Wednesday , October 16 2019
Breaking News
Home / Uncategorized

Uncategorized

All issues of traders will be solved 100pc: NAB chairman

????????????????????????????????????

ISLAMABAD: National Accountability Bureau (NAB) Chairman Justice (r) Javed Iqbal has said the allegations levelled by traders on the accountability watchdog were unjustified. Addressing a press conference i, Iqbal said NAB will never take unfriendly steps against businessmen. “We are struggling to provide a good environment for the businessmen in the country.” “NAB does not formulate business policies,” he said. ... Read More »

PIEDMC decides to expedite work on new business parks

Business-Opportunity

  LAHORE: The Punjab Industrial Estates Development and Management Company (PIEDMC) has decided to expedite work on new business parks across the province to ensure access of entrepreneurs to developed industrial land — the shortage of which is one of the major impediments to attracting fresh private investment and export growth. According to media, as part of its new strategy ... Read More »

Customs Court seeks charge sheet against M/s Al-Aswed and others

irelandcourt

KARACHI: The Customs Court directed investigation officer of Collectorate of Appraisement East to complete investigation and submit charge sheet against Imran Haroon son of Haroon, owner of M/s Al-Aswed Associates, Qaiser Abbas clearing agent of M/s Ali Co, Muhammad Idress clearing forwarding agent, Muhammad Ali, Muhammad Ahsan and others involved in a case of attempting to clear restricted goods through ... Read More »

Customs Court seeks charge sheet against M/s Al-Aswed and others

court1

KARACHI: The Customs Court directed investigation officer of Collectorate of Appraisement East to complete investigation and submit charge sheet against Imran Haroon son of Haroon, owner of M/s Al-Aswed Associates, Qaiser Abbas son of Muhammad Salman, clearing agent of M/s Ali Co, Muhammad Idress son of Yousaf, clearing forwarding agent, Muhammad Ali, Muhammad Ahsan and others who are involved in ... Read More »

Appraisement East registers two more FIRs against M/s Al-Aswed Associates

first-information-report

KARACHI: Collectorate of Customs Appraisement East has lodged two separate FIRs against a number of accused for attempting to clear banned and restricted goods through mis-declaring the description, PCT heading and quantity of the imported goods. According to sources, information was received that M/s Al Aswed Associates imported consignments declared to contain shippers load, count & seal used cloth manifested ... Read More »

Dollar declines against PKR, dips to Rs158.59 in interbank market

pak rupee

KARACHI: The US dollar on Tuesday depreciated by three paisa against the Pakistani rupee and hit Rs158.59 in the interbank market. On the other hand, the rupee lost its value by 10 paisa against the US dollar and hit Rs159 in the open market. Ahead of Eidul Azha, Pakistan received higher remittance inflows from overseas Pakistanis in the first month ... Read More »

Hungary PMI falls to 51.3 in July

Read More »

FBR issues notices to 30 hospitals in Karachi

ISLAMABAD: Federal Board of Revenue (FBR) has sent notices to several hospitals of Karachi, claiming that many registered doctors and physicians don’t pay tax on income. According to the notice, a large number of doctors and surgeons found involved in tax evasion despite having registered with Pakistan Medical and Dental Council (PMDC). The revenue authority stated that it has sent ... Read More »

FBR launches automated Sales Tax Registration system

thumbnail_IMG-20190820-WA0020

ISLAMABAD: The FBR’s Member Information Technology Aslam Mehmood Lillah launched automated simplified Sales Tax Registration System through which the taxpayer would be able to register himself/herself on mobile phone or computer but he/she would have to undertake biometric verification at NADRA’s e Saulhat Centers within 30 days of registration in order to avoid its misuse. While launching automated Sales Tax ... Read More »

Pakistan Customs currency seizure posts 208pc growth to reach Rs485m in FY2018-19

Pakistan Customs

ISLAMABAD: Pakistan Customs seizure of currency as part of compliance to Financial Action Task Force’s (FATF) recommendations posted a growth of 208 per cent in Fiscal Year 2018-19, the highest ever in the recent past, to reach Rs485 million against Rs157million in the corresponding period last year. The Pakistan Customs has already introduced a string of policy measures to counter ... Read More »

Govt has not imposed any new taxes: FBR Chairman Shabbar Zaidi

shabbar-zaidi

FAISALABAD: Federal Bureau of Revenue Chairman Shabbar Zaidi said on Monday that the government has not imposed any new taxes. The chairman FBR was addressing a ceremony in Faisalabad, where he said that there the issue of corruption in sales tax and the officials are automating it. Shabbar Zaidi said that the system will be improved in consultation with the ... Read More »

FBR to take stern action against under-invoicing & mis-declaration

SHABBAR

ISLAMABAD: Federal Board of Revenue (FBR) has decided  to take punitive action against under-invoicing or mis-declaration of imported goods. Chairman FBR Syed ShabbarZaidi has conveyed a message to the business community that besides refraining from business in smuggled goods, they should not indulge in under-invoicing or other mis-declarations when getting their imported goods cleared at the ports. Any importers, their ... Read More »

No extension in amnesty scheme: Shabbar Zaidi

shabbar-zaidi

ISLAMABAD: There would be no extension in the amnesty scheme — alternatively the Assets Declaration Scheme 2019 — as opposed to speculation rife in social and mainstream media, according to the Federal Board of Revenue (FBR) chairperson Shabbar Zaidi. “No extension is being provided in the Asset Declaration Scheme,” read a statement from the FBR. The FBR chief rubbished rumours ... Read More »

FBR decides to reduce duration, percentage of property tax

FBR-Logo

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to reduce the duration and the percentage of withholding tax on the purchase of a property. The duration and the rate of property tax will be announced by the government on Sunday. At present, there is no tax if the property is held for more than three years. However, if the ... Read More »

Customs Court seeks final challan of smuggled cigarettes & gutkha case

irelandcourt

  KARACHI: The Customs court directed investigation officer of customs preventive to complete investigation and submit charge sheet in a case of attempting to smuggling of foreign origin cigarettes, gutkha etc. On June, 2019, investigation officer of Customs Preventive appeared before the court and argued that on a credible information, a team of customs department raided near Ferozpur Wala Builing, ... Read More »

Customs Today wishing its readers a happy Eid al-Fitr

customs today logistics eid al fitr copy

Customs Today wishing its readers a happy Eid al-Fitr Read More »

Qatar to invest $9b in form of trade & direct investment in Pakistan

5d10975e733a4

DOHA: Qatar is making $3 billion dollars worth of new investments in Pakistan, in the form of deposits and direct investments, the state news agency said on Monday. Following this investment, the economic partnership between Qatar and Pakistan will reach $9 billion, Qatar News Agency reported, quoting Qatar’s foreign minister Sheikh Mohammed bin Abdulrahman Al Thani. “The Qatari-Pakistani economic partnership ... Read More »

Hike in petroleum prices challenged in LHC

lhc

LAHORE: Increase in petroleum prices is challenged in the Lahore High Court (LHC). The government has raised the price of petroleum products by Rs9.35 per liter. The petition stated that the international crude oil prices remained stagnant, but the government has increased the prices which would severely affect the masses. The petition contended that the increase in prices of petroleum ... Read More »

IDB to support Pakistan in economic growth and social uplift: Dr. Bander Hajjar

Pic-May-07,-19

ISLAMABAD: H.E. Dr. Bander M.H. Hajjar, President, Islamic Development Bank said that IDB Group’s relationship with Pakistan spanned over 40 years during which the Group has supported the sustainable and inclusive development in the country and it would continue to support Pakistan in economic growth and social uplift. He was interacting with local business community at a dinner hosted by ... Read More »

Pak-US trade relations need to be improved: RCCI

Pic-May-07,-19

RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) in collaboration with Pakistan American business Forum (PBAF organized a Pak-America Business conference in Dallas, Texas. Vice President RCCI Fayyaz Qureshi who was leading RCCI delegation in his address said that the major purpose of the conference was to provide an opportunity to exchange the views and identify the hurdles in ... Read More »