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Customs Export issues final notices to four companies involved in tax evasion

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KARACHI: The Customs Exports has served two show cause notices and two final notice on tax defaulters and tax evaders for recovery of dues. Sources told Customs Today that Custom Exports issued notices to four companies, including M/s Aryan Wajih and sons, M/s Sehrish Garments, M/s Mubasshir Traders Company and another. M/s Aryan Wajih used the wrong Pakistan Customs Tariff ... Read More »

ICCI for establishing dates processing plants in Balochistan

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ISLAMABAD: Islamabad Chamber of Commerce and Industries (ICCI) President Sheikh Amir Waheed Friday urged to set up processing plants in Balochistan for production of dates in accordance with the international standard. Similar plants should also be set up in other high yielding areas of dates and other fruits in all major parts of the country, he said. He said this ... Read More »

Steps afoot to boost Pak-UK trade: UK PM’s trade envoy

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LAHORE: UK Prime Minister’s Trade Envoy Rehman Chishti has said that plans are afoot to boost trade between United Kingdom and Pakistan for having scope and trade potential. He was talking to the LCCI Acting President Zeshan Khalil and Executive Committee here at the Lahore Chamber of Commerce & Industry along with UK Diplomats. British Deputy High Commissioner Elin Burns, ... Read More »

FBR undertake transffers, postings of IR officers of BS 21,20

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LAHORE: Federal Board of Revenue (FBR) has undertaken large scale transfers and postings of various  officers of Inland Revenue Service (BS-20-21) with immediate effect and until further orders. According to the details, Naushad Ali Khan (Inland Revenue Service/BS-21) has been transferred as Member, Federal Board of Revenue (Headquarters), Islamabad from Large Taxpayers Unit, Islamabad as Chief Commissioner while Habibullah Khan ... Read More »

FBR terminates probation period of 55 IR officers of BS-17

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LAHORE: On qualifying Final Passing Out Examination (FPOE), the probation period of 55 officers belonged to Inland Revenue BS-17 has been terminated with immediate effect. Sources told Customs Today, that the IR officers of BS-17 whose probation was terminated included Ms Sania Makhadoom, Hayat Omer Malik, Najmul Hassan, Zenib Ahmed Cheema, Ahmed Taimor, Mehak Fatima, Javaria Hayat, Farha Khan, Mehreen ... Read More »

FBR registers more than 18.5pc revenue growth during first fours months of FY2017-18

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KARACHI: The Federal Board of Revenue (FBR) has continued to display satisfactory performance in the fourth consecutive month of the current financial year and achieved provisional gross revenue collection of over Rs 1,074 billion for the first four months of the fiscal year by recording an increase of around 20.4% over the revenue collected during the corresponding period of last ... Read More »

‘Exports & remittances improve, imports slow down’

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ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar, chaired a meeting at the Ministry of Finance on Sunday to review matters related to the Federal Board of Revenue (FBR) and the Finance Division. The Chairman FBR and senior officials of the Ministry of Finance and FBR participated in the meeting. Acting Finance Secretary briefed the Finance Minister on the progress of ... Read More »

FBR Member Taxpayers Audit Rehmatullah Wazir moves to BS-22

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ISLAMABAD: The Federal government has promoted grade 21 officer of Inland Revenue Service Rehamt Ullah Khan Wazir in Grade 22 with the approval of Prime Minister Shahid Khaqan Abbasi. Rehmat Ullah Khan Wazir presently serving as Member Tax Payers Audit in Federal Board of Revenue and belong to 10th Common Training Program. Chairman Federal Board of Revenue has upgraded the ... Read More »

Complete shutdown at QICT, KICT, PICT due to strike of customs officers

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KARACHI: Customs staff deputed at all three ports of Karachi including Port Qasim, KICT and PICT lodged protest and stopped working on Friday evening due to harassment of customs high-ups at Appraisement South. Few principal appraisers and other staff members alleged that Appraisement South high-ups including Additional Collector Yasin Murtaza started harassing them from last few days to fulfill their ... Read More »

FBR directed to ensure achieving tax collection target

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ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has appreciated officials of Federal Board of Revenue (FBR) for robust tax growth in tax collection in first quarter and directed to ensure achievement of fiscal targets in the remaining three quarters of fiscal year 2017/2018. He chaired a meeting at the Ministry of Finance on Monday to review fiscal out turns of ... Read More »

Period of reduced withholding tax on bank transactions extended till Dec 31

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ISLAMABAD: Period of applicability of reduced rate of 0.4 percent withholding tax under section 236-P of the Income Tax Ordinance, 2001 on bank transactions for non-filers has been further extended till December 31, 2017. The Federal Board of Revenue has issued an amended SRO 983 (1) 2017 in this regard on September 29. According to a notification issued by the ... Read More »

Govt alive to alarming problems confronted by business community: Asif

SIALKOT: Federal Minister for Foreign Affairs Kh. Muhammad Asif said the government is fully aware of the perturbing problems being confronted by the business community for which all-out efforts are being made for their amicable solution. He stated this while talking to Sialkot based leading exporters during his visit to Sialkot Chamber of Commerce and Industry (SCCI) on saturday. He ... Read More »

FPCCI to approach president against levy of Regulatory Duty by FBR

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KARACHI: Federation of Pakistan Chamber of Commerce and Industry show serious concern over the Regularity Duty imposed by the Federal Board of Revenue (FBR) vide S.R.O. 1035/17. According to the details, a meeting at Federation of Pakistan Chamber of Commerce and Industry FPCCI SC on “Custom” chaired by Mr. Muhammad Arshad Jamal held at Federation House. S.M. Muneer was the ... Read More »

FBR’s taxpayer outreach program to create awareness : Member FATE Nausheen Javaid

Member FATE FBR Ms. Nausheen Javaid Amjad (middle) holding a meeting with Mrs Carol Ariano (far left) vicepresident HR Agha Khan Medical College in Karachi today.

KARACHI: A FBR team led by Member Facilitation and Taxpayer Education (FATE) Wing continued their meetings with different heads of leadings banks and organizations on the second consecutive day in Karachi as part of the taxpayer outreach & awareness program started by FBR to create understanding and awareness about tax obligations and offer facilitation to the taxpayers to boost filing ... Read More »

All Inland Revenue offices to remain open on Dec 28, 29 to collect duties & taxes

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FAISALABAD: All the Inland Revenue offices will remain open on December 28th-Friday and December 29-Saturday for collection of duties and taxes. Sources told Customs Today that Secretary Muhammad Mutiur Rehman Mumtaz has issued a special Notification No: 1(8)Rev-Bud/2014 which describes that the offices will also observe extended working hours till 10: 00 pm on Friday and 12 midnight on Saturday. ... Read More »

LCCI office bearers awarded with Business Excellence Award

LAHORE: The office bearers of the Lahore Chamber of Commerce and Industry (LCCI) have been awarded with Business Excellence Award.  A large number of businessmen, traders and people of social background were also present on the occasion. LCCI President Abdul Basit, senior vice president Amjad Ali Jawa and vice president Nasir Hameed were awarded for their outstanding service for the ... Read More »

Indian smuggling red chillies along with two loaders taken into possession by Islamabad ASO

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ISLAMABAD: The Anti-Smuggling Organization (ASO) Islamabad impounded Indian smuggling red chillies along with two offending vehicles (Vehicle used for carrying smuggling goods) worth Rs3.89million. According to details given by Assistant Collector ASO Islamabad Majid Hussain Gadd while talking with Customs Today that, on a tip-off shared by Dr. Saeed Khan Jadoon, Collector Model Customs Collectorate Islamabad, two trucks loaded with ... Read More »

Sino-Pak relations flourish to new highs as CPEC picks up steam

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BEIJING: China-Pakistan Economic Corridor (CPEC) is the buzz word in Pakistan ever since Chinese President Xi Jinping visited Pakistan and formally announced the $ 56 Billion plus deal in April 2015. The CPEC is an integral part of the Belt and Road initiative, which aims at connecting the natural deep seawater Gawadar port in the south of Pakistan with the ... Read More »

Govt seeks details from customs dept of officials having foreigner wives

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LAHORE: Government sought complete details of all those officials who are performing their duties in BS-19 to BS-22 grade and having foreigner wives. Sources told Customs Today, the government also asked about the complete details of those female employees who are working in custom department and their husbands are already have dual nationality. Sources told that these officials are requested ... Read More »

Torkham ASO seizes nine kilogram hashish valued at Rs0.65m from Afghan national

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TORKHAM: The Anti-Smuggling Organization Torkham on Wednesday confiscated nine kilogram of hashish from the possession of an afghan national coming from Afghanistan to Pakistan. According to details given by sources of Torkham Customs station that the customs staff was on its routine checking when they found a drug paddler coming from Afghanistan carrying luggage in his hands. The customs staff ... Read More »