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Tag Archives: Tariq Bajwa

FBR tells 62 officials to submit tax returns to get allowance

ISLAMABAD: The Federal Board of Revenue (FBR) has suspended the performance allowance of 62 officials between Grade 17 and 19 for not submitting their income tax returns. The FBR has issued a notification in this regard. However, the FBR Chairman Tariq Bajwa has barred the officials concerned from publishing the notification on the official website. According to the notification, if ... Read More »

FBR CBA not illegal, Union confronts Bajwa’s statement

LAHORE: Federal Revenue Alliance Employees Union, CBA FBR Pakistan Central President Mian Abdul Qayyum has clarified that the Union falls well under definition of NIRC (National Industrial Relation Commission) as the Honorable Islamabad High Court declared FBR as a trade organization and FBR Union as CBA (Collective Bargaining Agent) in terms of a verdict of the Court while issuing Registration ... Read More »

Bajwa to attend finance secretaries meeting on 30th

Islamabad: A meeting of provincial secretaries finance will be held on Tuesday in Finance Ministry’s Q Block in Islamabad. Federal Finance Secretary Dr Waqar Masud and FBR Chairman Tariq Bajwa will participate in the meeting. According to the sources, federal’ government tax issues with provincial governments will be discussed in the meeting. The provinces will demand their due share of ... Read More »

FBR Chairman Bajwa arrives in Lahore today

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa will arrive in Lahore today. Mr Bajwa will participate in memorandum of understanding (MoU)signing ceremony between the FBR and Lahore Chamber of Commerce and Industry. This ceremony will be held at LCCI at 11am. Read More »

PTBA asks FBR to extend tax filing date

KARACHI: The Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the date of filing income tax returns by two months beyond the end date September 30. The PTBA, in a letter to FBR Chairman Tariq Bajwa, said that only 14 days time was given to file the tax return and wealth statement, which ... Read More »

Dar approves formation of Tax Reforms Commission

ISLAMABAD: Federal Finance Minister Ishaq Dar has given approval for constitution of Tax Reforms Commission. FBR Chairman Tariq Bajwa will be supervisor of the commission and the commission headed by a Chartered Accountant will work on tax reforms. The commission will consist of 20 members. Tax Reforms Commission was demand of international monetary organisations. The members of the commission will ... Read More »

Anti-Dumping Duties

China’s emergence as an economic power has threatened indigenous industries all over the world and many governments have stepped up their efforts to ward off economic threats to their industries at home. In a normal situation, every government encourages the import of different items from foreign countries to meet the local requirements, but restrictions are also imposed on the import ... Read More »

Dar, Bajwa select 77,500 returns for audit through balloting

ISLAMABAD: Random computer ballot was conducted on Thursday at Federal Board of Revenue, Islamabad for selection of cases for audit for Tax Year 2013 and Tax Period 1st July 2012 to 30th June, 2013 in respect of Income Tax, Sales Tax and FED. The Minister for Finance, Revenue, Economic Affairs, Statistics and Privatization, Senator Muhammad Ishaq Dar was the chief ... Read More »

Rs 333 million goods imported from India via Wagha Border

LAHORE: Pakistan has imported items worth Rs 333 million between September 15 and 21 from India via the Wagha border. According to available documents, the major items were potatoes, tomatoes, garlic, cake-oil, polyethylene and cotton yarn. The documents also read Pakistan imported potatoes worth Rs 19.8 million during the last week. No duty has been imposed on the import of potatoes from India ... Read More »

Importers lament theft incidents at PICT

KARACHI: Traders and importers have expressed their deepest concerns over growing theft incidents at the Pakistan International Containers Terminal (PICT) during last few months. Sources told Customs Today that traders and importers were of the view that these incidents are now testing their nerves as customs authorities were not taking any action. On the other hand, they said, delay in ... Read More »

Multan E&T Officer Waqar Kiyani takes charge

MULTAN: Multan Excise and Taxation (E&T) Officer Waqar Ahmad Kiyani took charge of his office. Earlier, Kiyani was working in the Excise and Taxation office in Rawalpindi. He is optimistic that the department will achieved the set targets. The Multan Excise and Taxation Department is running a campaign for collection of taxes before September 30. The Multan Excise and Taxation ... Read More »

Chief Collector Nasir Masroor transfers 10 low-rank staffers

KARACHI: Customs Appraisement-South Chief Collector Nasir Masroor ordered immediate transfers and postings of 10 subordinate employees on September 20. The employees include four upper division clerks (UDC), four lower division clerks (LDC) and two record sorters. Four have been transferred from the Directorate of Post-Clearance Audit (PCA) while another four have been transferred to the PCA. Qutubuddin, UDC; Javed Awan, ... Read More »

Importers wary of smuggling via ATT, discriminatory valuation guidelines

  KARACHI: Importers have once again expressed deep concerns over significant decline in trade activities due to alleged discriminatory implementation of valuation guidelines. The importers of Karachi, while sharing their views with Customs Today, said that the shifting of trade from Karachi port to dry ports in other cities is continued due to a significant difference in the customs values of ... 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 »

Lahore Customs collects 86pc more duty than last year

LAHORE: The Model Customs Collectorate Lahore has detected 36 mis-declaration cases in the first two months of current fiscal year and collected Rs 11.62 million federal excise duty which was 86 percent more than the collections during same months of last year. Sources told that the customs also collected Rs 2367 million customs duty during July-August period, which was 33 ... Read More »

Chief Collector Nasir Masroor terms under-invoicing dilemma

KARACHI: Customs Chief Collector Appraisement-South Nasir Masroor Ahmed has said that the customs authorities issued valuation guidelines because principal appraisers and appraisers of the Pakistan Customs Services were not applying the customs values of commodities in proper way. He visited Karachi Chamber of Commerce and Industry (KCCI) on Wednesday. Collector MCC Appraisement-West Muhammad Saleem, Collector, MCC Appraisement-East Najeeb-ur-Rehman Abbasi, Collector ... Read More »

Bajwa assures tax relief for solar industry

ISLAMABAD: Pakistan Solar Association Vice Chairman Nouman Yousafzai asked Federal Board of Revenue Chairman Tariq Bajwa to give tax compensation in solar system, in a meeting here on Wednesday. As per details, Nauman Yousaf was of the view that by reducing tax value more public could be benefitted from solar power in recent energy crisis faced by country. FBR chairman ... Read More »

4 deputy collectors retiring this month: Deputy Collector Farhat

MULTAN: Multan Customs Deputy Collector Miss Farhat has said that four deputy collectors have been completing their service tenure in Multan customs office this month whereas a post of deputy collector is already vacant. Miss Farhat has expressed these views in an exclusive interview with Customs Today. She said that the Multan customs has collected Rs 10.69 billion import duty last ... Read More »

Director valuation Mahboob Saqib retires

LAHORE: The Directorate of Customs Valuation Director Mahboob Saqib Khan has retired from his services, attaining the age of superannuation in BPS-20. During his service Khan has contributed significantly in the development of the Customs Department. As chief TEPI and computer bureau, he upgraded the computer hardware and provided optic fiber based connectivity to all floors of the custom house. ... Read More »

FBR chief Bajwa briefs ADB president about Pakistan’s tax system

ISLAMABAD: FBR Chairman Tariq Bajwa called on Asian Development Bank (ADB) President Takehiko Nakao and a delegation of American Business Council and briefed them about tax collection mechanism and performance of FBR in this regard. ADB President lauded the FBR functioning along with stressing upon widening the tax net. Similarly, FBR chairman briefed the American Council delegation about the tax ... Read More »