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Tag Archives: Nisar Muhammad

FBR officials arrest factory owner for evading Rs 280 million tax

LAHORE: Federal Board of Revenue Lahore Deputy Commissioner Inland Revenue Raza Ashfaq Sheikh has arrested a factory owner for allegedly evading Rs 280 million tax. As per details, the deputy commissioner raided a house in Shahdman, Lahore, and arrested Nasir Tariq Butt, owner of Munir Foundry situated on Shiekhpura Road. Butt had not been paying his tax dues since 2009. ... Read More »

Member Admin Shahid Jatoi takes action against corrupt officers

ISLAMABAD: Federal Board of Revenue (FBR) Member Admin Shahid Hussain Jatoi has learnt that most of his instructions regarding corrupt officers were being ignored by lower management staff. As per details, Jatoi has sought the records of personal hearings against corrupt officers, from his appointment to date, on reports of mismanagement in these cases. It is learnt that the Member ... Read More »

Customs not to clear 6 fabric trucks sans import documents

KARACHI: The Cloth Merchants Association has expressed deep concerns over the seizure of six trucks containing imported fabric during a raid conducted by FBR Directorate General of Customs Intelligence & Investigation Karachi and Pakistan Rangers near Allahwala Market, Lucknow Plaza. As per details, the association termed the raid “illegal” and alleged that the customs intelligence was misusing powers by breaking ... Read More »

Customs seizes shampoos, soaps at Sagian Bridge

LAHORE: The customs anti-smuggling cell seized a bus loaded with non-customs paid goods worth Rs 0.8 million on Tuesday. Sources said that the anti-smuggling cell impounded imported shampoos, soaps and miscellaneous goods at the Sagian Bridge. They said that the cell sent a team under guidance of Anti-Smuggling Inspector Khalid Butt that confiscated the bus filled with illegal goods and ... Read More »

LCCI President Sohail Lashari says businessmen know social obligations

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Engineer Sohail Lashari, during a visit to Al-Ehsan Welfare Eye Hospital, said that the business community is quite conscious of its corporate social responsibilities and is utilising all its resources to the help of less privileged class of society. “The LCCI has already done a lot of work in social sector ... Read More »

PRA seeks audited copy of accounts from taxpayers

LAHORE: The Punjab Revenue Authority (PRA) has asked the registered persons and businesses in corporate sector to submit a copy of annual audited accounts along with tax payments’ propriety certificate from auditors. The authority said that the main provisions relating to maintenance and production of records for the purpose of Punjab sales tax are available under sections 31 and 32 ... Read More »

2000 containers used to restrain Imran, Qadri marches

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Mian Tariq Misbah said that road blockade with containers may save the democracy but could subvert the economy. He said that delay in consignments has affected the business community, especially the small businessmen and industry. “If government has given the permission to the marches of Pakistan Tahreek-e-Insaf Chairman Imran khan ... Read More »

US Customs to return ‘Tyrannosaurus Skull’ to Mongolia

NEW YORK: The US customs authorities has decided to return the skull and vertebrae of an Alioramus dinosaur, a relative of the iconic Tyrannosaurus Rex, to Mongolia after Customs and Border Protection agents became suspicious of the French company importing them into the US. As per details, France had sent 70-million-year-old fossils, via courier, to a storage facility in Long ... Read More »

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 »

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 »