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Tag Archives: news

Tariq Bajwa holds meetings with high officials of Pak Customs

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has held a series of meetings with the senior officials of Pakistan Customs at Custom House in Karachi. Member Customs Nisar Muhammad Ali Khan was also present on the occasion. FBR chairman held meetings with the Chief Collectors Nasir Masroor Ahmad, Muhammad Yahya, Collector Preventive S M Tariq Huda, Collector MCC-Appraisement (East) ... Read More »

Railways track to link Karachi and Gwadar in the offing

LAHORE: Pakistan Railways (PR) is planning to lay track to link Karachi to Gwadar seaport to facilitate traders. Sources said that the PR is also working on restoration of ECO train for Turkey via Tuftan and Zahdan. The train will help traders to transport their goods through train to Turkey, Iran, India and Pakistan. The new track will fulfill the ... Read More »

Lahore Customs reshuffles 4 superintendents

LAHORE: Customs Collectorate Preventive has transferred and posted four superintendents including SP anti-smuggling. According to details, the Collectorate of Customs Preventive has transferred SP Yasin Malik and posted Waqar Ahmad Chema as new SP anti-smuggling. Earlier Waqar was serving at airport as recovery officer. Malik Yasin has been transferred to AFU. Similarly, the collectorate has transferred SP Tanveer Ahmad and Tanveerul ... Read More »

FBR chief visits Karachi today

KARACHI: Chairman Federal Board of Revenue (FBR), Tariq Bajwa will arrive in Karachi today to hold meetings with customs officials. According to the sources, the FBR chief during his visit to Karachi will hold marathon spell of meetings with the high officers of Model Customs Collectorate (MCCs) of Port Muhammad Bin Qasim, Appraisement-East, Appraisement-West, Directorate of Transit Trade, Directorate of ... Read More »

Fruit, vegetable exports post growth during last seven months

LAHORE: Exports of fruits and vegetables from the country during first seven months of current fiscal year have increased by 26.88 per cent and 14.65 per cent respectively. During the period from July to January during the current fiscal year, about 416,390 metric tonnes of fresh fruits worth $ 280.337 million were exported as compared to same period of last fiscal ... Read More »

Dar urges FBR to keep up momentum to achieve target

LAHORE: Federal Minister for Finance Ishaq Dar has stressed Federal Board of Revenue to continue with all the vigour and keep the momentum, so that the revenue collection target of February 2014 is also met. The finance minister said this while reviewing the progress of revenue collection and implementation of Prime Minister’s Tax Incentive Package. The Minister appreciated FBR’s initiative ... Read More »

FBR to set up a new customs dry port at Hub: Tariq Bajwa

KARACHI: Federal Board of Revenue Chairman Tariq Bajwa has announced that a new customs dry port will be set up at Hub in Lasbel district to facilitate industries operating in the area and the district and other parts of Balochistan. Bajwa disclosed this in a meeting with a delegation of Lasbela Chamber of Commerce and Industry. He also agreed that ... Read More »

FBR transfers 19 Grade-18, 14 Grade-17 customs officers

ISLAMABAD: Federal Board of Revenue has announced transfers of BS-17 and BS-18 officers of Pakistan Customs Service with immediate effect until further orders. As per notification following officers have been transferred: Nasir Khan (BS-18) has been transferred from the post of Secretary, Federal Board of Revenue Headquarters (Hq), Islamabad to the post of Deputy Director, Directorate General of Intelligence & ... Read More »

DGI&I Customs thwarts tax evasion of $1.5-2m on fake documents

KARACHI: Directorate General of Intelligence and Investigation Customs, Karachi Region has detected a massive case of tax evasion worth $1.5 million to $ 2 million on fake export documents i.e. Form-E used in five consignments. According to details, the DGI&I Customs, Karachi Region had received credible information that some unscrupulous exporters were trying to export goods on fake export documents. ... Read More »

Arrest warrants issued for alleged ringleader of tax evaders

KARACHI: Special Court Taxation has issued arrest warrants for prime suspect Faraz Haroon and others in a multi-million fake sales tax refunds scam. According to details, suspects are allegedly involved in bogus sales tax refunds on fake invoices and tax evasion by misusing SRO 1125. The action has been taken against them on a case registered by Directorate of Intelligence ... Read More »

Time is running out

After passing first seven and a half month, the FBR has been left with no other option but to take corrective measures without wasting any time for making last ditch efforts for achieving highly challenging tax collection target of Rs 2475 billion on June 30, 2014. Chairman FBR Tariq Bajwa has jolted the bureaucracy of tax collection machinery in recent ... Read More »

Early implementation of integrated border management system

To, Prime Minister of Pakistan Mian Nawaz Sharif   Respected Sir,   I would like to request you to please issue directives to expedite the pace of ongoing trade with India through Wagha Border. Early implementation of a well-tailored and well thought-out Integrated Border Management System at Wagha in consultation with all the public and private sector stakeholders is need ... Read More »

Duties on import of parts meant for exportable cars to be refunded

ISLAMABAD: Federal Board of Revenue has retrospectively allowed repayment of customs duties paid on the import of raw materials used in production of Toyota Corolla Altis manual (1600cc) exported from November 5, 2013 onwards. According to SRO (I)2014 the extent of repayment of customs duty would be 13.74 per cent of the fob value on the import of the raw ... Read More »

Authorities need to tap potential revenue-generating sectors: Siraj Khan

ISLAMABAD: Successive governments overcrowded and overburdened the Commerce and Textile Ministry through hiring of their ‘favourites’ without taking its capacity and planning into account which adversely affected the ministry’s performance. National Assembly Standing Committee on Commerce and Textile Chairman MNA Siraj Muhammad Khan made these remarks during an exclusive chat with Customs Today. Siraj said that the committee held its ... Read More »

PM Amnesty Scheme: FBR announces privilege cards to 100 top taxpayers

ISLAMABAD: Under Prime Minister’s Amnesty Scheme, Federal Board of Revenue (FBR) has announced to issue privilege cards to 100 top taxpayers at the end of income tax returns filing process. According to FBR notification, this practice is a part of the Prime Minister’s Amnesty Scheme to give incentives to the taxpayers and promote tax culture in the country. The privilege ... Read More »

Industry being supplied more energy to boost exports: PM

LAHORE: Prime Minister Muhammad Nawaz Sharif has said that Industry is being supplied more electricity and gas as compared to previous years in order to boost up export volume and generate employment. He said this while addressing the 37th Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Export Awards distribution ceremony here. “We will not only jack up the ... Read More »