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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Punjab govt decided to impose professional tax in fiscal year 2015-16

LAHORE: Government of Punjab give acceptance to imposition of provisional tax for coming financial year 2015-16, professional tax will be excide from Rs 100,000 to Rs 500,000 annually. As per details, on the order of Chief Minister Punjab Shahbaz Sharif provincial finance ministry formed a committee and committee gave acceptance for professional taxes. Punjab government wrote letter for amendment in ... Read More »

Lahore Excise starts operation against property tax defaulters

LAHORE: Taking action on the directives of Excise DG Ahmad Aziz Tarar, the teams of the Excise Department started a massive operation against property and luxury tax defaulters in Region-B of Lahore under the supervision of Excise Director Akram Ashraf Gondal. During the operation, the excise teams sealed a large number of properties, including Engine Oil Factory, Kashif Oil Change ... Read More »

Dar says no plans to levy tax on inward home remittances

ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar stated that there were no plans under consideration to levy any kind of tax on inward home remittances. Home remittance was a very stable source of foreign exchange flows into the country; and represented the hard work of millions of Pakistanis living overseas and their commitment for the development of Pakistan; he stated ... Read More »

Peshawar ANF recovers huge quantity of drugs, arrests 5  

PESHAWAR: The Anti-Narcotics Force (ANF) Peshawar arrested five smugglers and recovered 517 kilogram of charas and 44.4 kilograms of heroine from their possession on Wednesday. According to Public Relations Officer of ANF  Saeed Ahmad, the first crackdown was launched in Peshawar City where an ANF team raided a suspected premises situated near Dastagir Flour Mills Nasirpur Bus Stop GT Road, ... Read More »

Rawalpindi Customs Court’s new judge to hear case of Ayyan Ali

LAHORE: Rana Aftab Ahmad Khan will assume the charge of the new judge of Special Court of Customs Taxation and Anti-Smuggling on May 25 and the first case he will hear will be of Ayyan Ali’s money laundering. Rana Aftab Ahmad – who was working in Samundri, Faisalabad, as additional session judge – will hear the bail plea of Ayyan ... Read More »

Karachi RTO-I collects Rs 121.24 billion as tax until May 15

KARACHI: The Federal Board of Revenue (FBR) Regional Tax Office-I (RTO-I) has collected Rs 121.24 billion in the form of direct and indirect taxes until May 15 of the current fiscal year 2014-15. According to details, the Regional Tax Office-I has collected Rs 17 million under the head of sales tax during the period. Similarly, a sum of Rs 49 ... Read More »

K-Electric, FIA join hands to control electricity theft

KARACHI: K-Electric and FIA officials meet to discuss the campaign against electricity theft. Sindh FIA Director Shahid Hayat Khan, Additional Director FIA / Head EGOAU Karachi Javed Akbar Riaz, K-Electric’s CEO Tayyab Tareen, Chief Distribution Officer Syed Muhammad Taha and Chief of Security Wahid Asghar were also present in the meeting. Details and progress related to electricity anti-theft campaign (Operation ... Read More »

Corruption charges against PA: Tariq Bajwa, Nisar Khan, Surriya Butt take notice

KARACHI: After Customs Today highlighted the problems of importers, Chairman FBR Tariq Bajwa, Member Customs Nisar Muhammad Khan and Collector Port Qasim Surriya Ahmad Butt took notice of importers’ plight in assessment process at Port Qasim. They also warned the authorities concerned of MCC-Port Qasim that disciplinary action would be taken against those Customs officials found involved in corruption and ... Read More »

$0.5m smuggling case: Ayyan’s judicial remand extended till May 8

ISLAMABAD: A Rawalpindi court Tuesday further extended the remand of supermodel Ayyan Ali till May 8. The model, accused of smuggling $0.5 million, attended proceedings of the case. However, due to incomplete submission of the case’s challan, the court ordered that a complete challan be submitted. Although used to be known as supermodel before her detention after allegedly money laundering, ... Read More »

Importers in the line of fire: PA, Appraiser hamper assessment process at Port Qasim

KARACHI: The importers and their representatives are now in the line of fire during the process of assessment by the Customs authorities especially Principal Appraiser Tariq Aziz and Appraiser Zubair at MCC-Port Qasim. The importers informed Customs Today that the corruption is rampant at Model Customs Collectorate (MCC) Port Qasim in the process of assessment. According to confirmed information given by some ... Read More »

Proposals for upcoming 7th IMF review, ADB meeting finalised

ISLAMABAD: Besides the budget making process, the Finance Ministry has also finalised the briefs of proposals for upcoming negotiations with prestigious international financial institutions. Two mega events of international importance are going to be held in the first week of next month. International Monetary Fund would start 7th Review of programme for Pakistan in the first week of May in ... Read More »

Excise seals 164 buildings in Rawalpindi over non-payment of property tax

RAWALPINDI: The Excise and Taxation Department has sealed 164 commercial and residential properties during the last two days over non-payment of property tax. According to a spokesman for the Excise and Taxation Department, the city has been divided into four sectors and special squads comprising 23 inspectors under the supervision of Excise and Taxation Officer (ETO) Riaz Qureshi are conducting ... Read More »

Legal, departmental action will be taken against corrupt officials: FBR

ISLAMABAD: Federal Board of Revenue (FBR) spokesperson Shahid Asad has said that the bureau will not terminate a specific number of people through any programme, but officials involved in corruption will not be spared at any cost. Talking exclusively to Customs Today, Shahid said that officers involved in corruption will have to face consequences under the legal and departmental rules. ... Read More »

Internal Audit-Customs finalises report of gold scam worth Rs 250-300b, vows to make it public

KARACHI: The Directorate General of Internal Audit-Customs has finalized its report on gold smuggling scam. The sources informed Customs Today that the authorities concerned of Internal Audit-Customs have prepared a comprehensive report of massive gold scam amounting to Rs 250-300 billion. The sources further informed that the authorities concerned of Internal Audit-Customs have informed the high authorities of Federal Board ... Read More »

Customs Internal Audit awaits response on Rs 640m audit paras sent to field formation collectorates

KARACHI: The Directorate General of Internal Audit-Customs has detected and sent audit paras amounting to Rs 240 million – in addition to audit paras amounting to Rs 400 million already sent – in connection with the short revenue collection in terms of Free Trade Agreement (FTA) and Preferential Trade Agreement (PTA) certificate issuance by the field formation collectorates. Sources confirmed ... Read More »

ANF seizes heroin worth Rs 15m, arrests two drug smugglers

LAHORE: The Anti-Narcotics Force (ANF) claimed to have arrested two accused at the Allama Iqbal International Airport for attempting to smuggle a huge quantity of heroin to Uganda. According to an ANF official, accused Muhammad Islam and Nazim Ali were checked at the airport by ANF officials. During checking of their luggage, ANF found 1.5kg heroin hidden in boxes of betel nut (chalia). ... Read More »

FBR decides to bring “professionals” into tax net

KARACHI: The Federal Board of Revenue (FBR) has decided to bring “professionals” into tax net and punitive measures are being taken by the board in this regard. Well informed sources told Customs Today that the FBR concerned authorities are making plans to extend the tax net by bringing professionals including doctors, educationists, lawyers, engineers and others into tax net. They ... Read More »

WHT zone of RTO-II achieves 98% revenue target in 7 months

LAHORE: The withholding tax (WHT) zone of the Regional Tax Office-II (RTO-II) has achieved 98 percent of its target during the first seven months (July-January) of the current fiscal year 2014-15. Sources told Customs Today that the revenue target for the withholding tax zone was assigned by the RTO authorities rather than the FBR Headquarters. They said that the authorities ... Read More »

Lahore: Collector Preventive Mukarram to take additional charge of Appraisement

LAHORE: Collector Customs Lahore Preventive Mukarram Jah Ansari has been given additional charge of Collector Customs Lahore Appraisement. Sources told Customs Today that Collector Customs Preventive is given additional charge of MCC Appraisement as the Collector Customs Appraisement Muhammad Zahid Khokhar has gone on 40-day leave to perform religious obligations. The Additional Collector Customs Appraisement Mr.Irfan Wahid will be looking ... Read More »

Adjudication asks Customs Preventive to contact SHC to persue Shaheen Air International tax evasion case

KARACHI: The Collectorate of Customs Adjudication-I has asked the authorities concerned of Model Customs Collectorate MCC Preventive to contact Sindh High Court (SHC) in connection with the stay order taken by the Shaheen Air International (SAI) in tax evasion case amounting to Rs41,450 million in which the airline dismantled around 447arircratfs without the prior permission of Pakistan Customs. The sources ... Read More »