Karachi
Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people
SRB notifies sales tax rates on services provided by restaurants
KARACHI: Sindh Revenue Board (SRB) has notified sales tax rates on services rendered by restaurants in the province. The SRB...
II&P Cell submits FIR against M/s Amna Corporation in Rs11.656m sales tax evasion case
KARACHI: The Customs Court directed investigation officer of Inland Revenue (IR) to complete investigation and submit progress report against Muhammad...
Rs56.126m sales tax refund scam: Customs court seeks progress report against M/s Hanata Trading
KARACHI: The Customs Court directed investigation officer to complete investigation and submit progress report against suspect namely Muhammad Saleem, owner...
SRB announces sales tax rates on banking services
KARACHI: Sindh Revenue Board (SRB) has issued sales tax rate at 13 percent on services rendered or provided by banking...
Collector Fawad Shah’s Customs Exports foils bid to smuggle heroin worth $25m to Canada
KARACHI: Collectorate of Customs Exports, Port Mohammad Bin Qasim (PMBQ) foiled a bid to smuggle 36.2 kilograms of heroin concealed...
SHC seeks comments on petition filed by partners of M/s World Ocean Centre
KARACHI: A two-member bench issued notices to the customs authorities and directed them to file their respective parawise comments on...
SHC bars customs officials from taking action against M/s Jinn Petroleum
KARACHI: A division bench of the Sindh High Court (SHC) restrained customs officials from taking any coercive action against the...
Customs ASO impounds smuggled tyres from warehouses located in old Sabzi Mandi
KARACHI: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) seized huge quantity of smuggled tyres dumped in warehouses in old Sabzi...
FIR lodged against M/s Emmar Industries in sales tax refund scam
KARACHI: The Customs Court has directed investigation officer of Intelligence Investigation & Prosecution (II&P) Cell, Zone-I, Regional Tax Office-III, Karachi...
M/s Ghandhara DF Private Ltd challenges SRO 572(I)/2020 in SHC
KARACHI: M/s Ghandhara DF Private Limited has approached the Sindh High Court (SHC) and filed a constitutional petition against impugned...
Fake & flying invoices: IR submits FIR against M/s Shan Enterprises
KARACHI: The Customs Court admitted first information report (FIR) against Muhammad Shahzad, owner of M/s Shan Enterprises and others for...
Puma Energy Pakistan moves SHC challenging demand notice for recovery of petroleum levy
KARACHI: Puma Energy Pakistan (Private) Limited has approached the Sindh High Court (SHC) and filed a constitutional petition challenging impugned...
FPCCI seeks reduction in levy, taxes on petroleum products
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Saturday demanded the government of reducing levy and taxes...
Customs Court approves remand of suspect in diesel smuggling via deep sea case
KARACHI: The Customs Court approved physical remand of suspects namely Syed Umer, Noor Muhammad Khan, Rahat Khan, Farman Ali, Momin...
Money printing cost rises to Rs13.32b in FY20: SBP
KARACHI: The State Bank of Pakistan (SBP) has said that cost of printing of money increased to Rs13.32 billion in...
Sugar import: Unloading underway as 25,250 ton shipment berths at Port Qasim
KARACHI: Unloading of imported sugar consignment underway which docked at Port Qasim Karachi yesterday carrying over 25000 Tonnes of sugar...
SHC directs to release consignments imported by M/s Radium Silk Factory & others
KARACHI: A division bench of the Sindh High Court (SHC) directed customs officials to release consignments of fabrics and deposited...
SBP rakes in Rs1.163 trillion profit in FY20
KARACHI: The State Bank of Pakistan (SBP) raked in a net profit of Rs1.163 trillion in the fiscal year...
SBP reserves up $55m to $12.12b
KARACHI: The foreign exchange reserves held by the State Bank of Pakistan increased 0.45pc on a weekly basis, according to...
Customs Court awards imprisonment to suspect in contraband goods smuggling case
KARACHI: The Customs & Taxation Court awarded 26 days imprisonment and fine of Rs3,00,000 to suspect namely Hadayat Ullah son...
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