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Tag Archives: FBR Spokesperson Shahid Hussain Asad

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 »

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 »

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 »

Maersk appoints Silvia Ding as company head in South China

BIEJING: Danish shipping company Maersk Line has appointed Silvia Ding as head of Maersk Line South China in Hong Kong, who will take charge from November 1. Ms Silvia Ding said that it is an honour for him to have this opportunity to lead Maersk Line South China. “South China is a key market for Maersk Line’s global business which ... Read More »

Saudi customs receives death threats

JEDDAH: The Saudi Customs officers and their families have received death threats at border points on seizing contrabands including fireworks material. Saleh Al-Khelaiwi, the head of the customs directorate, during a media workshop on the work of the Saudi Customs and the role of the media, said that customs authorities have evidence of such threats to employees and their families. ... Read More »

Islamabad Dry Port collects Rs 140 million customs duty in August

ISLAMABAD: The Islamabad Dry Port collected Rs 140 million revenue in August despite the fact that the Federal Board of Revenue (FBR) has not yet assigned any target for this fiscal year to the port authority. However, the dry port collected Rs 136 million in customs duty in August amid the slowdown in economic activities. The port had collected Rs ... Read More »

Bajwa lauds Virk for detecting TCS, Telenor cases

ISLAMABAD: Federal Board of Revenue Chairman Tariq Bajwa visited Directorate General of Customs Intelligence and Investigation on Friday. Director General I&I Lutfullah Virk briefed the chairman on the performance of the department during the chairman’s first visit to directorate general after the appointment of Lutfullah as DG I&I. The FBR chairman lauded the efforts of DG I&I Lutfullah on his ... Read More »

FBR sets Rs 252 billion revenue target for September

ISLAMABAD: The Federal Board of Revenue (FBR) has set an ambitious target of Rs 252 billion for September, sources said. According to official sources, the tax collection target for the first quarter (July and September) of the ongoing fiscal year is Rs 569 billion. Sources said that the FBR has achieved the tax collection targets of the first two months, ... Read More »

Political crisis amid inflation

The warning bells are ringing from all sides amid political crisis in Islamabad. The whole world is watching developments in Pakistan and friendly countries like China and the United States are looking the events with concern. The Indian prime minister, who is spitting venom against Pakistan since his Bharatiya Janata Party has come to power,is also worried about the situation ... Read More »

FBR exceeds revenue target for August by Rs 3 billion

ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the monthly revenue collection target of Rs 180 billion for August 2014 as it collected over Rs 183 billion during the month. Official data obtained by Customs Today showed that the FBR has provisionally collected over Rs 183 billion during August 2014 against assigned monthly revenue collection target of Rs 180 billion with ... Read More »

Telenor terms allegations of tax evasion by customs baseless

KARACHI: Telenor Pakistan Director Corporate Communications and Responsibility Atifa Asghar, in response to the allegations of tax evasion, said that Telenor Pakistan was a law-abiding and responsible corporate entity, and that it always met its legal and ethical obligations. “The allegation of tax evasion is misconceived and incorrect,” she told Customs Today. “It is a matter of different interpretations and ... Read More »

Customs foils bid to smuggle heroin to Nigeria, two booked

LAHORE: The Pakistan Customs has foiled an attempt to smuggle 250 gramme heroin to Nigeria. According to details, Customs Inspector Farrukh Amin found a parcel containing 250 gramme heroin worth Rs 75,000 at the export section of the General Post Office. Following the incident, the customs has lodged an FIR against two Nigerians, Ikenna Udegbuna and Jane Udegbuna, under Control ... Read More »

FBR asks law ministry to fill vacant posts in customs appellate

ISLAMABAD: The Federal Board of Revenue (FBR) has asked the federal law ministry to fill all the vacant posts in Lahore, Karachi and Peshawar in customs and Inland Revenue appellate tribunals. According to sources, 10 posts of the judicial and technical members are vacant in the Customs Appellate Tribunal and 18 posts of the judicial and accountant members are vacant ... Read More »

Customs central region not assigned revenue target

LAHORE: The Federal Board of Revenue (FBR) has not yet assigned target for the customs central region even nearly two month have passed since the start of the fiscal year 2014-15. Sources said that the FBR has issued revenue target in the first month of the fiscal year, however, it has not yet issued target for customs central region. Moreover, ... Read More »

Lahore Tax Bar Association sets up desk to facilitate taxpayers

LAHORE: The Lahore Tax Bar Association (LTBA) has established a special desk to facilitate the taxpayers who have been issued show-cause notice by the Lahore Broadening of Tax-base Department. Talking to Customs Today, LBTA President Aysha Qazi said that show-cause notices have been issued to the taxpayers on the directives of the Federal Board of Revenue (FBR) but no official ... Read More »

1 bench of Karachi Customs Appellate Tribunal not functional

KARACHI: One of the three benches of the Karachi Customs Appellate Tribunal have not been functional since 2012, it is learnt. The tribunal, which serves as a forum to settle revenue-related disputes of appraisement, was established in 1985 under Section 194 to ease burden on Sindh High Court. Three such tribunals were established, one each in Karachi, Lahore and Islamabad. ... Read More »