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Author Archives: Shahid Minhas

FBR directs federal, provincial secretaries  to ensure employees income tax returns

ISLAMABAD: The Federal Board of Revenue (FBR) has directed all secretaries in the federal and the provincial governments as well as heads of semi-government and the private sector to ensure that their staff members file their annual income tax returns this year. According to sources, the FBR is near to achieve the target of 1 million filers and through these types of efforts, the ... Read More »

Customs Court hears 17 cases on Friday

LAHORE: The Special Court of Customs Taxation and Anti-Smuggling heard 17 important cases on Friday and recorded statements and issued necessary actions regarding all cases. On Friday, at least 17 cases were scheduled for hearing, including pre-arrest bail pleas of accused as well. The court adjourned the bail pleas of Shahzad Ahmed, Toufeeq Butt and Malik Siraj Ali until the ... Read More »

Ayyan Ali’s name placed on ECL

ISLAMABAD: Fashion model Ayyan Ali, who was recently released on bail, is now unable to move to any foreign country as the government has placed her name in the Exit Control List (ECL), it is learnt. According to sources, the government has included her name in the ECL, restricting her not to move out of the country until further orders. The super ... Read More »

FBR serves notice on official on misconduct

ISLAMABAD: Federal Board of Revenue has issued a final show cause notice to Lahore Regional Tax Office (RTO) Deputy Commissioner Naeem Abbas (IR /BS 18) on misconduct. According to the details, FBR has served notice on Naeem Abbas under the Rule 3 (b) of the Government Servant (Efficiency and Discipline) Rules 1973. The notice further stated that FBR has decided ... Read More »

FBR defines categories of e-filers

ISLAMABAD: The Federal Board of Revenue (FBR) has publicly announced the categories of e-filers who must use electronic system to file tax returns. According to the details, the FBR has made it clear that the taxpayers, including companies, trusts, salary persons, who are registered to the sales tax department and claim for tax refunds, cannot file the tax returns manually. The ... Read More »

Federal govt to increase regulatory duty on 313 imported items

ISLAMABAD: The federal Government has decided to increased regulatory duty on 313 imported items and will issue a Statutory Regulatory Order (SRO) for the purpose in three days, it is learnt here. According to details, the government is looking to overcome the revenue shortfall and to achieve the revenue target. To accomplish this, the government is ready to increase regulatory duty on the imported items, ... Read More »

Govt to impose new taxes to overcome shortfall of Rs 40 billion

ISLAMABAD: The federal government has approved the imposition of Rs 40 billion new taxes, it has learnt. According to details, Prime Minister Nawaz Sharif has approved the imposition of taxes to overcome the shortfall of tax revenue worth Rs 40 billion. Sources added that International Monitory Fund (IMF) has asked the government that next tranche of $50 million will be ... Read More »

Import of vehicles doubles in first four months of FY 2015-16

ISLAMABAD: The import of used vehicles has been increased twice in the first four months (July to October) of the current fiscal year, according to statistics. As per statistical data, from July to October, at least 14,106 used vehicles were imported and 4,041 vehicles were imported during October 2015 alone, while 1,886 vehicles were imported in October last year. Sources told Customs Today that during first four months ... Read More »

Police got remand of accused involved in murder of customs superintendent

ISLAMABAD: Police has arrested main accused of killing deputy superintendent of Customs and has taken his four-day remand for further investigations. According to sources, Lohi Bhair police arrested Iram Kiani who is brother-in-law of late superintendent Raja Ibrar.  The arrested accused also confessed to his involvement in the murder of the customs officer. Sources added that police produced the accused to the ... Read More »

IR-Intelligence arrests suspect involved in selling bogus invoices

ISLAMABAD: The Federal Board of Revenue (FBR) Inland Revenue (IR) Intelligence and Investigation has arrested a suspect allegedly involved in selling bogus invoices to companies for claiming tax refunds causing losses to the FBR. According to the details, Sheikh Qasim had obtained pre-arrest bail to avoid his arrest. However, the IR-Intelligence arrested him after cancellation of his bail by Special Court of Customs Taxation and Anti-Smuggling. Officials Sources ... Read More »

Govt to start crackdown against smuggling, drug mafias

ISLAMABAD: The federal government has decided to launch a crackdown against the smuggling and drug mafia while strategic plans are already finalized in this regard it is learnt here. According to details this crackdown will be started in Peshawar, Rawalpindi, Islamabad, Quetta, Gawadar, Lahore and other big cities of the country. Sources added that after receiving credible information that smuggling ... Read More »

Inquiry against 400 FBR officials at final stages

ISLAMABAD: The departmental inquiry against 400 officers of Federal Board of Revenue (FBR) is in the final stage. According to the details, these officials of BS 16 to 21 are under the cloud of investigation following the charges of misconduct, incompetence and corruption etc. Sources added that FBR has around 20,000 employees under BS-15 and during the tenure of former ... Read More »

Adjudication Deputy Collector Kaukab Farooq serves notice on tea smuggler

ISLAMABAD: Deputy Collector Customs Adjudication Kaukab Farooq has issued a show cause notice to Yasir Rehman in a tea smuggling case. According to the details, the anti smuggling staff of Rawalpindi Customs Intelligence and Investigation had seized 420 kilogram of smuggled tea from a bus bearing Registration No. LZV-0090 coming from Peshawar and arrested an accused Yasir Rehman registering a ... Read More »

Post-mortem report confirms customs officer’s murder

ISLAMABAD: The real story behind death of Deputy Superintendent Customs Raja Ibrar has reached  its conclusion who was found dead a few days ago. According to police sources the late customs officers dead body after post-mortem showed that he was tortured and murdered. It was revealed during investigations that one of his close relative is involved in his murder. Police ... Read More »

IPPs asks FBR to increase sales tax rate on electricity

ISLAMABAD: Independent Power Plants (IPPs) has requested the Federal Board of Revenue (FBR) to increase the sales tax rate from 17 percent to 20 percent on electricity to overcome the financial crisis. According to the details, IPPs has also demanded the issuance of sales tax refunds to electricity producers. Officials said that due to low rate of oil in the ... Read More »

Customs Intelligence confiscates drugs worth Rs 30m in four months

ISLAMABAD: The Directorate General Customs Intelligence and Investigation Islamabad has seized drugs worth Rs 30 million and registered 12 cases against the smugglers from July to October of the current fiscal year. According to the details, Deputy Director headquarters Khaldunul Haq told Customs Today that during the course of anti-smuggling activities 40,550 kilograms of poppy seed and 882 kg of charas, ... Read More »

FBR collects Rs942b up to Nov 17 of FY2015-16

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs 942.2 billion in the term of pure taxes till 17 November during the current financial year 2015-16 while it had collected Rs 803.5 billion during same corresponding of last year showing 17 percent increase. According to the details, FBR has collected Rs 118.2 billion taxes during first 17 days of November ... Read More »

Peshawar Customs Intelligence confiscates items, truck worth Rs 28m

ISLAMABAD: Directorate of Customs Intelligence and Investigation Peshawar has seized smuggled goods worth Rs 28 million, besides arresting one accused person. According to the details, following information was received to the Customs Intelligence that an attempt of smuggling could be made, on which the Peshawar Intelligence established picket to foil the smuggling bid. The officials intercepted a trailer bearing Registration ... Read More »

FBR asked to make policy for curbing animal smuggling

ISLAMABAD: Federal government has decided to introduce new policy to curtail the animal smuggling through Pakistan, Afghanistan and Iran borders. As per details, National Assembly’s Standing Committee for Trade has sent suggestions in this regard to the Federal Board of Revenue (FBR). Sources said that FBR has been informed regarding the misuse of import and export licence for animals by ... Read More »

FBR to achieve target of 1 million tax returns until November 30

ISLAMABAD: The Federal Board of Revenue (FBR) to hit the milestone of one million tax returns until November 30, it has learnt here. According to details, the number of tax returns filer was 7,20,000 till June 30, 2013; however, it has  increased gradually up to 900,000 until October 2015. Sources added that the FBR has directed its thinktank to introduce new legal ... Read More »