperity to the remote and troubled region.    --- Image by © Reuters/Corbis

ISLAMABAD: The facility of speedy customs clearance has converted the Gwadar Port as a major attraction for importers and exporters. In this regard, the Customs Department has established state of the art infrastructure at the Gwadar Port to provide maximum facilities to the importers and exporters. The main focus of the epartment is speedy execution of entire customs clearance process ... Read More »

FST adjourns hearing of case filed by FBR employees on Thursday

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ISLAMABAD: Amid thin presence of staffers, Federal Service Tribunal dated in office hearing on ‘implementation’ and ‘increment’ complaints filed by employees of Federal Board of Revenue (FBR) on Thursday. FST bench comprising Members Syed Rafique Hussain Shah and Dr Nazir Saeed held hearing. Syed Rafique Hussain Shah and Dr Nazir Saeed dated in office hearing of cases filed by M ... Read More »

IHC issues notices to ATIR, FBR on petition filed by M/s Mobizone Limited

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ISLAMABAD: Islamabad High Court on Friday issued notices to Appellate Tribunal Inland Revenue and Federal Board of Revenue in a tax matter filed by M/s Mobizone Pakistan Private Limited. The bench, comprising Justice Athar Minallah and Justice Mohsin Kiyaani heard the complaint carrying a reference about federal excise duty. M/s Mobizone Pakistan Private Limited had filed the reference in which ... Read More »

FBR chairman attends Pemra meeting

Chairman FBR holds press moot on important issues today

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Irshad has attended a meeting of Pakistan Electronic Media Regulatory Authority (Pemra). During the meeting, the Pemra issued show-cause notices to nine satellite TV channels for airing fake news of a plane crash in Kallar Syedan near Rawalpindi. The meeting was also attended by Secretary Ministry of Interior Arif Ahmed Khan, ... Read More »

FBR decides to make single tax payment system

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KARACHI: The Federal Board of Revenue (FBR) has decided to make a single returns filing and tax payment system. However, the provincial revenue authorities are not yet willing to adopt the new system. The revenue authority of Khyber Pakhtunkhwa has developed its own tax collection system. However, Sindh and Punjab are ready to adopt this system. At present, taxpayers have ... Read More »

FBR guards local manufacturing sector while granting tax exemptions on imports under CPEC

Dr Irshad

ISLAMABAD: The Federal Board of Revenue (FBR) has well guarded the interests of domestic manufacturing sector while granting income tax, sales tax and Federal Excise Duty exemptions on import of plant, machinery and equipment under China Pakistan Economic Corridor (CPEC). This limitation has been made in a bid to safeguard interests of local manufacturing sector A well placed source at ... Read More »

Customs to observe extended working hours on 30th, 31st

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KARACHI: The Customs Department will observe extended working hours on March 30 and 31 for collection of duty and taxes. In a letter issued to all Customs stations across the country, the FBR directed to observe extended working hours on Thursday March 30, 2017 from 9:00am to 8:00pm and on Friday March 31, 2017 from 9:00am to 10:00pm for collection ... Read More »

MoC takes numerous measures to enhance exports to Afghanistan

khurramdastagir

ISLAMABAD: In the wake of declining exports to Afghanistan, the Ministry of Commerce (MoC) has taken a number of measures to make this deficiency. Pakistan’s exports to Afghanistan have come down from $1.962 billion in 2014-15 to $1.437 billion in 2015-16. A well placed source at MoC told Customs Today that Pakistan’s exports to Afghanistan witnessed a decline due to ... Read More »

Customs Intelligence unearths tax evasion of Rs 10m by M/s Mayo Enterprises Lahore

Tax Evasion

ISLAMABAD: Directorate General Customs Intelligence and Investigation, Federal Board of Revenue has detected another case of duty and tax evasion amounting to more than Rs 10 million at the Air Freight Unit of Benazir Bhutto International Airport, Islamabad, allegedly by the importer firm M/s Mayo Enterprises Ferozepur Road Lahore. According to the sources, the Directorate General received information that M/s ... Read More »

Customs detains non-duty paid Hino truck worth Rs 7m during road checking

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ISLAMABAD: Directorate General Customs Intelligence and Investigation Islamabad has detained a non-duty paid used Hino truck Model 2002 bearing registration No GZRA 1623, chassis no. FDIJME 10349 worth Rs 7 million. According to the details, the special car cell received information that a Hino truck was plying in the limits of Islamabad. After receiving the information, a team of special ... Read More »

Three judges appointed at customs regional offices

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ISLAMABAD: The Ministry of Justice and Law has appointed three judges at different regional offices of the Customs Appellate Tribunal since start of the year 2017. Aaqil Hassan Chohan was appointed Special Judge at tribunal’s Lahore office, Muhammad Saleem was appointed Member Technical at tribunal’s Peshawar office and Shoaib Khan was appointed Member Technical as Peshawar office. The ministry had ... Read More »

ASO seizes contraband goods with extra value of Rs216.66m in eight months

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ISLAMABAD: The Anti-Smuggling Organization (ASO) Islamabad confiscated contraband goods with extra value of Rs216.66million during eight months of Financial Year 2016-17 against the seized goods of corresponding year of 2015-16. The ASO seized worth Rs407.096million goods during July to February 2016-17 whereas it seized smuggled goods worth Rs180.43million during the same period of corresponding year 2015-16. The ASO seized 107 ... Read More »

Customs receives Rs399.71m all duty taxes in 15 days

tax revenue

ISLAMABAD: The Model Customs Collectorate Peshawar earned Rs399.71million all duty taxes during initial 15 days of March of Financial Year 2016-17. The collectorate received Rs12528.04million all duty taxes during 1st of July to 15th of March 2016-17. According to MCC Peshawar, the collectorate generated Rs152.36million Customs Duty during above said period whereas the collectorate got Rs4668.51million during 1st of July ... Read More »