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News updates 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
Closing: KSE suffers enormous losses of 419pts, down 1.24% on vigilant trading
KARACHI: The Karachi Stock Exchange benchmark 100-index lost 418.61 points or 1.24 percent to reach 33213.58 points and volume of...
Hong Kong tycoon Li’s firms revenue swells 2% to HK$421.47 billion in 2014
HONG KONG: Hong Kong tycoon Li Ka-shing's two main companies said earnings nearly doubled in 2014 to their highest point...
Weekly review: Bears rule KSE, sheds 360 points in weeklong trading
KARACHI: The Karachi Stock Exchange (KSE) 100-index lost360.81 points in the weeklong trading, as it opened at 33993 points on...
China to impose 10% capital-gains tax on foreign investors
BEIJING: Chinese watchdog has planned to impose 10 percent capital-gains tax on foreign investors of country. Several decisions to enforce the...
China loans $8.6b to Brazil, $7b to Argentina, $5.7b to Venezuela, $821m to Ecuador in 2014
BEIJING: China loaned $22 billion to Latin America during last few years to help buoyant struggling economies that have been...
Qatar’s Milaha revenue jumps 10pc to QR1.04bn in 2014
DOHA: Qatar Navigation Company’s (Milaha) net profit for the full year 2014 touched QR1.04bn, up 10 percent from QR950m recorded...
Customs Adjudication-I issues ONO against welfare association for Rs 8.4m tax evasion
KARACHI: The Collectorate of Customs Adjudication-I has issued Order-in-Original (ONO) against the importer Health Care and Social Welfare Association (charitable...
CNS court sentences heroin smuggler to three years, Rs 50,000 fine
ISLAMABAD: Control of Narcotics Substance (CNS) Special Judge Irum Niazi has ordered three-year imprisonment and a fine of Rs 50,000...
Customs revenue shrinks as import of fresh items from India decreases by 70pc
LAHORE: The import of fresh items like tomatoes, ginger and garlic form India via Wagha border has decreased by 70...
Legal, departmental action will be taken against corrupt officials: FBR
ISLAMABAD: Federal Board of Revenue (FBR) spokesperson Shahid Asad has said that the bureau will not terminate a specific number...
LFU Wagha gets new Internet connection for speedy clearance
LAHORE: The Pakistan Customs Land Freight Unit (LFU) Wagha has been equipped with Cybernet Internet facility by replacing the old...
Karachi: Legal demands of workers, unions acceptable: Collector Saleem
KARACHI: Model Customs Collectorate (MCC) Appraisement-West Collector Muhammad Saleem has made it clear that legal demands of the employees’ unions...
FBR collects Rs 1,519b revenue with growth rate of 13pc in 8 months
ISLAMABAD: The Federal Board of Revenue (FBR) has shown a historic performance regarding revenue collection in the first eight months...
Lahore: Rangers asks LFU Wagha to submit record of employees
LAHORE: The Punjab Rangers asked the Pakistan Customs Land Freight Unit (LFU) Wagha authorities to submit the record of all...
Customs impounds non-duty paid tiles, autoparts, cloth worth Rs 2.33m in Lahore
LAHORE: Directorate of Customs Investigation and Intelligence seized illegally imported goods and articles, including Iranian tiles, auto-parts, curtain cloth and...
Internal Audit-Customs finalises report of gold scam worth Rs 250-300b, vows to make it public
KARACHI: The Directorate General of Internal Audit-Customs has finalized its report on gold smuggling scam. The sources informed Customs Today...
Customs Adjudication adjourns Commander Agro tax evasion case of Rs 7m till March 3
MULTAN: Customs Adjudication has adjourned the hearing of tax evasion in miss declaration of import chemical by Commander Agro Private...
FIA arrests two allegedly involved in Rs 21m fraud with Telenor
LAHORE: The Federal Investigation Agency (FIA), cyber crime cell, has arrested two accused involved in fraud of Rs 21 million...
LFU DC Tauqeer Dar orders customs officials to wear uniform on duty
LAHORE: Pakistan Customs Land Freight Unit (LFU) Lahore Deputy Collector Tauqeer Dar has instructed all the customs staff to wear...
Multan Tax Bar Association elects new president, general secretary for 2015-16
MULTAN: Multan Tax Bar Association have elected Mueed Khawaja as President and Imran Laghari as General Secretary in tax bar...
