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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

PTBA urges FBR to reimburse refunds to companies assuring job security to employees

LAHORE: Pakistan Tax Bar Association (PTBA) has urged Federal Board of Revenue (FBR) to like the  process and mechanism of issuance of refund to  job security of the works of the refund receiver companies. “We would like to express our gratitude  and appreciate the steps taken by the government to allocate funds for the issuance of refunds to the taxpayers ... Read More »

COVID-19: Terminal authorities, shipping companies asked to allow waiver of demurrage, detention on all containers lying at port

KARACHI: Directorate of General Transit Trade (DGTT) has urged all terminal authorities to allow waiver of demurrage on all containers lying at the port since 16.03.2020 till such time all containers have crossed border after resumption of trade activities at the Western border. Likewise, the shipping companies/ association may like to waive the container detention charges which will accrue on ... Read More »

Port storage, container detention charges period be increased, demands ex-PASPIDA vice chairman

LAHORE: Ministry of Ports and Shipping has been urged to strictly order shipping lines inscribing each lines name in the order to increase free time for port storage charges operated by terminal operator and container detention charges manage by shipping lines keeping in view the COVID-19 calamity due to which lockdowns have been imposed and all the ways of communication ... Read More »

Ports & shipping lines authorities not complying with FBR direction: PCMA

LAHORE: Pakistan Chemical Manufacturers Association (PCMA) has complained that the ports and shipping lines authorities are not complying with the FBR direction to extend the free period for importers for another 15 days in view of the continued corona crisis in the country, due to which the chemical manufacturers are unable to lift their imported raw materials from the ports. ... Read More »

COVID-19: PICT extends Demurrage Free Period, others urged to follow suit in national interest

LAHORE: Following Customs Today ran a story under the heading ‘COVID-19: Govt, FBR urged to force shipping lines to extend free time period, ”Pakistan International Container Terminal Limited (PICT) has extended Demurrage Free Period from existing five days to ten days on import containers of vessels arrived between 20-March 2020 to 6th April 2020. Friends of Economics and Business Reforms ... Read More »

Private Terminal Operators reject FBR proposal to waive detention & demurrage charges

LAHORE: Private Terminals Operators have rejected Federal Board of Revenue (FBR) proposal to waive detention and demurrage charges for 15 days, sources said. The private terminals operators said that they cannot interfere into the matters of Ministry of Ports, Shipping and Maritime Affairs. Earlier, FBR has sought extension of free period at port terminals from chairman, Karachi Port Trust (KPT), ... Read More »

FBR seeks 15 days extension in free period from KPT, port terminals

LAHORE: Federal Board of Revenue (FBR) has sought extension of free period at port terminals from chairman, Karachi Port Trust, chairman, Port Qasim Authority (PQA) and other authorities. The FBR referred to Federation of Pakistan Chambers of Commerce & Industry’s (FPCCI) representation March 30, 2020 on the subject of free period for importers. According to FBR, Pakistan is currently facing ... Read More »

Call to reform customs duty, taxation system

LAHORE: There is an urgent need of reforming and simplifying customs duty and taxation system with the consultation of real stakeholders, besides addressing the issue of double taxation through integration of provincial and federal governments laws and harmonization of FBR and Punjab Revenue Authority (PRA). These views were expressed by the Pakistan Industrial & Traders Association Front prominent leader Engr. ... Read More »

Coronavirus Cure: Blood Plasma of Iran, Iraq Pilgrims Can Be Used As Medicine

LAHORE (Tabassum Zehra): Many researches are in process to find a cure for COVID-19, a disease that has put the whole world in a frenzy. After a long period of hopelessness, a ray of hope can be seen in the form of purified blood plasma where the blood of already cured people is used as a medicine for those who ... Read More »

Textile industry seeks special permission to keep factories open

LAHORE: Textile exporters have appealed to Prime Minister Imran Khan to consider exports on a par with essential services amid the corona virus pandemic and bind Pakistani missions abroad to help sustain exports orders already in place with foreign buyers. They urged the premier to give special instructions to the ambassadors, consul generals and trade officer/ commercial counsellors designated abroad ... Read More »

Textile industry seeks special permission to keep factories open

LAHORE: Textile exporters have appealed to Prime Minister Imran Khan to consider exports on a par with essential services amid the corona virus pandemic and bind Pakistani missions abroad to help sustain exports orders already in place with foreign buyers. They urged the premier to give special instructions to the ambassadors, consul generals and trade officer/ commercial counsellors designated abroad ... Read More »

Punjab govt announces Rs18b tax waiver, Rs10b relief package

LAHORE: Punjab Chief Minister Usman Buzdar announced that his government had decided to waive Rs18 billion in taxes besides providing relief worth Rs10bn to 2.5 million households in the province. The measures are being taken to provide relief to the population as it grapples with the COVID-19 epidemic. As per the CM’s directives, Rs4,000 per month will be given to ... Read More »

Hamza Shehbaz approaches LHC for bail amid fears of corona virus

LAHORE: Hamza Shehbaz asked the Lahore High Court to allow him bail due to coronavirus fears in NAB case here on Saturday. Hamza Shehbaz, who is also central leader of PML-N, moved another plea before the Lahore High Court seeking his bail in money laundering case that he was feeling completely unsafe due to spreading Coronavirus. He asked the court ... Read More »

Govt appealed to waive detention, demurrage charges for next two months

LAHORE: Pakistan FMCG Importers Association (PFIA) has appealed to the government and the State Bank of Pakistan (SBP) to waive, all demurrages/detention charges and penal interest for next two months, levied on imported goods kept in bonded warehouses due to the lock down clamped by different provincial governments due to Corona Virus attack. Lockdown, delays in clearance of cargo and ... Read More »

Customs House, ASO to remain operational for 15 days

LAHORE: Custom House as well as Anti-Smuggling Organization (ASO) shall remain open for official work as per instructions circulated by the federal government from time to time with effect from 24.03.2020 for next fifteen days. According to the details, keeping in view the current emergency situation due to spread of Corona Virus causin8COVID-19 disease and in line with the policy ... Read More »

Customs Appraisement to auction M/s Alshmshare Engineering property on March 28

LAHORE: Collectorate of Customs Appraisement has announced to conduct auction of M/s Alshmshare Engineering property located at Din Road Industrial Area Badami Bagh on March 28 at 11 a.m. Sources told Customs Today that total market value of the property is over Rs150 million. Sources further told that property is being auctioned as the owners of the property have failed ... Read More »

Collector Appeals Naureen Tarar clears 300 pending cases within three months

LAHORE: Collector Appeals Naureen Ahmad Tarar has cleared the backlog of pending cases in Customs Appeals Department as she decided over 300 cases including 150 of customs appeals and 150 of customs adjudication within three months from December 2019 to February 2020. She decided all the cases on merit either they were belonged to the department or the public. Collector ... Read More »

127,000 face masks being produced in Punjab everyday

LAHORE: Punjab Primary and Secondary Healthcare Secretary Capt ®  Mohammad Usman has said that 127,000 face masks are being produced in the province everyday. He added that 50,000 masks are being produced in Lahore, 40,000 in Rawalpindi and 20,000 in Faisalabad respectively along with other cities in the province. Usman added that the department is also working on increasing the ... Read More »

LESCO asked to ensure subsidised electricity for exporters

LAHORE: The All Pakistan Textile Mills Association (APTMA) has asked the Lahore Electric Supply Company (LESCO) to revise power tariff to the already approved 7.5cents per Kwh. In a letter to LESCO Chief Executive Officer (CEO) Mujahid Pervaiz Chatha, APTMA Punjab Chairman Adil Bashir stated that the association members located in and around Lahore had received electricity bills which included ... Read More »

ASO recovers Rs500m illegally imported goods & vehicles in 20 days: Basit Maqsood Abbasi

LAHORE: Customs Anti Smuggling Organization (ASO) recovered Rs 500 million illegally imported smuggled goods and vehicles during 20 days of current month March 2020. ASO official sources told Customs Today the Collectorate has planned to achieve the set target of Rs 800 million during the month of March 2020. The sources said that said that on directions of Collector Customs ... Read More »