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Author Archives: Aftab Channa

SHC issues notices to chairman NAB, federal law minister on petition challenging NAB ordinance

KARACHI: The Sindh High Court (SHC) on Friday issued notices to chairman National Accountability Court, federal minister for Law, Sindh government and chairman Anti-Corruption for July 3 on a petition challenging the NAB ordinance. While keeping themselves safe from the NAB, the Sindh’s bureaucrats had approached the Sindh High Court, challenging the NAB ordinance and arrests of the government officers ... Read More »

MMM on NAB’s hit-list for alleged corruption, forgery of lands

KARACHI: The well-known personalities known as (tripple M) MMM are under strict watch of the National Accountability Bureau (NAB) for their alleged corruption and forgery of land records in the Sindh province, it is learnt. The MMM are Mohammad Ali Shaikh and Mumtaz Ali Zardari, close associate of former president Asif Zardari and his brother Owais Muzafar alias Tappi, while ... Read More »

Sindh to reduce rate of sales tax on services to 14 percent

KARACHI: The Sindh government is going to reduce the rate of sales tax on services from 15 percent to 14 percent with an aim to move towards uniform rate of taxation, it is learnt. The tax on telecommunication sector will be reduced from 19.5 percent to 18 percent and there will also be reduction in rate for program producers from ... Read More »

Sindh starts computerization of land record at cost of Rs 4.997 billion

KARACHI: In compliance of presidential directives and Supreme Court’s order, the Sindh government has started the project – Land Revenue and Management Information System (LARMIS) – aimed at computerization of land records, it is learnt. Sources told Customs Today that the project would cost Rs 4.997 billion and is expected to be completed by June 2016. Under LARMIS, all transactions ... Read More »

Sindh’s Customs, Taxation Court gets Judge after 8 months

KARACHI: The Customs, Taxation and Anti-Smuggling Court Sindh has finally got full time special judge after a lapse of at least eight months, it is learnt. The Ministry of Law has finally appointed Syed Faiz Rasool Rashidi as the special judge of the Customs Court. His appointment was made after recommendations of the Chief Justice Sindh High Court, sources told ... Read More »

NAB Court sends five officers on remand over Rs 4.5bn loss

KARACHI: The National Accountability Court has sent five officers, including directors and deputy directors of the Lines Area Re-Development Project on a 14-day remand for further investigations. The officers of the Lines Area Redevelopment Project of the Karachi Metropolitan Corporation included Director Waseem Iqbal, Deputy Director Fareed Naseem, Additional Director Atta Abbas, Additional Director Rashid Hussain and Deputy Director Shahid ... Read More »

Sindh Revenue Board performing without full-time chairman, secretary, members

KARACHI: The Sindh Revenue Board, a body tasked to collect sales tax on services, has been running without its basic structure including its members, advisers, secretary and ombudsman, it is learnt. It is mentioned here that in pursuant to the 7th NFC Award, the Sindh government had decided to impose, assess and collect sales tax on services. Accordingly the Sindh ... Read More »

FBR to recruit appraisers, lower staff in Pakistan Customs after 21 years

KARACHI: With not a single recruitment in the Pakistan Customs in lower grades from the last 21 years, the Federal Board of Revenue (FBR) is likely to recruit at least 200 to 250 officials from grade 1 to 16, Customs Today has learnt here. The appointments would be made purely on merit and through transparent manner in the first six ... Read More »

London School of Economics to train Sindh Revenue Board staff on tax, governance

KARACHI: The Sindh Revenue Board and the London School of Economics have signed a Memorandum of Understanding with an aim to train tax officials to collect general sales tax on services. After receiving a go-head from the centre to collect general sales tax on services, the provincial government had established the Sindh Revenue Board (SRB) for collecting the tax under ... Read More »

Sindh govt fails to impose infrastructure cess on NATO supplies

KARACHI: The Sindh government has failed to impose levy on the North Atlantic Treaty Organization (NATO) supplies and their return from Afghanistan to Karachi ports as the roads infrastructure of the province incurred losses worth billions of rupees, it is learnt. The Sindh’s Excise and Taxation Department is responsible for collecting the levy on the movement of goods entering the ... Read More »

Sindh Revenue Board collects Rs 44.5 billion tax on services

KARACHI: As the current financial year is going to end by June 30, 2015, the Sindh Revenue Board has collected more than Rs 44.5 billion taxes from the services sector against the set target of Rs 49 billion, it is learnt. “The SRB would surely achieve the target of Rs 49 billion by the end of June, 2015”, says Zafarullah ... Read More »

Sindh Excise collects Rs 34.2 billion taxes against target of Rs 37 billion 

KARACHI: As the current financial year is going to end by June 30, the Sindh Excise and Taxation Department has collected Rs 34.20 billion taxes against a set target of Rs 37 billion i.e. 92 percent of the total target so far, according to official document. The officials claimed that the department would achieve the annual target by the end ... Read More »

Excise Intelligence seizes heroin worth Rs 6.5 million

KARACHI: The Provincial Excise Intelligence Office of the Excise, Taxation and Narcotics Sindh recovered fine quality of heroin powder worth Rs 6.5 million, being transported to various areas of the city in a private car in Tariq Road area. A First Information Report (FIR) No. 08/2015 Under Section 6/9 C, CNS Act 1997 has been registered against Syed Shahbaz Raza ... Read More »

FPCCI expresses reservations about federal budget

KARACHI: While showing some reservations towards the federal budget presented by Federal Finance Minister Ishaq Dar, the Federation of Pakistan Chambers and Commerce and Industry (FPCCI) says just 20 percent of their budget proposals were accepted by the federal government. “The budget has both the positive as well as negatives aspects which need to be rationalise to increase tax-base and ... Read More »

FPCCI chief asks government to make TDAP an autonomous body

KARACHI: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has demanded the federal government to make the Trade Development Authority of Pakistan (TDAP) free from the bureaucracy and an autonomous body. FPCCI Chairman Mian Muhammad Idress told Customs Today that the powerful bureaucracy was interfering in the affairs of the TDAP and the business community was being sidelined. “The ... Read More »

Govt ignored agriculture sector in budget 2015-16, says FPCCI

KARACHI:  The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Standing Committee on Agriculture Production and Horticulture has said that no concrete measures were taken in the fiscal budget 2015-16 for the transformation of agriculture, horticulture sector and its exports, except tax incentives and addition in the agri credit. The fact that the agriculture sector accounts for 20.9 percent ... Read More »

NAB arrests secretary Excise, director Anti-Corruption on corruption charges

KARACHI: With its continued efforts to curb corruption in the Sindh government, the National Accountability Court (NAB) has arrested Secretary Excise and Taxation and Director Anti-Corruption for their alleged involvement in corruption and illegal appointments in the Minorities Affairs Department. The NAB team apprehended Secretary Excise and Taxation Badar Jameel Mendhro and Khadim Hussain Channa, the then Director, Minorities Affairs, ... Read More »

Sindh Revenue Board fails to recover Rs 1 billion sales tax from Axact

KARACHI: The Sindh Revenue Board has failed to recover more than Rs 1 billion under the head of sales tax from the influential IT firm Axact. The insiders in the tax collection body told Customs Today that the sales tax returns filed by M/s Axact in four months of 2014 — May, June, July and August — were of Rs. ... Read More »

No permanent Judge in Customs Taxation Court in Sindh

KARACHI: The Customs, Taxation and Anti Smuggling Court Sindh is performing without a full time judge from the last eight months, resulting in piling up of at least 457 cases. It is recalled here that the Ministry of Law and Parliamentary Affairs appoints the Judge of Customs Court. Chief Justice Sindh High Court makes three recommendations of which one is ... Read More »