Karachi

04/06/2015

KARACHI: Importers are facing hardships due to unnecessary hurdles by Pakistan International Containers Terminal these hurdles result in delay of...

Appellate Tribunal Inland Revenue apprised of problems being faced by KTBA members

KARACHI: A delegation of the Karachi Tax Bar Association (KTBA), headed by its President Muhammad Zubair, met with the chairman...

Committee investigating clearance of 480 cars yet to reach conclusion

KARACHI: A committee formed to decide the fate of the case linked with the clearance of around 480 cars under...

Govt not to issue prize bonds amounting to Rs 25,000, Rs 40,000 from July 1

KARACHI: Federal Board of Revenue is considering to stop issuance of prize bonds worth rupees twenty five thousand and forty...

Appraisement-West’s PRV Cell recovers Rs 14m in May, 2015

KARACHI: The Post Release Verification (PRV) Cell of the Model Customs Collectorate Appraisement-West has recovered an amount of around Rs...

FBR mulling over withdrawing Rs 150 billion worth of subsidies on industries

KARACHI: The Federal Board of Revenue is considering to cut/withdraw subsidies for some of the major industries. The FBR is taking...

Sindh Excise to take action against vehicles having fancy number plates

KARACHI: Sindh Minister for Excise and Taxation Gayan Chand Israni said that strict action will start against vehicles having fancy number...

Gwadar Customs Collector Jawwad commends performance of collectorate

ASO Gwadar seizes 2.1 million litres of diesel in 11 months GWADAR: Model Customs Collectorate, Gwadar’s Anti-Smuggling Organistation (ASO) impounded...

FBR directs field formations to push on revenue collection in final phase

byQaisar Mansoor

KARACHI: The officials concerned of the Federal Board of Revenue (FBR) have directed the heads of all field formations, including...

FBR notifies promotion of 33 PCS officers to BS-20, BS-21

KARACHI: The Federal Board of Revenue (FBR) has notified the promotions of BS-19 and BS-20 officers of the Pakistan Customs...

Sindh Excise facing 50pc cut in vehicle transfer cases due to high WHT

KARACHI: Almost 50 percent decrease has been observed in vehicle transfer cases in Excise and Taxation Department Sindh during the...

Historical achievement: Appraisement-East surpasses target by Rs5.032 billion in May

KARACHI: The Model Customs Collectorate Appraisement-East has surpassed the revenue target by Rs 5.032 billion marking an historic achievement in...

Customs Intelligence asks Bol management to provide documents of imported goods

KARACHI: In the latest development on Bol television channel issue, the Customs Intelligence & Investigation-FBR, Karachi region, has prepared an...

Karachi Customs AIB-R&D recovers Rs10m during May by detecting three cases of tax evasion

KARACHI: The Appraising Intelligence Branch AIB/R&D of Model Customs Collectorate of MCC-Appraisement-West has recovered revenue amounting to Rs 10 million...

Appraisement-West again exceeds target by Rs 1.87 billion in May, collects Rs 20b

KARACHI: The Model Customs Collectorate Appraisement-West has collected total revenue of Rs 20.492 billion in May, 2015 against the set...

Govt to amend sections of Customs Act

KARACHI: Federal government is planning to bring amendments in Customs Act 1969 Section 80 and 121. Sources in the Regional...

FBR decreases tax collection target

KARACHI: The Federal Board of Revenue decreased tax collection target from Rs 2810 billion to Rs 2605 billion during the...

FBR issued notices to 60,000 potential taxpayers

KARACHI: The Federal Board of Revenue issued notices to 60,000 people to bring them into tax net. These notices were...

FIA discovers Axact’s fake degree printing press