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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

47 candidates to vie for LCCI polls

LAHORE: A total of 47 candidates have filed their nominations for the upcoming Lahore Chamber of Commerce and Industry (LCCI) polls. 21 candidates filed papers for Corporate Class while 26 submitted nominations for Associate Class seats. LCCI Secretary General Syed Muhammad Saqlain received the nomination papers. Final list of candidates will be issued on September 19 while polls for Corporate ... Read More »

PIAF-Founders Alliance kick-starts its election campaign

LAHORE: The PIAF-Founders Alliance on Tuesday kick-started its election campaign by inaugurating election office for Corporate and Associate Class LCCI polls scheduled for September 23 and 24. The ribbon-cutting was jointly performed by the PIAF-Founders Alliance leaders Mian Muhammad Ashraf and Mian Anjum Nisar in the presence of former LCCI Presidents Shahzada Alam Monnoo, PIAF Chairman Malik Tahir Javaid, LCCI ... Read More »

Smuggled goods worth Rs 3.5 seized

LAHORE: Anti-smuggling scout number 1 seized miscellaneous goods worth Rs 3.5 million. Customs Anti-smuggling scout number 1 on a tip-off raided a truck full of various smuggled items including Aluminum Foil Paper 680 kgs, 2200 boxes of Indian bangles, auto parts and miscellaneous goods worth Rs 3.5 millions. Official sources said the scout raided the truck at Faizpur Interchange and ... Read More »

FBR seizes PESS bank accounts, recovers Rs55m unpaid tax liability

LAHORE: Federal Board of Revenue (FBR) has seized 10 accounts of Punjab Employees Social Security (PESS) and recovered Rs55 million tax liabilities. According to details, PESS owed Rs75 million as tax liabilities from 2003 to 2006 and did not pay taxes. During this period, the Board had been corresponding with PESS to recover the payable tax amount, a source revealed. ... Read More »

DOT producing trained customs force: Mehboob Saqib Khan

LAHORE: Directorate General of Training & Research (Customs) Lahore is relatively an unglamorous wing of the Customs Department but those who know about the working of this organization say that the DOT Customs is the heart and soul of the whole Department and provides it with the kind of trained manpower which produces results. This is the directorate which provides ... Read More »

APPMA delegation visits Pakistani Consulate in Guangzhou

LAHORE: A delegation of All Pakistan Paper Merchants Association (APPMA) visited Pakistani Consulate in Guangzhou and attended a dinner hosted by Fiji Paper Manufacturers Association of China. Pakistani Consulate in Guzngzhou, Vice Counselor Nawab Ali Rahoojo warmly welcomed the delegation. The 12-member delegation headed by Khamis Saeed Butt, while other members include Safeer Hayat Butt, Abdul Wajid Butt, Muhammad Naeem, ... Read More »

Pak food exports surge by 22.43pc in July

LAHORE: Pakistan food exports witnessed 22.43 percent growth during the first month of the current financial as compared to the same month of last the year. According to data released by Pakistan Bureau of Statistics (PBS), different food commodities worth $389.319 million exported during July 2013, showing an increase of 22.43 percent as compared to July 2012. The data showed ... Read More »

Toll manufacturing can be taxed under PRA Act 2012: PRA

LAHORE: Punjab Revenue Authority (PRA) has explained levy of tax on services clarifying that toll manufacturing can be taxed under the PRA Act 2012. PRA spokesman Additional Commissioner (HQ) Babar Nawaz Raja said some business circles have contended that toll manufacturing (industrial vending) cannot be treated as services because of the definition of the “manufacture” and “manufacturer” given in section ... Read More »

PRA issues notice to property dealers, developers, builders

LAHORE: Punjab Revenue Authority (PRA) has issued notice to at least 50 property dealers, developers, builders of housing societies across the province. According to official sources, the authority issued notices to the dealers and developers of top housing societies including Bahria Town, Eden Housing Society, Lake City Elite Town and others asking them to get registered under the Punjab Revenue ... Read More »

Lahore: Customs seizes cloth worth Rs 3.2m

LAHORE: Model Customs Anti Smuggling wing has confiscated about 16,000 meter cloth worth million of rupees. According to details, the anti smuggling wing on a tip-off raided on a truck at Band Road and confiscated about 16,000 meter imported cloth worth of Rs 3.2 million. Read More »

Lahore: Two FBR officers relinquish charge

LAHORE: Three officers of Federal Board of Revenue (FBR) relinquished charge of their current offices, while retirement notification to an officer has been issued. According to details, Mr. Shaban Bhatti BS-19 officer of Inland Revenue Service relinquished the charge of the post of Additional Commissioner Inland Revenue, Large Taxpayers Unit, Lahore from August 12. Ms. Najwa Farooq, IRS/BS-17 presently posted ... Read More »

Customs officers CTP sequence finalised

LAHORE: Federal Board of Revenue (FBR) has finalised various officers of Pakistan Customs Services (PCS) for 35th and 36th Common Training Programme (CTP) of inter se seniority. The officers selected for 35th CTP are Muhammad Ali, Asad Khan, Beenish Iftikhar,Tayyaba Bukhari, Asma Bashir, Khaldun ul Haq, Muhammad Moazzam Raza, Ali Waheed Khan, Zaheer Abbas Amanullah, Syed Babar Ali Shah, Fazli Shakoor, ... Read More »

Exports of services up 64.31pc in FY2012-13

LAHORE: The deficit in trade of services witnessed sharp decrease of 64.31 percent, as exports surge 31.46 percent and imports decrease by 5.70 percent during the fiscal year 2012-13 as compared to the corresponding year. The overall exports of services during July-June (2012-13) were recorded at $6.618 billion against the exports of $5.035 billion in July-June (2011-12), showing surge of ... Read More »

Pak exports up by 2.65% in 1st month of current FY

LAHORE: Exports from the country increased by 2.65 percent during the first month of the current fiscal year (2013-14) as against the exports of the same months of the last fiscal year. Exports during July 2013 were recorded at $2.095 billion against the exports of $2.041 billion during July 2012, according to the data of Pakistan Bureau of Statistics. On ... Read More »

Indian traders keen to import Pakistani onion

CHANDIGARH: With the Centre mulling onion import to boost supplies, Amritsar based traders have asked their counterparts in Pakistan to seek permission for onion export to India through Attari-Wagah land route in a bid to enhance its availability in the country. “We have asked traders in Pakistan to pursue the matter with Pakistan’s Ministry of Commerce at a higher level ... Read More »

Reforms in tax collection system to increase revenue: Mujtaba

LAHORE: In 2013-14 budget, tax was only levied on affluent segments while agriculture tax will be implemented in phases and reforms in tax collection system will certainly increase the provincial revenue. Provincial Minister for Finance Mian Mujtaba Shujja ur Rehman expressed these views while addressing different delegations of party workers and traders. He said that property tax, motor vehicle tax ... Read More »

Punjab govt providing modern facilities for depositing tax

LAHORE: Provincial Minister for Finance and Excise & Taxation Mian Mujtaba Shuja-ur-Rehman said that the Punjab government is providing modern facilities to citizens for depositing tax. While inaugurating online recovery of token tax of vehicles and SMS service at the office of Excise Department, he said that owners of the vehicles through new facility would receive the details of token ... Read More »

Overseas Pakistanis remit $1.4b in July

LAHORE: Overseas Pakistanis remitted an amount of $1,404.39 million in July 2013 of the current fiscal year (FY13-14), showing an impressive growth of 16.57 percent or $199.68 million as compared with $1,204.71 million received during the same month of the last fiscal year (FY12-13). Remittances received from most of the countries showed growth. The inflow of remittances during July 2013 ... Read More »

Govt to support APCNGA in LNG import

LAHORE: Federal Minister for Petroleum and Natural Resources Shahid Khaqan Abbasi on Monday said government will extend help to All Pakistan CNG Association (APCNGA) to realise its plan to import LNG which will mitigate energy crisis. He said that government will seriously consider allocation of gas quota to CNG stations, reduce gas loadshedding in Punjab and Sindh and stop theft ... Read More »

Customs seizes smuggled goods worth Rs 44m in July

LAHORE: Model Customs Lahore anti-smuggling department has seized smuggled goods and articles worth Rs 40 million during the month of July. According to details, the anti-smuggling department seized ladies cloth worth Rs 0.44 million, 617.28 kgs parachute fabric worth Rs 0.35 million, A/S cloth 410kgs worth Rs 0.29 million, diesel generator (3 Nos) 39KVA worth Rs 1.20 million, diesel generator ... Read More »