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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

Premier awards ‘Privilege cards’ to top taxpayers

ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif handed over the Privilege Cards to top 100 taxpayers of different categories at Prime Minister’s office Auditorium. The cards will be valid for one year. As per details, the ceremony was also attended by Mr. Ishaq Dar, Finance Minister and Chairman Federal Board of Revenue (FBR), Mr. Tariq Bajwa. The scheme has been ... Read More »

SROs to implement textile package soon: Afridi

ISLAMABAD: Federal Minister for Textile Industry Abbas Khan Afridi declared that textile package announced in the budget will be implemented through Statutory Regulatory Orders (SROs). Talking to the members a delegation led by All Pakistan Textile Mills Association (Aptma) Punjab Chairman SM Tanveer, the minister informed that the SROs had been sent to the Law Division for vetting and expressed ... Read More »

APMDA asks govt. for duty relaxation in used car import

ISLAMABAD: APMDA has asked the government to give relaxation in import duties to the dealers of used cars as import of used vehicles has fallen to 22,185 units in FY2013-2014 compared to 44,767 in FY2012-13 because of high import duty. According to All Pakistan Motor Dealers Association (APMDA), imports of 1301cc to 1,500cc cars stood at 2,646 units compared to ... Read More »

Investigations underway against TCS and Smart Zone on duty evasion charges

ISLAMABAD: Investigations have been instigated against The Courier Services (TCS) and Smart Zone Company for their alleged involvement in smuggling of electronic gadgets under cover of Afghan Transit Trade here the other day. As per details, TCS with collaboration of Smart Zone Company allegedly imported electronic gadgets worth millions under Afghan Transit cover without paying duty. Directorate General Customs Intelligence ... Read More »

WBDC plans to establish Eid Bazar

PESHAWAR: Women Business Development Center (WBDC) Peshawar is going to organize a 10-day long Eid Bazaar in order to ensure provision of Eid clothes, shoes and gifts at reasonable prices upon at the advent of Eid-ul-Fitar. As per details, WBDC’s Eid fair will start from the evening of July 19 and will continue till July 28. The bazaar has been given the name ... Read More »

Remittances inflow registers 11.5pc growth

ISLAMABAD: The inflow of remittances from Pakistanis working in foreign countries has registered a commendable growth during July-May, 2013-14, showing a 11.5 percent increase against 6.4 percent growth recorded in the corresponding period of last year. This was stated by Overseas Pakistani Foundation (OPF) Managing Director Iftikhar Babar during an interview with the APP. Iftikhar Babar said that precious foreign ... Read More »

ANF captures drugs worth Rs4.2b in different raids

ISLAMABAD: On special directives of ANF DG Major-Gen Khawer Hanif, the ANF has stepped up efforts along western border and captured 4.2 tonnes of narcotics worth amounting to be Rs4.2 billion in international market. It is to be noted that within a week, the ANF has recovered approximately 11 tonnes of narcotics alone from Balochistan province. According to details, the ... Read More »

Pending Cases: FBR to request courts for timely decisions

ISLAMABAD: Federal Board of Revenue (FBR) has decided to file an application to apex and high courts through Law Ministry for timely decision of pending cases to avoid billions of rupees revenue loss. As per details, FBR decided to request the apex and high courts to devise a strategy to early solve FBR cases to end the legal war, costing ... Read More »

Customs held 2 Chinese smuggling Pangolin scales

ISLAMABAD: Customs officials seized Pangolin scales from two Chinese planning to travel to Hong Kong at Benazir International airport and arrested the culprits. As per details, Customs authorities produced 145 kg of pangolin scales in five bags from two Chinese citizens Lauri Yu Ean and Yung Fu Layn. Customs authorities confiscated the bags when the Passengers failed produce any official ... Read More »

ANF captures 35kg drugs in 4 raids; 6 accused nabbed

ISLAMABAD: The Anti-Narcotics Force (ANF) conducted four raids in Lahore and Peshawar and arrested six persons including two women drug smugglers. The operations resulted in recovery of 29 kg Charas and six kg Opium. Moreover, Control Narcotic Substances (CNS) courts awarded life imprisonment and imposed forfeiture of Rs7.3 million in two separate cases. According to details, the ANF Lahore arrested ... Read More »

FBR asks Customs, IRS employees to submit missing appointment letters

ISLAMABAD: Federal Board of Revenue (FBR) has  ordered employees from Inland Revenue and Customs Department to submit their missing appointment letters as soon as possible for the processing of their applications to shuffle their duties. Appointment letters of BPS 1 to BPS 16 employees of Inland Revenue and Pakistan Customs Department of Federal Board of Revenue (FBR) have been allegedly ... Read More »

Dar rejects MPCL price restructuring plan

ISLAMABAD: Finance Minister Ishaq Dar declined a gas price restructuring plan for Mari Petroleum Company Limited (MPCL) which could not be implemented through an agreement between two majority shareholders. After a detailed briefing by retired Lt-Gen Nadeem Ahmad, Managing Director of MPCL, the minister did not agree with the proposal and desired the company and the Petroleum Ministry to present ... Read More »

FBR to audit 42,000 tax payers for FY2013-14

ISLAMABAD: Audit selection of taxpayers will be held at FBR headquarters in September of this year. The selection will be made on the tax returns filed by taxpayers in year 2013. As per details, about 45 thousands taxpayers from cooperate and non-cooperate sector will be selected for audit for year 2013-14. Audit selection will be made through National tax number ... Read More »

2,350 pending cases in apex courts cost Rs 200b to national exchequer

ISLAMABAD: Over 2,350 cases have been pending in apex courts costing Rs 200 billions to national exchequer. “Increasing misunderstanding of revenue laws, flexibility of some laws and trivialization of cases are some of the main factors responsible for pendency of these cases”. As per details, over 1550 cases in Honourable Supreme Court and about 800 cases in High Courts making ... Read More »

Collaborative efforts needed for better revenue collection: Tariq Bajwa

ISLAMABAD: FBR Chairman emphasized Members of FBR to expedite the efforts to achieve the revenue target for FY2014-15. As per details, FBR Chairman Tariq Bajwa presided an important meeting on budget/revenue reforms and their execution plans to achieve the revenue target for FY 2014-15. The Meeting was held at Federal Board of Revenue (FBR) head quarter here the other day. ... Read More »

Dar, Misbah meeting ends cricketers’ tax issue

ISLAMABAD: After finding themselves in hot waters for their tax filings, the members of Pakistan cricket team have requested the finance minister to direct the Federal Board of Revenue (FBR) to collect outstanding taxes of cricketers at a flat rate of 10 per cent. National team captain Misbahul Haq along with Test cricketer Azhar Ali met with Finance Minister Ishaq ... Read More »

FC expresses inability to curb oil smuggling from Iran

ISLAMABAD: Citing limited resources, the Frontier Corps has declined to help the government in curbing oil smuggling from Iran into Balochistan, a Senate panel was informed. “The FC has its hands full trying to maintain security in the province and on the border. It is under-resourced. It cannot take on additional responsibilities under the circumstances prevailed over Balochistan,” Lt-Col Naeem ... Read More »

FBR to start awareness campaigns about revised finance bill

Islamabad: Federal Board of Revenue (FBR) has decided to organize seminars and conferences with collaboration of chambers of commerce and trade unions to guide business community on revised finance bill. As per details, FBR Chairman Tariq Bajwa directed FBR Member Tax Facilitation Riffat Shaheen, to start nationwide awareness campaigns for business and trade community on revised bill. The decision has ... Read More »

FBR chairman devises new strategy for achieving revenue target

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa devised new strategy to achieve the annual revenue target for FY 2014-15. The FBR Chairman has issued strict instructions to all field officers to accomplish the task.  He warned the field formation officers that only those officers will remain in FBR who show good performance. As per new strategy, all field ... Read More »

MCC Sialkot seizes 3.7kg heroin, arrests 2 smugglers

SIALKOT: Anti Smuggling Squad of Model Customs Collectorate of Sialkot seized as many as 3.7 kgs fine quality heroin (worth millions of rupees) from a dubious car and arrested the two accused smugglers, besides, foiling a bid to smuggle heroin to Sialkot region from Peshawar. According to the senior officials, both arrested accused Noorud Din and Muhammad Rehman belonged to ... Read More »