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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

Import tariffs discourage manufacturing sector in Pakistan says Ashar Aziz CEO SkyElectric

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ISLAMABAD: The founder executive chairman and Chief Executive Officer SkyElectric Ashar Aziz has said that import policy and higher tariff rates are only facilitate the importers of manufactured products rather than the importers of raw material for value added or furnished goods. Thus both the import policy and higher tariff rates are proving hurdle in the promotion of local manufacturing ... Read More »

FBR chief for ending distance between officers & general staffers

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ISLAMABAD: Chairman Federal Board of Revenue Dr. Irshad Khan said that distance between officers and general staffers must be ended. We must respect the uniformity as it is our pride. People should respect the uniformity and they should also try to respect the layman. Inland Revenue Service and Customs Department must work together. The current culture of working environment must ... Read More »

IHC adjourns hearing of tax references filed by M/s Attock Oil Company, Pak Telecom Mobile

IHC

ISLAMABAD: The Islamabad High Court (IHC) dated in office the hearing hearing of a couple of tax references challenging tax recovery filed against Large Taxpayers Unit. The court ordered the office to relist the cases for post Eid proceedings. The references were filed by M/s Attock Oil Company Limited and M/s Pak Telecom Mobile Limited. The IHC single bench comprising ... Read More »

FBR Chairman Dr Irshad will inaugurate new office of FBR Foundation today

MEMBER) DR MOHAMMAD IRSHAD

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Irshad will inaugurate the newly established office of the FBR Foundation here at the Customs Collectorate on June 22, 2017 (today). Sources told Customs Today that the chairman will also inspect the customs squad parade whereas the customs squad will present guard of honour to the chairman, adding that chairman will cut ... Read More »

FBR fetes Member Admin Majid Qureshi on retirement

Majid Qureshi retirement

ISLAMABAD: In line with the tradition in FBR, the Board-in-Council meeting attended by all FBR Members paid rich tributes to Majid Qureshi, a BS-21 officer, for his laudable services and contribution towards promotion of public policy and tax culture. The Members also shared their reminiscences of pleasant memories and experiences while working with the honourably retired officer. Majid Qureshi, speaking on ... Read More »

Passenger bus with smuggled fabrics & other goods valued Rs2.611m impounded

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ISLAMABAD: The Rapid Response Force (RRF) of Model Customs Collectorate (MCC) Islamabad impounded a passenger bus with a big quantity of smuggled fabrics and other goods along with an offending vehicle (Vehicle used for carrying smuggled goods) worth Rs2.611million. According to Deputy Collector Anti-Smuggling Organization (ASO) Islamabad, Collector MCC Dr. Arslan, on a tip-off, constituted a squad under the supervision ... Read More »

IHC takes up customs cases filed by different companies

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ISLAMABAD: A division bench of the Islamabad High Court (IHC) on Wednesday dated in office the hearing of a customs reference filed by Directorate General of Intelligence and Investigation, Islamabad. The IHC bench comprising Justice Athar Minallah and Justice Mohsin Akhtar Kayani heard the case and adjourned for post Eid hearings. The FBR field office had filed the case against ... Read More »

FBR imposes up to 60% duty on import of luxury vehicles

india vehicles

ISLAMABAD: Federal Board of Revenue (FBR) has imposed up to 60 percent regulatory duty on import of luxury vehicles. The FBR issued two different SROs on Wednesday to update the implementation of regulatory duty that was announced in the budget on May 26, 2017. The FBR notified regulatory duty on ad valorem basis imposed on about 508 items in order ... Read More »

Regulatory duty on over 500 items increased

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ISLAMABAD: The Federal Board of Revenue (FBR) has increased regulatory duties (RD) on more than 500 items including electronics, milk products, kitchen items, cars, fruits and vegetables. The government in the budget for next financial year 2017-18 had enhanced the RD on imported and non-essential items by five percent. The impact of the RD on the import of luxury and ... Read More »

SC censures FBR for not pursuing cases

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ISLAMABAD: The Supreme Court has remarked that keeping in view the lack of seriousness on the part of FBR in pursuing the cases, it seems that some nomads are running FBR and tax department. The court further observed, “The concerned authorities have no interest in the cases and their interest lies somewhere else rather than their job. There is no ... Read More »

‘Reward and Honorarium’ amount released for FBR officials

ishaqdar

ISLAMABAD: On the instructions of Federal Finance Minister Senator Mohammad Ishaq Dar, the Finance Division has released a huge amount to the Federal Board of Revenue under the head of ‘Reward and Honorarium’ for its officers and employees. Chairman FBR Dr. Muhammad Irshad has congratulated all the officers and employees and said it is the right of those officers and ... Read More »

Customs court rejects Ayyan’s request to cancel arrest warrants

Ayyan-Ali-model

RAWALPINDI: A Customs court Wednesday rejected model Ayyan Ali’s request to cancel her arrest warrants and asked her to appear before the court in the next hearing, scheduled for July 29. Ali is involved in a currency smuggling case and had went abroad following a decision by the Supreme Court to remove her name from the exit control list (ECL). ... Read More »

Islamabad IMO earns Rs450000 more Duty Taxes than last year’s during 15 days

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ISLAMABAD: The International Mail Office (IMO) Islamabad collected Rs450000 more Duty Taxes during 1st to 15th of June’s Financial Year (FY) 2016-17 than the revenue collection of the same period during May FY16-17. Assistant Collector IMO Ali Asad told Customs Today that during the initial 15 days of June FY16-17, the IMO generated Rs1.4million against the assigned revenue collection target under ... Read More »

NDP Land Cruiser valued Rs2.6m impounded by Car Cell on Rawalpindi GT Road

smuggling

ISLAMABAD: The Car Cell of the Model Customs Collectorate (MCC) Islamabad impounded a Non-Duty-Paid (NDP) Land Cruiser worth Rs2.6million from Rawalpindi. According to Customs Today that on a tip-off shared by Collector MCC Dr. Arslan, the car cell set up a picket on GT Road Rawalpindi and intercepted a non-duty paid car with fake registration number. After the interception, the ... Read More »

Non-cash banking transactions: FBR collects Rs11.31b from non-filers

NBP ATM

ISLAMABAD: The Federal Board of Revenue (FBR) collected Rs11.31 billion on non-cash banking transactions by non-filers during the first 11 months of the outgoing fiscal year. FBR secured Rs11.55 billion on non-cash banking transactions by non-filers of income tax returns in the corresponding period of 2015-16. Sources said expansion in cash-based transactions and drive to compel taxpayers to file income ... Read More »

FBR freezes Iesco employees’ accounts

electricity theft

ISLAMABAD: The Federal Board of Revenue (FBR) has frozen the bank accounts of Islamabad Electric Supply Company (Iesco ) employees for not filing tax returns, FBR sources said. The step has put the salaries of the Iesco employees in limbo. According to Iesco sources, employees would not be able to get salaries if the accounts are not unfrozen in two days. Read More »

US to provide additional Rs 19 billion for economic prosperity

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ISLAMABAD: The United States is providing an additional Rs 19 billion to create economic opportunities and pursue economic and political reforms that promote prosperity in Pakistan. Sources told Customs Today that the additional funds will be used for development of Pakistan through an amendment to the Pakistan Enhanced Partnership Agreement signed recently by the US Agency for International Development (USAID) ... Read More »

FBR faces Rs100b shortfall in meeting Rs3,521b target

FBR faces Rs100b shortfall in meeting Rs3 521b target copy

ISLAMABAD: The Federal Board of Revenue (FBR) may suffer Rs100 billion shortfall in achieving the tax target set for the outgoing fiscal year. According to a senior official, the FBR would likely be able to collect Rs3,421 billion instead of Rs3,521 billion till June 30. However, he said efforts are being made to touch Rs3,450 billion. If compared with the ... Read More »

AFU Export Section gets Rs932.93m of business during 15 days of June

AFU Export Section gets Rs932 93m of business during 15 days of June copy

ISLAMABAD: The Customs Export Section of Air Freight Unit (AFU) earned business of Rs932.93million during 15 days (1st June to 15th of June) of Financial Year 2016-17 whereas it cleared export consignments of 1,419 Goods Declarations (GDs) under both ends WeBOC and One Customs. According to Deputy Collector Tahir Khattok, mango season has started and the AFU exported mangoes of ... Read More »

FST postpones hearing of cases filed by FBR employees

court adjourned - case adjournes

ISLAMABAD: The Federal Service Tribunal (FST) dated in office the hearing of a number of cases carrying complaints against the Federal Board of Revenue (FBR). The FST division bench comprising Members, Muhammad Arshad Bhatti and Muhammad Javed Iqbal Kasi, heard the petitions carrying complaints on promotion and suspension matters. The bench reserved decision on Gulraiz Ahmed Raza’s complaint against his ... Read More »