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Home / Tag Archives: FBR Spokesperson Shahid Hussain Asad

Tag Archives: FBR Spokesperson Shahid Hussain Asad

Rs 333 million goods imported from India via Wagha Border

wagha border

LAHORE: Pakistan has imported items worth Rs 333 million between September 15 and 21 from India via the Wagha border. According to available documents, the major items were potatoes, tomatoes, garlic, cake-oil, polyethylene and cotton yarn. The documents also read Pakistan imported potatoes worth Rs 19.8 million during the last week. No duty has been imposed on the import of potatoes from India ... Read More »

Tax collection target likely be revised due to floods

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ISLAMABAD: Federal Board of Revenue (FBR) is planning to review the tax collection target of Rs2.81 trillion set for the current financial year 2014-15 owing to devastating floods in the country. Sources said that FBR has taken the decision after having nod from the Finance Ministry. According to FBR spokesperson Shahid Hussain Asad, FBR Tax Department is no track to ... Read More »

4,434 used cars imported during July-August

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KARACHI: As many as 4,434 used cars were imported into the country during the first two months of the current fiscal year ended August 31, according to the statistics compiled by the All Pakistan Motor Dealers Association (APMDA). Of the total cars imported during the first two months, 4,374 were imported under the Personal Baggage Scheme while the remaining 59 ... Read More »

Court issues non-bailable warrants for arms smuggler

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KARACHI: The Customs and Taxation Court Special Judge Soofia Latif issued non-bailable warrants for Javed Sami, accused of smuggling arms and ammunition at Jinnah International Airport Karachi last month. Sami was caught with arms and ammunition in his personal baggage and remanded to FIA custody. Sources informed Customs Today that customs has recovered 25 parts of pistol and 97 magazines from ... Read More »

Federations of Pak-Indian chambers join hands to enhance bilateral trade

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ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and Federation of Indian Chambers and Commerce (FICCI) have signed an agreement to enhance bilateral trade between the two countries. The agreement was signed between both the representative bodies of traders on the sidelines of the Alishaan Pakistan Expo recently concluded in the Indian capital New Delhi. FPCCI Vice President ... Read More »

Dastgir to visit Netherlands to improve trade ties

Khurram Dastgir

ISLAMABAD: Federal Commerce Minister Khurram Dastgir is scheduled to start a four-day official visit to Netherlands on coming Tuesday. The invitation for this visit was extended by Dutch Minster for Trade Ms Liliame Ploumen during her visit to Pakistan in May this year. During his stay in Amsterdam, minister will hold meetings with Dutch officials on matters of bilateral interest ... Read More »

Bajwa assures tax relief for solar industry

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ISLAMABAD: Pakistan Solar Association Vice Chairman Nouman Yousafzai asked Federal Board of Revenue Chairman Tariq Bajwa to give tax compensation in solar system, in a meeting here on Wednesday. As per details, Nauman Yousaf was of the view that by reducing tax value more public could be benefitted from solar power in recent energy crisis faced by country. FBR chairman ... Read More »

SC orders Dewan Cement to pay customs duty after 19 years

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KARACHI: The Appraising Intelligence Branch of Model Customs Collectorate Appraisement-West is finally succeeded in managing its outstanding recovery of nearly Rs 80 million from Dewan Cement Limited (Pakland Cement) on its alleged involvement in tax evasion of Rs 86.84 million customs duty and sales tax. According to details, the case has been decided by Supreme Court of Pakistan (SCP) after ... Read More »

FBR to remove flaws in sales tax collection

sales tax

ISLAMABAD: The Federal Board of Revenue (FBR) has intensified its efforts to remove flaws in sales tax collection to achieve the yearly target  for FY 2014-15. As per details, FBR Chairman Tariq Bajwa and all members were briefed in a presentation on improvements in the collection system to collect sales tax. In the presentation members presented suggestions to remove flaws ... Read More »

Issue of fertilizer subsidy

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According to newspaper reports, the Ministry of National Food Security and Research is dilly-dallying the issue of subsidy on fertilizers, leaving little room for the farmers to enthusiastically participate in the next season crops. The use of fertilizers is the basic element in the modern farming and the growers deserve every facility from the government, but the present situation will ... Read More »

Circular debt – again  

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Circular debt is the money which various government departments owe to PEPCO as electricity charges. When the government departments do not pay for the power they use, PEPCO fails to pay to various power producing units from where it purchases electricityand the power producing units cannot pay to oil companies to purchase fuel. This creates a circle of debt which ... Read More »

LHC disposes of petition by SM Foods seeking quashing of FIR

High Court Multan

MULTAN: The Multan bench of the Lahore High Court (LHC) has disposed of a petition filed by Saim Mobeen Food Company in case of mis-declaration of imported goods from Austria. The quashing of the FIR filed by the Saim Mobeen Food Company in case of mis-declaration in the import of iron rods used in the baking of biscuits was disposed ... Read More »

FIA likely to grill customs officials for clearing pharma raw material

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KARACHI: A team of the Federal Investigation Agency (FIA) Lahore is mulling over to visit Karachi for further investigating the case related to the clearance of pharmaceutical raw material in which 76 Customs officials involved. Sources informed Customs Today that a team headed by FIA Assistant Director Mian Asif, husband of slain MQM MNA Tahira Asif, may visit Karachi to ... Read More »

FBR Chairman Bajwa seeks list of seized vehicles from all collectorates

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ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa has sought all model customs collectorates to provide the details of all seized non-customs paid vehicles. As per details, in a notification issued by chairman office, it was stated that all model customs collectorates should send lists of non customs paid vehicles at warehouses and ports, seized by customs. It ... Read More »

Revenue Alliance Union asks FBR chief to accept demands

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LAHORE: The Federal Revenue Alliance Employees Union (FRAEU) FBR Pakistan has sent a letter to the FBR chairman, asking him to accept their charter of demands or the union will call for a strike. The union reiterated its demands in the letter regarding the service structure policy for FBR employees from BS-1 to BS-16, grant of one time scale to ... Read More »

Traders seek govt permission to import textile machinery from India

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ISLAMABAD: Traders and textile groups have asked the federal commerce ministry to allow them imports textile machinery from India. As per details, importers want to import boilers and gear boxes via Wagha Border as the cost of import is much higher in Karachi. Sources told Customs Today that some traders have imported gear boxes for textile machinery via Wagha Border ... Read More »

Customs reveals another multi-million scam by Telenor

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ISLAMABAD: The Directorate General Customs Intelligence and Investigation Islamabad has brought another mega scam of Rs 23 million duty evasion by Telenor into light. As per details, the customs has issued notice to the telecommunication service provider, Telenor, for its alleged involvement in another Rs 23 million duty evasion in mis-declaration/mis-classification. Telenor has assured the customs that they were ready ... Read More »

FBR to make e-filing of tax returns user friendly

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SIALKOT: The Federal Board of Revenue (FBR) is removing flaws from E-filing system of tax returns submission to make it more user-friendly, to facilitate the business community and potential taxpayers. The FBR has launched an awareness seminar on “E-filing tax returns filing” at Gujranwala Chamber of Commerce and Industry (GCCI). The FBR chief of FATE Wing Islamabad Bukhtiar Muhammad, Secretary ... Read More »

Physical, mental health perquisite for nation’s efficiency: LCCI

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LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has organised a day-long seminar on “The Hidden Enemy” on Friday, in which a large number of people from different walks of life participated. LCCI Vice President Kashif Anwar and renowned Psychiatrist Dr GH Saqib Kalyani spoke on the occasion and marked the importance of physical and mental health. They pledged ... Read More »

PM, cabinet assure support to Bajwa on tax collections

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ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif instructed Federal Board of Revenue (FBR) Chairman Tariq Bajwa to start crackdown on tax evaders without any discrimination. He also told FBR chairman to broaden the tax net without taking any political pressure. As per details, FBR Chairman Tariq Bajwa has briefed the PM Nawaz and cabinet in a federal cabinet meeting on ... Read More »