Friday , October 2 2020
Breaking News
Home / Tag Archives: Tariq Bajwa (page 11)

Tag Archives: Tariq Bajwa

Pakistan proposes trade agreements with Russia

ISLAMABAD: The federal government has formed a committee headed by Finance Minister Ishaq Dar to address the concerns of exporters regarding lack of coordination with Russian Customs authorities. The government has also proposed the Russian Federation to ink Preferential Trade Agreement (PTA) and Free Trade Agreement (FTA) with Pakistan Customs, however, Russian Customs decided to respond after consultation with all stakeholders ... Read More »

FBR set to achieve Rs 750m target in Aug from various Punjab cities

SIALKOT: The Federal Board of Revenue (FBR) has set a tax recovery target of Rs 750 million for the Regional Income Tax Directorate Gujranwala for August, 2014. A senior FBR official told the Customs Today that Regional Income Tax Directorate Gujranwala have to collect Rs 400 million income tax and Rs 350 million sales tax to achieve the target. The ... Read More »

Pak-China Customs data sharing committee declared invalid

KARACHI: The Federal Board of Revenue (FBR), through a letter to Karachi office, has declared a recently formed committee invalid, which was formed to discuss and share trade data between customs authorities of Pakistan and China. Sources confirmed Customs Today that FBR has made the recently formed committee invalid by stating that a committee on developing Electronic Data Interchange (EDI) ... 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 »

Lashari urges govt, PTI to end deadlock

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Sohail Lashari said that government and protesters should end deadlock and negotiate on mutual terms in the larger interest of economy which is suffering mainly from prevailing political disturbance. In an exclusive talk with Customs Today on current situation, he advised the government not to use power against demonstrators as he ... Read More »

Hyderabad Collector Memon declares crackdown on oil smuggling

HYDERABAD: Hyderabad Model Customs Collectorate Collector Dr Wasif Ali Memon has declared crackdown against illegal trade of smuggled Iranian diesel and ordered subordinates to demolish petrol pumps involved in illegal selling of smuggled oil. Anti-smuggling squad has also been established under supervision of MCC Preventive Assistant Collector Imanullah Khan Tareen to curb the menace of smuggling in Hyderabad. Sources told ... Read More »

Customs Adjudication-I decides 211 cases of Rs 22.15b

KARACHI: The Collectorate of Customs Adjudication-I has decided 211 cases involving Rs 22.15 billion evaded customs duty and taxes during the time period from November 12 to May 14. According to the details, three collectors served as Collector of Customs Adjudication-I during November 12 to May 14. In the reign of Collector Abdul Rasheed Shaikh (Nov 12 to Jan 13), ... Read More »

Appraisement-West to launch Queue Management System

KARACHI: The Model Customs Collectorate (MCC) of Appraisement-West is going to launch “Queue Management System” (QMS) in the Collectorate by the end of this month (August) for the facilitation of importers and clearing agents. This was informed by the Collector, MCC-Appraisement (West) Muhammad Saleem while talking to Customs Today exclusively at his office. Highlighting the characteristics of QMS, Collector Muhammad ... Read More »

FBR revenue increases by 8pc despite Imran, Qadri marches

ISLAMABAD: The tax collection of Federal Board of Revenue (FBR) has not affected by current political turmoil due to Imran and Qadri’s marches which cost Rs450 billion losses to economy of Pakistan in last few days. As per details, FBR has managed to collect Rs79 billion of revenue in current month till August 18 with an increase of 8 per ... 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 »

Imran’s call for tax non-payment to fail: Asad

ISLAMABAD: The Federal Board of Revenue (FBR) spokesperson and Member Inland Revenue Shahid Asad said that Imran’s call for civil disobedience is an irresponsible statement which will not affect revenue operations. He said that it is not possible that  someone could get any exemption from paying tax as you can’t argue with shopkeeper while buying daily commodities by saying that ... 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 »

Customs seizes tyres worth Rs2.9m

MULTAN: Multan Customs Intelligence and Investigation (I&I) has seized a truck loaded with imported tyres worth Rs 2.9 million in a raid at Khanewal road. The Customs Intelligence and Investigation Inspector Saleem has taken the action along with constable Zulfiqar on an anonymous information and seized the smuggled truck loaded with tyres. A source told Customs Today that while checking, ... Read More »

Customs seeks early hearing of valuation guideline cases: Collector

KARACHI: The Model Customs of Collectorate (MCC) Appraisement-West Muhammad Saleem has confirmed that the Pakistan Customs is going to file a Constitutional Miscellaneous Application (CMA) in Supreme Court of Pakistan (SCP) for early hearing of cases relating to valuation guideline issue. He said that customs has already submitted written reply in Islamabad High Court (IHC) in connection with valuation guideline ... Read More »

Lahore roads blockade causes Rs60m loss to traders

LAHORE: Importers and exporters have suffered losses of millions of rupees as government confiscated containers full of different perishable goods to block the roads across the country. The Lahore Clearing Agents Association president Agha Iftikhar said that now after one week of containers confiscation the commodities have been rotten and no one will ready to bear the damages. “Traders of ... Read More »

LHC issues stay order against tax notice to Minhaj

LAHORE: The Lahore High Court (LHC) issued stay order against Rs700 million tax notice to Minhajul Quran International issued by Federal Board of Revenue (FBR) and restrained it from recovery of taxes from welfare organization. As per reports, Minhajul Quran had filed an application in LHC, demanding that MuQ is a welfare organization; therefore, it was given exemption from paying ... Read More »

Govt asks civil servants to declare assets

ISLAMABAD: The Establishment Division has issued a circular to employees of all ministries and institutions asking them to declare their assets details. It is obligatory for all civil servants to declare their assets after the start of new fiscal year; however except from FBR, other employees of different ministries and institutions have not yet declared their assets despite passing more ... Read More »

Pak-China Corridor a game changer for whole region: Ahsan

ISLAMABAD: The Federal Minister for Planning, Development and Reform Ahsan Iqbal said that China Pakistan Economic Corridor (CPEC) is a game changer for Pakistan. It will usher a new era of progress and prosperity in the country. He was chairing introductory meeting of the Transport Group of CPEC in Planning Commission. The meeting was attended by officials from Ministry of ... Read More »

No activity at Islamabad Dry Port in two days

ISLAMABAD: All sorts of export/import activities remained suspended at Islamabad Dry Port after the local administration cordoned off the capital with containers in a bid to avert entry of the PTI and PAT marchers, cutting the economy to the bone. The Islamabad Dry Port authorities claimed that the port had been suffering millions of rupees losses on a daily basis ... Read More »

Tax defaulters: FBR to net 191, 798 evaders

LAHORE: The documents of Federal Board of Revenue reveal that total number of tax defaulters in the country stands at 191, 798, who are evading Rs286,213 million. It was stated in the documents that 181,290 defaulters have been evading Rs111,487 million income tax, 10,312 taxpayers evading sales tax worth Rs13,252 million while 196 have to pay Rs43,575 million as federal ... Read More »