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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

Mian Anjum Nisar for lowering import duty on smuggling prone items

LAHORE: Federation of Pakistan Chambers of Commerce and Industry President Mian Anjum Nisar has called for lowering of import duty on smuggling prone items, increasing the share of direct taxes in revenue and decreasing the slab of indirect taxes to achieve key economic targets set for the year 2020-21. “Both export as well as the local industries should be facilitated. ... Read More »

PIAF-Founders Alliance bags all 8 seats of LCCI Associate Class with thumping margin

LAHORE: The PIAF-Founders Alliance made another clean sweep by winning all the 8 seats of LCCI Associate Class for year 2020-21 paving the way for the Alliance to have its president, senior vice president and vice president. Total 4751 votes were polled out of 10,670 while 102 votes were rejected due to technical reasons. PIAF-Founder Alliance got 2477 panel votes ... Read More »

LCCI polls: PIAF-Founder Alliance clean sweeps first phase

LAHORE: The PIAF-Founders Alliance made clean sweep by winning all the 7 seats of LCCI Corporate Class for year 2020-21. Total 948 votes were polled out of 3179 while 19 votes were rejected due to technical reasons. PIAF-Founder Alliance got 701 panel votes while the other candidates secured only 21 panel votes. Election Commission was consisting Sohail Lashari, Shahid Hassan ... Read More »

1,872km rail track to be laid for ML-1 project: minister

LAHORE: Railways Minister Sheikh Rasheed Ahmed said that a 1,872-kilometre-long new rail track will be laid out under the Main Line-1 (ML-1) project, adding that the project will generate some 150,000 job opportunities. Addressing a ceremony, the minister said that the incumbent government will root corruption out of the country under the leadership of Prime Minister Imran Khan. He noted ... Read More »

CCP raids Lahore office of Jahangir Tareen’s sugar mills, seizes important record

LAHORE: A team of the Competition Commission of Pakistan on Friday raided the office of JWD Sugar Mills, owned by Jahangir Khan Tareen, in Lahore. According to sources, the team seized important record during the raid. Sources further said that the commission conducted the raid in the light of records taken from the office of the Sugar Mills Association on ... Read More »

There is dire need to diversify exports in terms of markets: Ali Hussam Asghar

LAHORE: In order to achieve a sustainable growth rate, there is a dire need to diversify the exports in terms of markets as about 55 percent of Pakistan’s exports go to ten countries namely, USA, China, UAE, Afghanistan, UK Germany, France, Bangladesh, Italy and Spain. The USA has the largest share of exports (16%) followed by European Countries (11%) in ... Read More »

Chief Collector Faiz Ahmad asked to take action against corrupt customs officers

LAHORE: Punjab Industries, Commerce, Investment & Skill Development Department has urged Chief Collector, Customs, Faiz Ahmad to take strict action against corrupt customs officials and remedial actions should be taken like returning confiscated goods and de-selling sealed premises. The department stated that Lahore Chamber of Commerce &Industry (LCCI) is a premium chamber of Pakistan having more than 28000 members belonging ... Read More »

Pakistan Customs, IR IOs told to work independently to reach conclusion

  LAHORE: Pakistan Customs and Inland Revenue (IR) inquiry officer has been asked to actively inquire into and apply an independent mind to arrive at a conclusion not rely only on the ability of the Department Representative (DR) to prove or disprove the charges leveled against any employee under the Government Servants Efficiency & Disciplinary (E&D) Rules, 1973. It is ... Read More »

Money laundering: LHC extends Shehbaz Sharif’s interim bail till Sept 24

LAHORE: Lahore High Court (LHC) on Tuesday has extended Shehbaz Sharif’s interim bail in money laundering case till September 24. According to details, a two-member bench of LHC heard the matter, during which Shehbaz Sharif’s lawyer continued his arguments. Previously, LHC had extended interim bail of Shehbaz Sharif till September 22 in money laundering case. The local administration also ensured ... Read More »

Tender for construction of important M-8 section issued: Asim Saleem Bajwa

LAHORE: China–Pakistan Economic Corridor (CPEC) Chairman Authority Asim Saleem Bajwa announced that the tender for the construction of an important section of the M-8 has been issued. In a tweet, Bajwa said that the M-8 would “improve the connectivity of Gwadar Port, revolutionise socio-economic development of the region and bring prosperity through addressing the long term deprivation”. According to Bajwa, ... Read More »

Pakistan’s exports revolved around cotton, wheat, rice & sugarcane: President Alvi

LAHORE: President Dr Arif Alvi has said that Pakistan is making all out efforts for peace in Afghanistan as this will benefit it in a big way. Pakistan would not only be having a good export market but it would ensure access to other neighboring countries. He said the diversification and value addition of products are a must to achieve ... Read More »

Govt urged to refund demurrage & detention charges to Pakistani importers

LAHORE: The government should refund demurrage & detention charges to Pakistani importers which they paid to get their goods and articles released amid the worst ever period of COVID-19 pandemic. This was stated by Nasir Hameed Khan LCCI ex-Vice President while talking to Customs Today in an exclusive talk with the newspaper’s special correspondent.  He said that importers across the ... Read More »

FBR imposes major penalty of ‘compulsory retirement’ on lady tax officer

LAHORE: Federal Board of Revenue (FBR) imposed major penalty of ‘compulsory retirement’ upon a lady tax officer on the charges of misconduct i.e. unauthorized absence from duty. In an order, the FBR said that disciplinary proceedings were initiated under the Government Servant (Efficiency & Discipline) Rules, 1973 against Ms. Saira Bano (IRS/BS-18), Deputy Commissioner-IR/OSD, Regional Tax Office, Lahore through charge ... Read More »

SBP’s reserves rise $13m to $12.8b

KARACHI: The State Bank of Pakistan’s (SBP) net reserves increased by $13 million to $12.82 billion during the week ending on 11th of September. Detailing the position of the reserves, the SBP, in a statement said that the overall foreign reserves of the country stood at $19.95 billion. Giving its breakup, it said that the SBP currently held the foreign ... Read More »

Missing persons’ families praise commission chief Justice Javed Iqbal  

LAHORE: Justice Javed Iqbal, Chairman, Commission of Inquiry on Enforced Disappearances during his two days visit to Lahore presided over hearings in 25 cases of alleged enforced disappearances pertaining to the province of Punjab on 16th and 17th September, 2020 despite his extremely important commitments in NAB, Lahore. During these hearings, as many as sixteen missing persons have been traced. ... Read More »

LHC imposes ban on use of polythene bags across Punjab

LAHORE: The Lahore High Court (LHC) on Thursday banned use of polythene bags in the province. LHC Judge, Justice Shahid Kareem heard the petition, seeking a ban on polythene bags, terming it hazardous for the environment and human health. “Polythene bags are creating environmental pollution”, the applicant stated in his plea. The LHC after hearing of the case, slapped a ... Read More »

LHC suspends FBR notices to Maryam Nawaz

LAHORE: Lahore High Court (LHC) on Wednesday suspended notices issued by Federal Board of Revenue (FBR) to vice president of Pakistan Muslim League-Nawaz (PML-N) Maryam Nawaz. During the hearing of plea filed by Maryam Nawaz against the notices, LHC ordered FBR to submit its reply on next hearing. Earlier, Maryam Nawaz filed an appeal through her counsel against LHC single ... Read More »

Customs E&C to conduct auction of 10 impounded vehicles tomorrow

LAHORE: Collectorate of Customs Enforcement and Compliance (E&C) will hold auction of confiscated vehicles tomorrow September 16, 2020. The auction will be held Collectorate of Customs State Warehouse Shahnoor Studio Multan Road. The following vehicles will be offered for the auction: Honda Civic Car (Re-Born), Model 2005, Reg. No. ANW-069, Chassis No. FDI-1000633 Toyota Vitz Car, Model 2006, Reg. No. ... Read More »

MoU signed between FBR & Punjab Excise Taxation Office

LAHORE: Federal Board of Revenue (FBR) and Excise, Taxation and Narcotics Department of Punjab have signed a Memorandum of Understanding (MoU) for real time integration of data bases. The MoU signing ceremony took place in the office of Director General ET& NC in Lahore. Minister for Excise and Narcotics Punjab Hafiz Mumtaz Ahmad, Member IT, FBR Asim Ahmad, Secretary Excise ... Read More »

CM Punjab orders to make OLMT service operational from October: sources

LAHORE: Chief Minister (CM) Punjab Usman Buzdar on Tuesday has ordered to make Orange Line Metro Train (OLMT) service operational from October, according to CM House Punjab sources. Well-informed sources said that the chief minister had recommended making the OLMT operational before the cabinet. The mechanical work of the Orange Line Metro Train service has been completed, sources said. On ... Read More »