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Author Archives: M. Faizan

FBR, BoP to work closely to expand tax net: Member FATE Nausheen Javaid Amjad

ISLAMABAD: The Federal Board of Revenue (FBR) has started contacting country’s banks and financial institutions as part of an outreach program to boost the filing of income tax returns. As part of the initiative, a team of the FBR’s Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR Ms Nausheen Javaid Amjad held an extensive meeting with Naeemuddin ... Read More »

New RPOs will be released after approval of finance minister: Chairman FBR Tariq Pasha

ISLAMABAD: Federal Board of Revenue (FBR) chairman Tariq Mehmood Pasha has informed the Senate standing Committee for Finance that unless the completion of the payment of the first RPO, the payment process of second RPO cannot be started. However, he said that the new RPOs will be released after the permission from the finance minister. He also briefed the committee ... Read More »

Mis-declaration: Customs I&I seizes container loaded with contraband items worth Rs 64m

ISLAMABAD: A team of Directorate General Custom Intelligence and Investigation has seized another container, containing wine and beer, used CLI telephone sets and other restricted items smuggled by M/S KK Metal Industries, Sambrial Sialkot, under the garb of import of computer broken parts from Australia by availing transshipment facilities. The market value of the seized goods is Rs 64 million ... Read More »

FBR suggests review of existing trade policy with China

ISLAMABAD: The Federal Board of Revenue (FBR) has suggested the quarters concerned to review the existing trade policy with China. According to the FBR, Pak-China trade data reveals that terms of trade with China so far have not been in favor of Pakistan. The trade balance during the last ten years has worsened from Rs -95 billion to Rs -826 ... Read More »

DC Adjudication Islamabad orders confiscation of PU coated artificial leather

ISLAMABAD: Deputy Collector Customs Adjudication Islamabad Dr. Wajid Ali has ordered the seizure of “PU Coated Artificial Leather (Non-Woven) in case No. 324/2017. The official concerned was tipped off that foreign origin PU Coated Artificial Leather would be smuggled from Lahore by a truck with registration No: Z-7442. The raiding party set up picket at G.T Road Dina. On 19.04.2017 ... Read More »

Money laundering: Court allows I&I to start probe against M/s Sundar Trading, M/s Kontel Technologies

ISLAMABAD: Special Customs Court has allowed Directorate General Customs Intelligence and Investigation to initiate  investigations against two companies, M/s Sunder Trading Company, M/s Kontel Technologies and M/s Comprehensive Business International Lahore on the charges of money laundering amounting to $4.2 million. It is pertinent to mention here that Directorate General Customs Intelligence and Investigations detected the cases of money laundering ... Read More »

FBR launches drive to make cellular employees part of tax net by filing returns

ISLAMABAD: As part of its initiative to rope in large public and private sector organizations and companies in its ongoing drive for filing of Income Tax returns, the Federal Board of Revenue (FBR) has approached the country’s cellular sector to facilitate the workforce employed there to become part of the tax system by filing their tax returns. The FBR’s effort ... Read More »

Deputy Director Khaldunul Haq redistributes charges among superintendents

ISLAMABAD: Customs Intelligence and Investigation Deputy Director Headquarter Khaldunul Haq has issued an office order no: 66/2017 on the directions of Director General Customs I&I Shaukat Ali, regarding redistribution of charges among the superintendents and intelligence officers of headquarters. According to details, Superintendent Operation Saeed Ahmed has been assigned the charge of supervision of reward cell and updating database reward ... Read More »

Smuggled Toyato Hiace impounded by Directorate of Intelligence and Investigation

ISLAMABAD: The Directorate of Intelligence and Investigation, Federal Board of Revenue Rawalpindi, has taken into possession a non-duty-paid smuggled used vehicle Toyota Hiace Van, Model-2000, worth Rs1.9million including taxes and duties. After initial investigations, an FIR also has been lodged against the possessor of the van and the case has been sent to the collector adjudication. On a tip-off, the ... Read More »

FBR Chairman Tariq Pasha to hear case of suspended Inspector Abdul Razzaq on September 14

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Mehmood Pasha will give personal hearing to customs inspector of Model Customs Collectorate Hyderabad Abdul Razzaq and others on 14th September 2017 at FBR House. According to the details, Inspector Abdul Razzaq is facing the charges of corruption and misusing the power and the government authority and after thorough investigations and inquiry ... Read More »

Deputy Collector Dr. Wajid Ali orders to recover evaded duty & taxes from M/s Hammad Poly Industries

ISLAMABAD: Customs Adjudication Deputy Collector Dr. Wajid Ali has ordered to Customs Collectorate Islamabad, for recovery of evaded amount of duty and taxes to the tune of Rs5,00,000 in contravention case No. 28/2017 filed against M/s Al Hammad Poly Industries Industrial Estate Rawat, Rawalpindi and also imposed a penalty of Rs.1,25,000. According to details, it has been reported that the ... Read More »

FBR Chairman Tariq Pasha to attend TRC meeting tomorrow

ISLAMABAD: A high-powered implementation committee meeting of the Tax Reform Commission will be held at Federal Board Revenue on September 13, 2017 (tomorrow). According to the details, Advisor to Prime Minister for Revenue Haroon Akhter, FBR Chairman Tariq Mehmood Pasha, Chairman Tax Reform Commission Masuod Naqvi, Member Operation Inland Revenue Khawaja Tanveer Ahmad, Member Policy Inland Revenue Dr. Muhammad Iqbal, ... Read More »

FBR Member Customs Zahid Khokhar for stern action against habitual late comers

ISLAMABAD: Member Customs Federal Board of Revenue Muhammad Zahid Khokhar has taken serious notice of late comers and directed to all heads of the field formations and subordinate offices to ensure strict compliance of office timing. According to the details, on the direction of FBR Chairman Tariq Mehmood Pasha, Khokhar has written a letter to offices, including chief collectors, director ... Read More »

FBR chairman Pasha to personally hear appeal of suspended inspector Shahzada Amir

ISLAMABAD: Chairman Federal Board of Revenue Tariq Mehmood Pasha will give personal hearing to the suspended inspector of Customs Collectorate Quetta Shahzada Amir. According to the details the suspended inspector appealed to chairman FBR and pleaded that he is innocent and the findings of the inquiry report are not correct. Chairman FBR has decided to give him a last chance ... Read More »

IMF representative hails FBR revenue collection measures

ISLAMABAD: Resident Representative of International Monetary Fund (IMF) Tokhir N Mirzoev met with Chairman Federal Board of Revenue Tariq Mehmood Pasha at FBR House. According to the details, Chairman FBR has briefed him regarding the tax revenue collection measures for the current financial year and the implementation process on tax reforms. He also briefed Tokhir Mirzoev about the current situation ... Read More »

Collector Ihsan Shah orders M/s Charisma Catering to pay evaded duty, taxes

ISLAMABAD: Collector Customs Adjudication Ihsan Ali Shah has passed Order in Original No. 124 of 2017 in contravention report no.56, reported by Customs Intelligence and Investigation, ordering M/s Charisma Catering, G-11 Markaz, Islamabad, to pay the evaded duty and taxes of Rs 39.405 million for allegedly availing concessions in violation of SRO 1125 (1) 2011. A penalty of Rs 2 ... Read More »

DG Customs Intelligence detects cases of tax evasion worth Rs1400m in August

ISLAMABAD: Directorate General Customs Intelligence and Investigation Federal Board of Revenue has showed tremendous performance regarding anti smuggling operations and duty and tax evasion cases in the month of August 2017, under the supervision of Director General Shaukat Ali. According to sources of Customs Today, Directorate General Customs I&I has detected cases of duty and tax evasions amounting to Rs1400 ... Read More »

FBR chairman Pasha takes serious notice of non-observance of office timing by Custom officers

ISLAMABAD: Federal Board of Revenue Chairman Tariq Mehmood Pasha has taken serious notice of non observance of office timing by the officers and employees of the customs field formations. According to sources, Secretary Management Customs-I Jameel Ahmed Baloch has sent a letter to all chief collectors, director generals, collectors of customs and directors and informed them that the FBR chairman ... Read More »

Senate Committee to review SECP report tomorrow

ISLAMABAD: Senate Standing Committee for Finance will discuss the report of Security Exchange Commission of Pakistan (SECP) on the alleged corruption of $17.5 million in Multan Metro Bus Project. The meeting of the committee will be held on 7th September tomorrow in Parliament House under the chairmanship Senator Saleem Mandviwala. Chairman FBR Tariq Mehmood Pasha, Member Operation Inland Revenue Khawaja ... Read More »

Customs Intelligence impounds non duty paid Toyota Mark X from Aabpara

ISLAMABAD: Directorate of Customs Intelligence and Investigation has seized a non duty paid smuggled foreign origin used vehicle Toyota Mark X, 300-G Premium car worth Rs2 million. According to details on tip off received from informer the anti smuggling team which includes intelligence officer Maqbool Ahmad and IO Shahid Majeed with sepoy Aftab Khan intercepted a non duty paid smuggled ... Read More »