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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

FBR introduces fiscalization solution for Tier-1 retailers

LAHORE: Federal Board of Revenue (FBR) has introduced fiscalization solution for Tier-1 retailers as envisaged under section 2(43-A) of the Sales Tax Act, 1990 in the guise of Point of Sales(POS) integration with FBR’s computerized system for submission of sale invoice on real time basis. A seminar in this regard was conducted by Regional Tax Office-II, and all the stakeholders ... Read More »

Ramzan mills case: NAB court extends Hamza Shahbaz’s judicial remand till Dec 23

LAHORE: Accountability court on Thursday has extended judicial remand of Opposition Leader in Punjab Assembly Hamza Shahbaz in Ramzan Sugar Mills case till December 23. According to details, strict security arrangements were made on the occasion to avoid any untoward incident. Earlier, the court had allowed the National Accountability Bureau (NAB) to interrogate Pakistan Muslim League-Nawaz (PML-N) senior politician Hamza ... Read More »

Accountability court orders to freeze assets of Shehbaz Sharif family

LAHORE: An accountability court on Wednesday ordered to freeze properties of former Punjab CM and Pakistan Muslim League Nawaz (PML-N) President Shehbaz Sharif and his family members. The National Accountability Bureau (NAB) had filed a petition seeking to freeze properties belonging to Shehbaz Sharif and his family members. The court, in its verdict, directed concerned authorities to freeze all assets ... Read More »

ASF foils bid to smuggle NDP cigarettes at AIIA

LAHORE: The Airport Security Force (ASF) on Tuesday thwarted smuggling bid at the Allama Iqbal International Airport (AIIA) Lahore. According to the ASF spokesperson, a passenger named Amjad Javed, flying to Jeddah via Pakistan International Airlines'(PIA) flight-759 was taken into custody while boarding along with 22 bundles of smuggled cigarettes. The non-customs paid cigarettes bundles were handed over the Pakistan ... Read More »

Orange Line metro train set to hit rails today for trail run

LAHORE: Orange Line metro train is all set to hit the rails today (December 10) for its trial run, while the route has been decorated with flowerpots. According to details, the plan has been finalized for the test run. The OMLT will run from Dera Gujran at 2 pm to Stabling Yard near Ali Town. During the test run, the ... Read More »

Paragon case: Court extends Saad & Salman Rafique’s judicial remand till Dec 23

LAHORE An accountability court on Monday extended the judicial remand of Pakistan Muslim League-Nawaz (PML-N) Member of National Assembly (MNA) Khawaja Saad Rafique and his brother Khawaja Salman Rafique till December 23 in the Paragon Housing Society reference. Presiding judge Jawadul Hassan also allowed former railways minister Saad Rafique to attend the National Assembly’s session in Islamabad. “I want to ... Read More »

FBR starts crackdown against benami assets in Punjab

LAHORE: Federal Bureau of Revenue (FBR) launched crackdown against benami (undeclared) properties and vehicles in Punjab province. According to sources these raids were carried out in Lahore and Faisalabad areas of the province to confiscate undeclared properties and vehicles. “Properties worth Rs 150 million were confiscated in Faisalabad,” said the inspector without elaborating the number of properties. He further said that ... Read More »

All measures will be taken for smooth operation of IRIS system: FTO Mushtaq Sukhera

LAHORE: Pakistan Tax Bar Association (PBA) and Lahore Tax Bar Association (LTBA) office bearers met Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera, PTBA and LTBA and ex-president Naeem Shah, PTBA former general secretary Rana Munir, PTBA senior vice president Habibur Rehman Zubari, general secretary Ferhan Shahzad, finance secretary Shahbaz Sidique, vice presidents Sohail, LTBA Khuram Shabaz Butt, Vice President Ashiq ... Read More »

Punjab to move center for removal of customs duty, taxes on import of air cleaners, face masks

LAHORE: The Punjab finance ministry is all set to move the federal government for removal of customs duty and other taxes on import of air cleaners, face masks and scribers used for safety from the smog.  This was stated by Provincial Finance Minister Hashim Jawan Bakht while presiding over a review meeting of disbursement-linked indicators of Punjab Green Development Programme ... Read More »

Freight trains charges reduced by 10pc: Sheikh Rashid

LAHORE: Federal Minister for Railways Sheikh Rashid Ahmed has on Thursday announced to reduce charges of freight trains by ten percent. The minister talked to media in Lahore and told that the rates will be decreased from tonight. A shuttle train service will be started from Lahore city to Wagah from December 14, he said. Sheikh Rashid vowed to end ... Read More »

NAB to file corruption reference of Chaudhry Sugar Mills case

LAHORE: The National Accountability Bureau (NAB) has started preparation to file a corruption reference against a case related to money laundering through Chaudhry Sugar Mills. Sources said that the investigation officer has apprised NAB chairman Justice (r) Javed Iqbal regarding the preparation of the corruption reference of Chaudhry Sugar Mills case. The initial reference is likely to be filed in ... Read More »

Customs Preventive impounds smuggled POL products from Multan Road

LAHORE: Collectorate of Customs Preventive team impounded huge quantity of smuggled POL products during intelligence based operation (IBO) from Multan Road. Sources told Customs Today that Collector Customs Preventive Ahmad Rauf received credible information about smuggling of POL products. After receiving the above said information the Collector directed Additional Collector Muhammad Ashfaq and Assistant Collector Salman Javed to enhancing patrolling ... Read More »

Customs Preventive team recovers welding electrodes worth Rs20m from Brandreth Road

LAHORE: Collectorate of Customs Preventive team recovered huge quantity of welding electrodes worth Rs20 million during a raid. Sources told Customs Today that Collector Preventive Ahmad Rauf received credible information that huge quantity of welding electrodes are dumped in a godown located at Brandreth Road. He immediately constituted a raiding team under the supervision of Additional Collector Ashfaq Khan, Assistant ... Read More »

Passengers face problems as AIIA website remains down

LAHORE: Passengers facing hurdles as the website of Allama Iqbal International Airport (AIIA) remains down from the last two days. As per details, the passengers facing problems in confirming their flight schedule online. According to the spokesperson, online services have been suspended due to a fault in Karachi’s mainline. Meanwhile, the passengers are forced to wait for online confirmation of ... Read More »

Customs AIIA foils bid to smuggle foreign currency

LAHORE: Collectorate of Customs Allama Iqbal International Airport (AIIA) foiled a bid to smuggle to foreign currency worth Rs291m. Sources told Customs Today that Collector Customs Basit Maqsood Abbasi received credible information about smuggling of foreign currency. He immediately alerted customs staff to enhance checking of passengers going abroad through foreign airlines. The customs team intercepted a passenger Muhammad Sabir, ... Read More »

Customs I&I starts forensic test of truck used in smuggling

LAHORE: Directorate of Customs Intelligence and Investigation has started forensic test of the vehicles being used for transportation of the smuggled good and articles. Sources told Customs Today that the Customs Intelligence and Investigation authorities have started forensic test of the truck that brought illegally dry fruits to Lahore from Quetta. The sources said that the truck being used for ... Read More »

Accountability Court extends remand of Saad Rafique’s till Dec 9

LAHORE: Accountability court on Friday has extended judicial remand of Member of National Assembly Khawaja Saad Rafique till December 9 in Paragon Housing scandal. According to details,  Khawaja Saad Rafique scuffled with security personnel for stopping his party workers from meeting him. On April 26, the NAB Lahore had approved filing of a reference against the Khawaja brothers and Nadeem ... Read More »

Accountability Court extends judicial remand of Hamza Shehbaz by 14 days

LAHORE: The Accountability Court commenced its session today in the ongoing assets beyond means case against Pakistan Muslim League Nawaz’s Hamza Shehbaz on Thursday. The court extended leader of the opposition in the Punjab Assembly’s judicial remand by 14 days and adjourned proceedings till December 12. A supplementary reference in the ongoing Ramzan Sugar Mills corruption investigations being undertaken by ... Read More »

Queen Maxima appreciates Fintech activities

LAHORE: Queen Maxima of the Netherlands, in her capacity as the United Nations Secretary General’s Special Advocate (UNSGSA) for Inclusive Finance for Development, on Wednesday spent an eventful and busy day on the last leg of her visit in the Punjab capital. Upon her arrival, she visited Bykea, a Pakistani company providing mobile application-based services for transportation, logistics and cash ... Read More »

LHC rejects 400 petitions challenging quarter tariff adjustment

LAHORE: The Lahore High Court (LHC) dismissed more than 400 petitions against receiving of quarter tariff adjustment surcharge in the electricity bills from industries. On 25 November 2019,the single bench comprising Justice Ayesha A Malik dismissed the petitions filed by Ghani Global and others. After hearing arguments of all parties, the court had reserved the verdict which was announced on ... Read More »