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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

Stocks start last trading day of week on bullish note

KSE stocks

KARACHI: The Pakistan Stock Exchange (PSX) Friday opened keeping previous day’s bullish note and added 106 points to reach 43635 level in early trading. On Thursday the stocks turned bullish again, with the benchmark KSE 100-index gaining 609 points to close at 43,528 points. The benchmark index opened on negative activity before adopting a positive momentum for the rest of ... Read More »

Challenges to economy

economy

According to Country Director of the World Bank, Pakistan could face serious challenges to its economy in next decade due to lack of consensus on political issues. The official also praised the government for depreciation of rupee against dollar and recommended more flexibility in the exchange rate to move in the desired direction. Unfortunately, the policymakers in this country are ... Read More »

FBR should remove hurdles for smooth promotion of national exports: FTO Mushtaq Sukhera

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SIALKOT: Federal Tax Ombudsman Mushtaq Ahmed Sukhera has stressed the need of further betterment in tax payment and tax collection systems for providing maximum relief to the tax payers and the exporters. He said that the Federal Board of Revenue (FBR) should remove hurdles from the smooth way of promotion of national exports by reducing the prolonged pendency of the ... Read More »

2,000 liter Iranian origin high speed diesel seized, two suspects arrested

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KARACHI: Customs Intelligence and Investigation (I&I) Anti-Smuggling Organization (ASO) has taken into custody a huge quantity of smuggled high speed diesel worth millions of rupees. According to the details, Customs ASO has registered a case against two suspects, Mohammad Ameen and Muhammad Hussain, who are involved in smuggling. Source informed Customs Today that the Steel Town police station mobile, during ... Read More »

IHC seeks record of case filed by M/s Lakson Tobacco against FBR

IHC

ISLAMABAD: The Islamabad High Court (IHC) on Thursday directed parties to submit record in customs cases filed by M/s Lakson Tobacco Corporation Limited against office of the Federal Board of Revenue (FBR). A division bench of the IHC comprising Justice Athar Minallah and Justice Miangul Hassan Aurangzeb heard the case. During previous hearing the bench had relisted the case for ... Read More »

Customs Peshawar posts 7.69pc record increase during 22 days of February

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PESHAWAR: The Model Customs Collectorate Peshawar has generated Rs816.12million revenue in 22 days out of the whole month’s earmarked target of Rs1510.39million with a record growth of 7.69 percent. The Customs House Peshawar collected Rs269.23million of Customs Duty during 22 days against the target of Rs 581.21 million for the whole month of February allocated by Federal Board of Revenue. ... Read More »

Faisalabad Customs holds training session on Goal Setting of Planning Process

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FAISALABAD: The Model Customs Collectorate (MCC) Faisalabad Collector Doctor Asif Mehmood Jah has organized a one-day training program for the newly appointed Customs Inspectors titled “Goal Setting of Planning Process” in the conference room of the Faisalabad Dry Port Trust (FDPT). The main objective of the training session was to give an awareness of the behaviour for increasing literacy ability ... Read More »

SHC seeks comments on petition filed by M/s Goldway Hygiene challenging enhancement in valuation

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KARACHI: The Sindh High Court (SHC) has directed customs officials to file their comments on a constitutional petition filed by M/s Goldway Hygiene Products, challenging enhancement of valuation of a consignment of non-woven raw material for diaper imported from China. A two-member bench, comprising Justice Munib Akhtar and Justice Omer Sial, heard the petition. Earlier, counsel for the petitioner stated ... Read More »

FTO remands back tax refund appeal

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LAHORE: The Federal Tax Ombudsman (FTO) remanded back a tax refund appeal in a case filed by Proprietor Tauseef Brothers against the Regional Tax Office (RTO-II) Lahore and adjourned it until the next date of hearing. FTO Advisor Mian Munawar Ghafoor heard the case. The counsel for the appellant argued that the RTO had failed to release the sales tax ... Read More »

Customs Tribunal accepts appeal in imported UPS, mobile charger case

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LAHOER: The Customs Appellate Tribunal has accepted an appeal filed by the Deputy Collector Customs Dry Port MCC Multan against M/s H & D Enterprises and Collector of Customs (Appeals) Lahore. Omer Arshed Hakeem, Member Judicial Bench-II, heard the appeal in details and passed the judgement with remarks that respondent availed illegal benefit of the SRO 549(I) 2008 through misclassification ... Read More »

PHC bars FBR from sales tax collection in PATA

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PESHAWAR: The Peshawar High Court bench has barred Federal Bureau of Revenue (FBR) from collecting sales tax from Provincially Administered Tribal Areas (Pata), namely Malakand, Dir, Shangla, Kohistan, Buner, Batagram and Dara Adam Khel. A two-member bench comprising Peshawar High Court Chief Justice Yahya Afridi and Justice Ayub Khan passed the order while hearing a case filed by a resident ... Read More »

FIU Sara-e-Muhajir takes into possession Hino truck valued at Rs5m

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FAISALABAD: The Field Investigation Unit (FIU), Sara-e-Muhajir, Customs Intelligence and Investigation has impounded a Hino truck worth Rs5million involving duty and taxes amounting to Rs3million during an action. Deputy Director Rana Irfan Shouqat received a tip-off regarding the Non-Duty-Paid vehicle. He constituted a raiding team under the supervision Superintendent Muhammad Tahir Intelligence Officers Adnan Ahmed Chandia, Anser Saleemi and Sepoys ... Read More »

Customs Islamabad surpasses collection target by earning Rs5509m under all heads

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ISLAMABAD: The Model Customs Collectorate Islamabad received Rs5509million of extra revenue against an earmarked proportional period of seven and a half months (1st July to 15th of February) revenue collection target under all the heads for Fiscal Year 2017-18. According to details explained by Zulfiqar Ali Chaudhry, Collector, Model Customs Collectorate Islamabad, that, during first seven and a half months ... Read More »

8 Customs officers promoted to BS-21 and 14 officers to BS-20

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ISLAMABAD: Federal Board of Revenue (FBR) has promoted eight Pakistan Customs Service officers of BS-20 into BS-21 and 14 officers of BS-19 into BS-20. The promoted officers include Dr Sarafarz Ahmed Waraiach, Ziauddin Wazir, Dr. Naeem Aijaz Qureshi, Dr. Zulfiqar Ahmed Amalik, Dr. Ahmad Mujtaba Memon, Saud Imran Ahmad, Syed Mohammad Tariq huda and Dr. Wasif Ali Memon. Fourteen officers ... Read More »

BBIA confiscates 1.56kg of ice heroin hidden into handbag priced at Rs15m

All-focus

ISLAMABAD: The customs staff at the Benazir Bhutto International Airport Islamabad seized 1.56 kilogram of ice heroin concealed into a handbag of a passenger who was boarding an Abu Dhabi flight. According to details given by Zulfiqar Ali Chaudry, Collector Model Customs Collectorate (MCC) Islamabad, that the customs staff of the MCC Islamabad was on its routine duty checking when ... Read More »

Customs court awards imprisonment to suspect in diesel smuggling case

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KARACHI: Customs Court Judge Syed Faiz Rasool Rashdi has awarded 15 days imprisonment and a fine of Rs 100,000 to a suspect, Khair Alam, who was booked for attempting to smuggle non-duty paid foreign origin 17,000 liters high speed diesel. During the hearing, the suspect appeared before the court along with his counsel and moved a petition for pleading guilty. ... Read More »

Customs Appellate Tribunal adjourns hearing of case filed by M/s Kohinoor Traders against DG I&I

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ISLAMABAD: A division bench of the Customs Appellate Tribunal dated in office the hearing of a customs case filed by M/s Kohinoor Traders, challenging an announcement of the tribunal dismissing its case against Directorate General of Intelligence and Investigation, Islamabad. Customs Appellate Tribunal’s bench comprising Members Tribunal, Syed Muhammad Anwar heard the case. M/s Kohinoor Traders had filed cases against ... Read More »

Customs PCA detects tax evasion of Rs 11m by M/s Usman Garments & Exports Karachi

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KARACHI: The Directorate of Customs Post Clearance Audit has detected duties and tax evasion of Rs 11 million by M/s Usman Garments and Export Karachi, it is learnt here. Sources told Customs Today that M/s Usman Garments and Exports imported a consignment of fabric roller machine, printing machine and different kinds of hard printing chemicals, and got it cleared from the PICT ... Read More »

Sialkot Customs officers granted 100pc basic pay allowances

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SIALKOT: The inspectors of (BS-16) of Customs Collectorate, Sialkot, who have been selected through the process of internal job posting (IJP), are granted performance allowance equal to 100% of minimum of their basic pay (in pay scale-2011) with effect from 12.02.2018. Faisal Liaquat, Rana Majid Ali Khan, Zohair Ali Sulhari is granted performance allowance will be governed through the terms ... Read More »

Quetta Customs foils bid to smuggle plastic dana worth Rs6.58m on Thursday

Quetta Customs confiscates NDP mobile phones & vehicles worth Rs6m copy

QUETTA: The Directorate of Customs Intelligence and Investigation foiled a bid to smuggle plastic dana worth Rs 6.58 million during special checking on Thursday morning. Sources told Customs Today that Director Customs Intelligence and Investigation Muhammad Akram Chaudhary received a tip-off that some smugglers are trying to smuggle plastic dana from Quetta to Afghanistan. He constituted a raiding team under the supervision ... Read More »