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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

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 »

ANF recovers narcotics worth Rs 1.24 billion in 8 raids

ISLAMABAD: Anti-Narcotics Force (ANF) recovered drugs worth Rs 1.24 billion during eight operations at Islamabad, Rawalpindi, Mianwali, Peshawar, Khyber Agency and Karachi and recovered 1.2 ton of charas, 3 kg of heroin and 700 grams of opium, arresting 12 drug peddlers. According to details, ANF Peshawar raided a house in Khyber Agency and recovered 1210 kg of charas from the ... Read More »

TCS, Smart Zone multi-billion smuggling case hearing put off

ISLAMABAD: A special court headed by Customs Taxation and Anti-Smuggling Customs Judge Muhammad Ahmad Farooqi has postponed the hearing of the TCS and Smart Zone Company smuggling case as lawyers of the accused did not appear in the court. As per details, TCS former CEO Saqib Hamdani, Manager Logistics Ghazanfar Gul and Smart Zone Company Owner Shakirullah asked the court ... Read More »

Member Admin Shahid Jatoi takes action against corrupt officers

ISLAMABAD: Federal Board of Revenue (FBR) Member Admin Shahid Hussain Jatoi has learnt that most of his instructions regarding corrupt officers were being ignored by lower management staff. As per details, Jatoi has sought the records of personal hearings against corrupt officers, from his appointment to date, on reports of mismanagement in these cases. It is learnt that the Member ... Read More »

India to frame law to protect Pakistani investors

ISLAMABAD: The Ministry of Commerce, in a report, sent to the government stated that the Indian Parliament is planning legislation to provide financial and non-financial protection to those Pakistani investors who are interested to invest in India. “Therefore, Pakistani government must also take such an initiative to attract more investment from foreign investors and legislate to protect the foreign investors,” ... Read More »

Islamabad-Geneva sign treaty on avoidance of double taxation

ISLAMABAD: Three days visit of the Pakistani delegation to Switzerland ended in signing a revised treaty on avoidance of double taxation. The treaty will also help Islamabad seek information about the money deposited by Pakistani nationals in Swiss banks for tax purposes. The documents were inked at the conclusion of talks held in Geneva to renegotiate the July 2005 Convention ... Read More »

FBR Member Ashraf Khan tells officers to achieve targets

ISLAMABAD: The Federal Board of Revenue has decided to transfer those field formation officers who will not show better performance till first quarter (October) of this fiscal year. As per details, FBR Member Inland Revenue Muhammad Ashraf Khan gave field formation officers two month respite to achieve their individual targets and warned them of transfer on showing inefficiency in their ... Read More »

Adverse ties hinder Dastgir’s participation in Aalishan Pakistan Expo

ISLAMABAD: Adverse diplomatic ties have stopped Commerce Minister Khurram Dastgir and Secretary Commerce from attending the Aalishan Pakistan’ Lifestyle Exhibition scheduled to be held from September 11-14 in Indian Capital New Delhi. The Commerce Minister Khuram Dastgir, Monday, told Customs Today that the very act of Indian government of cancellation of foreign secretary level talks scheduled to be held last ... Read More »

UK funds FBR for tax awareness campaigns

ISLAMABAD: British Department for International Development will donate Rs 5 million to Federal Board of Revenue (FBR) which will be spent on awareness campaigns urging people to pay tax. As per details, a delegation of DFID has met with FBR Chairman Tariq Bajwa and offered him Rs 5 million funds for the campaigns to educate public about the importance of ... Read More »

Imran, Qadri sit-ins: Ministry seeks funds to compensate containers’ owners

ISLAMABAD: The Federal government has started sending import/export containers back to ports as the owners have been demanding millions of rupee rent and compensations for their stolen and damaged containers. As per details, Islamabad administration has removed the containers used to block the roads in Red Zone Diplomatic Enclaves and deployed federal police force in place of containers. The owners ... Read More »

FBR issues notices to retailers for tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) has issued electronic notices to 5,826 retailers asking them to submit their tax returns under normal and turnover regime. The FBR has also obtained electricity bills’ details of these retailers. Sources told Customs Today that the FBR has taken this step to broaden tax net and to implement tax reforms into the country. ... Read More »

TDAP to organize ‘Alishan Pakistan’ exhibition in New Delhi

ISLAMABAD: Despite strong opposition by an Indian Hindu fundamentalist organisation, preparations are in full swing to make the upcoming event ‘Aalishan Pakistan’ lifestyle exhibition in New Delhi a big success. The event is being organised by Trade Development Authority of Pakistan (TDAP). The Hindu Janajagruti Samiti (HJS), working for establishment of Hindu society, has demanded the Indian government stop the ... Read More »

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