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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

Importers of South Punjab voice concern over ‘blackmailing’ by few Customs Intelligence officials

Importers approach FBR against blackmailing of PA Ibrahim Khan at R&D Port Qasim copy

MULTAN: The Federal Board of Revenue (FBR) appears to be ‘powerless’ against corrupt officials of the Directorate of Customs Intelligence and Investigation and has failed to resolve genuine concerns of importers, importers say. The importers of Southern Punjab, especially of the Multan region, allege they are being “blackmailed” by the Customs Intelligence and Investigation authorities for one reason or the ... Read More »

Pak-China business cooperation

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A Chinese government official has urged Pakistani businessmen to benefit from the Shanghai Pilot Free Trade Zone which, according to him, will usher in a new era of business growth and development in the country. China has already opened its industry to the US and European entrepreneurs who have invested billions of dollars in that country. Pakistanis are one of ... Read More »

Customs JIT finalises report of mega scam of kerosene oil smuggling

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KARACHI: A Joint Investigation Team (JIT) has finalized its report with regard to the smuggling of kerosene oil (HS code 2710.1911) in garb of white spirit (HS code 2710.1240). Sources informed Customs Today that the report will be submitted to the Ministry of Commerce and the FBR chairman since the Directorate of Intelligence and Investigation -FBR (Customs Enforcement), Karachi had ... Read More »

Importers concerned over devaluation of rupee

IMPORT

LAHORE: Pakistan FMCG Importers Association (PFIA) has expressed its concern over the declining value of the Pakistani rupee against dollar has urged the government and the State Bank of Pakistan to stop this trend as it may trigger a new wave of inflation as well as import bill in the country. Pakistan FMCG Importers Association President Anjum Nisar, and other ... Read More »

SHC adjourns hearing of plea filed by M/S Anwar Associates seeking restoration of ID

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KARACHI: The Sindh High Court (SHC) has adjourned the hearing of a petition filed by M/s Anwar Associates, seeking restoration of its ID blocked by the customs authorities due its the alleged involvement in Afghan Transit scam. A two-member bench, comprising Justice Munib Akhtar and Justice Omer Sial was hearing the application. Earlier, counsel for the petitioner stated that it ... Read More »

Haroon appreciates FBR deterrence against tax evasion

Photo of Haroon Akhtar world Bank

ISLAMABAD: The International Monetary Fund (IMF) has showed satisfaction on the efforts of the Federal Board of Revenue (FBR) to collect the tax revenue as well as stressed the need for broadening the tax base. According to the details, IMF’s Post-Program Monitoring Mission met with Special Assistant to Prime Minister Haroon Akhter regarding tax policy and administrative issues while Chairman ... Read More »

Now people aspire to be called civilised citizens by paying taxes: Collector Ashraf

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ISLAMABAD: Collector of Customs Quetta Ashraf Ali said “It clearly indicates that now the masses do want to pay taxes and wish to be called the civilized citizens”. He stated this while giving an exclusive interview to Customs Today. He said that millions of rupees were collected by the customs authorities of the Quetta Collectorate during the month of November Financial ... Read More »

FTO working with mission to redress public grievances in fair, prompt & transparent manner

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MULTAN: Federal Tax Ombudsman (FTO) is protecting rights of taxpayers through their efficient cost free and hassle free services in tax matters. Refunds are one of the major issues of the business community and it affects the liquidity of their running business in cases of delay from Federal Board of Revenue. These views were expressed by Federal Tax Ombudsman Mushtaq ... Read More »

Torkham Customs Station seizes 30,000 Euros from Afghan national

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PESHAWAR: The customs staff of the Torkham Customs Station on Sunday recovered an amount of 30,000 Euros, equal to Rs3.7million, from an Afghan national at the departure scanner/room. Investigation is underway from the accused. This was stated by Collector Customs Gul Rahman while talking with Customs Today on Monday at the Model Customs Collectorate Peshawar. Collector Customs Gul Rahman further ... Read More »

Customs North Region generates Rs360m more Sales Tax during November

PROFIT

ISLAMABAD: The Customs North Region earned over Rs360million of extra Sales Tax against an assigned revenue target for the month of November Fiscal Year 2017-18. The sources notified that, during the month of November Financial Year (FY) 17-18, the North Region, comprising collectorates of Islamabad, Peshawar, Samberial and Gilgit-Baltistan), generated Rs1645.90million as Sales Tax (ST) whereas it was assigned a ... Read More »

About 200,000 Saudi Riyals recovered from Pak national at Torkham Gate

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PESHAWAR: The customs staff of the Torkham Customs Station recovered an amount of 200,000 Saudi Riyals, equal to Rs5.5million, at Torkham Gate on Monday. The amount was recovered from a Pakistani national namely Kaleem Ullah s/o Ishaq Khan r/o Landi Kotal, Khyber Agency. The amount was recovered from the accused smuggler at the time of departure by making a body ... Read More »

KP NAB starts inquiry into mega scam of overbilling of 40m extra units

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PESHAWAR: To Promote the vision of honorable Chairman NAB Justice Javed Iqbal to provide relief and facilitation to the general public through accountability regime, the National Accountability Bureau (NAB) Khyber Pakhtunkhwa has initiated an inquiry into a mega scam of overbilling of 40 million extra units against 25,000 consumers which amounts to Rs240million thereby illegally overburdened the downtrodden strata of ... Read More »

MCC Islamabad’s Customs Stations earn Rs20m additional CD during November

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ISLAMABAD: All the Customs Stations, working under the command of the Model Customs Collectorate of Islamabad, collected Rs20million extra Customs Duty during the month of November Fiscal Year (FY) 2017-18. According to details given by sources of the Model Customs Collectorate (MCC) Islamabad that all the customs stations, comprising Islamabad Dry Port (IDP), Air Freight Unit (AFU), Car Section, Customs ... Read More »

SC calls record from NAB on petition filed by suspects in tax fraud case

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KARACHI: The Supreme Court has directed the investigation officer of the Federal Investigation Agency (FIA) to produce copies of the cheques and other documents on an appeal filed by suspects namely Nazeer Ahmed Channa, Tila Muhammad, Mureed Abbas and others, seeking bail before the arrest in a tax refund fraud case. A two-member bench, comprising Justice Faisal Arab and Justice ... Read More »

Customs Court remands smuggling accused to prison for 14 days

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LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has sent a smuggling accused to jail for judicial remand of 14 days. Earlier, the accused was on a physical remand for three days and was in the custody of customs for investigation. Accused Khursheed Ahmad was held by the customs intelligence. After apprehending the accused, the Pakistan customs intelligence ... Read More »

Quetta Customs recovers prohibited medicines from five passenger buses on Monday

Quetta Customs impounds Iranian diesel valued at Rs24 869m during four months

QUETTA: The Directorate of Customs Intelligence and Investigation confiscated international smuggled medicine from five passenger buses worth Rs 1.72 million on Monday. Sources told Customs Today that Director Customs Intelligence and Investigation Irfan Javed received a tip-off that some smugglers are trying to smuggle confiscated international smuggled medicine from Quetta to different cities. He immediately constituted a raiding team. The ... Read More »

Customs court seeks investigation challan of smuggling accused

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LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has asked the investigation team of customs investigation and prosecution to complete an investigation challan of the accused in the next hearing of the case of money laundering. The court has approved a 14-day judicial remand of the accused arrested in the currency smuggling case. An accused Faisal Hussain was held ... Read More »

Customs Court sends suspects on physical remand booked in gold smuggling case

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KARACHI: The Customs Court Judge Syed Faiz Rasool Rashdi sent suspects namely named Jameel Akhtar and Jameel Qureshi to customs department on physical remand, who were booked in case of attempting to smuggle huge quantity of gold worth millions of rupees. During the hearing, investigation officer produced the above mentioned suspects before the court and submitted that the higher authority ... Read More »

Customs Appellate Tribunal reserve verdict on plea filed by M/s Indus Laboratory

customs court adjournes case

ISLAMABAD: A single bench of Customs Appellate Tribunal reserved verdict on a customs matter filed by M/S Indus Laboratory on Monday. The customs matter was filed against FBR field office. Muhammad Nasir Khan, Member Technical of Customs Appellate Tribunal earlier had heard references challenging announcements made by field offices of Federal Board of Revenue. The bench was hearing M/s Indus ... Read More »

Customs Exports recovers Rs 6.13m from M/s Rozeena Traders

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KARACHI: The Customs Exports has recovered evaded taxes and duties amounting to Rs 6.13 million from defaulter companies which were issued with notices to pay the outstanding dues. Sources told Customs Today that during scrutiny of the import data, it was revealed that M/s Rozeena Traders Hyderabad availed undue benefits and concessions by importing different consignments and misusing the SRO ... Read More »