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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

FBR orders all MCCs to audit data of cargo movements at ports

ISLAMABAD: FBR has ordered all Model Customs Collectorates to audit data of inter-port cargo movements and confirm whether all unclaimed containers are available at the ports or cleared illegally against fake Goods Declarations, causing revenue loss to the national exchequer. The sources said that after the detection of illegally clearing of the containers at Port Qasim, FBR wants to determine ... Read More »

FBR officials brief IMF delegation about revenue target

ISLAMABAD: A delegation of International Monetary Fund (IMF) has called on FBR Chairman Tariq Bajwa, Directorate General Customs Intelligence & Investigation and other officials here the other day. FBR officials, while giving briefing to the IMF delegation, said that Federal Board of Revenue has set Rs2,475 billion revenue target for the current fiscal year 2013-14, while last year Rs1,939.4 billion ... Read More »

Rawalpindi-Islamabad Customs agents call off strike

ISLAMABAD: Rawalpindi-Islamabad Customs Agents Association has called off its two-day strike against the alleged negative behaviour of Deputy Collector Ayesha Bashir Wani. RICAA President Rana Aqeel told Customs Today that the demands put by the association have been fulfilled by the Collectorate. He said that though the strike resulted in the loss of revenue collection but the association had to ... Read More »

Customs seizes smuggled tyres, rims worth Rs22m in Quetta

QUETTA: Customs Collectorate’s anti-smuggling unit has seized huge quantity of smuggled tyres and rims worth Rs22 million. Sources said that an anti-smuggling unit team headed by Amanullah Tareen conducted raid in Bostan near Kuchlak area, Quetta and seized two 40-feet containers, which were loaded with smuggled tyres and rims. They said that around 1,000 tyres and 1,700 rims were recovered ... Read More »

Shahid Hussain Asad designated as Official Spokesperson for FBR

ISLAMABAD: Shahid Hussain Asad (IRS/BS-21) presently posted as Member (IR Policy), Federal Board of Revenue (Hq) Islamabad is designated as Official Spokesperson for FBR with immediate effect and until further order. He holds a Master’s degree in English Language & Literature from Government College, Lahore, and a degree in Law from University of the Punjab, Lahore. He has undertaken a ... Read More »

SROs issued regarding new entrants of motorcycle manufacturing industry

ISLAMABAD: Under SRO 939 (I)/2013, in exercise of the powers conferred by sub-section (5) of section 18 of the Customs Act, 1969 (IV of 1969), Federal Government is pleased to direct that the following further amendment shall be made in its notification No. SRO 693(I)/2006, dated the 1st July, 2006. In the aforesaid Notification, after the table, for the second ... Read More »

FBR transfers, postings

ISLAMABAD: FBR has transferred and posted 47 officers of BS-17-19 with immediate effect. According to notification, Naheed Azhar (Income Tax/BS-19) on Joining after Leave has been transferred and posted to Additional Commissioner Inland Revenue Large Taxpayers Unit, Karachi; Naveed Ahmad Nawab (Inland Revenue Service/BS-19) from Additional Director, Directorate General of Training and Research (Inland Revenue), Lahore to Chief (OPS), (IT ... Read More »

High speed vessel service in the offing: Michael

ISLAMABAD: Federal Minister for Ports and Shipping, Senator Kamran Michael said that Ministry of Ports and Shipping will introduce a new business venture of high speed food vessel service between Pakistan and Gulf region very soon. The minister said that more than 95 percent of exports and imports were taking place through ports and shipping but trader of food items ... Read More »

FBR to charge sales tax at rate of 16pc

ISLAMABAD: According to SRO 946 (1)/2013, in exercise of the powers conferred by clause (b) of sub-section (2) of section 3 of the Sales Tax Act, 1990, Federal Board of Revenue is pleased to direct that sales tax shall be charged and collected on import and local supply of goods at the rate of 16 percent from the period from ... Read More »

FBR to appoint CM Customs, CM IRS from respective groups

ISLAMABAD: Federal Board of Revenue has removed conflict between Pakistan Customs Service (PCS) and Inland Revenue Service (IRS), and decided to post the officials of PCS and IRS as ‘FBR chiefs’ from the respective management’s in the Administration Wing. Sources said that as per the decision taken in the Board-in-Council meeting, the officials of other occupational groups and services cannot ... Read More »

Customs seizes smuggled goods worth Rs240m

QUETTA: Customs Collectorate in Balochistan, while acting on the orders of Supreme Court, carried out operations and seized different items, including vehicles, worth Rs240 million smuggled into the country from Afghanistan and Iran. During the hearing of a case relating to the law and order situation in Balochistan at the Quetta registry of Supreme Court, Chief Justice Iftikhar Muhammad Chaudhry ... Read More »

Rawalpindi-Islamabad Customs Agents observe strike

ISLAMABAD: Rawalpindi-Islamabad Customs Agents Association observed strike on Saturday against the alleged negative behaviour of Deputy Collector Ayesha Bashir Wani. R-ICAA President Rana Aqeel told Customs Today that though the deputy collector is hard working and has been helping the government generating heavy revenue but her behaviour towards customs agents is harsh. “Ayesha Wani does not give due respect to ... Read More »

Poor response to FBR’s campaign for widening tax net

ISLAMABAD: Federal Board of Revenue Member Facilitation and Taxpayer Education (FATE) and Spokeswoman Riffat Shaheen Qazi has said FBR is taking serious measures to broaden the tax net. “Over 31,000 notices were sent to ‘tax evaders’ in the last three months but only 1,153 people registered themselves on voluntarily basis,” she said while talking to the media after the inauguration ... Read More »

Customs Houses to remain open on Oct 26

ISLAMABAD: Model Customs Collectorates will remain open and observe normal working hours on October 26 (Saturday) in order to facilitate the trade and industry in getting their cargo cleared for imports/exports and payment of duty and taxes. A notice issued here Friday by Federal Board of Revenue also advised the Chief Collectors to coordinate with management of the State Bank ... Read More »

Commission for curbing smuggling of foreign currency

ISLAMABAD: One-man Commission on ‘smuggling of arms and ammunition’, while taking steps to curb transferring of foreign exchange through hundi/hawala, has recommended a currency declaration form for all outgoing international passengers. The Commission, headed by former FBR Member Customs Ramzan Bhatti, has suggested making it mandatory for all outgoing international passengers to declare the foreign currency that they are taking ... Read More »

Gilgit-Baltistan Assembly discusses non-customs paid vehicles

GILGIT: Gilgit-Baltistan legislative assembly Speaker Wazir Baig has urged treasury benches to inform the house whether non-customs paid (NCP) vehicles have been regularised after the payment of customs duty. The speaker’s remarks came after lawmakers complained that the fate of NCP vehicles hangs in the balance despite paying customs duties. “A court in Islamabad has declared the federal government’s amnesty ... Read More »

Gold import increases by 380.47pc in Q1

ISLAMABAD: Gold import into the country has soared up to 380.47 per cent during the first quarter of the current fiscal year as compared to the same period of last year, according to Pakistan Bureau of Statistics (PBS). The data reveal that 3,286kg gold was imported during July-September 2013-14 against 542kg during the same period of last year. The country ... Read More »

FBR extends date of filing of IT returns/statements up to Nov 30

ISLAMABAD: Federal Board of Revenue (FBR) has extended the date of filing of Income Tax Returns/Statements for the Tax Year 2013 to November 30, using powers conferred under section 214A of the Income lax Ordinance, 2001. According to the notification, the date of filing of Returns of Total Income/Statements of Final Taxation of companies whose tax year ends any time ... Read More »

No new customs duty on motorcycle industry

ISLAMABAD: Federal Board of Revenue (FBR) has given duty concessions to the manufacturers of motorcycles by issuing SRO.939(I)/2013 and SRO.940(I)2013. The FBR will not charge the additional customs-duty on sub-components and components, imported in any kit form by a new entrant assembler or manufacturer of motorcycles in Pakistan. Through these notifications, FBR has amended SRO 656(1)/2006, dated June 22, 2006 ... Read More »

Aftab Baloch assigned look after charge of Member Accounting at FBR

ISLAMABAD: Aftab Anwar Baloch a (BS-21) officer of Pakistan Customs Service Group presently posted as Member Enforcement, Federal Board of Revenue (Hq), Islamabad is assigned look after charge of the post of Member (Accounting) FBR (Hq), Islamabad during the leave period of Khawaja Tanveer Ahmad (IRS/BS-21) w.e.f. 22-10-2013 to 11.11.2013. Read More »