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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

Adjustment of increased GST reined in POL prices: FBR Chairman Tariq Bajwa

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa said that adjustment of increased general sales tax (GST) on the prices of petroleum products reined in the POL prices from the beginning of the current month. “Otherwise, POL prices might have hiked by Rs 12 per litre,” Bajwa said while responding to pinching questions raised by the members of the ... Read More »

Senate Finance Committee adopts Securities Bill 2015

Senate Committee to finalize discussion on Privatization Commission Amendment Bill 2014 today (Wednesday) ISLAMABAD: The Senate Standing Committee on Finance and Revenue, Tuesday, unanimously adopted the Securities Bill 2015 to consolidate law for the regulation of the securities industry and protection of investors. The new approved law would strengthen the regulator (SECP) to take action against malpractices in the securities ... Read More »

Collector Zeba reinstates customs officers after thorough probe

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad Collector Zeba Hai Azhar has reinstated seven out of eight shift officers of Pakistan Customs after they were proved innocent during the course of investigation against them. Earlier, the shift officers were suspended when a Chinese woman smuggled liquor and pork into Pakistan. The shift staff included eight customs officers, including Public Relations Officer ... Read More »

FIA issues notices to 90 allegedly corrupt customs officers of Lahore RTO

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to take the help of the Federal Investigation Agency (FIA) in taking action against corrupt officers up to the rank of BS-16. According to sources, FIA Assistant Director Asif has issued notices to 90 employees of Regional Tax Office (RTO) and Model of Customs Collectorate, Lahore, for their alleged involvement in ... Read More »

FBR to verify motives behind delay in transfer of customs superintendents

ISLAMABAD: Orders of transfer of two superintendents issued by the Federal Board of Revenue (FBR) have not yet been implemented even after a lapse of three months. According to sources in the FBR, the board issued transfer orders of two superintendents, Javed Rao and Ishaq Kayani, of the Model of Customs Collectorate (MCC) Islamabad. The MCC Islamabad has not relieved ... Read More »

FBR Chairman Tariq Bajwa tells I&I officials to take action against tax evaders

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has directed the Directorate of Intelligence and Investigation officers to take action against tax evaders. The FBR chief, during the first conference of the directorate, encouraged the intelligence unit to move forward without any fear. The Directorate of Intelligence and Investigation launched an operation against mega tax frauds and has now ... Read More »

Senate Committee on Ports and Shipping okays three-year performance report

ISLAMABAD: The Senate Standing Committee on Ports and Shipping has approved the committee’s performance report of the last three years. The committee met here at Parliament House under the chairmanship of Senator Chairman Fateh Muhammad Hassani and discussed performance report prepared by the committee in collaboration with Ministry of Ports and Shipping. The members expressed their utmost satisfaction over the ... Read More »

PQA Chairman Agha Jan says customs officials involved in missing containers case suspended

ISLAMABAD: Port Qasim Authority (PQA) Chairman Agha Jan Akhtar has revealed that the Federal Board of Revenue (FBR) has taken disciplinary action against several customs officials over their alleged involvement in the release of containers on fake documents from the port. Speaking about the functioning of the PQA in a meeting of the Senate Standing Committee on Ports and Shipping, Agha ... Read More »

FBR Taxpayers Audit wing seeks more access to data for timely settlement of cases

ISLAMABAD: The auditors’ inaccessibility to income tax data has made audit a difficult process and hampered the desired performance of the organisation. The Taxpayers Audit wing of the Federal Board of Revenue (FBR) has to write to different departments and wings for the provision of data of taxpayers for auditing purpose. Therefore, the FBR is required to enhance access of ... Read More »

Senate Committee on Ports and Shipping presents three-year performance report

ISLAMABAD: The Senate Standing Committee on Ports and Shipping presented its performance report spreading over the last three years before the members of the committee. A well-placed source in the Ministry of Ports and Shipping told Customs Today that the committee had sought a detailed report regarding the implementation on its recommendations by the ministry and attached departments. Moreover, the ... Read More »

CNS court sentences heroin smuggler to three years, Rs 50,000 fine

ISLAMABAD: Control of Narcotics Substance (CNS) Special Judge Irum Niazi has ordered three-year imprisonment and a fine of Rs 50,000 for Muhammad Irfan s/o Muhammad Azam in a 7kg heroin smuggling case. The court also issued arrest warrants of his absconding accomplices Muzammil, Maroof Butt and Malik Irshad. According to details, the Model of Customs Collectorate (MCC) Islamabad collector informed ... Read More »

Legal, departmental action will be taken against corrupt officials: FBR

ISLAMABAD: Federal Board of Revenue (FBR) spokesperson Shahid Asad has said that the bureau will not terminate a specific number of people through any programme, but officials involved in corruption will not be spared at any cost. Talking exclusively to Customs Today, Shahid said that officers involved in corruption will have to face consequences under the legal and departmental rules. ... Read More »

FBR collects Rs 1,519b revenue with growth rate of 13pc in 8 months

ISLAMABAD: The Federal Board of Revenue (FBR) has shown a historic performance regarding revenue collection in the first eight months of the current fiscal year 2014-15. The FBR collected Rs 1,519 billion revenue, showing 13 percent increase in collection, as only Rs 1,341 billion was collected during the same time last year 2013-14. Talking about the monthly performance, the FBR ... Read More »

FBR to fire 400 customs employees up to BS-16; 50 between BS-17 and BS-20

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to terminate 400 employees of BS-1 to BS-16 and 50 employees of BS-17 to BS-20 over corruption charges. A committee of three board members has been formed which will give its final decision after observing the names and corruption evidences sent by Model of Customs Collectorates MCCs and Regional Tax Offices ... Read More »

FBR Chairman asks Customs & IT to integrate different Customs databases

ISLAMABAD: The Federal Board of Revenue (FBR) is deliberating on having a an integrated database of different databases of Customs to raise the proportion of revenue collected out of customs duties in the total volume of revenue collection.  Presently, almost 70% share of total revenue collection comes from income and sales tax and tax collected from the customs duties constitute ... Read More »

Customs Appellate Tribunal Peshawar practically finished

ISLAMABAD: With the retirement of Gulab Shah, the judicial member seat of the Customs Appellate Tribunal Peshawar is practically finished. The tribunal consists of two members – the judicial member and a technical member. No one has been appointed as the technical member in the Peshawar tribunal, so with the retirement of the judicial member, the tribunal is practically finished. ... Read More »

Customs court orders one-week imprisonment, Rs 20,000 fine for driver of smuggled vehicle

ISLAMABAD: Customs, Anti-Smuggling and Taxation Special Judge Chaudhry Mumtaz Hussain has ordered one-week imprisonment and a fine of Rs 20,000 for Khayal Zaman, the driver of a non-duty paid vehicle Hilux Surf. According to details, the Model of Customs Collectorate Islamabad Investigation and Prosecution impounded a non-duty paid 1999 model Toyota Hilux Surf with registration number JAF-455 from Peshawer-Talagang Motorway. ... Read More »

Judge Irum Niazi sentences heroin smuggler to two years imprisonment, fine

ISLAMABAD: Special District and Sessions Judge CNS Irum Niazi has sentenced Ismael Muhammad s/o Sikander Khan, to two years imprisonment and a fine off Rs 200,000 in heroin smuggling case. The convict is a resident of Nawshera and an FIR Number 37/14 was registered against him. In case of non-payment of fine the accused will have to serve another eight ... Read More »

Dastgir, Olson along with ABC members to launch Pak-US Business Conference today

ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan, members American Business Council (ABC) as well as the US ambassador Richard Olson will attend the said ceremony will hold launch the Soft inauguration of two-day conference titled Pak-US Business Opportunities today (Friday) in Karachi.  In this connection as splendor ceremony will be held in Karachi” a well placed source privy to ... Read More »

FBR deliberates on long & short term capacity building programs of Customs & IRIS officials

ISLAMABAD: The Federal Board of Revenue (FBR) has devised a huge program for the capacity building of officers and staff members of Customs and Integrated Risk Information System (IRIS).  The basic objective of this huge program is to impart quality training and tax education in fiscal and economic management, to enhance professionalism, responsiveness, creativity, analytical capabilities, and intellectual integrity of ... Read More »