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Privatisation of national assets

privatisation

The era of the government as the biggest employer has been over in other countries since long, but it still prevails in Pakistan, thanks to the inability of the political leadership who matters in this country. All the business concerns, including power suppliers, airlines and big organizations work as independent entities and are responsible for their profit and loss accounts ... Read More »

FBR pays rich tributes to Ex-chairman Nasir Muhammad at farewell

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ISLAMABAD: Glowing tributes were paid to retired FBR Chairman Nisar Muhammad at a farewell bidden by the members and officers of the FBR in the capital. Special Assistant to Prime Minister on Revenue Senator Haroon Akhtar Khan also joined the entire senior FBR management in giving a befitting send-off to Nisar Muhammad who joined FBR in 1982 as a young ... Read More »

Collector Sarfraz Warraich to translate Customs Act into Urdu

Collector Sarfraz

MULTAN: Chief Collector Customs, Central Region, Samaira Nazir has chosen Collector Sarfraz Ahmad Warraich, Chairman of the Committee, for translating the Customs Act into Urdu. The Federal Board of Revenue (FBR) has given special task to the Customs Central Region for the translation of Customs Act. Chief Collector Samaira Nazir has formed a special committee in the light of Federal ... Read More »

ANF awards Customs Superintendent Zargham Dil for outstanding performance

Zargham Dil receiving award from ANF Commander

ISLAMABAD: The Force Commander of the Anti-Narcotics Force (ANF) presented an award to Customs Anti-Smuggling Organization Superintendent Zargham Dil for his outstanding performance during the year 2016. Zargham Dil led the ASO operations vigorously. A ceremony was held at the Islamabad Chamber of Commerce and Industries to present the award to Zargham Dil. While addressing to the occasion, Force Commander ... Read More »

Sialkot Customs disposes of worth Rs77.900m duty drawback claims

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SIALKOT: The Model Customs Collectorate (MCC), Sialkot, disposed of about 955 duty drawback claims of Rs77.900 million during December 2016 to January 18, 2017 whereas 66,088 duty drawback claims of Rs5444.533 million were pending on January 18, 2017. According to details, the Model Customs Collectorate ( MCC), Sialkot, disposed of duty drawback claims during the month of December 2016 to ... Read More »

NAB is committed to eradicating corruption, says Chairman Qamar Zaman

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LAHORE: Qamar Zaman Chaudhry, Chairman NAB, chaired a meeting to review the latest progress on NAB Monitoring and Evaluation System (MES) at the NAB Headquarters. In line with the initiatives of the chairman NAB, Monitoring and Evaluation System (MES) was introduced in the NAB headquarters and NAB regional bureaus to evaluate the performance of the NAB in quantitative and qualitative ... Read More »

FST benches hear several service matters filed by FBR employees

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ISLAMABAD: Two division benches of the Federal Service Tribunal heard a plenty of service matters on Thursday and adjourned the cases for further arguments. The benches heard the complaints filed by employees of the Federal Board of Revenue (FBR) challenging various administrative measures taken by the board. A division bench comprising Syed Rafique Hussain Shah and Dr Nazir Saeed heard ... Read More »

IHC adjourns hearing of tax matter filed by M/s Pakistan Tobacco Company Limited

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ISLAMABAD: A division bench of the Islamabad High Court (IHC) on Thursday adjourned the hearing of a tax matter, challenging a recovery notice issued under ‘Super Tax Regime 2015’. M/s Pakistan Tobacco Company Limited had filed the case which was heard by IHC division bench comprising Justice Athar Minallah and Justice Miangul Hassan Aurengzeb for the second time. The bench ... Read More »

Supreme Court to hear income tax, customs duty related cases today

supreme court

ISLAMABAD: A three-member bench of Supreme Court will hear a plenty of cases carrying petitions about income tax and customs duty on Friday. A Supreme Court bench comprising of Chief Justice Mian Saqib Nisar, Justice Umar Ata Bandial and Justice Maqbool Baqar would hear the tax references involving field offices of the Federal Board of Revenue (FBR) and others. The ... Read More »

Peshawar Customs earns Rs240m from Jan 1 to 15

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ISLAMABAD: The Model Customs Dry Port Peshawar collected revenue of Rs239.63 million under the head of All Duty Taxes during the 1st to 15th of January of Financial Year (FY) 2016-17. According to details, Additional Deputy Collector Fazle Samad said the performance of the Dry Port Islamabad was appreciable during the above said period as the dry port collected revenue ... Read More »

Customs Court quits six in mobile phones smuggling case

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KARACHI: Customs Taxation and Anti-Smuggling Court Judge Syed Faiz Rasool Rashdi has acquitted six suspects who were booked for attempting to smuggle cellular phones in a courier service van. Earlier the suspects, Syed Wasif Iqbal s/o Syed Muhammad Iqbal, Saleem Ahmed Baloch s/o Muhammad Siddique, Zubair Ahmed Siddiqui s/o Shabir Ahmed Siddiqui, Adnan Younas s/o Muhammad Younas, Dilawar Abbas s/o ... Read More »

SHC to hear petition against construction of Deep Water Containers Terminal

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KARACHI: The Sindh High Court (SHC) will hear a case filed against construction of Deep Water Containers Terminal at Karachi Port Trust. The petitioner requested the court for a stay on the construction of the Deep Water Containers Terminal, stating the heavy containers terminal will cause problems for the citizen and will also disturb the ecological system in the city. ... Read More »

SHC adjourns hearing of appeal filed by M/s Siemens Pakistan Engineering Limited

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KARACHI: The Sindh High Court (SHC) has directed the commissioner (legal) Inland Revenue Large Taxpayers Unit/ chief commissioner Regional Tax Office to arrange another counsel before the next date of hearing. The court issued the order on an appeal filed by commissioner (legal) Inland Revenue Large Taxpayer Unit against Appellate Tribunal Inland Revenue (ATIR) order over recovery of income tax ... Read More »

Customs Appellate Tribunal hears 46 special cases on Thursday

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LAHORE: The Customs Appellate Tribunal heard 46 important cases on Thursday. The members of all benches from Lahore, Karachi, Islamabad and Peshawar heard the cases in Lahore and adjourned all the cases until the next hearing. Chairman Customs Appellate Tribunal formed special benches to decide the cases. The Customs Appellate Tribunal special division bench comprising Member Judicial Bench-II Karachi Tahir ... Read More »

DG Valuation revises customs values of Glycerin vide VR No. 937/2016

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KARACHI: Director General Customs Valuation Syed Tanveer Ahmed has revised the customs values of glycerin at $695/MT and amended the Valuation Ruling No.937/2016. M/s Nimir Chemical Pakistan Limited and other importers had agitated against the customs values of glycerin determined vide Valuation ruling No.937/2016 for it being on the higher side. Asif Niaz Hussain, senior manager of M/s Nimir Chemicals ... Read More »

FIA arrests two notorious human traffickers

human trafficking

LAHORE: The Federal Investigation Agency (FIA) has booked two human traffickers in operations of two different areas. According to sources of Customs Today, the Anti-Human Trafficking Cell of the agency raided a locality of Lahore and arrested two accused named Mohsin Ali and Rana Irfan. Human traffickers were involved in sending many people abroad on fake documents. The Federal Investigation ... Read More »

Additional Collector Saima Aftab hears two cases

Addl Collector Saima Aftab

FAISALABAD: The Customs Adjudication Additional Collector Saima Aftab conducted the hearing of two smuggling cases worth Rs4,273,317 forwarded by Customs Intelligence and Investigation. Sources told Customs Today that additional collector heard a case against M/s Digicon Trading which is allegedly involved in smuggling of Q-Mobile phones (1530 numbers) worth Rs22,83,280. Sources said that Additional Collector Saima Aftab also heard case ... Read More »

FTO hears case filed by M/s Lavanza Furnishers against RTO Lahore

FTO

LAHORE: The Federal Tax Ombudsman (FTO) has postponed the hearing of a case filed by M/s Lavanza Furnishers against the Regional Tax Office (RTO), Lahore until the next hearing. FTO Advisor Tariq Yousaf heard the case of M/s Lavanza Furnishers in which the counsel for the appellant argued that the RTO has not released the refunds to the appellant of ... Read More »

Additional Collector Beelam-ur-Ramzan issues ONO against non-duty paid vehicle

Addl. Collector Beelam Ramazan

FAISALABAD: Additional Collector Customs Adjudication Beelam-ur-Ramzan issued Order-in-Original (ONO) against non-duty paid vehicle and directed to impound the same. According to details, the Customs Anti Smuggling Organization (ASO) team intercepted a Toyota Noah bearing registration No: LES- 12-7715. The driver who was identified as Ali Akbar Son of Muhammad Rafique a resident of Jaranwala, Faisalabad, failed to provide any legal ... Read More »

Faisalabad Customs adjourned 53 seizure cases in December 2016

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FAISALABAD: The Collectorate of Customs Adjudication adjourned hearing of 53 seizure cases worth Rs88.279 million during month of December 2016. Sources told Customs Today that Collector Customs Adjudication Raja Tahir Majeed adjourned the hearing of four cases involving amount worth Rs11.095 million regarding seized items. These items consisted of vehicles, ladies fabrics, baby shoes, televisions, mobile phones and remote controls. Sources ... Read More »