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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

SHC orders customs to release vehicles on conditional basis

KARACHI: The Sindh High Court (SHC) on Wednesday ordered the customs authorities to immediately comply with its order regarding conditional release of used concrete transit mixer trucks. Justice Munib Akhtar, who headed a division bench, directed the petitioner importers to deposit the differential amount of duty and taxes with Nazir of the court for issuance of appropriate certificate to get ... Read More »

Customs Multan seizes smuggled goods worth Rs 11m‏

MULTAN: The Customs Intelligence and Investigation Multan has seized smuggled goods worth Rs 11 million from Sadiqabad region during a crackdown. Directorate of Customs Intelligence and Investigation seized miscellaneous goods, including 500 tyres of the light traffic vehicles and heavy traffic vehicles loaded on the truck. Customs Intelligence and Investigation staff also recovered imported parachute cloth of 3250 kilogram during the action ... Read More »

RTO-I collects over Rs16 billion revenue in Q1

KARACHI: The Regional Tax Office-I (RTO-I) has collected Rs 12.634 billion in terms of income tax while sales tax collection remained negative as only Rs 4.09 billion were collected in September. Income tax collection of the first 10 days of the recent month remained Rs 2.581 billion. Additional Commissioner (AC) RTO-I Sajjad Hayder told Customs Today that RTO-I has almost achieved the set ... Read More »

Customs Quetta foils bid to smuggle dry fruits, impounds 3 vehicles

KARACHI: The Model Customs Collectorate (MCC) Quetta has foiled a bid to smuggle dry fruits from Afghanistan worth million of rupees and impounded three vehicles. According to the sources, Customs Quetta stopped three suspicious trucks at a checkpoint and after investigation it was revealed that the trucks were loaded with dry fruits smuggled from Afghanistan. As per details, the Customs authorities ... Read More »

FBR orders transfers and postings of Customs officials

LAHORE: The Federal Board of Revenue (FBR) has undertaken large scale transfers and postings of the customs officers including assistants, deputy and additional collectors. According to details, additional collector Saima Aftab is transferred from Adjudication Lahore to Faisalabad, deputy collector Moazam Raza Appraisement Lahore to Karachi, Usman Tariq from Karachi to Lahore Appraisement,  ADC Naima Batool to Quetta from Lahore, ... Read More »

FBR to launch website in Urdu

ISLAMABAD: The Federal Board of Revenue (FBR) is all set to launch its website in Urdu language after directions of the Supreme Court to use Urdu as the official language. Sources told Customs Today that Member Facilitation and Tax Payers Education Department Nadeem Dar has been assigned the task to launch Urdu website of the FBR, while Member IT Begum Raana ... Read More »

APTMA asks govt to put import of Indian yarn, fabric on negative list

LAHORE: All Pakistan Textile Mills Association (APTMA) Central Chairman Tariq Saud has urged the government to put the import of Indian yarn, fabric and garments on negative list. He was talking to journalists at the APTMA Lahore office informing them that the textile industry observed a very successful countrywide black day by closing down operations throughout the country on Wednesday. ... Read More »

FBR refuses to provide ITA on local coal production

ISLAMABAD: The Federal Board of Revenue (FBR) has refused to provide Input Tax Adjustment (ITA) on the production of local coal production. According to sources, Engro Thar-coal has demanded ITA on the production of coal under the said project but the FBR has refused saying the board is not authorised to provide ITA on local coal production. Sources added that FBR has ... Read More »

Customs seeks EoI for providing service for tracking of cargo

KARACHI: The Pakistan Customs has sought Expression of Interest (EoI) for providing services to track cargo. The services for tracking of cargo would be provided under the Tracking and Monitoring of Cargo Rules, 2012, sources told Customs Today. The EoI was sought a few days ago and some six companies applied for the license in this regard, sources added. According to ... Read More »

FIA speeds up crackdown against illegal money changers, human taffickers

SIALKOT: Under the National Action Plan, the Federal Investigation Agency (FIA) has jazzed up the pace of its ongoing vigorous crackdown against illegal money changers and arrested several suspects besides seizing big amounts of local and foreign currencies. Deputy Director FIA Gujranwala Ch Khalid Anees told Customs Today that an FIA team lead by Assistant Director Muhammad Sarwar raided Shafi Jewelers in ... Read More »

Court sentences drug smuggler to over four years in jail

ISLAMABAD: The Special Court of Anti-Narcotics has sentenced four years and eight months imprisonment to drug smuggler, Muhammad Naseer, besides imposing a fine of Rs 20,000 on him. According to the details, the ANF team had arrested the culprit and recovered 1.5 kilograms of high quality heroin from his possession at Benazir International Airport Islamabad while searching his baggage. The ... Read More »

Public Accounts Committee recovers Rs 100 billion in 21 months

ISLAMABAD: Public Accounts Committee (PAC) recovered Rs 100 billion in 21 months by resolving 5,000 audit observations. Sources said that during the period, the PAC was sent almost 18,000 observations out of which 5000 have been settled. The sources added that 87th meeting of the committee was held during this time period to review the performance of different ministries. While the reports of ... Read More »

Customs Court hears 24 cases on Wednesday

LAHORE: In the Special Court of Customs Taxation and Anti-Smuggling, different cases were scheduled for hearing on Wednesday. The Special Court of Customs Taxation and Anti-Smuggling heard 24 important cases, including pre-arrest bail pleas of accused persons as well. The court adjourned hearing of pre-arrest bail pleas of Muhammad Nadeem, Sher Ali and Muhammad Tanveer. The Special Court of Customs ... Read More »

Supreme Court cancels bail of former EOBI chairman

LAHORE: A two-member bench of the Supreme Court has cancelled the bail granted by the Lahore High Court (LHC) in six cases to former EOBI chairman Zafar Gondal in the EOBI land sale scam. The LHC had granted him bail in six cases, while the Islamabad High Court had accepted his bail plea in one case. A two-member bench of the ... Read More »

Rs 8m smuggling: Customs Court extends judicial remand of alleged smuggler

LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling approved another 14-day judicial remand the suspect who was arrested in Faisalabad. According to details, Niaz Muhammad was arrested by the customs authorities in smuggling scam. Earlier, he was produced before the court where Customs Court accepted his physical remand of three days for investigation on request of investigation and prosecution team of Faisalabad Customs ... Read More »

RTO Faisalabad collects Rs 5.551m revenue from July to Sept

FAISALABAD: The Federal Board of Revenue (FBR) Regional Tax office (RTO) Faisalabad collected a revenue of Rs 5.551 millions in three months i.e. from July to September 30, 2015. Sources told Customs Today that Federal Board of Revenue ( FBR) assigned the collection target of Rs 5.977 millions during for the above said three months. The newly posted Chief Commissioner ... Read More »

Govt to introduce friendly tax package for traders

KARACHI: The government is all set to introduce “friendly tax package” for traders in which traders will be asked to submit their tax returns. Sources told Customs Today that up to 1 million new taxpayers will be added to the tax net under the new package. New taxpayers will also be provided relief on the declared assets amounting to Rs 50 million. On ... Read More »

LCCI launches membership form in Urdu

LAHORE: In line with Supreme Court of Pakistan’s orders, the Lahore Chamber of Commerce and Industry on Wednesday took another historic initiative by issuing its membership form in Urdu. The form in Urdu is easy to understand and would enable small businessmen to get it done without any external help. The LCCI president Sheikh Muhammad Arshad said that during his ... Read More »

Singapore sentences 2 Russians to jail for smuggling endangered turtles

SINGAPORE: Two Russian nationals were sentenced to 15 months in jail for smuggling 206 endangered turtles, said the Agri-Food and Veterinary Authority of Singapore (AVA). Pavlychev Maksim, 38, and Radkov Aleksei, 34, were detained at Changi Airport on Jul 9, 2015, when they were in transit while travelling from the Bangladeshi capital Dhaka to Surabaya, Indonesia, said AVA in a ... Read More »

Saudi Arabia non-oil exports fall 46.64b riyals in Q2 of 2015

RIYADH: The Kingdom’s non-oil exports fell by value in the second quarter of 2015 to about (46.64) billion riyals compared to (56.19) billion riyals for the same quarter of last year, a decrease of (9.55) billion riyals or a percentage of (17%). On the other hand, the value of the Kingdom’s imports fell, in the second quarter of 2015, by ... Read More »

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