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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

Two-pronged strategy to boost revenue: Muhammad Saleem

KARACHI: Pakistan Customs has devised a two-pronged strategy to generate additional revenue: hold auctions at regular intervals and pursue court cases for revenue recovery. The strategy is aimed at achieving the revenue target set by the Federal Board of Revenue (FBR) for fiscal year 2013-14. Collector Model Customs Collectorate (MCC) West Muhammad Saleem said this during an exclusive interview with ... Read More »

Finance Minister meets Afghan, Iranian counterparts, JICA President

Finance Minister Senator Ishaq Dar met with his Afghan and Iranian counterparts and discussed economic and trade cooperation with them. The finance minister, who is heading a top-level Pakistani delegation to annual World Bank-IMF meetings, also had a ‘productive’ meeting with President of Japan International Cooperation Agency Akihiko Tanaka on economic development cooperation. The finance minister briefed the JICA chief ... Read More »

QTI seeks LCCI help against imposition of new taxes

LAHORE: Qoumi Tajir Ittehad (QTI) has sought the LCCI help against imposition of new taxes and cumbersome tax procedures that are hitting the businesses hard. A large QTI delegation jointly led by Mian Akbar Rashid and Hafiz Abid called on LCCI President Engineer Sohail Lashari, Senior Vice President Mian Tariq Mibah and Vice President Kashif Anwar and apprised them of ... Read More »

Exports from Pakistan to US be enhanced to $9b: Teli

KARACHI: US Consul General in Karachi Michael J Dodman has said that Generalised Sales Preference (GSP) scheme has currently been put on hold due to ongoing situation in Washington but it will resume soon. Speaking at a meeting during his visit to Karachi Chamber of Commerce and Industry (KCCI), the US diplomat said that United States is the largest trading ... Read More »

Gwadar Port will be functional in five months: Kamran Michael

KARACHI: Federal Minister for Ports & Shipping Senator Kamran Michael has said that Gwadar Port will be made fully functional in next five months as almost 60 per cent of development work has been completed. The federal minister said this while addressing the inaugural session of 3rd International Conference & Exhibition on Shipping, Logistics & Supply Chain Management 2013. The ... Read More »

Pakistan Customs launching WeBOC to deal with Afghan Transit Trade

ISLAMABAD: Pakistan’s Customs authorities have prepared a plan to launch automated clearance system, Web Based One Custom (WeBOC), for dealing with Afghan Transit Trade (ATT). In the 4th Afghanistan-Pakistan Transit Trade Coordination Authority (APTTCA) meeting concluded in Kabul, both sides decided to intensify efforts to enhance bilateral trade and facilitate the traders and businessmen of the two countries. The Pakistani ... Read More »

Cooperation between Customs Dept, business community vital for progress: Junaid Akram

LAHORE: Mutual understanding, harmony and cooperation between the Customs Department and business community can play a vital role in the progress and prosperity of the country. This was stated by Collector of Customs Junaid Akram while inaugurating the first ever branch of the National Bank of Pakistan at the Wagah Border. “We need to bridge the gap between the Customs ... Read More »

26 kg heroin seized at Pak-India border

AMRITSAR: Three days after the seizure of 17kg heroin from Pak-India border, the Border Security Force has made another haul of 26kg heroin, valued at around Rs130 crore in the international market. The heroin was recovered from Rajatal border outpost in Amritsar sector, said deputy inspector general, M F Farooqui. BSF troops were patrolling the area when they noticed suspect ... Read More »

PRA will be collecting Rs100b in 5 years: Iftikhar Qutab

LAHORE: In its short life the newly established Punjab Revenue Authority (PRA), has many milestones to its credit. Besides finalizing its administrative structure and developing rules and regulations and working procedures, it has also met its target of collecting revenue of Rs 37 billion Sales Tax on Services within the first year of its initiation. Before the PRA was set ... Read More »

346 kilograms of heroin seized in Turkey

ISTANBUL: The Istanbul Police Department’s narcotics unit and teams from the National Intelligence Organisation (MIT) carried out a joint drug operation in Istanbul and in the southeastern province of Hakkari, seizing 346 kilograms of heroin. They also detained 11 individuals, three of whom are foreigners, who were trying to smuggle the drugs from Iran to Europe via Turkey. These individuals ... Read More »

Congo rebels smuggling out gold worth $500m a year

KINSHASA: M23 rebels in Democratic Republic of Congo have built alliances with local gangs to gain control of lucrative gold mines and smuggle out $500 million a year of the precious metal to finance their brutal attacks, a Washington-based human rights group reported. Despite M23 leader Bosco Ntaganda’s surrender to war crimes investigators in The Hague this year, his co-commander ... Read More »

FBR likely to collect Rs580b in next quarter

LAHORE: The government has reorganised Federal Board of Revenue (FBR) by giving it more powers which enhanced its performance, economist Dr Khawaja Amjad Saeed said. He claimed that due to new reforms and policies adopted by the FBR, more than Rs580 billion taxes would be collected in the next quarter of the current financial year. Dr Saeed said the FBR ... Read More »

Govt to provide relief to film producers in tax

LAHORE: The government will cooperate with producers for restoration of film industry and construction of quality cinemas besides providing relief in tax to the film producers. Punjab Minister for Excise & Taxation Mujtaba Shujaur Rehman expressed these views during a meeting with a representative delegation of Pakistan Film Exhibitors Association. He asked the office-bearers of Film Exhibitors Association to exhibit quality ... Read More »

FBR taking action against smuggled cigarettes

LAHORE: Smuggled cigarettes without the health warning continue to harm the health of the citizens who are unaware of the dangers of smoking. Experts said that the unavailability of warning and the badly damaged lips’ image encourage the old and new smokers, an expert said. On the other hand due to non-payment of duties and taxes, the national exchequer suffers ... Read More »

Steps taken to halt rupee depreciation: Dar

WASHINGTON: Finance Minister Ishaq Dar has disagreed with the suggestion that pressures on the Pakistani currency could result in higher inflation in the country. Talking to Pakistani journalists in Washington, Mr Dar said the government had already taken steps to prevent further devaluation. In its annual report on the world economy, the International Monetary Fund warned on Tuesday that “past ... Read More »

Transfers, postings in FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has transferred and posted 13 officials of Pakistan Customs Service (Grade-17 to 18) with immediate effect. According to a notification, Raza (Pakistan Customs Service/BS-18), Additional Collector, (OPS) Model Customs Collectorate, Gwadar has been transferred and posted as Additional Collector, (OPS) Model Customs Collectorate, Quetta; Rizwan Basharat (Pakistan Customs Service/BS-18) from Deputy Director, Directorate ... Read More »

TUSKON offers free stalls to Pak businessmen at TWTB 2013

LAHORE: The Turkish Confederation of Businessmen and Industrialists (TUSKON) is offering the Pakistani businessmen free stalls at its world famous series of international business summits, Turkey World Trade Bridge (TWTB), on November 25-26, 2013 in Istanbul which will cover sectors of Food, Agriculture, and Fast Moving Consumer Goods, and Related Machinery. TWTB 2013 possesses the most essential characteristics of trade ... Read More »

Manais new CEO of PAMCO

LAHORE: Renowned agriculturist Mumtaz Khan Manais has been appointed Chief Executive Officer (CEO) & Vice Chairman of Punjab Agriculture and Meat Company (PAMCO). Mumtaz Khan Manais has been on ASF’s and PAMCO Board of Directors. A leading agriculturist with more than three decades of active involvement towards development of agriculture in Pakistan he was bestowed country’s highest civil award “The ... Read More »

Kenya Customs seizes 4-ton ivory bound for Turkey in seed shipment

MOMBASA: Kenyan Customs officers have seized about four tons (8,600 llb) of ivory hidden inside sacks of sesame seeds. The Kenya Wildlife Service (KWS) said more than 1,600 pieces of ivory, worth $1.4m, were found in Mombasa in two consignments bound for Turkey. There is a huge demand for African ivory in Asia for use in ornaments. A customs official ... Read More »

Dubai Customs showcases latest tech achievements in GITEX exhibition 2013

DUBAI: Dubai Customs’ first 100% Smart Government Department showcases its latest technological achievements in GITEX 2013. Amongst these achievements is the provision of all customs services via mobile phones, in accordance with the integrated vision of the UAE Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and the implementation of the objectives ... Read More »