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Denmark’s Bang & Olufsen’s chief says would listen to bid approaches

COPENHAGEN: Bang & Olufsen (B&O), Danish television and sound system maker would consider any bid approach from a larger rival as it seeks a response to problems that caused a profit warning last month, its chairman said. B&O, a 90-year-old company, which makes products for the luxury end of the consumer market, saw its shares fall to their lowest level ... Read More »

FBR all set for today’s Tax Reforms’ Commission’s maiden meeting

ISLAMABAD: The Federal Board of Revenue (FBR) is all set for today’s maiden meeting of the Tax Reforms Commission (TRC). Keeping the importance of the meeting in view despite holiday, the FBR has directed all members to ensure their presence and availability at Headquarters for provision of any required assistance to the meeting. Finance Minster Ishaq Dar will chair the ... Read More »

Importers face losses due to mismanagement at ports

KARACHI: The traders and importers have expressed concerns over filing of Import General Manifest (IGMs) by Shipping Lines and Port authorities, as the importers were paying hefty amount in form of demurrage and detention to the shipping lines due to alleged inefficiency of the authorities concerned. The importers were of the view that the shipping lines were not filing proper ... Read More »

Dubai Customs receives Internal Auditors Certification

DUBAI: Dubai Customs has received the International Standard for Service Excellence (TISSE2012) Internal Auditors Certification from the International Customer Service Institute (ICSI) on improving its standard of inspection, examination and custom care. As per details, Dubai Customs received TISSE2012 which will enable them to become certified auditors, capable of conducting internal assessment of their clients in addition to improving performance ... Read More »

Weekly roundup: Bears reign KSE amid Imran, Qadri sit-ins

KARACHI: As the Azadi and Inqilab marches led by Pakistani Tehreek-e-Insaf (PTI) Chairman Imran Khan and Pakistan Awami Tehreek (PAT) chief Dr Tahirul Qadri entered third week, the bears and bulls kept fighting the whole last week at the Karachi Stock Exchange. The KSE 100-index started last week journey with initial 28,871.75 points and lost 304.01 points in five days ... Read More »

Sialkot Dry Port Chairman urges dialogue, condemns road blockade

LAHORE: Sialkot Dry Port Chairman Muhammad Ishaq Butt has demanded all the political parties resolve the political issues through dialogue in the larger interest of the country. He said that political unrest in the federal capital had affected the exports from Sialkot Dry Port as all roads from Sialkot to Islamabad were blocked. “Exports have decreased by 30 percent during ... Read More »

Bajwa denies having Facebook account

ISLAMABAD: The Federal Board of Revenue Chairman Tariq Bajwa strongly denied the rumours about having an account on social interactive site Facebook. “I don’t even have a Facebook account but cyber criminals have been operating fake account using my name” he clarified. He also shared the link with Customs Today which is and said he will not responsible for ... Read More »

Imran, Qadri followers surround FBR building: Chairman, members use rear gate

ISLAMABAD: The Federal Board of Revenue Chairman and members used rear door to enter the FBR building and left after 2-3 hour office working due to uncertain law and order in Red Zone. The police and sit-in participants have surrounded the FBR building along with other government buildings and institutions after the marches have been shifted to Red Zone. On ... Read More »

Bajwa takes notice of low attendance at FBR

ISLAMABAD: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa has taken the action on complaints of officials’ absence in FBR headquarters following the Azadi and Inqlab march mania in the capital and ordered them to make sure their attendance. As per details, FBR Chairman has issued a circular which stated that FBR officials should make sure their presence at ... Read More »

Shaheen Air, others receive notices in Rs 4,145m tax evasion case

KARACHI: The Collectorate of Customs Adjudication-I has issued show-cause notices to Shaheen Air International Limited Chairman Ehsan Ali Sehbai, Procurement & Logistics Director Syed Yousaf, Airline Operations Director Faisal Rafiq, Legal Services Director S M Anwar, Shaheen Air International Limited Assistant Legal Advisor Abriaz Ali Khan and scrap dealers Altaf and Basharat on their alleged involvement in Rs 4,145 million ... Read More »

FBR Chairman visits customs house

KARACHI: The Federal Board of Revenue (FBR) Chairman Tariq Bajwa has visited customs house, offices of Inland Revenue Services (IRS) and Regional Tax Offices (RTOs) here the other day. In his one-day visit, FBR chief held several meetings with the Chief Collectors, Collectors and directors of different wings, in which he stressed upon to broaden the tax net to achieve ... Read More »

Preventive Service Officers Association puts forward demands for CPF meeting

KARACHI: The Preventive Service Officers Association has revealed its agenda for upcoming Common Pool Funds (CPF) Committee meeting, here the other day. As per details, the agenda contains 13 demands including medical treatment in various hospitals for Class-IV and field officers of MCC-Preventive, payment of medical bills to all employees on priority basis, health insurance policy for all employees of ... Read More »

Lower Employees Association calls for urgent CPF meeting

KARACHI: The General Secretary of Lower Employees Association, Syed Aftab Hussain Shah Hamdani requested FBR top officials to arrange CPF meeting to address the issues of employees. As per details, the meeting of Common Pool Funds (CPF) Committee and Welfare Trust has not been convened for last 2 years. The last CPF meeting was convened by the Collector MCC-Appraisement Abdul ... Read More »