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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

FBR asks retailers to connect with invoicing system till Dec 1

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ISLAMABAD: The Federal Board of Revenue (FBR) asked the big retailers to ensure installation of its point-of-sale invoicing app into their systems by December 1 to report turnover with the tax authority on real-time basis. The FBR, in a statutory regulatory order (SRO), made it mandatory for tier-1 retailers to provide real-time reporting of their sales to the tax authority ... Read More »

Faisalabad Customs ASO seizes huge quantity of smuggled goods worth Rs 120 million

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FAISALABAD: Faisalabad Customs ASO seized huge quantity of smuggled goods worth Rs 120 million. The Model Customs Collectorate (MCC) Multan Preventive field unit of Customs Anti Smuggling Organization (ASO) Faisalabad has seized huge quantity of miscellaneous goods and two carrier vehicles worth Rs 120 million during a successful crackdown against non duty paid items and registered a case against smuggler. Sources told ... Read More »

FBR sets Rs1.29tr revenue collection target for 3Q of FY2019-20

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ISLAMABAD: The Federal Board of Revenue (FBR) has set the revenue collection target for the second quarter (October to December) of the current fiscal year 2019-20 at Rs1,295.99 billion while the target for the current month of October has been set at Rs376.126 billion. According to media, the FBR in a bid to achieve the tax collection target for the ... Read More »

FBR collects Rs7b customs duty on mobile phones in six months

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ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Economic Affairs observed on Friday that the government has collected Rs7 billion additional taxes imposed as customs duty on mobile phones for overseas Pakistanis in the period of six months. The Federal Board of Revenue (FBR) Member Customs Policy while briefing the Senate committee said that other relevant government institutions noted ... Read More »

Digitlisation will allow consumers to make payments through mobile phones: Reza Baqir

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KARACHI: The State Bank of Pakistan (SBP) Governor Dr Reza Baqir on Thursday said that the administration is making efforts to promote bank sectors. Dr Reza Baqir, while addressing a seminar regarding economic challenges, announced that the system is being converted to digitisation which is an easy and documented solution. “The digitisation will allow consumers to make payments through their ... Read More »

Faisalabad I&I foils bids to smuggle goods worth Rs142.202m

Adnan Akram

FAISALABAD: The Directorate of Customs Intelligence and Investigation Faisalabad foiled miscellaneous smuggling attempts in region worth Rs 142.202 million, involving duty and taxes of Rs 71.77 millions during month of September. During initial days of September, Director Customs Intelligence and Investigation Muhammad Adnan Akram received credible information that some smugglers are trying to smuggle miscellaneous goods into different cities of ... Read More »

FBR chairman, Japanese envoy inaugurate 3 NII container scanning terminals

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KARACHI: The Government of Japan has extended assistance to Pakistan Customs and Federal Board of Revenue (FBR) for the establishment of three Non-Intrusive Inspection (NII) Containers Scanning Terminals at East and West Warf in Karachi Port and Port Bin Qasim. Under the Japanese grant assistance, Japan International Cooperation Agency (JICA) implemented “The Project for Security Improvement in Port Karachi and ... Read More »

Police arrest Haji Bashir, Waris Khan for involvement in murder of DC Qudoos Shaikh

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QUETTA: Baluchistan Police arrested suspects Haji Bashir and Waris Khan due to their involvement in murder of Deputy Collector Abdul Qudoos Shaikh. Sources told that Haji Bashir is the younger brother of notorious smuggler Haji Sadiq, while Waris Khan is the son-in-law of Haji Sadiq. Haji Sadiq is already on bail in the murder case of Deputy Collector Dr. Abdul ... Read More »

Work on Rashkai Economic Zone to commence next month: CM Mahmood Khan

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PESHAWAR: Chief Minister Khyber Pakhtunkhwa (KP) Mahmood Khan says work on Rashkai Economic Zone to start from November, this year. He was speaking in a ceremony, after signing an agreement with a private group of industries for the provision of electricity at cheaper rates, reported Radio Pakistan. Under the agreement, the provincial government will provide 18MW electricity from Pehur Hydro ... Read More »

Pakistan to become hub of regional economic activity: Nafees Zakaria

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LONDON: Pakistan’s High Commissioner to the United Kingdom, Nafees Zakaria says Pakistan is rich in natural and human resources with a great scope for foreign investment. He made these remarks at a dinner reception at the High Commission in London to celebrate the appointment of Zameer Choudrey, Commander of the Order of the British Empire (CBE) to the House of ... Read More »

Owners of Benami accounts have to face dire consequences: FBR

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ISLAMABAD: The FBR has warned of having dire consequence for the beneficial owners of accounts and also for those maintaining such accounts under the Benami law. After refusal of Pakistan Banking Association (PBA) for updating Know Your Customer (KYC) requirements on account of beneficial owner in the light of Benami law, According to a letter written to the secretary PBA, ... Read More »

APM Hafeez Shaikh lauds WB assistance for socio-economic development

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ISLAMABAD: Adviser to the Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh has underscored the importance of technical and financial assistance from the World Bank to further strengthen its growth-oriented objective and developmental goals in different sectors of the Pakistan economy. He said this while talking to Patchamuthu Illangovan, Country Director for the World Bank in Pakistan, who ... Read More »

Multan Appraisement foils bid to smuggle mobiles & laptop from airport

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MULTAN: The Customs Collectorate of Appraisement has failed an attempt to smuggle imported branded cell phones and laptops of worth millions from Multan International Airport. According to details, Customs authorities received information that smuggling attempt can be made through Multan International Airport and in pursuance of information and directions conveyed by the Appraisement Collector Saima Shehzad. Assistant Collector Ahmad Zaheer ... Read More »

2nd phase of FTA with China to bring more trade, investment opportunities

Chinese Premier Li Keqiang receives Prime Minister Imran Khan at Great Hall of the people in Beijing on 8th October, 2019

ISLAMABAD: The leaders of Pakistan and China on Tuesday agreed that the implementation of the 2nd phase of China-Pakistan Free Trade Agreement (FTA) would lead to more trade, economic and investment opportunities between the two countries. Other areas of potential collaboration discussed between the two sides included railways, steel, oil and gas, industry and science & technology. Prime Minister Imran ... Read More »

Gwadar is developing rapidly: Ali Zaidi

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ISLAMABAD: Minister for Maritime Affairs Ali Zaidi on Tuesday said work at various projects in Gwadar is underway at a fast pace to develop the port city to an international standard. Addressing a news conference in Islamabad, here today, he said now the Chinese companies will set up industries in Gwadar, as an airport is also being constructed in the ... Read More »

FBR chairman appreciates services of Member Admin Shad Muhammad

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ISLAMABAD: Federal Board of Revenue appreciated the services of Member Administration Shad Muhammad. Sources told Customs Today that during the Board-in-Council meeting Federal Board of Revenue (FBR) has acknowledged and appreciated the services of retiring Member Administration Shad Muhammad . All the members of FBR attended the meeting and paid tributes to the services of retiring officer. Chairman FBR Syed Muhammad ... Read More »

Quetta Appraisement surpasses revenue collection target of 1Q

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QUETTA: Collectorate of Customs Appraisement collected Rs6716 million under the head of different duties and taxes during first quarter of current fiscal year. Sources told Customs Today that the Collectorate collected 3 percent more revenue than the assigned target for first quarter. It is necessary to mention here that the Collectorate of Appraisement collected Rs2431 million under the head of ... Read More »

Potential investors of China show keen interest to invest in Pakistan

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BEIJING: China Gezhouba Group Corporation Chairman Lyu Zexiang on Tuesday called on Prime Minister Imran Khan in Beijing and expressed keen interest for investment in the energy sector of Pakistan. Mr Zexiang also expressed interest in exploring new business avenues in Pakistan. China Gezhouba Group Corporation (CGGC) is one of the most competitive listed companies with very strong financing capabilities. ... Read More »

President Alvi establishes CPEC Authority through presidential ordinance

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ISLAMABAD: President Arif Alvi promulgated an ordinance to provide for the establishment of the China Pakistan Economic Corridor (CPEC) Authority. The ordinance was promulgated by the president on October 5 in exercise of his powers under clause (1) of Article 89 of the Constitution, and issued here on Monday. The Ordinance extends to the whole of Pakistan. Section 1 of ... Read More »

Multan I&I Director Dr. Adnan Akram visits Sadiqabad region to check anti-smuggling measures

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MULTAN: Directorate of Customs Intelligence and Investigation Director Dr. Muhammad Adnan Akram visited Sadiqabad region to check anti-smuggling measures adopted by field intelligence staff. Sources told Customs Today that Director Adnan Akram has paid first visit to Sadiqabad region after assuming look-after charge of Directorate of Customs Intelligence and Investigation Multan. The main purpose of surprise visit was to check ... Read More »