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Home / Author Archives: Shahid Minhas (page 33)

Author Archives: Shahid Minhas

Bogus receipts of Rs 30m recovered from Excise Rawalpindi

ISLAMABAD: An audit team has recovered Rs 30 million bogus receiving receipts during the audit and has taken all the record into custody, including property tax, sources told Customs Today. According to sources, the recovered property tax receipts are without any bank stamp which have been taken into control by the audit team. Sources further added that the director excise ... Read More »

ANF foils bid to smuggle heroin to USA

ISLAMABAD: The Anti-Narcotic Force has foiled an attempt to smuggle heroin to the United States through cargo at Benazir Bhutto International Airport Islamabad and arrested the accused on the spot. According to sources, the ANF authorities received credible information that an attempt was being made to book heroin in a cargo carton. After receiving information, Anti-Narcotics Force noticed that Muhammad Iqbal, a ... Read More »

Corruption scam: Special team to conduct inquiry into Excise Rawalpindi

ISLAMABAD: Director-General Excise and Taxation Punjab has constituted a four-member audit team under the supervision of Director Audit and Enforcement Lahore Muhammad Asif to investigate into the financial and administrative irregularities in Excise and Taxation office Rawalpindi. The audit team has already started its work from August 1, 2015. The audit team will review the overall performance of five different departments ... Read More »

Low tax collection cause of getting foreign loans, says Bajwa

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has said that the basic reason of taking foreign loan is lower ratio of tax revenue in the country. He stated this while addressing a seminar on the topic of ‘Tax Crises in Pakistan’ here in Islamabad. The FBR chairman said that Pakistan has acquired loans from international organisations and other countries ... Read More »

Excise Rawalpindi fails to issue number plates for new vehicles

ISLAMABAD: The Excise and Taxation office Rawalpindi has failed to distribute/issue at least 0.2 million number plates to the vehicle owners. According to sources, due to inefficiency and irresponsible behavior of staff of the Excise and Taxation office Rawalpindi, at least 0.2 million number plates could not be distributed among the vehicles owners. On the other hand, the vehicle owners have paid the ... Read More »

FBR, World Bank to set up new units

ISLAMABAD: Federal Board of Revenue (FBR) and World Bank has agreed to setup new units at FBR Islamabad headquarters sources said. According to sources, talks between Federal Board of Revenue and World Bank on the initial structure and establishment of two new units i.e Tax Policy Analysis Unit and Market Analysis Unit has been finalized and both are agree to ... Read More »

DG Lutfullah Virk outlines various measures to curb smuggling in FY 2015-16

ISLAMABAD: Directorate General Investigation and Intelligence, Customs has developed advanced strategies to overcome the menace of smuggling in the country during current fiscal year 2015-16. As per details, Customs Intelligence called directors’ conference which was headed by Director General Customs Intelligence, Lutfullah Virk here at headquarters in Islamabad. Virk outlined various measures to curb smuggling. All directors of the country participated ... Read More »

Customs authorities seek court permission to arrest money laundering suspect

ISLAMABAD: The Directorate General of Customs Intelligence and Investigations has got solid proofs against accused Ejaz Baig who was arrested at the Benazir Bhutto International Airport Islamabad on the charges of money laundering, sources said. Sources said that  Ejaz Baig has travelled 23 times abroad while Customs Intelligence and Investigations has got solid proofs against him about money laundering and ... Read More »

IT companies strongly reject 8pc tax

ISLAMABAD: The companies dealing in Information Technology have showed reservations on the imposition of 8 percent tax on IT sector and asked government to withdraw the tax immediately. According to details, Pakistan Software House Association for IT and ITES has sent a letter to  Federal Finance Minister Ishaq Dar in which it showed reservations on the imposition of 8 percent tax ... Read More »

ANF planning to stop usage of drugs in educational institutions

ISLAMABAD: The Anti-Narcotic Force (ANF) has decided to take action against groups involved in drugs dealing in educational institutions of the country. According to the details, the ANF has claimed that almost eight million students have become drug addicts causing threat to the future of the country. At initial stages, officials would trace out the supply chain of the drug mafia ... Read More »

95 lawmakers shy of paying tax during FY 2014-15

ISLAMABAD: At least 95 members of the national and  provincial assemblies and Senate have paid minor taxes during the fiscal year 2014-15. Sources informed Customs Today that 10 members of the National Assembly and 16 Senators did not pay any tax. At provincial level, at least 31 members of the  Khyber Pakhtunkhawa Assembly also fell in the category of non-taxpayers as they stayed away ... Read More »

ASF arrests drug peddler, recovers 600 grams heroin

ISLAMABAD: Airport Security Force (ASF) has foiled an attempt of heroin smuggling to Bahrain at Benazir Bhutto International Airport Islamabad and arrested an accused. As per details, Airport Security Force (ASF) officials deputed at the Islamabad airport intercepted a passenger namely Kabil Shah Resident of Charsadda,  Khyber Pakhutunkhawa (KPK) following his dubious behaviour. While checking his luggage, ASF authorities recovered almost ... Read More »

FBR makes mandatory for officers to attend management courses

ISLAMABAD: The Federal Board of Revenue (FBR) has developed a code of conduct to discourage those officers who avoid attending management courses. According to the code of conduct, if any officer avoids the management course this would be considered  inefficiency and the officer would be removed from the existing posting. However, grade-20 officer of over 58 years of age is ... Read More »

Ayyan’s case adjourned till August 21

ISLAMABAD: Model Ayyan Ali’s currency smuggling case hearing has been adjourned till August 21 as the special judge of Customs Court was on leave. As per details, accused model appeared in the court to attend the hearing but the Judge Rana Aftab could not attend the court. However, Ayyan was presented before the Judge Sabir Hussain of Banking Court who ... Read More »

ASF foils bid to smuggle foreign currency

ISLAMABAD: Anti-Smuggling Force has foiled an attempt to smuggle currency to Doha at Benazir Bhutto International Airport Islamabad and arrested the accused on the spot. According to details, Model Customs Collectorate’s Anti-Smuggling Force has recovered foreign currency, including 500,000 US dollars, 1550 Canadian dollars, 260 Thai bhat and Rs 5000 Indian currency from Ijaz Baig son of Riaz Baig on Benazir ... Read More »

Excise Rawalpindi to generate computerised property tax bills

ISLAMABAD: The Excise and Taxation Department Rawalpindi has started a pilot project of computerized billing for property tax for the current fiscal year 2015-16. Sources told Customs Today that office of this project is established in Satellite Town Rawalpindi. According to sources, the computerized billing of property tax will be sent in three circles during the first step of this project ... Read More »

FBR extends powers of Maritime Security, Coast Guards

ISLAMABAD: The Federal Board of Revenue (FBR) has extended the powers Pakistan Coast Guards, Maritime Security Agency, Frontier Corps and Pakistan Ranger in FATA for one year. However, they will  not be authorized to harass the people, making hurdles in imports and exports and also not be authorized to search the goods after clearance in the Customs area. According to ... Read More »

ANF foils bid to smuggle heroin to Bahrain at Islamabad airport

ISLAMABAD: The Anti-Narcotic Force has foiled an attempt to smuggle heroin to Bahrain from Benazir Bhutto International Airport Islamabad and arrested the accused on the spot. Sources told Customs Today that the Anti-Narcotic Force has recovered one kilogram white heroin from accused Sanaul Haq who is a resident of Swabi. During the checking of his luggage at the airport, the ... Read More »

Token tax concession to end on July 31 in Rawalpindi

ISLAMABAD: Only nine days are left in 10 percent concession rate of token tax announced by the Motor Branch of the Excise and Taxation Department Rawalpindi. According to details, the Motor Branch had announced 10 percent concession on token tax till July 31 2015. Now only 9 days are left in ending this scheme. After July 31, 2015 the vehicles ... Read More »

SC to hear 150 mega corruption cases today

ISLAMABAD: The Supreme Court of Pakistan will heard 150 mega corruption scandals today (July 23) which have been referred by National Accountability Bureau (NAB). According to the details, a two-member bench of the Supreme Court of Pakistan headed by Justice Jawad S. Khawaja will hear the cases. It is important to mention here that the National Accountability Bureau (NAB) had ... Read More »