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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

Paapam pleads for end to 2pc extra ST

ISLAMABAD: Pakistan Association of Auto Parts and Accessories Manufacturers (Paapam) has appealed to Finance Minister Ishaq Dar and FBR Chairman Tariq Bajwa to resolve the issue of two percent extra sales tax on non-retail sales of auto parts which has been under discussions for the past four months. According to Paapam Chairman Usman Malik, despite reaching a consensus on the ... Read More »

FBR officers get more time for declaring assets

ISLAMABAD: Federal Board of Revenue has extended the date till Feb 25, 2014 for its officials to declare their assets. These officials will not be given more time for filing of declaration of their assets. According to FBR circular, “The Competent Authority is pleased to extend the date for filing of declaration of assets to 25.02.2014. This may however be ... Read More »

Private firm comes up with anti smuggling system

ISLAMABAD: Digital Tracking and Coding Association has delivered a presentation to the Federal Board of Revenue and Directorate General of Intelligence and Investigation Inland Revenue on a modern, fully digital volume control, tracking & tracing and authentication system to promptly detect and fight against illegal trade in Pakistan. Sources said that the entity has been created by 4 biggest tobacco ... Read More »

Parliamentarians given time till Feb 28 to file tax returns: Bajwa

ISLAMABAD: FBR Chairman Tariq Bajwa said that non-filer parliamentarians have given time till 28th February to file their tax returns to avoid any action against them. More than 30 MNAs and Senators are among the 100 parliamentarians who did not file their tax returns so far. There are two categories of parliamentarians. Some parliamentarians out of 1,072 filed their returns ... Read More »

Saudis express desire to enhance commerce with Pakistan

ISLAMABAD: Saudi Minister for Commerce and Industry Tawfiq Bin Fawzan Al Rabih while talking to the Federal Minister for Commerce Khurram Dastgir has expressed his desire to further strengthen the trade relations between Pakistan and Saudi Arabia. He assured his full cooperation in providing market access to Pakistani products in the Saudi market and proposed to hold a single country ... Read More »

SRO 565(1)/2006: Physical verification of heavy goods manufacturers in the offing

ISLAMABAD: A joint team comprising technical experts from the Federal Board of Revenue and the Engineering Development Board has been constituted to carry out physical verification of companies engaged in fabrication/manufacturing of heavy engineering goods from February 19 to 21, under SRO 565(1)/2006 dated June 5, 2006. As per details, the SRO 565(1)/2006 deals with concessionary rates or exemption of ... Read More »

Dar lauds PCICL role in promoting Chinese investment

ISLAMABAD: Finance Minister Ishaq Dar appreciated the Pak-China Investment Company Limited (PCICL) role in the promotion of close cooperation between China Development Bank (CDB) and Pakistani government and working as an advisory on privatization and foreign direct investment in Pakistan. Presiding over a PCICL meeting, the finance minister said that the PCICL wanted to promote government’s public private partnership initiatives ... Read More »

Non-filer MPs: FBR publishes incomplete tax directory

ISLAMABAD: The Federal Board of Revenue has published an incomplete tax directory of the parliamentarians, contains names of only 1,072 filers of income tax returns out of total 1,172 parliamentarians, having National Tax Numbers (NTNs). The names of members of National Assembly, Senate and Provincial assembles who did not have filed returns have not been included in the tax directory. ... Read More »

14 ‘poor’ senators fail to file tax returns

ISLAMABAD: 14 senators failed to file their tax returns including former interior minister Rehman Malik and PML-N Sardar Zulfikar Khosa and their names have not been including in the parliamentarians tax directory issued by the Federal Board of Revenue. Others senators who are among the non-filers of income tax returns for TY 2013 included Mohammad Azam Khan Hoti of Awami ... Read More »

National-debt issues: EAC urges for rejuvenating Debt Management Office

ISLAMABAD: The Economic Advisory Council (EAC) suggested that Debt Management Office should be upgraded to streamline national debt-related issues through consolidation of financial figures/tabulation. The council also sought for implementation of Debt Limitation Act 2005 to streamline all debt-related financial instruments. The suggestions were made during second meeting of Economic Advisory Council held with Finance Minister Ishaq Dar in the ... Read More »

FBR releases cadre strength of PCS

ISLAMABAD: Federal Board of Revenue has released the data regarding cadre strength of Pakistan Customs Service (PCS) under its administrative control. According to the notification issued by FBR, the total strength of Grade-17 to Grade-22 officers in PCS is 467. As per details, 101 officers have Grade-17; 150 officers have Grade-18; 133 officers have Grade-19; 64 officers have Grade-20; 18 ... Read More »

Tax directory: 100 MPs yet to file their tax returns

ISLAMABAD: At least 100 out of 1,172 parliamentarians belonging to all political parties did not pay their taxes as per the tax directory of MPs issued by Federal Board of Revenue (FBR).  “To date, all the parliamentarians have obtained NTNs and out of a total of 1,172 parliamentarians, 1,072 have filed their income tax returns for the tax year ending ... Read More »

Arms import: Customs directed to abide by Interior Ministry’s notification

ISLAMABAD: The Federal Board of Revenue has directed the Customs Collectors not to allow import of prohibited bores of weapons and strictly abide by the notification by the Ministry of Interior issued for the purpose. The FBR directed the collectors to observe categories of both prohibited and non-prohibited bore weapons for import purposes under the notification. Collectors of Customs should ... Read More »

Talks on Gwadar port master plan to be held in Beijing

ISLAMABAD: Officials of Pakistan and China will take up the matters of developing a master plan for Gwadar Port during talks in Beijing on February 17. Pakistan’s team will be led by Planning and Development Minister Ahsan Iqbal. Gwadar envisages an investment of $12 billion by Beijing while being part of the economic corridor that will turn Pakistan into a ... Read More »

Reining in corruption within: FBR indecisive on policing powers

ISLAMABAD: The highest decision-making body of the Federal Board of Revenue, the Board-in-Council, remained indecisive to come up with a clear-cut approach and strategy to rein in the corrupt practices within the organization and decide as to who will police its officers. The FBR’s Board-in-Council met amid lack of internal mechanism to check the taxpayers and officials’ collusion for tax ... Read More »

Dar reviews capacity tax collection, grey traffic issues

ISLAMABAD: Finance Minister Ishaq Dar presided over a meeting of the FBR authorities and representative of the beverage companies to discuss revenue collection under the capacity tax rules. The finance minister observed that the capacity system had been introduced in the last budget to allow the industry work freely, without unnecessary interventions from the department while duly contributing to the ... Read More »

FBR launches aggressive drive for broadening tax base: Shahid Asad

ISLAMABAD: FBR Spokesman Shahid Hussain Asad on Friday said that the government is committed to broadening the tax net for the economic revival and to enhance the economic growth in the country. He said that FBR launched an aggressive drive for broadening tax base and in this connection National Tax Number (NTN) has been issued to 3.5 millions taxpayers. He ... Read More »

Customs to continue unwavering fight against smuggling: DG I&I

ISLAMABAD: Director General (DG) Customs Intelligence and Investigation (I&I) Riaz Khan said that Pakistan Customs’ unwavering resolve to uproot cross-border smuggling has rendered amazing results. In the past, different departments including ANF, Pakistan Coast Guards, Pakistan Maritime Security Agency, Pakistan Customs and police worked individually against smuggling but after the Supreme Court directives all these departments are working in close ... Read More »

4 Customs officers promoted to BS-21

KARACHI: The Central Selection Board (CSB) has promoted 21 officers of Inland Revenue Services (IRS) and Pakistan Customs Services (PCS) for BS-21 while another 57 officers have been promoted to BS-20. About 17 officers of IRS were upgraded from BS-20 to BS-21. Only four officers of PCS were approved for promotion to BS-21. About 48 officers from IRS were promoted ... Read More »

Uprooting corruption in FBR: Integrity management policy in the making

ISLAMABAD: The Federal Board of Revenue has going to evolve an integrity management policy for tax officials through a foolproof mechanism to check corruption in the tax machinery. In this regard the FBR Board-in-Council meeting to be chaired by FBR Chairman Tariq Bajwa will discuss the issue of integrity management here on Friday (today). According to details, the Board-in-Council is ... Read More »

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