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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

ANF recovers 240kg heroin, 0.5 kg cocaine, 42.2kg charas worth Rs 1.639b

ISLAMABAD: The Anti-Narcotics Force (ANF) has recovered 240 kg heroin, 0.5 kg cocaine and 42.2 kg charas worth Rs 1.639 billion in international market, arresting six drug traffickers including a lady smuggler. ANF conducted five operations in various cities including Rawalpindi, Peshawar, Lahore and Karachi.  According to details, ANF Karachi on pursuance of an intelligence report, raided a rice godown ... Read More »

NAB forms committee on FBR to combat corrupt practices

ISLAMABAD: National Accountability Bureau (NAB) has constituted a Prevention Committee on Federal Bureau of Revenue (FBR) to identify loopholes in taxation rules and regulations and procedures of Bureau. As per directives of Chairman NAB, Qamar Zaman Chaudhry, the Committee has been formed under Chairmanship of Deputy Chairman NAB and would recommend measures to plug heavy leakages caused through corrupt practices. ... Read More »

Three Commissioners-IR reshuffled

ISLAMABAD: Three Inland Revenue Service officers of BS-20 have assumed the charge of posts of Commissioners in their respective areas. Nausheen Javaid Amjad assumed the charge of the post of Commissioner-IR (Zone-III), Large Taxpayers Unit, Karachi after relinquishing the charge of the post of Commissioner-IR (Zone-I), LTU, Karachi. Dr Muhammad Ali Khan assumed the charge of the post of Commissioner-IR ... Read More »

Four Customs officers of BS-19 assume charge of different posts

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications of charge relinquishment/assumption of different posts by the Pakistan Customs Service officers of BS-19. Muhammad Junaid Jalil Khan has assumed the charge of the post of Additional Collector, Model customs Collectorate (MCC), Peshawar after relinquishing the charge of the post of Secretary (Management), Federal Board of Revenue (HQ), Islamabad. Zulfiqar Younus ... Read More »

Senate elections: FBR to complete scrutiny of 52 candidates today

ISLAMABAD: The Federal Board of Revenue (FBR) is likely to complete the process of scrutiny for 52 seats of the Upper House of the Parliament (on Feb 18) today. Three-member staff at a special cell headed by Special Assistant to Chairman Dr. Muhammad Iqbal is working round the clock to furnish the required record for the Election Commission of Pakistan ... Read More »

Islamabad: FBR to launch tax awareness campaign

ISLAMABAD: The Facilitation and Taxpayers Education (FATE) Department of the Federal Board of Revenue (FBR) will start an awareness campaign to aware people about the importance of income tax. Member FATE Riffat Shaheen told Customs Today that the awareness campaign will be started at the end of this month. The teams will go to the schools and colleges across the ... Read More »

FBR issues notice to Wapda for payment of Rs 6 billion GST

ISLAMABAD: The Federal Board of Revenue (FBR) has issued notice to Wapda for non-payment of General Sales Tax (GST). The FBR has warned that accounts of Wapda will be seized if it fails to pay GST. Furthermore, if GST is not paid in time it could result in imposition of a fine. According to the FBR sources, higher authorities of ... Read More »

DG audit to meet FBR chairman today

ISLAMABAD: Director General Internal Audit Sajjad Haider Cheema will meet Chairman Federal Board of Revenue (FBR) Tariq Bajwa today. The director general audit will brief the FBR chairman on important issues regarding audit. Read More »

Dar asks SECP to take strict action against black sheep in stock market

ISLAMABAD: Federal Minister for Finance, Revenue and Statistics Senator Muhammad Ishaq Dar has emphatically asked the Securities and Exchange Commission of Pakistan (SECP) to adopt policy of zero tolerance against insider trading and set example by identifying and penalizing black sheep in stock market so that it serves as deterrence and the menace is curbed. He said that incidents of ... Read More »

NA body on Ports and Shipping will meet on Feb 27 to discuss problems faced by Karachi Port Trust

ISLAMABAD: Meeting of National Assembly’s Standing Committee for Ports and Shipping will be held on February, 27 at Karachi Port Trust Headquarters’ conference room.  Meeting will start at 12 pm and issues, problems faced by Karachi Port Trust will be discussed in meeting. Federal Minister for Ports and Shipping, Chairman Standing Committee Ghulam Mustafa Shah will preside the meeting. Makhdoom ... Read More »

14 Customs officers made Deputy Collectors

ISLAMABAD: Fourteen Pakistan Customs Service officers 18 have assumed charge as Deputy Collector on their promotion to BS-18 on temporary basis against DTL vacancies with effect from the dates mentioned against each: Read More »

Shad Muhammad assumes charge as Chief WHT

ISLAMABAD: Shad Muhammad, an Inland Revenue Service officer (IRS) of BS-20, has assumed the charge of the post of Chief (WHT), (IR Operations Wing), Federal Board of Revenue (HQ), Islamabad. Meanwhile, Israr Ahmed Cheema assumed the charge of the post of the Deputy Commissioner-IR (BS-17), Regional Tax Office, Lahore, after relinquishing the charge of the post of the Deputy Commissioner-IR, ... Read More »

30 projects to cost Rs114b: Finance Ministry allocates Rs11.3b for Gwadar Port, other projects

ISLAMABAD: The Finance Ministry has allocated an amount of Rs 11.3 billion for 30 projects costing Rs 114 billion in and around the coastal areas as well as Gwadar Port, Balochistan.  “To honor the commitment of the Federal Government for socio-economic development of Baluchistan in particular the up-gradation of Gwadar as an integral part of China Pak Economic Corridor, the ... Read More »

Eight sectors dominate national imports, exports

ISLAMABAD: Eight sectors dominated Pakistan’s trade in previous fiscal year as well as in the current fiscal year of 2014-15. These sectors include petroleum and textile groups in the export section while six sectors including food, machinery, transport, textile, chemical and metal group dominated Pakistani imports. Exports of the petroleum group increased to $ 641 million in a period spanning ... Read More »

Finance Ministry denies receiving complaints about inbuilt technical flaws in e-filing System

ISLAMABAD: Despite a lot of hue and cry over the ‘inbuilt technical flaws’ in the e-filing System under Integrated Risk Information System (IRIS) of the Federal Board of Revenue (FBR), the Finance Ministry firmly declares that it has not received any complaint against the system from stakeholders. “No shortcomings have yet been pointed out in the system from the stakeholders, ... Read More »

Ministry of Commerce introduces ‘Import Policy Order’ to protect local industry

ISLAMABAD: With a commitment to safeguard the interests of domestic industry against the influx of imported goods, the Ministry of Commerce (MoC) has introduced numerous measures in the form of regulatory amendments through “Import Policy Order”. “These measures and amendments have been finalized after detailed and lengthy consultations with all the stakeholders” a source at MoC told this scribe here ... Read More »

Customs seizes $26,000, other foreign currency from Thai woman at Islamabad Airport

ISLAMABAD: Iram M Amir, the additional collector of Islamabad Model Customs Collectorate, has ordered the officials concerned to seize the foreign currency, which was recovered from a Thai woman, Oraphan Kanma, at the Islamabad Airport. The foreign currency included $26,000, £100, €10 and 6,480 Thai baht. The woman had concealed the money in her coat. The additional collector ordered the ... Read More »

Islamabad Customs relegates inspectors recruited on sports basis

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has decided to relegate those customs inspectors who were recruited on the basis of sports. The hockey team of Model Customs Collectorate has won three gold medals but the players said that their services had been ignored. They have challanged the decision in the Islamabad High Court. The decision about the managers named as ... Read More »

Collector Zeba Hai hands over pending cases to ADC Abdul Waheed Marwat

ISLAMABAD: Model Customs Collectorate (MCC) has decided to constitute a committee for the pending reward cases. Collector Zeba Hai has handed over the pending cases to Model Customs Collectorate Additional Collector Abdul Waheed Marwat. It has been decided to constitute a committee and Deputy Collector Yawar Nawaz will assist Additional Collector Abdul Waheed to distribute reward money. At least 33 ... Read More »

Installation of 3 scanners at KP, PQ: Dr Zubair designated as Project Director

ISLAMABAD: Dr Muhammad Zubair has been designated as Project Director for FBR’s Project titled “Project for Security Improvement in Karachi Port and Port Qasim for Installation of Three Fixed and One Mobile Scanners by JICA”. The officer, (PCS/BS-19) presently posted as Chief (International Customs) (OPS), Federal Board of Revenue (HQ), Islamabad, has been given new designation in addition to his ... Read More »