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Tag Archives: FBR

12 Customs officers of BS 19-20 assume charge

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding relinquishment/assumption of charges by 12 Pakistan Customs Service (PCS) officers of BS19-20. As per details, Rubina Wasti, (PCS/BS-20) after the Board’s Notification No 1589-CI/2014 dated 19.08.2014, has assumed the charge of the post of Director General (OPS), Directorate of Internal Audit (Customs), Karachi. Dr Nasir Khan, (PCS/BS-19), in pursuance of ... Read More »

Bangladesh’s Telenor Grameenphone registers record 50 million subscribers

DHAKA: Top Bangladeshi mobile operator Grameenphone of Telenor has achieved 50 million subscribers milestone in the country. CEO Vivek Sood has termed it a great achievement in a short span of time. The Grameenphone network which was launched in 2007 currently has more than 8,600 base stations in operation, bringing 99 percent of the population under its coverage. Grameenphone was ... Read More »

SBP to incorporate MRC with SECP to steer housing finance

KARACHI: SBP Deputy Governor Saeed Ahmed while chairing first meeting of the Steering Committee of Mortgage Refinance Company (MRC) held at State Bank of Pakistan said a number of facts are halting growth in housing finance including legal and operational obstacles and non-availability of long-term liquidity. The meeting was also attended by other members of the Committee including executives of ... Read More »

Commerce Minister off to Turkey to represent Pakistan at JMC

ISLAMABAD: Minister for Commerce  Khurram Dastgir Tuesday left for Turkey to represent Pakistan at the Joint Ministerial Commission (JMC) of Pakistan and Turkey scheduled to be held in Istanbul today (Wednesday). The JMC meeting will discuss ways and means for removal of anomalies in bilateral trade as the cargo train agreement already existed between Pakistan and Turkey and through implementing ... Read More »

Port Qasim improving quality of assessment: Collector Surriya Butt

KARACHI:  Model Customs Collectorate (MCC) Port Muhammad Bin Qasim has geared up efforts to improve the quality of assessment and to monitor its impact on the revenue collection. Collector MCC-PQBM Surriya Butt will be chairing the first meeting in this regard on Friday to share the revenue collection efforts of each of assessment group and section during the first the ... Read More »

Audit of FTA Cell, DTRE, vehicles amnesty schemes initiated: Rubina Wasti 

KARACHI: The Directorate General of Internal Audit-Pakistan Customs has initiated the audit of FTA and PTA, DTRE Scheme and Vehicle Amnesty Scheme, it was learnt here on Tuesday. The impeccable sources in DG Internal Audit informed Customs Today that the Federal Board of Revenue (FBR), Islamabad has given special assignment to the Directorate General of Internal Audit to initiate audit ... Read More »

Tea seizure case remains undecided despite lapse of over four years

  KARACHI: A trader is still hoping to get justice for having a tea consignment seized by the Directorate General of Intelligence and Investigation during a raid in Karachi four-and-half years ago. According to the appellant’s counsel Ch Muhammad Rafiq, who pleaded the case before the Customs Appellate Tribunal counsel for the umpteenth time here, the I&I seized 150 gunny ... Read More »

Auction of cars, motorcycles on Oct 27

KARACHI: Regional Tax Office Bahawalpur will hold an open auction of  government cars on as-and-where-it-is basis at its office building located at 21-A Sarwar Shaeed Road, Model Town at 1:00 pm on July 27. In all a total of 12 government vehicles, one car and 11 motorcycles would be put up for the auction. The vehicles to be put up ... Read More »

FBR to defend income tax case of teachers before Federal Ombudsman

ISLAMABAD: The Federal Board of Revenue is to defend its stand on non-provision of income tax exemption to Head Masters and Principals of educational institutions of the Khyber Pakhtunkhwa before Federal Ombudsman. The Federal Ombudsman, which has the vision to promote high standards of governance, accountability and efficiency through administrative justice services and mission to redress public grievances in a ... Read More »

FBR software IRIS: Traders hate what they cannot use

  ISLAMABAD: Several traders have started identifying ‘faults’ in the Federal Board of Revenue’s exemplary programme IRIS to avoid themselves from using it. Customs Today learnt that some businessmen have started propaganda against the programme and the FBR has received several complaints in this regard. FBR Facilitation and Taxpayers Education Member Riffat Shaheen Qazi said all complaints were about “technical ... Read More »

Deputy Collector Kokab decides 309 cases in one year

ISLAMABAD: Deputy Collector of Customs Adjudication Dr Kokab Farooq decided 309 cases during last one year from September 2013 to September 2014 which benefited millions of rupees to the national kitty. 372 cases were filed during last one year and show-cause notices were issued in all these cases. In this way, DCC on average decided one case per day in ... Read More »

ANF arrests 4 smugglers

PESHAWAR:  Anti-Narcotics Force Khyber Pakhtunkhwa chapter arrested four smugglers and recovered 14 kilograms of narcotics from their possession in three separate crackdowns. According to spokesman of Anti Narcotics force, ANF Peshawar in an operation at Bus Stop, University Town, Jamrud Road, Peshawar, apprehended three individuals Socha Gul, Naseem Jan and Niaz Gul Peshawar and recovered 10 Kgs of charas from ... Read More »

Customs agents demand proper parking at Customs House

  KARACHI: The issue of public parking has become grave at Customs House Karachi, customs agents and general public told Customs Today on Tuesday. There is no parking facility of parking for customs agents and general public. There is small parking adjacent to Customs House where Rs 15-20 are charged for motorcycle and car parking respectively while Rs 40-50 are ... Read More »

Samsung Galaxy Note 4 offers unique wearables, Gear S

MUMBAI: Samsung launched new Galaxy Note 4 in India on Tuesday, offering unique smart wearables and Gear S which will further set a new standard in the mobile communication space. The new product features a 5.7-inch Quad HD Super AMOLED. Galaxy Note 4 also comes with an advanced multi-window feature. The Galaxy Note 4 sports a 16 megapixel rear-facing camera ... Read More »

Eliminate terrorism to become investment hub, Moody’s tells Pakistan

WASHINGTON: The executives of the world rating agencies Moody’s, Standard & Poors and Fitch Rating agencies said that if the menace of extremism is eliminated, Pakistan will be an ideal market for capital investments. Finance Minister Ishaq Dar held separate meetings with these representatives in Washington. Moody’s and S & P have been declaring their sovereign ratings on Pakistan while ... Read More »

Misbah, Azhar’s bank accounts seized for non-payment of taxes

ISLAMABAD: Already facing severe criticism after losing series from Australia, now national skipper Misbah-ul Haq’s bank accounts have been seized for recovering due taxes. Federal Board of Revenue (FBR) spokesman Shahid Hussain revealed that batsman Azhar Ali’s accounts have also been frozen. He said, “Misbah has not paid taxes of 3.9 million rupees and Ali owes 1.5 million rupees in ... Read More »

Closing: Bears stare through KSE, ends in black

The major stocks market of country lost 39.19 points despite a good start in morning, yesterday trading KARACHI: The Karachi Stock Exchange (KSE) 100-index could not sustain Monday’s gains and ended in black on Tuesday. The KSE, with a positive start and 100 plus gains in morning, ended with 39.19 points loss to reach 30355.22 points and volume of 118,614,590 shares. Earlier, ... Read More »

Dubai’s foreign trade in IT hardware up by 10 pc: Dubai Customs  

Dubai: In the light of the successful hosting of GITEX Technology Week, which attracted exhibitors and visitors from across the region and around the world, Dubai has firmly established its foothold as a global hub for trading in IT hardware. Statistics released from Dubai Customs have shown that Dubai’s foreign trade in IT hardware for H1 2014 grew by 10 ... Read More »

Four IR, Customs officers of BS17-21 assume charges

ISLAMABAD: Federal Board of Revenue (FBR) has issued notifications regarding assumption of charges by the officers of Inland Revenue Service and Pakistan Customs Service of BS17-21. Tasneem Rehman, in pursuance of Board’s Notification No 1934-IR/2014, dated 02.10.214, BS-21 officer of Inland Revenue Service, has assumed the charge of the post of Director General (Withholding Taxes), Federal Board of Revenue (HQ), ... Read More »

FBR collects Rs63b ‘more’ revenue in July-Sept

ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs563 billion in July-September of current fiscal year as compared to last year’s Rs500 billion, showing growth of 12 per cent. However, there is Rs20 billion shortfall as FBR collected Rs563 billion during the first quarter FY 2014 against the target of Rs583 billion. Sources said that despite the ongoing political turmoil, ... Read More »