Sunday , September 20 2020
Breaking News
Home / Latest News (page 2890)

Latest News

News updates
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

LCCI supports industry ministry’s possible step for GST cut

LAHORE: Lahore Chamber of Commerce and Industry has welcomed the proposal of Ministry of Industries and Production to bring down General Sales Tax on tractors to 10 per cent from existing 17 per cent and termed it a decision in right direction aimed at strengthening the agricultural economy of the country. In a statement issued here, the LCCI President Engineer ... Read More »

Govt’s initiative of parliamentarians’ tax directory commended

LAHORE: Pakistan Institute of Legislative Development and Transparency (PILDAT) has lauded the government’s initiative of making available the Parliamentarians’ Tax Directory. It appreciated the vision of the Prime Minister and the Finance Minister for taking a critical step towards transparency and public access, official sources said. PILDAT, which has been working since 2002 towards promoting transparency and access in legislative ... Read More »

Drugs worth over Rs3.8bn recovered throughout the country

LAHORE: Anti Narcotics Force has recovered 3,652 kg charas and 5.5 kg heroin amounting to Rs 3,843 millions in the international market. Operations were conducted at six different sites of Balochistan, Khyber Pakhtunkhwa and Punjab provinces, official sources said. According to details, ANF Quetta on a tip off, recovered 3.6 tonnes of charas loaded in an unregistered vehicle. The vehicle was parked in folds ... Read More »

Two new industrial parks in the offing to promote exports

LAHORE: The government is setting up two new Industrial Parks in Karachi and Lahore for textile and engineering equipments to promote country’s exports. The first – called Korangi Creek Industrial Park-is to be set up in Karachi while Rachna Industrial Park is to be established at Sheikhupura Road, Lahore by National Industrial Parks Development and Management Company (NIPDMC). Highlighting the details ... Read More »

Non-filer MPs: FBR publishes incomplete tax directory

ISLAMABAD: The Federal Board of Revenue has published an incomplete tax directory of the parliamentarians, contains names of only 1,072 filers of income tax returns out of total 1,172 parliamentarians, having National Tax Numbers (NTNs). The names of members of National Assembly, Senate and Provincial assembles who did not have filed returns have not been included in the tax directory. ... Read More »

Mughalpura Dry Port: Collector Zahid Khokhar for one freight train a day

LAHORE: The restoration of freight train service at Mughalpura Dry Port will surely give a fresh impetus to business activities, generate employment opportunities and reduce congestion in Karachi which will lead to swift Customs clearance and assessment of export consignments. Customs Collector (Appraisement) Zahid Khokhar expressed optimism while talking exclusively with Customs Today at the sidelines of inauguration of freight ... Read More »

14 ‘poor’ senators fail to file tax returns

ISLAMABAD: 14 senators failed to file their tax returns including former interior minister Rehman Malik and PML-N Sardar Zulfikar Khosa and their names have not been including in the parliamentarians tax directory issued by the Federal Board of Revenue. Others senators who are among the non-filers of income tax returns for TY 2013 included Mohammad Azam Khan Hoti of Awami ... Read More »

Smuggling attempt at Torkham thwarted

LANDIKOTAL: Authorities at Torkham border have halted an attempt to smuggle heroin and arms from Afghanistan. Sources said that during routine checking at the border, the Khassadar personnel recovered six kilograms heroin from the possession of an Afghan national. The heroin had been concealed in ghee packs and being smuggled from Afghanistan to Pakistan. Meanwhile, Khassadar personnel seized a foreign-made ... Read More »

National-debt issues: EAC urges for rejuvenating Debt Management Office

ISLAMABAD: The Economic Advisory Council (EAC) suggested that Debt Management Office should be upgraded to streamline national debt-related issues through consolidation of financial figures/tabulation. The council also sought for implementation of Debt Limitation Act 2005 to streamline all debt-related financial instruments. The suggestions were made during second meeting of Economic Advisory Council held with Finance Minister Ishaq Dar in the ... Read More »

Afghanistan asks to open up transit route for India

Afghanistan’s President Hamid Karzai has asked Pakistan to provide access for a transit route for trade between India and the land-locked country of Afghanistan, according to a report carried by the Press Trust of India. “Trade has to happen to establish prosperity in the region and keep it free of conflict. I hope Pakistan will soon give the transit route ... Read More »

FBR releases cadre strength of PCS

ISLAMABAD: Federal Board of Revenue has released the data regarding cadre strength of Pakistan Customs Service (PCS) under its administrative control. According to the notification issued by FBR, the total strength of Grade-17 to Grade-22 officers in PCS is 467. As per details, 101 officers have Grade-17; 150 officers have Grade-18; 133 officers have Grade-19; 64 officers have Grade-20; 18 ... Read More »

FPCCI asks Saudi investors to focus on Pakistan’s processing sector

ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday asked the investors from Kingdom of Saudi Arabia (KSA) to focus on Pakistan’s promising processing sector. Pakistan’s energy sector, especially Thar coal offers great opportunities and matchless returns, said acting President FPCCI Shaukat Ahmed. Speaking to a delegation of businessmen accompanying visiting Saudi Crown Prince Salman Abdul ... Read More »

Saad directs development of infrastructure at Mughalpura Dry Port

 LAHORE: Railways Minister Khwaja Saad Rafique has directed railways top officials to allocate 50 percent of the total profit for Mughalpura Dry Port’s infrastructure development. The minister was addressing Customs officials, Customs agents, Railways top officials and others on inauguration ceremony held in connection with the arrival of freight trains after many years at the Mughalpura Dry Port. “Spend half ... Read More »

Tax directory: 100 MPs yet to file their tax returns

ISLAMABAD: At least 100 out of 1,172 parliamentarians belonging to all political parties did not pay their taxes as per the tax directory of MPs issued by Federal Board of Revenue (FBR).  “To date, all the parliamentarians have obtained NTNs and out of a total of 1,172 parliamentarians, 1,072 have filed their income tax returns for the tax year ending ... Read More »

Leather exporters assured of govt support

KARACHI: In a meeting with the delegation of leather garments exporters, Federal Minister of Commerce Khurram Dastagir has assured that the government will provide help to exporters in every possible way to implement the vision of Prime Minister of Pakistan. Pakistan Leather Goods Manufacturers and Exporters Association (PLGMEA) delegation comprised of its Chairman Chaudhry Ahmed Zulfiqar Hayat and senior members ... Read More »

Man arrested, 3000 kg narcotics seized

CHAMAN: Security forces arrested a man and recovered huge quantity of narcotics from his possession in Gulistan area of Killa Abdullah district. According to Levies force, acting on a tip off security forces conducted raid at a place and apprehended a drug smuggler along with 3000 kg chars. Further investigation was underway. Read More »

Saad Rafique inaugurates new freight train at Mughalpura dry port

LAHORE: Federal Minister for Railways Khwaja Saad Rafique has inaugurated a new freight train at Mughalpura dry port. While opening up the service of the new cargo train he said that fifteen more freight trains will be added to service of Pakistan Railways in the next three months. He also appreciated the Collector of Model Customs Collectorate of the city ... Read More »

Cocaine and heroin caught from passenger

HONG KONG: Customs officers seized about 378 grams of cocaine and 759 grams of heroin at the Hong Kong International Airport, with a total estimated market value of $ 1 million. A female passenger was arrested. The arrested person aged 51. She was an incoming passenger arriving at Hong Kong from Uganda, via Doha, Qatar. She was suspected to put ... Read More »

Shortage of advanced machinery at QICT for de-stuffing, re-stuffing

To, The Manager Operations, Qasim Int’l Containers Terminal Karachi   Respected Sir,   I would like to draw your kind attention towards the burning issue pertaining to the scarcity of the latest equipment being used for handling of scrap at Qasim International Containers Terminal (QICT). I would like to inform you that the importers are facing immense problems and difficulties ... Read More »

Arms import: Customs directed to abide by Interior Ministry’s notification

ISLAMABAD: The Federal Board of Revenue has directed the Customs Collectors not to allow import of prohibited bores of weapons and strictly abide by the notification by the Ministry of Interior issued for the purpose. The FBR directed the collectors to observe categories of both prohibited and non-prohibited bore weapons for import purposes under the notification. Collectors of Customs should ... Read More »