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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

Customs ASO seizes Rs2089.44m smuggled goods, vehicles from July to November

LAHORE: Collectorate of Customs Enforcement and Compliance Anti-Smuggling Organization (ASO) has seized huge quantity of smuggled / non-duty paid goods and vehicles during July,2020 to November, 2020 worth Rs2089.44 million. Sources told that Anti-Smuggling Organization of Customs Collectorate Enforcement & Compliance on the directions of Basit Maqsood Abbasi, Collector of Customs headed by Muteen Alam, Additional Collector, Ali Tauqir, Assistant ... Read More »

Carpet industry has potential to dominate global markets: PCMEA

LAHORE: The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) said that country s carpet industry had great potential to dominate global markets with innovative designs. PCMEA Senior Vice Chairman Riaz Ahmed stated this in a meeting here at Carpet Training Institute (CTI) and a several members of the association also participated in the meeting through video link due to second ... Read More »

Pakistan Customs clears 603 Sikh Yatrees at Wagha Border

LAHORE: Pakistan Customs has cleared over 603 Sikh Yatrees at Wagha Border here Friday. Sources told Customs Today that Customs Wagha Superintendent Miss Hira Khan, Principal Appraiser Shahid Joiya and Muhammad Shabir and others completed the clearance process of the Sikh Yatrees. Sikh Yatrees have arrived in Pakistan from India through the Wagha Border to attend the 551st birth anniversary ... Read More »

Importers urges govt to stop smuggling at borders

LAHORE: The business community announced to hold protest demonstrations against customs anti-smuggling organization from September 1. The traders announced that the government should put checks on the smuggling activities at the borders instead of raiding in markets. The traders held a meeting against the ASO under the chairmanship of Khawaja Amir Nazir in the Shah Alam Market along with other ... Read More »

Govt exempts QABP from duty, taxes on import of industrial machinery

LAHORE: The federal government has granted a concession of tax holiday and exemption of duties and taxes on import of industrial machinery in Quaid-e-Azam Business Park (QABP). Meanwhile the electricity supply is up to 2.2 megawatt is available for those who immediately are interested to set up their industrial units. Furthermore, the gas pipeline infrastructure is almost ready. This was ... Read More »

Collector AIIA Azmat Tahira distributes work among deputy, assistant collectors

LAHORE: Collectorate of Customs Allama Iqbal International Airport (AIIA) Azmat Tahira has issued office order for distribution of work among following officers with immediate effect and until further orders:- Usman Tariq, Deputy Collector assigned work at H.Q, MIS-I, Group-III ICG assessment, ICG examination, law, I&P, ACCU Saqib-ur-Rehman, Deputy Collector, assigned work at airport (traffic), accompanied baggage, state warehouse, export, adjudication, ... Read More »

Entrepreneurs to get plots possession in SEZs, industrial estates

LAHORE: The Punjab Industrial Estates Development & Management Company (PIEDMC) has decided to hand over possession of plots to industrial entrepreneurs on preferential basis, in all the economic zones established by PIEDMC in the province. PIEDMC Chairman Syed Nabeel Hashmi told media here that object of the preference is to speed up industrialization process and provide facilities to potential industrialists ... Read More »

FBR urged to ensure corrections pertaining to charging of minimum tax liability by system

LAHORE: In letter written to FBR chairman the Pakistan Tax Bar Association (PTBA) has received many complaints / requests from the affiliated tax bars of the country that the income tax return for tax year 2020 needs some corrections pertaining to charging of minimum tax liability by the system because the system / IRIS e-portal is calculating/ charging minimum tax ... Read More »

Afghanistan, Iran Customs collaborate with Pakistan to set up border markets

LAHORE: Customs authorities of both Afghanistan and Iran have started cooperating with Pakistan in order to establish customs border markets at border areas of these two neighboring countries. The policy will be drawn out with the help of Afghan authorities and Iranian customs for establishing border markets in these areas. Regarding this, the FBR is also interacting with the customs ... Read More »

Govt likely to dissolve all customs, tax tribunals

LAHORE: The government is all set to dissolve Customs and tax tribunal and establish a larger tax court under the headship of retired judges of the supreme court of Pakistan and high courts, a source said. As per details, it has been decided that all the tax tribunals including customs and tax insurance, environmental and other will be dissolved and ... Read More »

FBR yet to establish extravagance, tax evasion in ‘extravagant’ Lahore wedding

LAHORE: Federal Board of Revenue report furnished on the allegedly extravagant wedding ceremony of Gujranwala industrialist’s daughter failed to establish the ceremony was indeed extravagant. According to the sources, FBR investigation team delegated to ascertain any anomalies in the ceremony submitted its report to the head office today without proof of tax evasion, extravagance or anomalies in transactions. Moreover, the ... Read More »

Customs I&I seizes smuggled goods worth Rs40m

LAHORE: Directorate of Customs Intelligence and Investigation (I&I) has seized smuggled goods worth Rs40 million near Pattoki. Sources told Customs Today that Director Customs I&I Asad Raza has directed his team to keep strict vigilance on the movements and distribution of smuggled goods in the jurisdiction. The Customs I&I undertook a crackdown against smuggled goods belonging to notorious smugglers Niaz ... Read More »

FBR working to establish close liaison with business community

LAHORE: The Chief Commissioner Inland Revenue Ahmad Shuja Khan has said that FBR is working to establish close liaison with business community. The Chief Commissioner was speaking at an interactive session with businessmen in Lahore. The Chief Commissioner added that it was a long standing demand of the business community that tax forms are cumbersome therefore it was decided to ... Read More »

Customs ASO impounds over Rs2b contraband goods, vehicles

LAHORE: Collectorate of Customs Enforcement & Compliance (E&C) Anti-Smuggling Organization(ASO)  has seized over Rs2 billion contraband goods, vehicles during July 1 to November 14, 2020, registering a handsome growth of  367.73 percent as compared to the same period  last  financial. According to the details, Collectorate of Customs Enforcement & Compliance, Lahore has thus delivered an unprecedented performance since the new ... Read More »

Govt wants to reduce undue burden of duty, taxes: Hammad Azhar

LAHORE: The government has always wanted to reduce undue burden of taxes to ensure fast growth of trade, industry and economy. He said that economy of Pakistan has taken a remarkable turnaround and economic indicators are portraying a positive picture. Global economy is squeezing at the rate of 4.5 per cent while Indian economy is squeezing over 10 percent due ... Read More »

Customs ASO seizes goods & vehicles worth Rs2007.36m

LAHORE: The Anti-Smuggling Organization of Customs Collectorate of Enforcement & Compliance on the directions of Basit Maqsood Abbasi, Collector of Customs  headed by  Muteen Alam, Additional Collector, Ali Tauqir, Assistant Collector, Isfandyar Ikram Khan, Assistant Collector, and team consisting of Abdul Hameed Bhatti, Nasir Saeed, Abdul Rehman Butt, Hassan Mehmood, Abdul Ghaffar and M. Asghar Purewal,  inspectors seized huge quantity ... Read More »

Courier companies will file GD in WeBOC system

LAHORE: The courier companies will file Goods Declaration (GD) in the WeBOC system on behalf of e-commerce exporters, sources said on Friday. It is a joint effort with State Bank of Pakistan (SBP), commerce ministry, and e-commerce operators, to formulate a facility that would promote consumer e-Commerce exports, according to a press statement issued by the Federal Board of Revenue. ... Read More »

$163,940 transferred to Salman Shehbaz from milkman’s account, reveals probe

LAHORE: An ongoing investigation into money-laundering charges against PML-N president Shehbaz Sharif and his family members has brought to light yet another suspicious money transfer of $163,940 to his son Salman Shehbaz. According to details, the hefty amount was transferred to Salman Shehbaz from an account in the name of Rana Zeeshan, a resident of Punjab’s Pattoki city. The amount ... Read More »

New e-portal to deal with auction of goods seized by Pakistan Customs

LAHORE: The Federal Bureau of Revenue (FBR) has launched a new e-portal for the auction of assets and goods confiscated by the customs department. The new system will enable potential buyers to purchase goods without being physically present in auctions that are held inside customs warehouses. The new e-auction system will enable the customs department to hold auctions online. It ... Read More »

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