Monday , November 30 2020
Breaking News
Home / Islamabad (page 649)

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

Transfers and postings of PCS officers

ISLAMABAD: FBR has made the following transfers and postings of the officers of Pakistan Customs Service (BS-20). As per notification, Muhammad Ibrahim Vighio (Pakistan Customs Service/BS-20) has been transferred from Collector Model Customs Collectorate, Quetta to Collector Model Customs Collectorate, Hyderabad; Muhammad Asif Marghoob Siddiqui (Pakistan Customs Service/BS-20) from Collector Model Customs Collectorate, Hyderabad to Collector Collectorate of Customs (Adjudication-II), ... Read More »

FBR to facilitate exporters with one-window service

ISLAMABAD: Federal Board of Revenue has decided to provide one-window service to exporters for their export related business. In the past, if a businessman wanted to export one’s goods, he faced a protracted procedure and had to go three different organisations. The exporter had to get approval from three organisations, namely Input/Output Co-efficient Organisation (IOCO); Engineering Development Board of Pakistan ... Read More »

SC orders Customs to probe into missing containers case

KARACHI: The Supreme Court has ordered Customs officials to investigate the case of 19,000 containers reportedly missing from the Karachi port. A three-member bench of the apex court, headed by Chief Justice Iftikhar Mohammad Chaudhry, was hearing the case over the implementation of the court’s verdict in the Karachi law and order case at the Karachi registry. Issuing an interim ... Read More »

FBR witnesses Rs35b revenue shortfall in July-October

ISLAMABAD: Federal Board of Revenue (FBR) has witnessed revenue shortfall of Rs35 billion in July-October period of the current fiscal year as FBR collected Rs635 billion against the target of Rs670 billion. According to sources, the revenue collection has crossed Rs635 billion during first four months of this fiscal year against Rs546 billion during the corresponding period of last year, ... Read More »

FBR applying int’l customs standards locally, says Dr Zubair

ISLAMABAD: Dr. Mohammad Zubair, Chief International Customs at FBR Headquarters, Islamabad, has said that their role is not only to keep abreast of the ongoing customs reforms and changes internationally but also to implement the emerging trends locally. Cooperation among international customs people is very important to secure the interests of exporters and importers. In an exclusive interview with Customs ... Read More »

FBR orders all MCCs to audit data of cargo movements at ports

ISLAMABAD: FBR has ordered all Model Customs Collectorates to audit data of inter-port cargo movements and confirm whether all unclaimed containers are available at the ports or cleared illegally against fake Goods Declarations, causing revenue loss to the national exchequer. The sources said that after the detection of illegally clearing of the containers at Port Qasim, FBR wants to determine ... Read More »

FBR officials brief IMF delegation about revenue target

ISLAMABAD: A delegation of International Monetary Fund (IMF) has called on FBR Chairman Tariq Bajwa, Directorate General Customs Intelligence & Investigation and other officials here the other day. FBR officials, while giving briefing to the IMF delegation, said that Federal Board of Revenue has set Rs2,475 billion revenue target for the current fiscal year 2013-14, while last year Rs1,939.4 billion ... Read More »

Rawalpindi-Islamabad Customs agents call off strike

ISLAMABAD: Rawalpindi-Islamabad Customs Agents Association has called off its two-day strike against the alleged negative behaviour of Deputy Collector Ayesha Bashir Wani. RICAA President Rana Aqeel told Customs Today that the demands put by the association have been fulfilled by the Collectorate. He said that though the strike resulted in the loss of revenue collection but the association had to ... Read More »

Customs seizes smuggled tyres, rims worth Rs22m in Quetta

QUETTA: Customs Collectorate’s anti-smuggling unit has seized huge quantity of smuggled tyres and rims worth Rs22 million. Sources said that an anti-smuggling unit team headed by Amanullah Tareen conducted raid in Bostan near Kuchlak area, Quetta and seized two 40-feet containers, which were loaded with smuggled tyres and rims. They said that around 1,000 tyres and 1,700 rims were recovered ... Read More »

Shahid Hussain Asad designated as Official Spokesperson for FBR

ISLAMABAD: Shahid Hussain Asad (IRS/BS-21) presently posted as Member (IR Policy), Federal Board of Revenue (Hq) Islamabad is designated as Official Spokesperson for FBR with immediate effect and until further order. He holds a Master’s degree in English Language & Literature from Government College, Lahore, and a degree in Law from University of the Punjab, Lahore. He has undertaken a ... Read More »

SROs issued regarding new entrants of motorcycle manufacturing industry

ISLAMABAD: Under SRO 939 (I)/2013, in exercise of the powers conferred by sub-section (5) of section 18 of the Customs Act, 1969 (IV of 1969), Federal Government is pleased to direct that the following further amendment shall be made in its notification No. SRO 693(I)/2006, dated the 1st July, 2006. In the aforesaid Notification, after the table, for the second ... Read More »

FBR transfers, postings

ISLAMABAD: FBR has transferred and posted 47 officers of BS-17-19 with immediate effect. According to notification, Naheed Azhar (Income Tax/BS-19) on Joining after Leave has been transferred and posted to Additional Commissioner Inland Revenue Large Taxpayers Unit, Karachi; Naveed Ahmad Nawab (Inland Revenue Service/BS-19) from Additional Director, Directorate General of Training and Research (Inland Revenue), Lahore to Chief (OPS), (IT ... Read More »

High speed vessel service in the offing: Michael

ISLAMABAD: Federal Minister for Ports and Shipping, Senator Kamran Michael said that Ministry of Ports and Shipping will introduce a new business venture of high speed food vessel service between Pakistan and Gulf region very soon. The minister said that more than 95 percent of exports and imports were taking place through ports and shipping but trader of food items ... Read More »

FBR to charge sales tax at rate of 16pc

ISLAMABAD: According to SRO 946 (1)/2013, in exercise of the powers conferred by clause (b) of sub-section (2) of section 3 of the Sales Tax Act, 1990, Federal Board of Revenue is pleased to direct that sales tax shall be charged and collected on import and local supply of goods at the rate of 16 percent from the period from ... Read More »

FBR to appoint CM Customs, CM IRS from respective groups

ISLAMABAD: Federal Board of Revenue has removed conflict between Pakistan Customs Service (PCS) and Inland Revenue Service (IRS), and decided to post the officials of PCS and IRS as ‘FBR chiefs’ from the respective management’s in the Administration Wing. Sources said that as per the decision taken in the Board-in-Council meeting, the officials of other occupational groups and services cannot ... Read More »

Customs seizes smuggled goods worth Rs240m

QUETTA: Customs Collectorate in Balochistan, while acting on the orders of Supreme Court, carried out operations and seized different items, including vehicles, worth Rs240 million smuggled into the country from Afghanistan and Iran. During the hearing of a case relating to the law and order situation in Balochistan at the Quetta registry of Supreme Court, Chief Justice Iftikhar Muhammad Chaudhry ... Read More »

Rawalpindi-Islamabad Customs Agents observe strike

ISLAMABAD: Rawalpindi-Islamabad Customs Agents Association observed strike on Saturday against the alleged negative behaviour of Deputy Collector Ayesha Bashir Wani. R-ICAA President Rana Aqeel told Customs Today that though the deputy collector is hard working and has been helping the government generating heavy revenue but her behaviour towards customs agents is harsh. “Ayesha Wani does not give due respect to ... Read More »

Poor response to FBR’s campaign for widening tax net

ISLAMABAD: Federal Board of Revenue Member Facilitation and Taxpayer Education (FATE) and Spokeswoman Riffat Shaheen Qazi has said FBR is taking serious measures to broaden the tax net. “Over 31,000 notices were sent to ‘tax evaders’ in the last three months but only 1,153 people registered themselves on voluntarily basis,” she said while talking to the media after the inauguration ... Read More »

Customs Houses to remain open on Oct 26

ISLAMABAD: Model Customs Collectorates will remain open and observe normal working hours on October 26 (Saturday) in order to facilitate the trade and industry in getting their cargo cleared for imports/exports and payment of duty and taxes. A notice issued here Friday by Federal Board of Revenue also advised the Chief Collectors to coordinate with management of the State Bank ... Read More »

Commission for curbing smuggling of foreign currency

ISLAMABAD: One-man Commission on ‘smuggling of arms and ammunition’, while taking steps to curb transferring of foreign exchange through hundi/hawala, has recommended a currency declaration form for all outgoing international passengers. The Commission, headed by former FBR Member Customs Ramzan Bhatti, has suggested making it mandatory for all outgoing international passengers to declare the foreign currency that they are taking ... Read More »