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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

PM, President term Pakistan investors’ attraction

ISLAMABAD: Prime Minister Muhammad Nawaz Sharif said that the government was making arduous efforts to transform Pakistan into a conducive and attractive destination for foreign investments. He said that steady appreciation in the Baseline Profitability Index (BPI) stood testimony to the fact that Pakistan was a investment attraction including a long term business association. Prime Minister Nawaz Sharif was talking ... Read More »

Chief Management Tanvir summons FBR union president

  ISLAMABAD: Federal Board of Revenue Chief Management Tanvir Malik has summoned Federal Revenue Alliance Employees Union (FRAEU) President Abdul Qayum Qureshi on 11 November. Qureshi has been asked to appear before the chief management in the FBR Headquarters. This is his last hearing in front of the chief management. The FRAEU president was suspended from service after he tortured ... Read More »

Commerce Ministry directs State Life head to reinvestigate corruption cases

ISLAMABAD: The Ministry of Commerce (MoC) had directed newly- appointed Chairperson State Life Insurance Corporation (SLIC) to re-investigate into the cases of corruption and financial misappropriation surfaced in last five years. The MoC has also asked Nargis Ghaloo to prepare a report regarding possible legal action against the official found involved in corrupt practices. SLIC has mission to remain the ... Read More »

Multan Customs seizes thousands of non-customs paid Q Mobile sets  

ISLAMABAD: The Multan Customs Collectorate has seized thousands of non-customs duty paid mobile sets and issued show-cause notice to importers- Allied Electronics and Digicom. The Collectorate sent the report to the Federal Board of Revenue Headquarters. The Collectorate seized four models of Q Mobile worth Rs 35,560 each after getting information from different sources. These include 5,100 sets of model ... Read More »

Islamabad Customs to auction seized goods after Muharram

ISLAMABAD: The Model Customs Collectorate Islamabad has decided to auction the confiscated goods after court’s decision. A letter has been sent to Collector Zaiba Hai for approval. The price of the goods is in millions. The auction will take place after Muharram holidays at Sector G-12 custom collectorate warehouse. The goods are being auctioned as the collectorate is out of ... Read More »

Akhlaq, Fazal PCS/BS-20 officers assume charge

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding charge relinquishment/assumption of Pakistan Customs Service (PCS) officers (BS-20). Akhlaq Ahmad Khattak, PCS/BS-20, has relinquished the charge of the post of Director, Directorate General of Internal Audit (Customs), Islamabad w.e.f 24.10.2014 and assumed the charge of the post of Chief, FBR (HQ), Islamabad on the same date. Fazal Yazdani Khan ... Read More »

$200b recovery from Swiss banks: Officer stuns Finance Ministry, FBR

ISLAMABAD: The Finance Ministry and Federal Board of Revenue (FBR) are stunned over the outcome of mission sent to Switzerland to negotiate on the issue of bringing $ 200 billion from Swiss banks. Federal Minister for Finance Ishaq Dar had announced that talks would be held with Swiss authorities in August to bring back US$200 billion to Pakistan from banks ... Read More »

FBR chairman orders stern action against tax evaders

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa has ordered senior FBR officials to take stern action against tax evaders. Bajwa has said no pressure would be accepted in this regard. The enforcement plan should be implemented in letter and spirit. FBR Member Enforcement and Withholding Tax Ali Salman Abbasi gave a briefing on first quarter of the current fiscal ... Read More »

FBR to recruit 600 Grade 1-16 officials

Former PM and president violated merit and put “jobs for sale” tag   ISLAMABAD: The Federal Board of Revenue (FBR) has decided to recruit as many as 600 Grade-1 to 16 officials to overcome a shortage of manpower. The recruitment aims at improving enforcement system. Ads will be published in the newspapers in this regard. The FBR is facing a ... Read More »

Commerce Ministry to take up Indian subsidized agri exports at WTO

ISLAMABAD: The Ministry of Commerce (MoC) has decided to take up the trade injury of export of subsidized Indian agricultural products at the forum of World Trade Organization (WTO). ‘The very issue of imposition of non tariff barriers on Pakistani exports will also be raised at WTO,” a source privy to Minister for Commerce told this scribe here on Wednesday. ... Read More »

Nominations of FBR BS-20 officers sought for Management Course

ISLAMABAD: Federal Board of Revenue (FBR) Establishment Division has sought nominations of Inland Revenue Service officers (BS-20) for the forthcoming 102nd National Management Course (NMC), which will start in February 2015. According to a notification, the nominations will be made in the order of seniority and the officers of IRS/BS-20 as per (Annex-A) are requested to confirm their willingness by ... Read More »

Only tax evaders hate IRIS: Raana Ahmed

FBR IT member says she is waiting for someone to point out faults in tax calculation, but so far no such complaint has been received     ISLAMABAD: Federal Board of Revenue (FBR) Information Technology (IT) Member Raana Ahmed said on Tuesday that as many as 117,000 taxpayers have submitted their income tax returns through e-filing, which is 52 percent ... Read More »

Commerce Ministry to set up land ports at Chaman, Wagah, Torkham

ISLAMABAD: The Ministry of Commerce is planning to establish Land Port Authority to supervise, monitor and accelerate trade with neighbouring countries, Customs Today learnt Tuesday. As per plans, initially three land ports will be set-up at Wagah, Chaman and Torkham to provide all the required facilities to the exporters and importers immediately on the beginning of their foreign visits or ... Read More »

FBR’s process of scrutiny of workers asset declaration kicks off

ISLAMABAD: The Federal Board of Revenue (FBR) has delegated responsibility to newly-appointed chief management to scrutinize the information furnished by the employees in their asset declarations forms. Malik Tanvir Akhtar has been asked to hold tight scrutiny of the information provided by the FBR officials and employees in the annual asset declaration forms. Under Revised Conduct Rules 1964, submission of ... Read More »

Rs 10.46 billion paid to banks for telegraphic transfer of remittance

ISLAMABAD: An amount of Rs 10.46 billion has been paid to banks for making Telegraphic Transfer (TT) of remittances to Pakistan from abroad in 2013. This initiative was taken to promote inflow of remittances by overseas Pakistanis through legal channels as well as to control illegal transactions of money through Hundi and Hawala. Total amount of remittances made by overseas ... Read More »

FBR bifurcates ERM into two sections

ISLAMABAD: The Federal Board of Revenue (FBR) has ordered bifurcation of ERM Section into two sections. As per the FBR order No 20(1)/S.MIR/2014 issued on October 27, 2014, Inland Revenue Secretary Muhammad Majid stated that the areas come under jurisdiction of Second Secretary (ERM-I): Performance Evaluation Reports (PERs) of (BS-16 and above) officers of all field formations of FBR and ... Read More »

ANF recovers 138-kg drugs, nails 4 peddlers

ISLAMABAD: The Anti-Narcotics Force (ANF) claimed to have recovered 114 kgs of heroin and 24 kgs of charas besides arresting four drug peddlers including a lady. The ANF conducted raids in various cities including Rawalpindi, Lahore and Peshawar and thwarted attempts to smuggle narcotics. According to the force, the captured drugs worth more than Rs 782 million in international market. ... Read More »

FBR spokesman Shahid Asad refuses to withdraw SRO-608

ISLAMABAD: The Federal Board of Revenue (FBR) spokesman and Inland Revenue Member Shahid Asad said that SRO-608 would not be withdrawn. He said it has been shaped after deliberations with stakeholders. “Retailers should take taxes as their national responsibility. Their behaviour is non-cooperative. This is not in the country’s favour.” He suggested that a certificate should be issued for every ... Read More »

Commerce Ministry plans infrastructure uplift at dry ports

ISLAMABAD: The Ministry of Commerce (MoC) is likely to spend a huge sum of money on the establishment of infrastructure to facilitate exporters to meet the international standards. As per policy guidelines prepared by the MoC in this regard, the Ministry would establish infrastructure like construction of cold storage, hot water treatment plants and other facilities at dry ports mainly ... Read More »

FBR decides to extend tax returns date for two more weeks

ISLAMABAD: The Federal Board of Revenue has decided to extend date for filing of tax returns, Customs Today reliably learnt on Monday. The current date for filing of returns is October 31 which would be extended for more two weeks to facilitate businessmen. The extension in date would be announced on October 31. Read More »