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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

LHC grants bail to Fawad Hasan Fawad in assets case

LAHORE: Lahore High Court (LHC) on Tuesday has approved bail ofNawaz Sharif’s principal secretary Fawad Hasan Fawad in illegal assets case. During the hearing, Fawad’s lawyer told the court that his client was arrested in 2018 but no indictment proceeding was carried out against him. The court remarked why National Accountability Bureau (NAB) has not apprehended the three benami suspects ... Read More »

PRA tax collection increases 23pc in H1FY20

LAHORE: The Punjab Revenue Authority (PRA) has claimed that it has increased its tax collection by 23.2% in the first half of fiscal year 2019-20. As per official statistics, the provincial revenue authority has managed to earn Rs53.2 billion in six months of 2019-20 against Rs43.2 billion in the corresponding period. PRA has been given a revenue target of Rs166.550 ... Read More »

Essential commodities’ prices rise from Sept to Jan 2020

LAHORE: Prices of essential commodities have skyrocketed, bringing massive financial pressure on the common man. According to media investigation report, significant hike in the prices of pulses, wheat flour, chicken, ghee, sugar, vegetables, LPG, garlic, tomatoes, onion, potatoes, mutton, tea and other items of daily use was observed in the period from Sept. 2018 till Jan. 2020. The price of ... Read More »

Orange Line train service to start for public on March 23

LAHORE: The Punjab government has announced to start the Orange Line Metro Train (OLMT) service for public on March 23. According to details, China Pakistan Economic Corridor (CPEC) Authority Chairman Lt. Gen (r) Asim Saleem Bajwa ordered to inaugurate the service for public in two months and directed the contractors to speed up the work. It is pertinent here to ... Read More »

Irregularities worth Rs11.82b revealed in NTDC

LAHORE: Irregularities worth Rs 11.82 billion have been revealed in the National Transmission and Despatch Company (NTDC) as per special audit report. According to details, contracts were given to favorite companies and overpayments of Rs 3 billion were made. The NTDC suffered loss of Rs 19.50 crore in Neelum-Jhelum transmission line contract. GST fund worth Rs 4.10 billion was not ... Read More »

ADC Preventive transfers 1 superintendent, 18 inspectors

  LAHORE: Collectorate of Customs (Enforcement and Compliance) Additional Collector Mohammad Saeed Wattoo issued orders for transfer and posting of following officers with immediate effect and until further orders:- Superintendent Riasat Ali Javaid from headquarters to recovery branch Inspector Muhammad Moazzam Khan from State Warehouse, TNB to ASO Inspector Waheed Iqbal Bhatti from Headquarters to I&P Inspector Abdul Rashid from ... Read More »

Economy cannot run around with high mark-up rate: Punjab Governor Ch Sarwar

LAHORE: Punjab Governor Ch Muhammad Sarwar has said that economy cannot run around with high markup rate and expensive energy. The Governor expressed these view while addressing a grand reception hosted by the Pakistan Industrial and Traders Associations Front in honour of Mian Anjum Nisar for being elected as Federation of Pakistan Chambers of Commerce and Industry (FPCCI) president the ... Read More »

Collector Appraisement transfers appraisers, inspectors

LAHORE: Collectorate of Customs Appraisement and Facilitation Mughalpura Dryport, Deputy Collector Mohammad Nauman Tashfeen issued orders for transfer and posting of 4 appraisers and 32 inspectors with immediate effect and until further orders:- Details are as under:- 1. Appraiser Faryal Amber from Appraisement Hall to DTRE 2. Appraiser Razia Yaqoob from Appraisement Hall to PRV Cell 3. Appraiser Qasim Khan ... Read More »

Excise dept holds auction of attractive registration numbers for 2020 cars

LAHORE: The Excise Department has auctioned an attractive registration numbers of the first serial marks “LE-20” for 2020 vehicles. On the first day, citizens showed less interest in bidding. However, LE-1 was the most expensive number which was auctioned at Rs4,530,00. In the beginning of the year 2020, the attractive numbers of the serial LE-20 of the cars were auctioned ... Read More »

Ishaq Dar’s Lahore bungalow to be auctioned on Jan 28

LAHORE: Following the orders of accountability court, the auction of former finance minister Ishaq Dar’s bungalow in Gulberg Lahore will be carried out on January 28 at 12 pm. According to details, the local administration has also posted the advertisement of the auction. The government price of the 4 kanal and 17 marlas house has been decided as Rs18 crore. ... Read More »

JIT formed to investigate customs corruption case of Rs140m

LAHORE: Additional Director General Federal Investigation Agency (FIA) has formed a special joint investigation team to investigate into embezzlement of Rs 140 million in the wake of currency at Customs ware house. Earlier in December 2019 the Federal Investigation Agency (FIA) registered a case against Pakistan two Customs officials for embezzling Rs140 million worth of foreign currency. FIA officials said ... Read More »

FTO orders audit of non-customs paid vehicles auction

LAHORE: The Federal Tax Ombudsman (FTO) has ordered the Federal Board of Revenue (FBR) and customs authorities to complete audit of the auction of vehicles which were impounded from different people on allegations of illegal import and non-customs paid. Sources told Customs Today the FTO Mushtaq Ahmad Sukhera has ordered inquiry of the matter and audit from 2013 to 2019. ... Read More »

Customs Preventive posts 24pc growth during 1H of F2019-20

LAHORE: Collectorate of Customs Preventive showed outstanding performance during first six months (July to December) Fiscal Year 2019-20. The performance of Customs Collectorate of Preventive remained commendable. The Collectorate during this period, in light of Chief Collector (Enforcement) Zeba Hai Azhar, and supervision of Collector Ahmad Rauf made 115 seizure of smuggled goods worth Rs668 million which is 24 percent ... Read More »

8 cases transferred to customs court after amendment in NAB ordinance

LAHORE: After amendment in National accountability ordinance of Pakistan 8 cases have been transferred to special customs court from accountability courts of Lahore. According to details available to Customs Today cases of different types were in process in accountability courts. Now after amendment in accountability ordinance 8 cases have transferred to the special federal court of customs taxation and smuggling ... Read More »

FIA files case against two customs employees

LAHORE: The Federal Investigation Agency (FIA) registered a case against two Customs officials for embezzling Rs140 million worth of foreign currency. According to sources, FIA officials said the agency has filed the case against Customs inspector and in-charge storehouse of valuable godown Lahore Khalid Parvaiz Bhutta, and former in-charge Muhammad Yousaf Khan and others. Sources disclosed that FIA made the ... Read More »

Customs AIIA recovers liquor from 9 passengers

LAHORE: Collectorate of Customs team deputed at Allama Iqbal International Airport recovered 33 bottles of liquor from 9 incoming passengers in early hours of Thursday. Sources told Customs Today that Collector Customs Airport Basit Maqsood Abbasi received credible information that some passengers carrying foreign origin liquor are arriving at Allama Iqbal International Airport. He directed Deputy Collector Zainab Mehmood Khawaja ... Read More »

FBR to probe 24,000 Pakistanis for buying dollars in large quantity

LAHORE: The Federal Board of Revenue (FBR) has obtained the data of 24,000 Pakistanis who had purchased large quantity of dollars during the fiscal year 2017-18. According to FBR sources, the officials of the Board are investigating the tax records of these individuals and preparing to grill them. 9,880 of these people are based in Lahore. The board has sent ... Read More »

Customs Preventive recovers smuggled sofa cloth worth Rs20m

LAHORE: Collectorate of Customs Preventive anti-smuggling squad recovered huge quantity of non-duty paid sofa cloth from Gowalmandi. Sources told Customs Today that Collector Customs Preventive Ahmad Rauf received credible information that huge quantity of non-duty paid cloth is dumped in a godown. He directed Additional Collector Ashfaq Ahmad Khan and Assistant Collector Salman Javed to take action. Assistant collector constituted ... Read More »

POS will help retailers to prepare sales tax returns without hassle: FBR Member IT Asim Ahmad

LAHORE: A seminar on “Point of Sales (POS) Integration of Tier – 1 Retailers, jointly organized by the Lahore Chamber of Commerce & Industry and Federal Board of Revenue held at Lahore Chamber of Commerce and Industry. LCCI President Irfan Iqbal Sheikh, Vice President Mian Zahid Jawaid Ahmad, Member IT FBR Asim Ahmad, Chief Commissioner Inland Revenue Ahmad Shuja Khan, ... Read More »

Customs I&I impounds Rs5m illegally imported vehicles

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) has impounded over Rs5 million illegally imported vehicles. Sources told Customs Today that Director Sadia Munib received credible information that some non-duty paid vehicles are plying in Lahore. She immediately directed I&I teams to enhance patrolling to intercept non-duty paid vehicles. Sources told that I&I team intercepted Mercedes Benz and Toyota Primo. ... Read More »