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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

TDAP planning exhibitions in other SAARC countries: Dr Shimail  

ISLAMABAD: The Trade Development Authority of Pakistan (TDAP) is planning to organize exhibitions like Alishaan Pakistan in other countries of the South Asian Association of Regional Cooperation (SAARC). “TDAP Chief Executive S M Muneer has endorsed the concept presented by different organizations of traders on the sidelines of Alishaan Pakistan exhibition held in New Delhi,” the outgoing President of Rawalpindi ... Read More »

PTBA cries foul at glitches in ST registration

ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has written in to the FBR chairman complaining about difficult and time-consuming procedure for sale tax registration. In a letter to FBR Chairman Tariq Bajwa, the PTBA pointed out that the current system for ST registration was time-consuming as it required two to three months to get a manufacturing unit registered for sales ... Read More »

FBR notifies 4pc advance tax on int’l air tickets

ISLAMABAD: The Federal Board of Revenue (FBR) notified all the airlines to collect advance tax on air tickets for international journey originates from Pakistan. According to the notification, the FBR directed all the airlines to collect advance tax at the rate of 4 percent on all air tickets if the journey originates from Pakistan. It read that the airlines issuing ... Read More »

FBR Chairman Bajwa seeks list of seized vehicles from all collectorates

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa has sought all model customs collectorates to provide the details of all seized non-customs paid vehicles. As per details, in a notification issued by chairman office, it was stated that all model customs collectorates should send lists of non customs paid vehicles at warehouses and ports, seized by customs. It ... Read More »

FBR fails in issuing tax cards

ISLAMABAD: The Federal Board of Revenue (FBR) has failed in meeting the deadline of September 15 for the issuance of 0.850 million tax cards to tax payers. The tax cards were scheduled to be provided at the doorsteps of those taxpayers by mid-September who had filed their tax returns by 2013 and tax cards will have validity up to March, ... Read More »

Govt eyes to get $1.10 billion from IMF in December

ISLAMABAD: The government plans to get fourth and fifth tranche of loan from International Monetary Fund (IMF) all together in December under the Extended Fund Facility (EFF). An Extended Fund Facility with IMF provides assistance in support of comprehensive programs that include policies of the scope and character required to correct structural imbalances over an extended period. It has a ... Read More »

FBR HRIS lacks CNICs of 18 officers

ISLAMABAD: The Computerized National Identity Cards (CNIC) numbers of 18 FBR officers including two BPS-20 and five BPS-19 officers are not existed in the Human Resource Information System (HRIS) and internal identification system of the board. This anomaly or discrepancy speaks volumes about the up-gradation and modernization of the internal system of the national revenue collecting agency. According to available ... Read More »

FBR likely to allow ANF checking of inbound cargos at dry, sea ports

ISLAMABAD: The Federal Board of Revenue is likely to allow Anti-Narcotics Force (ANF) inspection of inbound cargo containers at dry and sea ports to check drugs smuggling. Modalities in this regard are likely to be finalised in an important meeting between both the executing agencies scheduled to be held next week. Reliable sources told Customs Today that the ANF has ... Read More »

Traders seek govt permission to import textile machinery from India

ISLAMABAD: Traders and textile groups have asked the federal commerce ministry to allow them imports textile machinery from India. As per details, importers want to import boilers and gear boxes via Wagha Border as the cost of import is much higher in Karachi. Sources told Customs Today that some traders have imported gear boxes for textile machinery via Wagha Border ... Read More »

PM takes notice of overbilling, electricity theft

ISLAMABAD: Prime Minister Nawaz Sharif has taken the notice of overbilling and theft of electricity and established a special committee under the supervision of Water and Electricity Advisor Mussadaq Malik. He instructed that the committee will present the report within a week to solve the complaints of electricity consumers. Federal ministers Chaudhry Nisar Ali Khan, Shahid Khaqan Abbasi, Abbas Afridi ... Read More »

ANF destroys Rs8 billion drugs in 9 months

ISLAMABAD: The Anti-Narcotics Force (ANF) destroyed drugs worth Rs8 billion during the current year so far which is highest-ever quantity during the last five years. This was told to Senate Standing Committee on Interior and Narcotics Control which met here under the Chairmanship of Senator Talha Mehmood. The officials of the Ministry of Narcotics Control while briefing the committee members, ... Read More »

114 senior FBR officers have no income tax registration

ISLAMABAD: At least 114 senior officers of the Federal Board of Revenue (FBR), from BPS 17 to 20, are not registered for income tax. According to a new list, the officers having no registration for income tax include a BPS-20 director general and BPS-17 assistant collector (prob). The list of officers consists of one director general, seven BPS-19 officers including ... Read More »

PM, cabinet assure support to Bajwa on tax collections

ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif instructed Federal Board of Revenue (FBR) Chairman Tariq Bajwa to start crackdown on tax evaders without any discrimination. He also told FBR chairman to broaden the tax net without taking any political pressure. As per details, FBR Chairman Tariq Bajwa has briefed the PM Nawaz and cabinet in a federal cabinet meeting on ... Read More »

Bajwa, US councillor meeting cancelled due to Imran, Qadri sit-ins

ISLAMABAD: The meeting between Federal Board of Revenue Chairman Tariq Bajwa and economic councillor of US Embassy has been cancelled due to security situation in the federal capital. As per details, economic councillor of US Embassy was scheduled to meet the FBR chairman at headquarter on Thursday, however, meeting has been cancelled due to sit-ins and marches by Pakistan Tehreek-e-Insaf ... Read More »

Bajwa, UK official to discuss roadmap to improve taxation

ISLAMABAD: The representative of UK Department for International Development (DFID) will meet Federal Board of Revenue (FBR) Chairman Tariq Bajwa at FBR headquarters on Monday. As per details, a meeting between FBR chairman and DFID representative has been scheduled for this Monday in which both sides will discuss the roadmap to improve the tax collections and to strengthen the economy. ... Read More »

Govt seeks parliament nod to give market access to India

ISLAMABAD: The federal government has decided to forward Non-Discriminatory Market Access (NDMA) – a term coined after Most Favoured Nation (MFN) status for India, to parliament for approval to normalise trade ties with India. The decision was taken after lack of understanding between inner opposition and stakeholders. As per details, the government is waiting for end to sit-ins so that ... Read More »

Ex-CEO Hamdani owns TCS building

ISLAMABAD: The customs authorities have learnt that former TCS CEO Saqib Hamdani has the ownership of the main building of the TCS Express and Logistics Centre near Jinnah International Airport at Iqbal Avenue, Karachi. This revelation has opened new dimensions in the TCS and Smart Zone Company smuggling case that how a man hired as CEO could have the ownership ... Read More »

FBR transfers five officers of grade 17-20

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred five officers of Pakistan Customs Service (BS 17-20) with immediate effect. As per details, the FBR has transferred Syed Zulficar Ali Shah Kazmi (BS 20) from FBR headquarters to Collectorate of Customs Appeals Islamabad, Dr Fareed Iqbal Qureshi (BS 19) from Model Customs Collectorate Appraisement-East Karachi to Collectorate of Customs Adjudication-I Karachi, ... Read More »

FBR to devolve powers to act against ‘black sheep’

ISLAMABAD: The Board in Council of the Federal Board of Revenue (FBR), on suggestion of Member Customs Nisar Muhammad Khan, has decided to give authority of institutional punitive measures to field formations, chief collectors and chief commissioners. After the said decision, heads of the field formations will be authorised to take action against corrupt officers on mismanagement and corruption. The ... Read More »

Govt to take exports to $50b by 2018: Dastgir

ISLAMABAD: Adverse political relations between India and Pakistan have stopped the Commerce Minister and Commerce Secretary from attending ‘Aalishan Pakistan: Lifestyle Exhibition’ being held from September 11th to 14th, 2014 in New Delhi. Addressing a press conference, Federal Minister for Commerce Engineer Khurram Dastgir Khan said that both the neighbouring rivals could not initiate trade talks until diplomatic ties resumed ... Read More »