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Tag Archives: Hafizabad

GEPCO recovers Rs 9.43 from defaulters in September

  SIALKOT: The Gujranwala Electric Power Company (GEPCO) has recovered Rs 9.43 billion from both small and big defaulters in September. According to GEPCO officials, they have recovered Rs 8.42 billion from the private sector while the government sector also deposited Rs 430 million in this regard. GEPCO has also started a campaign to disconnect power connections of hundreds of ... Read More »

Issue of wrong property tax: Mujtaba takes action against Excise officials

LAHORE: Punjab Minister for Excise & Taxation Mujtaba Shujaur Rehman has issued directions to the Excise authorities concerned for initiating disciplinary action against the officials who are involved in ‘over-billing’ and harassment of people and warned to send them jail if found guilty. He issued these instructions, while presiding over a high-level meeting to address property tax related issues. MNA ... Read More »

Govt approves mega plan for customs collectorate in Gujranwala

SIALKOT: The federal government has finally approved a mega plan of establishing a Model Customs Collectorate on five acres of land along the River Chenab Toll Plaza near Wazirabad. Sources told Customs Today that Rs 5 billion would be spent on the establishment of new Model Customs Collectorate (MCC) near Wazirabad, as the revenue department has already sent a summary ... Read More »

Dar wants donors moot to raise funds for flood victims

ISLAMABAD: Federal Finance Minister Ishaq Dar has directed the Economic Affairs Division (EAD) and Foreign Office to hold a donors conference after preparing a report on assessment of damages by floods in the country. The finance minister passed the orders while chairing the 3rd meeting to review the flood situation and relief and rescue activities. He was also given a ... Read More »

Revenue collection target for Sept in Gujranwala, Sialkot in doldrums

SIALKOT: It has become very hard for the Federal Board of Revenue (FBR) to achieve the tax recovery target of Rs 1.8 billion fixed for Sialkot and Gujranwala regions for September after the flood wreaked havoc in both regions. According to the senior FBR officials, the FBR had set a recovery target of Rs 850 million for Sialkot region comprising ... Read More »

Man held with 1.2kg heroin at Islamabad airport

RAWALPINDI: The Anti-Narcotics Force (ANF) foiled an attempt to smuggle heroin abroad and arrested a passenger at Benazir Bhutto International Airport here. According to the ANF, a man named Shakil, a resident of Hafizabad, carrying 1.2 kgs of heroin, was about to board a Dubai-bound flight at Benazir Bhutto International Airport. In the meanwhile, he was intercepted and arrested by ... Read More »

Punjab fixes Rs 5.74 billion revenue target for Gujranwala

SIALKOT: The Punjab government has fixed a recovery target of Rs 5.74 billion as agricultural income tax, stamps duty, registration fees, land revenue tax and capital value tax on the sale, purchase and transfer of the properties and lands in Sialkot, Narowal, Gujrat, Hafizabad, Mandi Bahauddin and Gujranwala districts. According to the senior officials of the Board of Revenue Punjab, ... Read More »

Excise Department issues notices to recover luxury tax in Gujranwala

SIALKOT: The Excise and Taxation Department has issued notices to 170 owners of luxury houses in Gujranwala division to recover Rs 70 million as luxury tax. The Punjab government has recently levied luxury tax under the ratio of Rs 125,000 per kanal as property, including the posh localities of the cantonment boards. Director Excise and Taxation Ashiq Hussain Shah said ... Read More »

Civil disobedience call: Gujranwala RTO exceeds tax target by Rs60m

SIALKOT: The Regional Tax Directorate Gujranwala has achieved its recovery target fixed for the month of August 2014 and has collected Rs800 million despite PTI Chairman Imran Khan’s call of civil disobedience, in the region’s all six Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala districts. Senior officials of the directorate claimed that Rs60 million had been collected more than ... Read More »

Customs serves recovery notices on 55 steal millers

SIALKOT: The Regional Tax Directorate in Gujranwala has issued tax recovery notices to 55 steal millers. The directorate has also collected Rs 500 million taxes in Gujranwala division despite the civil disobedience call given by the Pakistan Tehreek-e-Insaf Chairman Imran Khan. According to a senior official, the Federal Board of Revenue (FBR) has set another target of Rs 250 million ... 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 »

Gujranwala E&T to recover Rs1.6b

SIALKOT: The Excise and Taxation Department have started special campaign to recover Rs1.6 billion from the tax defaulters across Gujranwala division. As per details, 70 teams of Excise and Taxation Department have started recovery in Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala districts. A senior official told Customs Today that the department will recover Rs14.3 million as excise duty, Rs87.5 million as ... Read More »

Gujranwala region: FBR to bring 10,000 evaders under tax net

SIALKOT: Federal Board of Revenue (FBR) has decided to bring about 10,000 small traders and businessmen under the tax net and to collect tax from 85000 inactive NTN holders in Gujranwala region. As per details, the FBR has formulated six special teams for each of the six districts, Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala which were going ... Read More »

FBR starts tax collection on property transfer

SIALKOT: Federal Board of Revenue (FBR) have started collection of withholding tax on the transfer of the property of Rs.3 million or above in all all six districts Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and of Gujranwala region. A officials told Customs Today that the FBR had already asked the Punjab government to ensure the collection of withholding tax ... Read More »

Pak Customs guarding borders against smuggling: Collector

SIALKOT: Collector Model Collectorate of Customs Sialkot Qurban Ali  Khan said that Pakistan Customs has been guarding Pakistani borders against smuggling and facilitating the legal trade. Talking to the Customs Today at his office Mr Qurban said that the Pakistan Customs has been trying to assist FBR in his revenue collection efforts in the form of duty recovery on goods traded ... Read More »