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Tag Archives: FBR Chairman

FBR directs RTOs, LTUs to collect data of potential taxpayers

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ISLAMABAD: The regional tax offices and large taxpayer units (LTU) on directions from Federal Board of Revenue (FBR) has covertly started to collect and computerize details about potential tax payers to increase the tax base. As per details, FBR has directed all regional offices to collect details about source of income, property and tax payments of residents in their jurisdiction. ... Read More »

Multan Customs registers 19 cases in July, recovers Rs13.74m

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Multan: Customs Intelligence and Investigation has registered total 19 seizure cases involving Rs 13.74 duty evasion in July 2014. As per details, Multan customs Intelligence and Investigation registered 13 cases in the range office Multan, 2 cases in Dera Ghazi Khan and one case in Sadiqabad respectively. Moreover, total duty and taxes recovered in these raids estimated at Rs13.74 million. ... Read More »

Minhajul Quran petition against FBR notices disposed of by LHC

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LAHORE: The Lahore High Court has disposed of a petition filed by Minhajul Quran challenging the audit notice by the Federal Board of Revenue (FBR). The single bench comprising Justice Abid Aziz Sheikh was hearing the matter. Earlier, the petitioner submitted to court that Minhajul Quran was a welfare organization therefore has exemption from tax. He was of the view ... Read More »

Customs officers demand FBR to organize training sessions

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KARACHI: The officers of Pakistan Customs demanded Federal Board of Revenue (FBR) to organize effective training courses, programmes and seminars for Customs officers. They were of the view that the working of Pakistan Customs has been affecting due to the absence of latest and contemporary techniques in the several departments. One of the senior officers of Pakistan Customs informed Customs ... Read More »

Karachi Customs Collectorates collect Rs 49.5 billion revenue in July

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KARACHI: The Model Customs Collectorates (MCCs) of Appraisement-East, West and Port Qasim have collected Rs 49.5 billion revenue in first month of current fiscal year. As per details, the Model Customs Collectorate (MCC) of Appraisement-East has collected total revenue of Rs 13457 million in the first month of FY2014-15 in share of customs duty, sales tax, income tax and federal ... Read More »

ICCI urges govt to improve tax structure

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ISLAMABAD: Islamabad Chamber of Commerce & Industry (ICCI) has demanded the government to improve tax structure for developing business and investment. The acting President, Islamabad Chamber of Commerce & Industry Muhammad Ali Mirza said that the existing tax structure discourages investment and encourages rent seeking. “A better tax system would help to improve economic growth of the country, but unfortunately, ... Read More »

Dastgir briefs Parliament on trade ties with India

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ISLAMABAD: Minister for Commerce Engineer Khurram Dastgir Khan told the Lower House of the Parliament that the government has been addressing the reservations and concerns of business sector regarding granting the most favorite nation (MFN) statute to India. “Overall normalization of trade ties with India will be in favor of Pakistan both in short term and long term basis” he ... Read More »

Customs seizes non-PVC cable worth Rs 10 million

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LAHORE: Customs Investigation and Intelligence (I&I) Lahore has seized a container of non-PVC cable worth Rs 10 million from a warehouse. Sources said that the cable container was confiscated as the owners failed to produce its documents. They said that the cable was imported by an importer for Peshawar in raw form which is 100 percent duty free but the ... Read More »

Discount facility ended on car token tax

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Multan: The discount facility on the token tax of motor cars by Excise and Taxation Department has ended during Eid holidays and now motor car owners have to pay double fee of token tax as fine. The token tax of motor vehicles has been an important source of levy collection for Tax and Excise Department. It brings considerable revenue and ... Read More »

Vehicle amnesty scheme: FBR yet to take action against culprits

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Multan: The Federal Board of Revenue (FBR) has failed to take action against the Customs officials involved in clearing thousands of Vehicles through vehicle Amnesty Scheme despite of the fact that court canceled the said scheme. According to detail, FBR has yet not taken any action against customs officials involved in illegal clearance of more than 52000 vehicles through vehicles ... Read More »

Customs to introduce X-Series for air traffic

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KARACHI: Pakistan Customs is going to introduce latest X-Series by the beginning of the year 2015 for making the connectivity between airports and Pakistan Customs more effective in terms of filing Import General Manifest (IGMs). A FBR sources confirmed Customs Today that the Pakistan Customs with the collaboration of Emirates Airlines and International Air Transport Association (IATA) will start its ... Read More »

TCS, Smart Zone smuggling scandal: DG I&I pressurized to stay away from case

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ISLAMABAD: Director General Customs Intelligence and Investigation (I&I) Lutfullah Virk has ordered Deputy Director Customs Shahid Jan to take strict action as per law against TCS and Smart Zone Company for their alleged involvement in smuggling. As per details, owners of TCS and Smart Zone companies had tried to put pressure on DG I&I through different means but he rejected any ... Read More »

FBR withdrawal of duty on steel sheet plunges fans’ price

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PESHAWAR: The prices of electric homemade room coolers and fans in Peshawar dropped after Federal Board of Revenue (FBR) has withdrawn 10 percent Customs duty on the import of electrical silicon steel sheet. Afghan refugees who were residing in Peshawar Khyber Pakhtun-khwa have also developed their local industry of electric rooms coolers which were widely popular on low rates as ... Read More »

Gujranwala region: FBR to bring 10,000 evaders under tax net

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SIALKOT: Federal Board of Revenue (FBR) has decided to bring about 10,000 small traders and businessmen under the tax net and to collect tax from 85000 inactive NTN holders in Gujranwala region. As per details, the FBR has formulated six special teams for each of the six districts, Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala which were going ... Read More »

Comparing cost of renting a house in DHA, Karachi and Lahore

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LAHORE (AZKA NAEEM): Defence Housing Authority (DHA) has been the top investment choice among known property investors of Karachi and Lahore. Overseas Pakistanis consider DHA a prime investment option because of hassle-free property transfer mechanism and investment security offered by Defence Housing Authority. When it comes to comparing return on property investments made in different localities of Karachi and Lahore, ... Read More »

Hyderabad Customs reluctant to fill vacant seats

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HYDERABAD: Hyderabad Customs has failed to appoint new officers on many vacant seats tax officers even after passing 40 days. Also new appointed officers have yet not assigned duties and they are confused about their authority. On the other hand, taxpayers were also facing difficulties regarding submission of their tax returns and other tax related operations because the shortage of ... Read More »

FBR exceeds revenue target by Rs 1 billion in July

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ISLAMABAD: The committed work of field formation officers under new acting Chairman helped the Federal Board of Revenue (FBR) in exceeding the revenue collection target in July 2014 by one billion rupees as it collected Rs 138 billion during the month of July against Rs 137 billion target. Acting Chairman of FBR Shahid Hussain Asad while talking to Customs Today ... Read More »

FBR acting Chairman to visit Karachi Customs House next week

KARACHI: The Federal Board of Revenue acting Chairman Shahid Hussain Asad is likely to visit Karachi Customs House next week. The FBR sources confirmed Customs Today that the acting chairman Shahid Asad would expected to visit customs house next week where he will hold meetings with the Customs officers. It further informed this scribe that the agenda of the meeting ... Read More »

Job undone: Dar to face IMF next week

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ISLAMABAD: Pakistan’s economic team lead by Finance Minister Ishaq Dar is likely to face criticism by International Monetary Fund (IMF) in Dubai next week on its failure to broaden the tax base in last fiscal year. A source from FBR told Customs Today that the talks with the IMF going to begin next week in Dubai and economic team may ... Read More »

Govt to re-shuffle FBR’s top officials

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KARACHI: The federal government has been mulling over to reshuffle the top bureaucracy of Pakistan Customs, Inland Revenue Services (IRS), Regional Tax Offices (RTOs) and Directorate General of Customs Intelligence and Investigation. A source told Customs Today that the changes would be on cards at chief collector, collector and commissioner and director level. He said that the federal government was ... Read More »