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Textile sector woes


Pakistan’s textile sector has been facing multiple issues for the last many years and it has adversely affected the export volume of the country to the unreasonable level. The prime minister has recently announced a textile package for this sector, considering it as the backbone of the economy, but no visible change has so far been marked. The textile industry ... Read More »

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 »

Hascol Petroleum to start clearance of their imported petroleum products from Multan Dry Port soon

Lahore Intelligence Director Saud Imran

MULTAN: Hascol Petroleum Limited will start clearance of their imported petroleum products from Multan Dry Port very soon. According to details, a private petroleum company M/s Hascol has approached Multan Customs for the clearance of their import petroleum products from Multan Dry Port. It is important to mention here that Multan Dry Port is already handling import consignments of the ... Read More »

Collection of taxes in undocumented economy not easy job, says Deputy Commissioner Hassan Mabroor


LAHORE: Deputy Commissioner Inland Revenue (DCIR) Zone-III, Corporate Regional Tax Office (CRTO) Lahore, Hassan Mabroor, has said that writ of any government is directly proportional with its ability to levy and collect taxes from its citizens. Keeping in view this aspect, the importance of taxation cannot be undermined. During an exclusive interview with Customs Today, Hassan Mabroor said that currently, ... Read More »

FBR releases Rs 120m to upgrade Integrated Transit Trade Management at Torkham

Torkham Border Trade

PESHAWAR: The Federal Bureau of Revenue (FBR) has released Rs 120 million for Integrated Transit Trade Management System which aimed to up-grade Torkham border terminal with latest facilities and for better service delivery. Sources said that work on the terminal would start within 45 days and will complete in three years. The project has been named Integrated Transit Trade Management ... Read More »

Customs Court awards imprisonment to suspect booked in smuggled mobile phones case


KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has awarded 14 days imprisonment and Rs 200,000 fine to a suspect, Muhammad Kashif, on pleading guilty. The suspect was booked while he was attempting to non-duty paid contraband mobile phones, smart watches etc from Dubai by Flydubai Airlines flight no FZ-331. During the hearing, counsel for the accused filed an application ... Read More »

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

RSH_4960 (1)

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 »

SHC issued notices to tax authorities over charging of sales tax on services


KARACHI: The Sindh High Court (SHC) has issued notices to the attorney general and the advocate generals of all provinces, including Islamabad, high officials of the Federal Board of Revenue, Sindh Revenue Board and others, directing them to assist the court in respect of a controversy relating to charging of sales tax on services in more than one provinces, particularly ... 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 »

Faisalabad Customs Intelligence seizes smuggled items worth Rs1m


FAISALABAD: The Customs Intelligence and Investigation has confiscated air conditioned compressor for LTV worth Rs1 million involving duty and taxes amounting to Rs7,65,800. Sources told Customs Today that following information received through Director Rabab Sikander, the intelligence team comprising Deputy Director Riaz Hussain, Superintendent Zahid Raza Bukhari, Senior Intelligence Officer, Muhammad Tahir and Muhammad Ramzan, Intelligence Officer Muhammad Saleem and ... Read More »

ASO seizes used electric Hoist worth Rs3,00,000


FAISALABAD: The Customs Anti Smuggling Organization (ASO) has seized non duty paid electric Hoist worth Rs3,00,000 involving duty and taxes amounting to Rs54,592 besides impounded Shahzore Hyundai worth Rs 7,00,000 under section which was being used for smuggling transportation. As per details, Customs ASO acting upon information received through Deputy Collector Muhammad Rizwan, the team intercepted a Hyundai Shahzore of ... Read More »

Faisalabad ASO impounds non duty paid Yamaha bike


FAISALABAD: The Customs Anti Smuggling Organisation (ASO) has seized used Yamaha bike worth Rs3,00,000 involving customs duty and taxes to the tune of Rs1,44,300. Sources told Customs Today that an ASO team impounded a used Yamaha bike bearing registration no: FZR-250 near Kamalpur. The officials asked the accused named Shah Jahan son of Muhammad Malik to show documents regarding its ... Read More »

Pakistan & China inked 46 MOUs in different segments of economy


FAISALABAD. In new emerging economic scenario “One Belt-One Road” is a gigantic infrastructure of China to link up Asia with Europe and Africa and this project has already been successfully initiated from Pakistan, said  Wang Zihai President Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) Lahore. He was addressing a meeting in Faisalabad Chamber of Commerce and Industry (FCCI) ... Read More »

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


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 »

FTO hears case filed by M/s Qureshi Packages against Corporate Regional Tax Office


LAHORE: The Federal Tax Ombudsman (FTO) has heard an appeal filed by M/s Qureshi Packages (Private) Limited against Corporate Regional Tax Office (CRTO), Zone-IV Lahore until the next date. According to the details, FTO Mian Munawar Ghafoor heard the case in which the counsel for the appellant argued that the Corporate Regional Tax Office (CRTO) had failed to release the ... Read More »

About 70% Afghan food imports predict its economic bow to Pakistan


PESHAWAR: The Government of Afghanistan imports 70% of its food through Pakistan which predicts the economic bow of Afghanistan towards Pakistan. Zia-ul-Haq Sarhadi, Senior Vice-President of the Pakistan-Afghanistan Joint Chamber of Commerce and Industry, said while talking to Customs Today on Saturday about the losses to the economics of both countries from the closure of Torkham border. The Government of ... 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


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 reshuffles eight officers appointed at Land Freight Unit Wagha


LAHORE: The Federal Board of Revenue, Custom Collectorate Preventive Lahore, has reshuffled eight officers appointed on the Wagha border. According to a notification issued by Assistant Collector Headquarters, Custom House Lahore, eight officers of inspector rank have been reshuffled. Seven inspectors, serving on different posts at the Land Freight Unit Wagha, have been transferred to airport traffic with immediate effect. ... Read More »

Customs appellate tribunal remits penalty on clearing agent


LAHORE: The Customs Appellate Tribunal has accepted the appeal of M/s Pak Port International Customs Clearing Agent against the Collector Customs MCC Lahore, Collector Customs (Appeals) and Deputy Collector Customs (Adjudication), AFU Lahore. Tribunal Member Judicial bench-II Omer Arshed Hakeem declares in the judgment that impugned order was not sustained on the touchstone of Section 32 of Customs Act-1969 therefore ... Read More »