Friday , August 14 2020
Breaking News
Home / Islamabad (page 560)

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

Dy  Collector Kokab orders to seize smuggled spare parts

ISLAMABAD: Deputy collector Kokab Farooq while hearing a case No 24/2014 about smuggled spare parts of three Suzuki Pick Ups issued ONO   190/2014 and  gave his decision to seize them. He also ordered truck owners on which spare parts were loaded to deposit 20 percent amount out of total value of the truck and get the trucks released. In his ... Read More »

Income support levy results in high encashment from National Saving Schemes

ISLAMABAD: The Finance Ministry has said that income support levy announced in the Federal Budget for the fiscal 2013-14 resulted in higher encashment from the National Saving Schemes (NSS). “This levy discouraged the people from keeping their savings in NSS,” said an official source at Ministry of Finance while talking to this scribe here, adding that the withdrawal of the ... Read More »

Commerce Ministry takes President Ghani’s possible visit as good omen for bilateral trade

Delegation of over 30 Afghan businessmen is likely to accompany Ghani Pakistan has always welcomed Afghan president’s focus on strengthening trade ties which would favour both economies   ISLAMABAD: The Commerce Ministry eyes a robust increase in bilateral trade with Afghanistan as a result of upcoming visit of Afghan President Ashraf Ghani to Pakistan. Ghani is expected to visit Pakistan ... Read More »

ANF seizes 1.95 ton opium, 7.2kg charas, 1.8kg cocaine worth Rs3,897m

ISLAMABAD: Anti-Narcotics Force (ANF) has seized Rs3,897 million worth of drugs including 1.9 ton opium, 1.8kg cocaine and 7.2kg charas during four different operations in Islamabad, Attock, Rawalpindi and Pishin, and arrested seven alleged drug traffickers, besides confiscating two vehicles. An ANF Rawalpindi team during routine checking at Benazir Bhutto International Airport, Islamabad, detained a Filipino woman Emelita Escala Hernandez ... Read More »

FBR to address concerns of Afghan traders about customs procedures

  ISLAMABAD: The Federal Board of Revenue (FBR) is making preparations for responding to reservations of Afghan business community on customs related procedures adopted by FBR recently. These issues are very likely to be raised by Afghan authorities with Finance Minister and Chairman FBR at the sideline discussions to be held during upcoming visit of Afghan President Ashraf Ghani to ... Read More »

FBR autonomy remains distant dream

ISLAMABAD: The FBR has failed to achieve desired results due to unending political inference. Almost all governments be it current or the past had never been willing to grant administrative autonomy to FBR since they fear that FBR action against tax dodgers may cost them politically and economically. There are hundreds of factories, mills and restaurants which are collecting GST ... Read More »

Customs to hear Q-Mobile, PTCL, fabric cases today

KARACHI: Collector of the Collectorate of Customs Adjudication-I Dr Farid Iqbal Qureshi is going to conduct hearing of some high profile cases today. The cases include M/s Q-Mobile tax evasion, M/s PTCL tax evasion and six smuggled trucks of fabric. According to details, the M/s Q-Mobile tax evasion case was detected by the Collectorate of Customs MCC-Multan in which it observed ... Read More »

Adjudication Collector Seema seeks details of pending cases

ISLAMABAD: Model Customs Collectorate Adjudication Collector Seema Raza Bukhari has written a letter to the additional collector and deputy collector asking them for details of pending cases especially that of October. The purpose behind this is to adopt a reasonable strategy for the speedy solution of cases. The cases involving high amounts will be solved on a priority basis. Collector ... Read More »

Adjudication Collector Seema seeks details of pending cases

ISLAMABAD: Model Customs Collectorate Adjudication Collector Seema Raza Bukhari has written a letter to the additional collector and deputy collector asking them for details of pending cases especially that of October. The purpose behind this is to adopt a reasonable strategy for the speedy solution of cases. The cases involving high amounts will be solved on a priority basis. Collector ... Read More »

TCS, Smart Zone smuggling case: Collector Seema receives seizure, contravention reports

  ISLAMABAD: The Directorate General of Customs Intelligence and Investigation Rawalpindi has submitted seizure and contravention reports before Adjudication Collector Seema Raza Bukhari in the TCS and Smart Zone smuggling case. After getting the reports, the adjudication collector has issued show-cause notices to TCS and Smart Zone Company. They have been ordered to give their viewpoint in the court of ... Read More »

Customs officials call on Senate standing committee

  ISLAMABAD: Member of Federal Board of Revenue Muhammad Ashraf and Director General  Customs Intelligence and Investigation  Lattifullah Virk called on in the Senate standing committee and gave a briefing on tax refunds and Afghan transit trade. In the meeting, Virk also informed the committee about the seized Afghan consignments and method of their clearance.  On the other hand, the ... Read More »

Dar eyes 5.1% GDP growth: Inflation lowest in 17 months, FBR tax revenue up 13.1%

ISLAMABAD: Federal Finance Minister Ishaq boasted that inflation for October was the lowest over the past 17 months at 5.8pc, saying that the government was striving to take GDP growth rate to 5.1 percent from current 4.14 percent. The government, due to its better policies, has already raised GDP growth to 4.14 percent which also reflects the commitment to stablise ... Read More »

FBR braces for reply to address concerns of Japanese automobile companies

ISLAMABAD: In pursuance of the explanation sought by Finance Minister Ishaq Dar, the Federal Board of Revenue (FBR) is busy in preparing reply to the reservations expressed by the Japanese automobile companies. Japanese automobile companies have certain reservations regarding customs duties, withholding tax, refund and others and this time they used diplomatic channel to highlight their concerns and Japanese Ambassador ... Read More »

FBR transfers 13 IRS officers of Grade 17-19

ISLAMABAD: FBR has transferred and posted 13 IRS officers of Grade 17-19. Following officers are transferred: Read More »

FBR transfers 4 IRS officers of BS 19-21, Syed Ijaz Husain made Member Taxpayers Audit

ISLAMABAD: FBR has announced transfers/postings of four of Inland Revenue Service (BS-19-21). Following officers are transferred: Syed Ijaz Husain (Inland Revenue Service/BS-21) has been transferred from DG, Directorate General of Intelligence & Investigation (Inland Revenue), Islamabad and posted as Member (Taxpayers Audit) Federal Board of Revenue (Hq), Islamabad. Haroon Muhammad Khan Taren (Inland Revenue Service/BS-21) has been transferred from Member ... Read More »

FBR seeks nominations of IR officers for Senior Management Course

ISLAMABAD: Federal Board of Revenue (FBR) Establishment Division has sought nominations of BS-19 Officers of Inland Revenue Service for the forthcoming 17th Senior Management Course (SMC) at National Management College, Lahore and National Institute of Management, Karachi. According to a notification, FBR will arrange the nominations in order of seniority. The Board has requested the BS-19 officers of Inland Revenue ... Read More »

FBR to settle down low growth in provincial tax revenues

ISLAMABAD: The Federal Board of Revenue (FBR) has expectations that low growth in provincial tax revenues will settle down after witnessing an initial spurt following the devolution of sales tax collection. “The FBR was concerned over the low growth in provincial tax collection after rising substantially in the previous year, the pace of tax collection weakened in third quarter of ... Read More »

DC Kokab Farooq issues ONO in seizure case of black tea

ISLAMABAD: Deputy Collector Customs Adjudication Kokab Farooq has passed the order in original (ONO) No 217 of 2014 against Amanullah Khan r/o Upper Dir and Amjad r/o Charsadda, in the seizure case of foreign origin black tea. In the ONO, she released the 1,050 kg black tea against redemption fine of 30% of the customs appraised value in addition to ... Read More »

Finance Ministry ponders more taxes to curb tobacco use

Ishaq Dar-led ministry has sent proposal to Federal Board of Revenue (FBR) to increase taxes on tobacco products in Budget 2014-15    ISLAMABAD: The Finance Ministry proposed an increase in the excise duty by 23% and 13% on lower to upper slab of tobacco products respectively with an objective to curtail tobacco use. The ministry considered taxes as the single-most ... Read More »

Commerce Ministry finalising agenda for fifth session of Pakistan-Japan business dialogue

Japan-Pakistan Business Coordination Committee and Pakistan-Japan Business Forum are pursuing means to enhance bilateral trade   ISLAMABAD: The Commerce Ministry is finalising agenda for the upcoming fifth session of dialogue, Pakistan-Japan Government Business Dialogue, likely to be held in the federal capital. The 4th session was held in Tokyo in March 2012. “The dialogue will be held as a result of ... Read More »