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Islamabad

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

ASO seizes goods worth Rs416m during 1Q of 2019-20

ISLAMABAD: Customs Preventive will continue anti-smuggling drive against smugglers and tax evaders under directions of Collector Customs Seema Raza Bokhari. Assistant Collector ASO Fahad Khan told Customs Today that ASO Islamabad showed growth of 207 percent during first quarter (July to September) FY 2019-20 against the same corresponding period, adding that Customs ASO Islamabad adopted new technology to curb smuggling ... Read More »

ECC directs to resolve issue of outstanding payments of Port Qasim Authority

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet has given a go-ahead for release of 650,000 tonnes of wheat from PASSCO stocks to the provincial governments of Khyber Pakhtunkhwa (KP), Sindh and Balochistan to ease out the demand and supply equilibrium in the local market. Taking up other agenda items, the ECC also considered two separate proposals submitted by the ... Read More »

Pak envoy to UN Munir Akram calls on APM Hafeez Shaikh

ISLAMABAD: Pakistan Ambassador to United Nations Munir Akram held a meeting with Prime Minister’s Advisor on Revenue and Finance Dr. Abdul Hafeez Shaikh. During the meeting with Munir Akram, APM Hafeez Shaikh apprised him about the economic measures taken by current government for strengthening Pakistan’s economy and its positive results which are bearing fruit. He told that during first quarter ... Read More »

FBR issues alert as smuggled vehicles may take advantage of political march

ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued alert that some unscrupulous persons may transport smuggled vehicles taking advantage of rally stage by a political party. The FBR in a statement directed field formation of Pakistan Customs to remain vigilant as the revenue body had received information that some unscrupulous elements would take advantage of ongoing march by JUI-F ... Read More »

Pakistan implementing IMF programme in letter & spirit: APM Abdul Hafeez Shaikh

ISLAMABAD: Adviser to Prime Minister on Finance & Revenue Dr. Abdul Hafeez Shaikh has said the government is focused on implementation of the IMF programme. “The containment of current and fiscal deficits and stabilisation of exchange rate are indicative of the success of government efforts to put the economy on the long-term growth track,” he said while talking to the ... Read More »

APM Hafeez Shaikh directs to clear refund claims of textile exporters

ISLAMABAD: A delegation of textile exporters held a meeting with Prime Minister’s Adviser on Revenue and Finance Dr. Abdul Hafeez Shaikh here today. During the meeting Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood, Federal Board of Revenue (FBR) Chairman Shabbar Zaidi and Secretary Finance Naveed Kamran Baloch and Special Secretary Finance Umer Hameed Khan were also ... Read More »

FBR prohibits its officials from personal interaction with businessmen

ISLAMABAD: In order to build confidence level of taxpayers, the Federal Board of Revenue on Monday prohibited its official from personal interaction with businessmen. In a communiqué, FBR chairman Shabbar Zaidi directed that no official of the tax collecting body will contact with any taxpayer or businessman in any form except when legally authorized to do so. This policy will ... Read More »

IHC suspends Nawaz Sharif’s sentence for eight weeks in Al-Azizia case

ISLAMABAD: The Islamabad High Court (IHC) announced its verdict on Tuesday, granting bail to former prime minister Nawaz Sharif in the Al-Azizia reference on medical grounds. The IHC was hearing a plea seeking the suspension of former prime minister Nawaz Sharif’s sentence in the corruption reference. The court announced its verdict, granting bail to former prime minister Nawaz for eight ... Read More »

FBR starts attaching alleged benami properties

ISLAMABAD: The Federal Board of Revenue (FBR) provisionally attached hundreds of millions of rupees’ worth of alleged benami properties on suspicion that the real owners are political persons who have kept the assets in the names of other people. The Benami Transactions Prohibition Zone-I Islamabad has provisionally attached 3,141 kanals of land located in six jurisdictions of Rawalpindi Division, according ... Read More »

Hammad Azhar hopeful for further improvement in ease of doing business ranking

ISLAMABAD: Federal Minister for Economic Affairs, Hammad Azhar taking to the social networking platform Twitter expressed resolve to further improve Pakistan’s ranking on the ease of doing business index. Azhar in a tweet revealed how Pakistan had suffered a steep fall during the previous government’s tenure falling 26 ranks on the index. The tweet read: “During PMLN’s 5 years, Pakistan’s ... Read More »

FBR not to interact with traders via personal visits, phone calls: Shabbar Zaidi

ISLAMABAD: In a step to ensure transparency, Federal Board of Revenue (FBR) Chairman Shabbar Zaidi announced that the tax officials will be barred from personal interaction with businessmen, according to media. Taking to the social networking website, Twitter, Shabbar Zaidi said that FBR will not interact with businessmen through personal visits, telephone calls, cell phone messages or emails. Automated system ... Read More »

FBR transfers 78 BS17-20 officers of IRS

ISLAMABAD: Federal Board of Revenue (FBR) in major reshuffle iand transferred 78 officials of BS-17 to BS-20 with immediate effect and until further orders. Details are as under:- Sahibzada Abdul Mateen (Inland Revenue Service/BS-20) has been transferred and posted as Commissioner Inland Revenue (Zone-IV) Large Taxpayers Unit-II, Karachi from the post of Commissioner, (IP/TFD/HRM) Large Taxpayers Unit, Karachi. Zahoor Ahmad ... Read More »

Tax returns per year rise by 127pc: FBR chairman

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi tweeted on Friday that the tax returns per day had risen by 127 percent compared to last year. According to the FBR’s records, the number of tax returns filed this year also increased. Tax returns filed so far (till October 25) stand at 918,027. Tax returns filed in the same period ... Read More »

Arif Habib, M.A. Tabba shows interest in taking over Reko Diq

ISLAMABAD: Pakistan’s top business tycoons have offered to take over the disputed copper and gold deposit that was once explored by international firms Barrick Gold Corp and Antofagasta Plc, according to people familiar with the matter. Officials of the Balochistan government are said to have met with a consortium of four business groups, including tycoons Arif Habib and Muhammad Ali ... Read More »

IMF mission to arrive in Pakistan tomorrow

ISLAMABAD: An International Monetary Fund (IMF) mission will arrive in Pakistan on Sunday (tomorrow) to inspect economical plans made under the extended loan programme citing sources, according to media. Finance Ministry sources said that the IMF mission will begin its visit from October 28 which would be headed by Ernesto Ramirez Rigo. The delegation is arriving in Pakistan to review ... Read More »

FBR indicates relaxing CNIC condition for all buyers

ISLAMABAD: The Federal Board of Revenue (FBR) chairman Shabbar Zaidi on Friday announced that the authorities will further relax the condition of CNIC number under the sales tax act which declared the misreporting of the national identity number and national tax number (NTN) as a punishable offence, according to media. Shabbar Zaidi, while addressing a press conference, said that the ... Read More »

FBR nominates 22 PCS officers of BS-18 for mandatory training course

ISLAMABAD: Federal Board of Revenue (FBR) on Friday nominated 22 officers of BS-18 Pakistan Customs Service (PCS) for training course, which is mandatory for promotion to next scale. The FBR nominated the officers for 29th Mid Career Management Course (MCMC) that is commencing from February 03, 2020 to May 08, 2020 at National Institute of Management (NIM), Lahore, Karachi, Peshawar ... Read More »

FBR transfers 16 inspectors of BS-16 with immediate effect

ISLAMABAD: Federal Board of Revenue (FBR) issued notification for transfer and posting of following inspectors of BS-16 of Pakistan Customs Service (PCS) with immediate effect and until further orders:- Details are as under: Inspector Safdar Abbas is transferred from Appraisement Lahore and posted at Collectorate of Customs Sialkot. Inspector Muhammad Naeem Azhar is transferred from Appraisement Lahore and posted at ... Read More »

ASO recovers non-duty paid goods worth R120m from three godowns in Rawalpindi

ISLAMABAD: Customs Anti-Smuggling Organization (ASO) Assistant Collector Rao Fahad Iqbal said that Customs squad of Islamabad with assistance of Rawalpindi Police launched a huge crackdown on three godowns located at Gangmandi Rawalpindi and seized huge quantity of goods worth Rs120 million. Talking with Customs Today, he said that that secret information was forwarded by the Collector Seema Raza Bokhari that ... Read More »

Japanese envoy calls on Hammad Azhar to discuss bilateral economic cooperation

ISLAMABAD: Ambassador of Japan Kuninori Matsuda called on the Federal Minister for Economic Affairs Muhammad Hammad Azhar in Economic Affairs Division. During the meeting, matters relating to bilateral economic cooperation, trade, investment and transfer of technology were discussed. Secretary, EAD Noor Ahmed was also present during the meeting. Minister for Economic Affairs appreciated technical and financial assistance being extended by ... Read More »