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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

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 »

Syed Ghulam Abbas made Commissioner-IR (Audit)

ISLAMABAD: Syed Ghulam Abbas Kazmi, an Inland Revenue Service officer of BS-20, has assumed the charge of the post of Commissioner-IR (Audit), Large Taxpayers Unit, Islamabad. The officers, pursuing Board’s Notification No. 0360-IR-I/2015, relinquished the charge of the post of Commissioner-IR (Zone-III), Regional Tax Office, Islamabad on February 12, 2015. Meanwhile, Munir Ahmad Shahid, a BS-17 officer of Customs Ex-Cadre, ... Read More »

67 Inland Revenue officers of BS 18-20 reshuffled

ISLAMABAD: Federal Board of Revenue (FBR) has transferred/posted 67 Inland Revenue Service officers of BS 18-20 with immediate effect. According to the Board notification, the transferred officers who are drawing performance allowance prior to issuance of this notification will continue to draw this allowance on the new place of posting. All the officers have been directed to relinquish/assume charge, using ... Read More »

FBR issues explanation letters to over 40 habitual latecomers

ISLAMABAD: The Federal Board of Revenue (FBR) has started taking action against habitual latecomers and served explanation letters to over 40 latecomer officers and staff. Chairman Tariq Bajwa had directed all the concerned departments to submit attendance report of officers on weekly basis. Earlier, Chairman Bajwa had taken strong notice of irregularity of FBR officers and after due deliberations he ... Read More »

Pakistan, India to increase trading hours at Wagah Border

ISLAMABAD: Ministry of Commerce (MoC) will implement the proposal of increasing number of operational hours at Wagah land route for trade with consultation of India consultation. “Pakistan and India held a meeting in January last year at Indian capital, New Delhi and both sides reached an understanding on increasing working hours at Wagah with an objective of round the clock ... Read More »

FBR Chairman Bajwa for enhancing interaction with int’l tax-related organisations

ISLAMABAD: The Federal Board of Revenue (FBR) and representatives of London School of Economics held detailed discussions on development of four key areas at FBR. FBR Chairman Tariq Bajwa stressed over continuation and cementing interaction between FBR and international organizations working on tax, excise and other relevant areas. Research and policy directors of London School of Economics named as Adnan ... Read More »

Collector Zeba Hai suspends 8 customs officials in pig meat smuggling case

ISLAMABAD: Model Custosms Collectrate Collector Zeba Hai suspended on Thursday the team of eight officials of customs at Benazir Bhutto International Airport in pig meat smuggling case. The team consisted of two deputy superintendents, one superintendent and five inspectors. Public Relations Officer Inspector Saqib Shaikh was also suspended. The packing of boxes containing pig meat and alcohol was checked by Deputy ... Read More »

MoC takes measures to resolve issues of Insurance Policyholders of SLIC

ISLAMABAD: The Ministry of Commerce (MoC) is fully cognizant of difficulties being faced by claimants in getting claims from the Insurance Companies including State Life Insurance Corporation (SLIC), delay in the settlement of claims and demand of additional documents at the time of final settlement. The insurance sector was regulated under the Insurance Ordinance, 2000 and in last few years, ... Read More »

FBR issues fee recovery notice of Rs 30,000 to lawyer Mujeeb ur Rehman

ISLAMABAD: The Federal Board of Revenue (FBR) has issued a fee recovery notice of Rs 30,000 to a lawyer Mujeeb ur Rehman. Actually the case was given to Mujeeb ur Rehman Kiani but due to the resemblance in name, the fee was paid to another lawyer Mujeeb ur Rehman Warraich. Secondly, fee of the case was Rs 4000 but Rs ... Read More »

‘Finance Ministry taking measures to reduce commodity prices’

ISLAMABAD: The Finance Ministry has taken numerous measures to reduce the prices of consumer commodities in view of reduction in the oil prices. “National Price Monitoring Committee chaired by the Federal Finance Minister also monitors the prices and supply position of essential commodities in consultation with provincial governments and concerned Federal Ministries Divisions and organization on monthly basis” a well ... Read More »

KPT seeks NA body’s assistance in out of court settlement of land disputes

ISLAMABAD:  The Karachi Port Trust (KPT) has sought assistance from the National Assembly Standing Committee on Port and Shipping for resolution of sub-judice cases pertaining to ownership of land with the provincial government of Sindh. Therefore, the committee is likely to invite the Chief Secretary or Secretary Revenue Board Sindh to next meeting to be held on February 23 here” a ... Read More »

Customs seizes 139 smuggled smartphones, 8000 memory cards worth Rs5m

ISLAMABAD: Pakistan Customs seized 139 smartphones and tabs along with 8000 mobile memory cards worth Rs 5 million while intercepting a smuggling attempt by Raja Azam Shehzad. According to details, Pakistan Customs got information that a passenger in flight EK-614 coming from Dubai to Benazir Bhutto International Airport Islamabad is carrying huge amount of smartphones. Upon this information Deputy Collector ... Read More »

WCO awards certificate of excellence to DC Naveed-ur-Rehman

ISLAMABAD: World Customs Organization (WCO) has awarded Deputy Collector Customs Airport Naveed ur Rehman Bagvi with certificate of excellence. This certificate is awarded upon his actions against smuggling of narcotics. He intercepted 6 cases of heroin smuggling last year, in every case he confiscated 5 to 7 kg heroin worth millions of rupees. World Customs Organization has awarded this certificate ... Read More »

FBR expects additional Rs50b through new taxes for revised Rs2691b target

ISLAMABAD: Federal Board of Revenue has been expecting to collect additional Rs50b revenue through new tax measures to achieve the revised tax collection target of Rs2691 billion for fiscal year 2014-15. The FBR will collect Rs5 billion revenues through imposition of Regulatory Duty (RD) on furnace oil, during the remaining period (Feb-June) of the current fiscal year. The WHT rate ... Read More »

Customs officials seize 1300kg pig meat from Islamabad Airport

ISLAMABAD: Customs officials seized 1300kg meat of pig from Benazir Bhutto International Airport on Wednesday. A Chinese woman tried to smuggle meat from China to Pakistan and wanted to sell this meat in Pakistan to foreigners. The officials also arrested some local people in this regard. The officials passed information to the Chinese embassy. A woman was released on bail on ... Read More »