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Author Archives: Shahid Minhas

Finance Ministry delays decision to abandon Rs 25k, Rs 40k bonds

ISLAMABAD: The Finance Ministry has delayed the decision to abandon Rs 40,000 and 25,000 bonds and directed FBR to do the detail working on this matter and submit the report to the finance ministry. According to details, the FBR has supported the proposal of the Tax Reforms Commission to close-down the Rs 40,000 and Rs 25,000 bonds but it clearly said ... Read More »

Excise seals over 198 properties following grand operation against property tax defaulters

ISLAMABAD: The Excise and Taxation Department has sealed more 198 properties on the second day of the grand operation against property tax defaulters. According to details, at least 23 inspectors from Excise Department are conducting raids against the property tax defaulters on the direction of Director Excise Rawalpindi Tanveer Abbas Gondal and sealed properties in different parts of Rawalpindi region ... Read More »

FIA arrests most wanted human trafficker from Mardan

ISLAMABAD: The Federal Investigation Agency (FIA) has arrested the most wanted human trafficker from Mardan. According to FIA sources, Zar Wali son of Falas Khan, a residence of Mardan was in the hit list of the FIA. The FIA team has raided at his home and arrested the accused. Accused was involved in human trafficking and he earned million of ... Read More »

Customs orders two staff members to surrender

ISLAMABAD: The Customs Headquarters has ordered two inspectors to surrender due to their alleged involvement in mobile smuggling case yesterday. According to sources, the Customs authority also got Camera footage of international arrival lounge for this purpose. Sources added that yesterday, the Customs Staff recovered 1,248 smart cell phones and arrested three accused from Benazir Bhutto International Airport Islamabad (BBIAP). Deputy ... Read More »

Excise seals 200 residential, commercials properties

ISLAMABAD: Thee Excise and Taxation Department, Rawalpindi, has sealed 200 residential and commercial properties of defaulters in a grand operation while it has also recovered Rs 5.4 million in single day. According to details, on the direction of Director Excise Rawalpindi Taveer Abbas Gondal, the excise and taxation team has started the grand operation against the defaulters of property tax in the ... Read More »

Supreme Court orders FBR to submit full details of tax refunds

ISLAMABAD: The Supreme Court has asked full details and record of illegal tax refunds from the Federal Board of Revenue (FBR). According to details, a full bench of the Supreme Court, under the chair of Chief Justice Anwer Zaheer Jamali, has heard the tax refunds case. During the hearing, the Advocate from the FBR side told the court that the FBR has ... Read More »

Customs seizes 1,248 cell phones, arrests three at Islamabad airport

ISLAMABAD: Pakistan Customs confiscated 1,248 pieces of smuggled smart cell phones and 12 pieces of tabs, besides arresting three suspect persons at Benazir International Airport Islamabad. Deputy Collector Shahid Jan told Customs Today that credible information was received regarding the smuggling of cell phones, adding that the officials deputed at airport were asked to keep an eye on smugglers following ... Read More »

Adjudication Deputy Collector Kaukab issues notice in 420kg smuggled tea case

ISLAMABAD: Customs Adjudication Deputy Collector Kaukab Farooq has issued a show-cause notice to a suspect, Yasir Rehman, allegedly involved in smuggling of 420 kilogram tea. According to the details, the anti-smuggling staff of Directorate General of Customs Intelligence and Investigation had impounded a bus coming from Peshawar after recovery of smuggled tea and lodged a case against the suspect. The ... Read More »

Excise decides to seal property of tax defaulters

ISLAMABAD: The Excise and Taxation Department, Rawalpindi, has decided to seal the property of 805 property tax defaulters from today (Tuesday). According to details, on the special direction of Director Excise Rawalpindi Tanveer Abbas Gondal, 23 inspectors have been assigned the task to seal the property of tax defaulters of Rs 100,000 or more. Every inspector has the task to seal ... Read More »

Punjab govt seeks list of tax defaulters participating in LB polls

RAWALPINDI: The Punjab government has called a list of the property tax defaulters who are going to contest local body elections. Sources said that the Punjab government has directed the Rawalpindi Excise to send the list of candidates contesting for the seat of chairman and vice chairman, who have not paid property tax. The sources added that the department was already preparing a ... Read More »

Customs intelligence recovers smuggled goods worth Rs 1.7b from July to October 2015

ISLAMABAD: Directorate General Customs Intelligence and Investigation (I and I) Islamabad has seized smuggled goods worth Rs 1.7 billion and has registered 415 cases against accused while arrested 22 suspects from July to October 2015. Deputy Director headquarters Khaldunul Haq told Customs Today that Customs Islamabad has seized smuggled goods worth Rs 1.7 billion in different parts of the country, including Rs ... Read More »

Special Court sentences drug smuggler over two years of imprisonment

ISLAMABAD: The Special Court of Anti-Narcotics sentenced drug smuggler named Shah Iran to 2 years and 8 months of imprisonment and imposed a fine of Rs 17,000. According to details, ANF team has arrested Shah Iran and recovered 2 kilograms of high quality of heroin from his possession at Benazir International Airport (BBIAP) Islamabad during searching of bagages. During the ... Read More »

Customs seizes drugs worth Rs12.1m in October

ISLAMABAD: Directorate General Customs Intelligence and Investigation Islamabad has seized Rs 12.1 million of drugs and registered 5 cases against the smugglers during October 2015. According to details Deputy Director head quarter Khaldun ul Haq told Customs Today that during the course of anti-smuggling activities 6,500 kilograms of Poppy Seed and 128 kilograms of hashish while 8 kilograms of Opium ... Read More »

FBR Chairman Bajwa to chair meeting of provincial revenues authorities on Nov 16

ISLAMABAD: The federal government has called a meeting of provincial revenue authorities to resolve all the outstanding issues among them on Nov 16. The meeting will be attended by all the heads of provincial revenue authorities and will be presided over by FBR Chairman Tariq Bajwa. In the meeting, the authorities will discuss general sales tax on services and non-issuance of ... Read More »

Customs seizes smuggled items worth Rs 254m in October

ISLAMABAD: Directorate General Customs Intelligence and Investigation headed by DG Imtiaz Ahmad Khan seized Rs 254 million smuggled goods and registered 95 cases against the smugglers while arrested five accused persons during the month of October 2015. According to details, Deputy Director headquarter Khaldun ul Haq told Customs Today that during the course of anti-smuggling activities in October 2015 Directorate ... Read More »

Quetta Customs seizes smuggled Iranian diesel

KARACHI: Directorate General of Customs Intelligence and Investigation with the collaboration of Frontier Crops successfully seized smuggled Iranian diesel worth Rs 4.5 millions. Sources told Customs Today, that Customs authorities received a credible information regarding smuggling of Iranian diesel. The Customs checking team intercepted a truck at RDC Highway and seized Iranian diesel. Customs Quetta authorities during another crackdown seized ... Read More »

FBR to impose new taxes to clear refunds

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to issue Pakistan Investment Bonds or impose new taxes to clear the pending refunds of taxpayers, it is learnt here. Sources said that FBR has two options this time to clear the refunds at once. The first option is the imposition of new taxes to cover the revenue shortfall, which would ... Read More »

Sales tax on services sector challenged in LHC

ISLAMABAD: The additional sales tax on services sector imposed by the Punjab government has been challenged in Lahore High Court (LHC) Rawalpindi bench. According to the details, Adnan Saleem Adovacate, counsel for the business community, has submitted a petition. He has said in the petition that all hotels and small businessmen are registered with the Federal Board of Revenue (FBR) ... Read More »

ANF seizes over 170 kg of drugs, arrests six peddlers

ISLAMABAD: The Anti-Narcotics Force (ANF) has arrested six drug peddlers and recovered over 170 kilograms of narcotics during different crackdowns in Rawalpindi. The ANF team during a raid near Chakri interchange on Islamabad-Lahore Motorway recovered 34 kg of heroin from a vehicle and arrested two accused named Arshad and Usman. In another raid, it recovered a huge quantity of acetic anhydride, ... Read More »

Customs preventive seizes smuggled contents worth Rs 29.9m in October

ISLAMABAD: The Model Customs Collectorate (MCC) Islamabad Preventive Division under supervision of Collector Zeba Hai seized Rs 29.9 million imported items during month of October 2015. According to details, during the course of anti-smuggling activities in October 2015. Customs Preventive Division has seized and recovered Rs 29.9 million imported goods, including four non-duty paid vehicles worth of Rs 4.5 million. At ... Read More »