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Tag Archives: FBR Chairman

Bajwa, US councillor meeting cancelled due to Imran, Qadri sit-ins

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ISLAMABAD: The meeting between Federal Board of Revenue Chairman Tariq Bajwa and economic councillor of US Embassy has been cancelled due to security situation in the federal capital. As per details, economic councillor of US Embassy was scheduled to meet the FBR chairman at headquarter on Thursday, however, meeting has been cancelled due to sit-ins and marches by Pakistan Tehreek-e-Insaf ... Read More »

Bajwa, UK official to discuss roadmap to improve taxation

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ISLAMABAD: The representative of UK Department for International Development (DFID) will meet Federal Board of Revenue (FBR) Chairman Tariq Bajwa at FBR headquarters on Monday. As per details, a meeting between FBR chairman and DFID representative has been scheduled for this Monday in which both sides will discuss the roadmap to improve the tax collections and to strengthen the economy. ... Read More »

FBR raises large taxpayer unit’s target by 30pc

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LAHORE: The Large Taxpayer Unit (LTU) of the Federal Board of Revenue (FBR) has been assigned 30 percent more revenue target for September this year than the last year’s collections of Rs 15.03 billion during the same period. Sources told Customs today that the FBR has assigned Rs 19.497 billion tax collection target to LTU for September this year, which ... Read More »

Ex-CEO Hamdani owns TCS building

Absence of Prosecutor

ISLAMABAD: The customs authorities have learnt that former TCS CEO Saqib Hamdani has the ownership of the main building of the TCS Express and Logistics Centre near Jinnah International Airport at Iqbal Avenue, Karachi. This revelation has opened new dimensions in the TCS and Smart Zone Company smuggling case that how a man hired as CEO could have the ownership ... Read More »

Dubai Customs seizure cases up 23pc in first half

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DUBAI: Dubai Customs has raised collections from seized contraband as it has 23 percent more seizure case during the first half of this year than the same period of last year. As per details, Dubai Customs Passenger Operations Department has 1,037 confiscations during the first half of this year as compared to 843 seizures during the same period last year. ... Read More »

FBR to devolve powers to act against ‘black sheep’

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ISLAMABAD: The Board in Council of the Federal Board of Revenue (FBR), on suggestion of Member Customs Nisar Muhammad Khan, has decided to give authority of institutional punitive measures to field formations, chief collectors and chief commissioners. After the said decision, heads of the field formations will be authorised to take action against corrupt officers on mismanagement and corruption. The ... Read More »

Customs judge remands 3 in fake ‘E’ form case

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LAHORE: Customs Judge Tanveer Akbar sent three accused on a two-day remand for using fake ‘E’ form for foreign exchange on export in separate cases on Thursday. The court, accepting request of the customs investigation officer, granted remand of three accused, including clearing agents M Rashid, Nadeem and Wasim of Shipping and Freight Forwarders, on their alleged involvement in using ... Read More »

ANF recovers narcotics worth Rs 1.24 billion in 8 raids

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ISLAMABAD: Anti-Narcotics Force (ANF) recovered drugs worth Rs 1.24 billion during eight operations at Islamabad, Rawalpindi, Mianwali, Peshawar, Khyber Agency and Karachi and recovered 1.2 ton of charas, 3 kg of heroin and 700 grams of opium, arresting 12 drug peddlers. According to details, ANF Peshawar raided a house in Khyber Agency and recovered 1210 kg of charas from the ... Read More »

Bajwa directs tax officers to recover Rs 70 billion from SM Foods

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MULTAN: The Federal Board of Revenue Chairman Tariq Bajwa has directed the subordinates to present the comprehensive report on Rs 70 billion tax evasion by a famous businessman of Multan City. As per details, FBR chairman asked regional tax officers of Multan to recover Rs 70 billion rupees tax from a businessman evaded in last two years. The accused Saim ... Read More »

TCS, Smart Zone multi-billion smuggling case hearing put off

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ISLAMABAD: A special court headed by Customs Taxation and Anti-Smuggling Customs Judge Muhammad Ahmad Farooqi has postponed the hearing of the TCS and Smart Zone Company smuggling case as lawyers of the accused did not appear in the court. As per details, TCS former CEO Saqib Hamdani, Manager Logistics Ghazanfar Gul and Smart Zone Company Owner Shakirullah asked the court ... Read More »

US Customs seizes drugs worth $128K

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SANTA TERESA: The US Customs has seized marijuana worth $128,000 and arrested two men in a raid by US Customs and Border Protection officers at the Santa Teresa port of entry. Customs intercepted two men, Armando Yanez Balbuena, 36, and Noel Oguer Aguirre Garcia, 40, who were entered the port from Mexico. Customs officers were screening vehicles when they noticed ... Read More »

Clarion call by FBR chief

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Federal Board of Revenue Chairman Tariq Bajwa has claimed that hundreds of thousands of people are out of tax net in the country and serious efforts are required to persuade them to pay taxes. He says that every individual who pays tax is just like a client for his department and the government officials are supposed to take care of ... Read More »

FBR officials arrest factory owner for evading Rs 280 million tax

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LAHORE: Federal Board of Revenue Lahore Deputy Commissioner Inland Revenue Raza Ashfaq Sheikh has arrested a factory owner for allegedly evading Rs 280 million tax. As per details, the deputy commissioner raided a house in Shahdman, Lahore, and arrested Nasir Tariq Butt, owner of Munir Foundry situated on Shiekhpura Road. Butt had not been paying his tax dues since 2009. ... Read More »

Member Admin Shahid Jatoi takes action against corrupt officers

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ISLAMABAD: Federal Board of Revenue (FBR) Member Admin Shahid Hussain Jatoi has learnt that most of his instructions regarding corrupt officers were being ignored by lower management staff. As per details, Jatoi has sought the records of personal hearings against corrupt officers, from his appointment to date, on reports of mismanagement in these cases. It is learnt that the Member ... Read More »

Holder of taxpayer card to get numerous benefits: Bajwa

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MULTAN: Federal Board of Revenue (FBR) Chairman Tariq Bajwa disclosed that Nadra had designed a ‘distinction’ card for the taxpayers and holders of this card will get numerous benefits. Addressing members of Multan Chamber of Commerce and Industry (MCCI), Bajwa pointed out that holders of this card would be entitled to pay concessional tax on the purchase of cars and ... Read More »

Customs not to clear 6 fabric trucks sans import documents

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KARACHI: The Cloth Merchants Association has expressed deep concerns over the seizure of six trucks containing imported fabric during a raid conducted by FBR Directorate General of Customs Intelligence & Investigation Karachi and Pakistan Rangers near Allahwala Market, Lucknow Plaza. As per details, the association termed the raid “illegal” and alleged that the customs intelligence was misusing powers by breaking ... Read More »

Customs seizes shampoos, soaps at Sagian Bridge

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LAHORE: The customs anti-smuggling cell seized a bus loaded with non-customs paid goods worth Rs 0.8 million on Tuesday. Sources said that the anti-smuggling cell impounded imported shampoos, soaps and miscellaneous goods at the Sagian Bridge. They said that the cell sent a team under guidance of Anti-Smuggling Inspector Khalid Butt that confiscated the bus filled with illegal goods and ... Read More »

LCCI President Sohail Lashari says businessmen know social obligations

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LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Engineer Sohail Lashari, during a visit to Al-Ehsan Welfare Eye Hospital, said that the business community is quite conscious of its corporate social responsibilities and is utilising all its resources to the help of less privileged class of society. “The LCCI has already done a lot of work in social sector ... Read More »

PRA seeks audited copy of accounts from taxpayers

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LAHORE: The Punjab Revenue Authority (PRA) has asked the registered persons and businesses in corporate sector to submit a copy of annual audited accounts along with tax payments’ propriety certificate from auditors. The authority said that the main provisions relating to maintenance and production of records for the purpose of Punjab sales tax are available under sections 31 and 32 ... Read More »

US Customs to return ‘Tyrannosaurus Skull’ to Mongolia

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NEW YORK: The US customs authorities has decided to return the skull and vertebrae of an Alioramus dinosaur, a relative of the iconic Tyrannosaurus Rex, to Mongolia after Customs and Border Protection agents became suspicious of the French company importing them into the US. As per details, France had sent 70-million-year-old fossils, via courier, to a storage facility in Long ... Read More »