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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

US govt launches US-Pakistan Partnership for Access to Credit program

ISLAMABAD: The two-day 3rd Pak-US Business Opportunities Conference concluded here with reiteration of firm resolve by the US businessmen and delegates to come up with investment plans in Pakistan.  The visiting US businessmen were highly impressed by the briefings given by the concerned Pakistani officials about investment, privatization, tax and other policies, therefore they expressed their commitment to step forward ... Read More »

Dastgir to highlight achievements of Pak-US Business Opportunities Conference today

ISLAMABAD: Federal Minister for Commerce, Engr. Khurram Dastgir Khan will highlight achievements and milestones achieved in two-day 3rd Pak-US Business Opportunities Conference here today (Thursday). “In a post conference news conference here at Ministry of Commerce (MoC), Dastgir will play up efforts carried out by ministry as well as pay tribute to concerned officials for working day and night to make ... Read More »

List of garde-21 FBR officers who will retire this year

ISLAMABAD: The officers of garde-21 from the Customs group and Income tax group of the Federal Board of Revenue (FBR) will be retired this year after completing their tenure of job. The officers include Members, Chief Commissioners, Chief Collectors and Director Generals. According to the seniority list, The officers of grade-21 of Income tax group (Inland Revenue) that include Member ... Read More »

Collector Zeba suspends constable in bribery case

ISLAMABAD: Customs Collector Zeba Hai has suspended a customs constable for his alleged involvement in a bribery case. According to sources, constable Mian Khan was suspended after it came to the knowledge of customs officials that he had asked for money from foreigners to clear their luggage. Later on, it was found that the foreigners were relatives of the Motorways ... Read More »

Islamabad customs likely to sell seized products to CSD

ISLAMABAD: The Model Customs Collectorate (MCC) has decided to sell all the products that have not been auctioned. The products include cosmetics, imported cloth and other items. Deputy Collector Yawar Nawaz has prepared a proposal in this regard, which will now be presented to the Federal Board of Revenue (FBR). According to the proposal, the products seized by the Pakistan ... Read More »

Lutfullah Virk orders stern action against corrupt officials

ISLAMABAD: Customs Intelligence and Investigation Director General Lutfullah Virk has given directions to all directorates of the Customs Intelligence to take stern action against corrupt officials. He ordered them to forward the names of officials who are involved in corruption so that they could be transferred to the headquarters. The DG took immediate action against corrupt officials and ordered the ... Read More »

Seven Customs officers of BS 19-20 transferred

ISLAMABAD: Federal Board of Revenue (FBR) has transferred/posted seven Pakistan Customs Service officers of BS 19-20 with immediate effect. According to the notification, the officers who are drawing performance allowance prior to issuance of this notification will continue to draw this allowance on the new place of posting. The officer have also been directed to relinquish/assume charge, using online HRMS ... Read More »

Companies in Special Economic Zones enjoy special tax privileges: FBR chief Bajwa

ISLAMABAD: Chairman Federal Board of Revenue, Tariq Bajwa, Tuesday, said that machinery import was tax free for mineral sector, coal mining, and energy as well as infrastructure development at Gawadar Port.  While speaking at panel discussion session of the 3rd Pak-US Business Opportunities Conference here, the FBR Chairman said that Pakistan offered lucrative and profitable business activities in the several ... Read More »

NA Commerce Committee recommends arrangements for renting out vacant properties of insurance companies

ISLAMABAD: While reviewing the yearly performance of three major state owned insurance companies, the National Assembly the Standing \Committee on Commerce, Tuesday, expressed displeasure over the vacant lying properties of these organizations.  Insurance sector is regulated under the Insurance Ordinance 2000. In last few years, it has transformed into a developing and fast growing market that is generally divided into ... Read More »

Senate Finance Committee to present report on ‘The Securities Bill, 2015’ in House today

ISLAMABAD: The Senate Standing Committee on Finance and Revenue will submit its final report on the Bill to amend and consolidate law for the regulation of the securities industry and the protection of investors (The Securities Bill, 2015) today (Wednesday).  The committee unanimously adopted the said bill in its meeting held on last week, March 04. The new approved law would strengthen ... Read More »

Collector Zeba Hai suspends customs officials for corruption

ISLAMABAD: Model Customs Collectorate Collector Zeba Hai Azhar has suspended the entire on-duty shift, including Customs Head Constable Hasan Raza, of the Benazir Bhutto International Airport Islamabad on the charges of asking for bribery from a British citizen, who captured the video and later posted it on the social media. The suspended officials include Superintendent Naeem Anwar, Deputy Superintendent Muhammad Fiaz ... Read More »

Universal Gateway willing to pay Rs 176 million tax

ISLAMABAD: Universal Gateway Company that was involved in tax evasion of Rs 176 million is reportedly ready to pay the evaded amount. However, the company did not forward a written application in this regard. The Customs Intelligence and Investigation had asked Universal Gateway to submit a written application to the Customs Adjudication regarding payment of tax. The Customs Intelligence also ... Read More »

Experts urge international investors to benefit from Pak investment opportunities

ISLAMABAD: March 10: While highlighting the investment friendly environment and polities in Pakistan , the Minister for Commerce, Minister for Finance, the US Secretary of Commerce and experts, Tuesday, urged the international investors to benefit from the enormous investment opportunities of Pakistan . Mentioning the historical economic cooperation between Pakistan and the US , experts observed that both countries had ... Read More »

Bajwa to participate in panel discussion of 3rd Pak-US Business Opportunities’ Conference today

ISLAMABAD: Chairman Federal Board of Revenue (FBR) will participate in panel discussion under the auspices of the two day 3rd Pak-US Business Opportunities’ Conference today (Tuesday). According to agenda for the said conference, after the inauguration of the conference Minister for Commerce Engr. Khurram Dastgir Khan will deliver the welcome address, followed by key note address by the US Official as ... Read More »

FBR chief Bajwa stresses improvement of Customs network to increase revenue collection

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Tariq Bajwa has stressed on improvement of Customs network to enhance revenue collection from Customs department.  “In his interaction with senior FBR official after arriving back from two day visit to Karachi, Bajwa expressed his dissatisfaction over their performance of Sales and Income Tax offices located in Karachi” a well placed source at ... Read More »

Two-day 3rd Pak-US conference forces NA Commerce Committee to change schedule

ISLAMABAD: The National Assembly Standing Committee on Commerce, Monday, changing the agenda for meeting due to two-day 3rd Pak-US Business Opportunities Conference, took up agenda set for Tuesday’s meeting.  “Committee had to change its agenda at the eleventh hour due to engagements of required high officials of State Life Insurance Corporation Limited (SLIC), National Insurance Company Limited (NICL) and Pakistan Re-insurance ... Read More »

Third Pak-US Business Opportunities’ Conference today

ISLAMABAD: Minister for Commerce Khurram Dastgir Khan, Finance Minister Ishaq Dar and a key official from the US embassy are going to inaugurate a two-day “3rd Pak-US Business Opportunities’ Conference” today (Tuesday). The conference is being organised under the auspices of the Ministry of Commerce (MoC) and objective of the conference is to promote business-to-business interaction between two countries. “Although ... Read More »

SC issues notices in TCS and Smart Zone case

ISLAMABAD: The Supreme Court of Pakistan has issued notices in TCS and Smart Zone case. The notices have been issued against the acceptance of bail of TCS Regional Manager Logistic Ghazanfar Gul and Smart Zone Company CEO Shakirullah. The CEO of TCS has not been made party in the case as he got bail from customs special court. The interesting ... Read More »

Finance Ministry releases Rs 4.75 billion to EDF for exports’ promotion

ISLAMABAD: A huge amount of Rs 4.75 billion was released to the Export Development Fund (EDF) during the last five years to carry out efforts and activities to promote local industry and enhance exports to other countries. “The Ministry of Finance collected Rs 25.08 billion in the last five years,” a well-placed source at the Finance Ministry told this scribe, ... Read More »

NA Commerce Committee to review performance of leading insurance companies today

ISLAMABAD: The National Assembly Standing Committee on Commerce will review the yearly performance of three major state owned insurance companies today (Monday).  “In this regard an important of thee committee is scheduled to be held in Conference Room and as per agenda of the meeting the committee will review yearly performance of the State Life Insurance Corporation Limited (SLIC)” a ... Read More »