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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

Ministry proposes steps for textile industry to compete with India, Bangladesh

ISLAMABAD: The Commerce Ministry has proposed various steps to enable textile industry to compete with textile industries of India and Bangladesh. The World Bank has placed both Bangladesh and India in the list of top 10 countries with highest textile exports in the fiscal year 2013 and these countries are posing serious challenge to Pakistani exports, especially the textile sector. ... Read More »

Collector Seema seeks report about Afghan Embassy’s ‘tampered’ land cruiser

ISLAMABAD: Customs Adjudication Collector Seema Raza Bukhari has ordered officials concerned to get a report regarding tampered land cruiser being used by Afghan Embassy in Islamabad. She has also ordered to send the vehicle to Afghanistan and get it verified in 30 days. Afghan Consulate General Third Secretary Abdul Nafay Raghbat had written application to the customs to issue duty-free ... Read More »

Customs Collectorate seizes smuggled goods worth Rs 222 million

ISLAMABAD: The Model Customs Collectorate has seized smuggling products worth Rs 222 million that include imported cloth, tyres, food grains and non-duty paid vehicles. Model Customs Collectorate Chief Collector Nadir Khan Hoti has ordered to take fast and effective steps to curb smuggling. He also directed the officials to present reports against smugglers on daily basis. Read More »

Customs Intelligence seizes smuggled goods worth Rs 7.3 million

ISLAMABAD: The Directorate General Customs and Intelligence Rawalpindi has seized the products worth Rs 7.3 million that include imported cloth, Non-duty paid hiace, tea, cigarettes, tyres, CD’s and compressors. The tax theft on these products is Rs 4.5 million. FIR has been registered and investigation has started against the smugglers. Read More »

Customs seize Rs 5.6m smuggled goods, arrest 2 smugglers

  ISLAMABAD: The Model Customs Collectorate Preventive Division has seized Rs 5.6 million smuggled clothes, tea and used parts of vehicles and arrested two smugglers. The Customs conducted raid with the help of Rangers and federal Police. The operation was conducted under the supervision of Assistant Collector HQ Yawar Nawaz on a secret information that smugglers are active in the ... Read More »

DC Amir transfers data entry operators

ISLAMABAD: Regional Tax Office Deputy Commissioner Headquarters Amir Javed has transferred data entry operators of Zone I, II, III and 9 to the computer lab. They have been transferred to ‘punch’ income tax returns in tax year 2014. The chief commissioner has given approval in this regard. These officials will work under the supervision of the PRAL Manager. Those transferred ... Read More »

Security be tightened at FBR offices: Tariq Bajwa

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has ordered the officials concerned to beef up security at the FBR offices across the country. The security has also been tightened at the FBR Islamabad headquarters and visitors have been advised to take appointments before meeting with any official. Sources told Customs Today that the FBR, in a notification, available with ... Read More »

Funeral prayer of Chief Collector Saleem’s mother-in-law offered

KARACHI: The funeral prayer of the mother-in-law of the Chief Collector-Enforcement (South) Muhammad Nazim Saleem was offered after the Zuhr prayers at Tooba Mosque (Gol Masjid) situated in Defence Phase-II here on Tuesday. A large number of customs officers, retired officers and officials attended the funeral prayers of the deceased while officers of different FBR’s wings were also present on ... Read More »

Finance Ministry: Delayed payment of public dues adversely affects cash flow

ISLAMABAD: The Finance Ministry has admitted that persistent delays in the payment of public dues by public entities directly affects their cash flows. “Untimely payment of public dues such as electricity, gas, taxes etc put financial strain on the government because the government has to pick up their liabilities to keep these entities functional,” a well-placed source at Finance Ministry ... Read More »

Construction of New International Airport to start soon at Gwadar, Senate body told

ISLAMABAD:  “The construction of New Gwadar Airport will start as soon as the Executive Committee of the National Economic Council (ECNEC) has granted approval of the project. The Central Development Working Party (CDWP) has already approved the project,” Gwadar Port Authority (GPA) Chairman Dostain Khan Jamaldini told the Senate Committee on Ports and Shipping here on Tuesday. Gwadar is located ... Read More »

Construction of New Gwadar International Airport to start soon, Senate body told

ISLAMABAD:  “The construction of New Gwadar Airport will start as soon as the Executive Committee of the National Economic Council (ECNEC) has granted approval of the project. The Central Development Working Party (CDWP) has already approved the project,” Gwadar Port Authority (GPA) Chairman Dostain Khan Jamaldini told the Senate Committee on Ports and Shipping here the other day. Gwadar is ... Read More »

Electronic sector: FBR widens scope of investigation into tax evasion  

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to widen the scope of investigation from electronic sector to other sectors which deal with massive imports of electronic or electrical products to find out possible tax evasion. A Lahore based electronic company has been found involved in committing tax evasion of Rs 10 billion through different means and tactics. A ... Read More »

Pakistani exports of leather products to cross $2.80b in five years

ISLAMABAD: The Ministry of Commerce (MoC) has high expectations of exports of leather products crossing the figure of $ 2.80 billion after five year. Leather products worth $957.5 million were exported in first 10 months of the fiscal year 2013-14 as compared to exports of $853.3 million in the same period of last year-–led by 12 percent growth each in ... Read More »

Black-marketing of Utility Stores sugar resulted in withdrawal of subsidy: Finance Ministry

ISLAMABAD: Black-marketing of sugar supplied to Utility Stores Corporation (USC) was also one of major reasons for withdrawal of subsidy being provided by the government on the items of daily use. Sugar was being sold at USC outlets on subsidized rates from July 2008 to April 2014 and then suddenly, the Economic Coordination Committee (ECC) of the cabinet in a ... Read More »

Rs 1900b socio-economic plan under PSDP improves less developed areas in 5 years: Finance Ministry

ISLAMABAD: The Finance Ministry has said that an allocation of Rs 1,900 billion under the federal public sector development programme (PSDP) in last five years has significantly improved socio-economic conditions of the less developed areas. The comparison of the socio-economic indicators shows that majority of the indicators have improved whereas the performance in some of the sectors remained stagnant. “Improvement ... Read More »

Collector Seema issues order-in-original 87/2014 in smuggling case

ISLAMABAD: Collector Customs Adjudication Seema Raza Bukhari has ordered to seize the products of millions of rupees. The products include air conditions and cigarettes. An FIR has been registered against the driver named Rehmat Khan and show cause notices have been issued to the accused but no one appeared before the court except the counsel of the driver. Collector Seema ... Read More »

All field offices to remain open on 27th, 31st to collect duties, tax returns: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has announced that all field offices will remain open on December 27 (Saturday) from 9am to 5pm for collection of duties and income tax returns. It is important to mention that all FBR field offices remain close on Saturday but department has cancelled the holiday of upcoming Saturday to facilitate the corporate taxpayers. According ... Read More »

NICL buys 10 assets with profits of public money since 1989

ISLAMABAD: The National Insurance Company Limited (NICL) has bought 10 assets worth Rs 3978.799 million out of proceeds of public money since 1989. Six units of office sizes with different spaces in Dubai International Financial Center (DIFC) have also been bought with 74,058,300 United Arab Emirates dirham in Dubai in 2009,” a Commerce Ministry source said. NICL was incorporated on ... Read More »

Collector Adjudication rejects allegations against Universal Gateway Company

ISLAMABAD: Model Customs Collectorate Additional Collector Adjudication Iram M Amir has rejected the allegations leveled against the Universal Gateway Company and officials of dry port import section in imported fabric case. The allegations against the accused were the tax theft worth Rs 176 million on more than 100 containers. The Collector has issued order-in-original – 54 – 2014 to release ... Read More »

IMF accepts statistics about Pakistan economy: Finance Ministry

ISLAMABAD: The International Monetary Fund (IMF) has accepted the statistics presented by the Finance Ministry about state of the Pakistani economy in the fourth and fifth quarterly review meetings under the IMF Extended Fund Facility (EFF). The EFF provides assistance in support of comprehensive programs that include policies of the scope and character required to correct structural imbalances over an ... Read More »