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Tag Archives: FBR Chairman

India to frame law to protect Pakistani investors

ISLAMABAD: The Ministry of Commerce, in a report, sent to the government stated that the Indian Parliament is planning legislation to provide financial and non-financial protection to those Pakistani investors who are interested to invest in India. “Therefore, Pakistani government must also take such an initiative to attract more investment from foreign investors and legislate to protect the foreign investors,” ... Read More »

FBR asked to implement employees union’s demands

LAHORE: The Federal Revenue Alliance Employees Union has asked the Federal Board of Revenue (FBR) to implement long delayed charter of demands of the union immediately, in a monthly meeting here the other day. Federal Revenue Alliance Employees Union President, Syed Naeem Abbas Shah preside the meeting at the FBR Lahore office. The general secretary of the union, Shahzad Butt told ... Read More »

FBR Chairman Bajwa chairs board-in-council meeting today

ISLAMABAD: The Federal Board of Revenue (FBR) has changed the time for board-in-council meeting to 2:30pm which was scheduled at 11am on Wednesday. As per details, FBR Chairman Tariq Bajwa will preside the meeting in which policy decisions about audit policy will be taken. FBR Member Inland Revenue Policy Shahid Asad, Member Inland Revenue Muhammad Ashraf Khan, Member Admin Shahid Hussain Jatoi, ... Read More »

ANF seizes tons of contrabands in Khyber Pakhtunkhwa

ISLAMABAD: The Regional Directorate Anti-narcotics Force (ANF) Khyber Pakhtunkhwa recovered smuggled drugs worth billions of rupees in August, which were several times more than the quantity of drugs recovered during July. According to the available data, the ANF seized 27.6kg heroin, 460kg hashish, 50,400kg sulfuric acid and 2.5kg amphetamine in August. Statistics revealed that ANF arrested 20 accused for their alleged involvement ... Read More »

FBR Member Ashraf Khan tells officers to achieve targets

ISLAMABAD: The Federal Board of Revenue has decided to transfer those field formation officers who will not show better performance till first quarter (October) of this fiscal year. As per details, FBR Member Inland Revenue Muhammad Ashraf Khan gave field formation officers two month respite to achieve their individual targets and warned them of transfer on showing inefficiency in their ... Read More »

Sri Lanka Customs seizes drugs at Bandaranaike Airport

COLOMBO: The Sri Lanka Customs has seized drugs worth Rs 2 million, used for illegal abortions, during a raid at the airport. Customs Preventive Division official intercepted a businessman and recovered illegal drugs imported from India at the Air Cargo Terminal of the Bandaranaike International Airport in Katunayake. Sources told that the businessman has imported the drugs form Chennai and ... Read More »

FBR to adopt effective mechanism for tax refunds: Tariq Bajwa

MULTAN: Federal Board of Revenue will adopt effective method of tax refund to overcome the hurdles of taxpayers, said Chairman Tariq Bajwa here on Monday. While addressing the Multan Tax Bar Association, Chairman FBR Tariq Bajwa said that taxpayer is our client and there is close link between bar and bench for the tax affairs. He said that tax bar ... Read More »

Customs to test WeBOC at Wagha Border soon: Majid Yousfani

KARACHI: Pakistan Customs to test Web Based One Customs (WeBOC), the homegrown state of the art automation system designed and developed entirely by Pakistan Customs, at Wagah Border this month. Director of Reforms & Automation Abdul Majid Yousfani said that WeBOC will introduce land and air modules till end of this month to help widen the reach of Pakistan Customs ... Read More »

UK funds FBR for tax awareness campaigns

ISLAMABAD: British Department for International Development will donate Rs 5 million to Federal Board of Revenue (FBR) which will be spent on awareness campaigns urging people to pay tax. As per details, a delegation of DFID has met with FBR Chairman Tariq Bajwa and offered him Rs 5 million funds for the campaigns to educate public about the importance of ... Read More »

Transfer, posting rules of FBR being infringed in Customs Service

KARACHI: The rules and regulations of the transfers and postings, issued by Federal Board of Revenue (FBR) are being floundered in the Pakistan Customs Service (PCS), sources said. As per the orders issued by the board, none of the PCS officers is allowed to hold an office for more than three years. The same orders are also applicable on the ... Read More »

Modified WeBOC modules to be operational from June 2015

KARACHI: The Directorate of Reforms and Automation has planned to turn all 60 modules of WeBOC (Web Based One Customs) on the design specifications provided by the directorate, operational from June next year. The installation of WeBOCs, which can be easily modified to shape up and provide more effective customs control and better trade facilitation, would launch a new era ... Read More »

Iran customs collects $ 1.87 billion in 5 months

TEHRAN: Iran customs has collected 58 trillion Iranian rials ($1.8 billion) in the first five months of the current Iranian calendar year from March 21 to August 22. Head of Iran Customs Administration Masoud Karbasian said that IRR 28 trillion of the mentioned amounts was accepted letter of credit. A letter of credit is a document issued by a financial ... Read More »

Chief Collector Burki tells customs officers to achieve targets

LAHORE: Four Model Customs Collectrorate of central region have collected Rs 18.74 billion customs duty during July-August 2014 which is 28 percent more than the Rs 14.61 billion of last year collection. As per details, Faisalabad Customs Collectorate collected Rs 1.02 billion attaining a growth of 31 percent than Rs 784 million of last year collection. MCC Multan on the ... Read More »

TDAP officials fly to New Delhi ‘alone’

LAHORE: The Trade Development Authority of Pakistan (TDAP) officials have left for India to participate in grand event of Lifestyle Pakistan ‘Alishan Pakistan’ exhibition leaving behind those who have to set up stalls at the exhibition from Pakistan trade community. As per details, it was decided that the people who were responsible to set up stalls have to leave first ... Read More »

Customs seizes mobile phones at Islamabad Airport

ISLAMABAD: The Pakistan Customs has foiled a bid to smuggle mobile phones worth Rs 2 million into Pakistan from Islamabad Airport. As per details, Customs Airport Deputy Collector Naveedur Rehman and his team intercepted a passenger Imran Haider at green channel boarded the flight TG 349 and recovered smartphones and tablets worth Rs 2 million. The customs registered a case ... Read More »

Imran, Qadri sit-ins: Ministry seeks funds to compensate containers’ owners

ISLAMABAD: The Federal government has started sending import/export containers back to ports as the owners have been demanding millions of rupee rent and compensations for their stolen and damaged containers. As per details, Islamabad administration has removed the containers used to block the roads in Red Zone Diplomatic Enclaves and deployed federal police force in place of containers. The owners ... Read More »

FBR issues notices to retailers for tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) has issued electronic notices to 5,826 retailers asking them to submit their tax returns under normal and turnover regime. The FBR has also obtained electricity bills’ details of these retailers. Sources told Customs Today that the FBR has taken this step to broaden tax net and to implement tax reforms into the country. ... Read More »

TDAP to organize ‘Alishan Pakistan’ exhibition in New Delhi

ISLAMABAD: Despite strong opposition by an Indian Hindu fundamentalist organisation, preparations are in full swing to make the upcoming event ‘Aalishan Pakistan’ lifestyle exhibition in New Delhi a big success. The event is being organised by Trade Development Authority of Pakistan (TDAP). The Hindu Janajagruti Samiti (HJS), working for establishment of Hindu society, has demanded the Indian government stop the ... Read More »

Bajwa to visit Multan RTO, Customs House on Monday

MULTAN: Chairman Federal Board of Revenue Tariq Bajwa will visit Multan Regional Tax Office on Monday. Chairman FBR Tariq Bajwa will chair a conference with Inland Revenue officers of Multan. He will also pay attention to different issues of FBR Multan region and figure out new strategies for tax collection. Tariq Bajwa will discuss the tax collection in Multan region and ... Read More »

Chinese assistance for economic corridor not loans: Ahsan Iqbal

ISLAMABAD: Federal Minister for Planning, Development and Reform Ahsan Iqbal has said that the Chinese assistance to Pakistan under ‘China Pakistan Economic Corridor’ was not loans but foreign direct investment (FDI). “Today there is a mad race among all countries to attract maximum FDI for higher growth rates. Energy projects with Chinese assistance were a source of oxygen for our ... Read More »