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Levy of WHT: Traders to observe strike in Multan today‏

MULTAN: All trade bodies have unanimously announced a nation-wide protest strike against the imposition of withholding tax on banking transaction today. All Pakistan Anjuman-i-Tajaraan chairmen Khawaja Muhammad Shafiq said in a media briefing that traders in Multan will march around the Federal Board of Revenue Regional Income Tax Office Multan and hold a sit-in there on Wednesday. He demanded the government constitute ... Read More »

‏Federal Service Tribunal seeks reply from Establishment Division in FBR employees promotion case

ISLAMABAD: The Federal Service Tribunal (FST) on Tuesday sought a reply from the Establishment Division over longstanding service-scale up-gradation of the ministerial staffers of the Federal Board of Revenue (FBR). The bench, headed by FST Chairman Sheikh Ahmad Farooq also directed the Establishment Division to submit the ‘summary report’ pending with Prime Minister’s Secretariat for up-gradation of 111 FBR staffers. ... Read More »

NAB KPK arrests assistant chief of Planning Department in Rs 110 million corruption case

PESHAWAR: NAB Khyber Pakhtunkhwa (KP) arrested accused Tehsil Zaman, Assistant Chief (BPS-18), Planning and Development Department, the government  of Khyber Pakhtunkhwa, who in connivance with others, allegedly embezzled Rs 110.00 million in the procurement of sanitation vehicles for the local government department on exorbitant rates. An NAB spokesman said that a complaint was lodged in NAB KP wherein the plea ... Read More »

Court issues arrest warrants for ANF, Customs officials for not appearing in court

LAHORE: The Special Court of Anti-Narcotics has issued arrest warrants for eight officials of the Pakistan Customs and Anti-Narcotics Force (ANF) for not appearing in the court. Sources told Customs Today that a combined team of ANF and Customs raided Mughalpura Dry Port in August last year and allegedly recovered heroin and hydrochloric acid. The combined team arrested Sayed Nazeer Hussain in smuggling case and ... Read More »

Customs court adjourns 12 pre-arrest bails pleas on Tuesday

LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling adjourned 12 pre -arrest bail pleas on Tuesday. According to details available with Customs Today, 19 cases were scheduled on Tuesday for hearing but all cases were rescheduled for new dates due to non-availability of permanent judge of the court. Pre-arrest bail pleas of Abdul Khaliq, Ali Faruq, Omer Faruq, Muhammad ... Read More »

FBR Chairman Tariq Bajwa holds video link conference with RTOs, LTUs

LAHORE: Federal Board of Revenue (FBR) Chairman Tariq Bajwa holds video link conference with all commissioners on Integrated Risk Management System ‘IRIS’ and gets the feedback on the success and discrepancies in IRIS module. Commissioner Regional Tax Office-I (RTO-I) Waqar Ahmed, Commissioner Regional Tax Office-II (RTO-II) Rukhasana Yasmeen and Commissioner Large Taxpayer Units (LTUs) Safder Husain participated in video conference. The ... Read More »

Aman Anwar Qudwai takes charge as Deputy Commissioner Enforcement PRA

LAHORE: Senior officer of Pakistan Administrative Services Aman Anwar Qudwai has assumed the charge of his new assignment as Deputy Commissioner Enforcement at the Punjab Revenue Authority (PRA). According to the PRA sources, Aman Anwar Qudwai has taken his charge on Tuesday. He has served as administrator at Aziz Bhatti Town Lahore and number of other important posts. After assuming his ... Read More »

Customs seizes sugar mill in Peshawar on charges of fraud

ISLAMABAD: Customs Collectorate, Peshawar, has seized a sugar mill allegedly involved in export subsidy fraud and tax evasion case. According to details, an FIR has been registered against Choudhry Sugar Mills, M/s Ibrab Customs Clearing and M/s Pakistan Revenue Automation Limited (PRAL) for ‘deceptive’ export of 500 MT sugar from Torkham border to Afghanistan during the  period between April and August 2015. The FIR ... Read More »

LCCI decides to support today’s strike.

LAHORE: While supporting the stance of traders on the issue of withholding tax on banking transaction, the Lahore Chamber of Commerce and Industry has decided to observe strike today (September 9). According to a statement issued, the LCCI president Ijaz A. Mumtaz said that the Lahore Chamber of Commerce and Industry has decided to go with the traders as they ... Read More »

Customs court remands smuggling suspect to FIA custody

LAHORE: The Special Court of Customs Taxation and Anti-Smuggling has granted physical remand of an alleged smuggler and handed him over to the Federal Investigation Agency (FIA) for further investigation. According to details available with Customs Today, the FIA arrested Ghafar Khan son of Durani on charges of smuggling of different kind of hardware items from Central Asia through KPK and Chaman. Different ... Read More »

FBR directs all RTOs, LTUs to take stern action against non-filers

KARACHI: On the directions of the Federal Board of Revenue (FBR), all the Regional Tax Offices (RTOs), Large Taxpayer Units ( LTUs) and other field formations have started taking stern action against non-filers. The FBR sources told Customs Today that this action is being taken to bring non-filers into the tax net. Sources added that over 3,000 notices have been issued to date while ... Read More »

Finance Minister emphasizes all political parties to ink charter of economy

ISLAMABAD: Federal Finance Minister, Mohammad Ishaq Dar emphasized the need for all political parties to ink a charter of economy which, he said was the way to ensuring sustained economic development and continuity of policies. The Federal Minister said there should be “no politicking on economic matters, economy should be placed above all other considerations”, he remarked. The Minister was ... Read More »

LHC bars FBR from collecting taxes from Arslan Iftikhar

LAHORE: The Lahore High Court (LHC) has barred the Federal Board of Revenue (FBR) from collecting taxes amounting to Rs 1.6 million from Arslan Iftikhar till further orders. The court ordered the appellant to submit the disputed amount with the deputy registrar of the Lahore High Court while the Court also summoned Commissioner Inland Revenue on November 3, 2015. Prior to this, Justice Syed Mansoor Ali ... Read More »

LCCI demands NEPRA to fix power tariff

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has demanded of the National Electric Power Regulatory Authority (NEPRA) to freeze the electricity tariff to keep Pakistani merchandise competitive According to a statement, the LCCI President Ijaz A. Mumtaz said that government would have to evolve a mechanism to fix the electricity prices in collaboration with the stakeholders for at ... Read More »

KPCCI-Iranian Consul General sign MoU to improve trade activities

PESHAWAR: Khyber Pakhtunkhwa Chamber of Commerce and Industries (KPCCI) President Faud Ishaq and Iranian Consulate General in Peshawar Syed Hamayun Amer Khalili has sign a memorandum of understanding (MOU) between the two countries to improve the trade, visiting of traders of both the countries and improving of education sector between the two countries. KPCCI president Faud Ishaq said that after ... Read More »

Customs finds irregularities in clearance of imported items

KARACHI: Port Qasim Collectorate revealed a large number of irregularities in imported Indian clothes, auto parts, scrape and other items. According to sources that false PCTs are being shown during the process of clearance for  Indian clothes and other auto parts, therefore national kitty bears huge losses. Source told Customs Today that the officials of Port Qasim are examining the ... Read More »

FBR shows deep concerns over proposed Automotive Development Policy 2015-20

ISLAMABAD: The Federal Board of Revenue (FBR) has expressed deep reservations about the proposed Automotive Development Policy for 2015-20. Sources told Customs Today that the FBR has opposed concessions for new investors in terms of taxes and duties and opposed to facilitate vehicle manufacturing companies. The FBR has  also expressed reservations about the proposed Automotive Development Policy 2015-20. The FBR also opposed single digit customs duty on auto parts. ... Read More »

Accountability Court grants 16-day physical remand of 7 suspects in mega land scam

LAHORE: Accountability Court Lahore approved 16 days physical remand of seven suspects who were arrested by the National Accountability Bureau Lahore in a land scam. The Accountability Court has ordered to produce them before the court after the completion of investigations regarding their fraud and corruption in government employees housing society Gujranwala. The arrested persons include Fakhar ul Zaman, Yaqib Loona, ... Read More »

FTO to train regional officer to assist the taxpayers‏

MULTAN: Federal Tax Ombudsman will empowered the guidance counselor who are posted at Multan Ombudsman Regional Office for probe the complaints of taxpayers regarding tax departments. According to details, Federal Tax Ombudsman appointed in Multan region will be given special training to prepare them for better investigations into the issues of income tax, customs, sales tax, federal excise duty for ... Read More »

UBL Funds co-hosts awareness session on Islamic investment

LAHORE: UBL Fund Managers Limited (UBL Funds) co-hosted an awareness session in collaboration with the Karachi Stock Exchange (KSE), highlighting its Islamic wing, Al-Ameen Funds. The session titled “Awareness on Islamic Investments and Capital Markets” was held at the Taj Marquee, located next to Movenpick Hotel, and was open to the public. In this interactive session, Mir Muhammad Ali, Chief ... Read More »

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