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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
Trade deficit with India remains Rs 1.72 billion in first half of Feb 2015
LAHORE: The trade deficit with India through Wagah Border alone remained Rs 1.72 billion during the first half of February...
Bajwa urges field formation collectorates to stop tax evasion, under-invoicing, miss-declaration
KARACHI: The Chairman Federal Board of Revenue (FBR) Tariq Bajwa and Member Customs Nisar Muhammad Ali Khan on Tuesday visited...
IOCO completes issuance of 55 final certificates to local manufacturers
KARACHI: The Input Output Co-efficient Organisation (IOCO) has completed the process of issuance of final certificates to the local manufacturers,...
Multan: Customs detects tax evasion of Rs 25.9m by Reliance Commodities
MULTAN: Model Customs Collectorate MCC Multan has detected special federal excise tax evasion of worth Rs 25.9 million against Reliance...
FBR issues notice to Wapda for payment of Rs 6 billion GST
ISLAMABAD: The Federal Board of Revenue (FBR) has issued notice to Wapda for non-payment of General Sales Tax (GST). The...
DG audit to meet FBR chairman today
ISLAMABAD: Director General Internal Audit Sajjad Haider Cheema will meet Chairman Federal Board of Revenue (FBR) Tariq Bajwa today. The...
Customs urges SBP to make an effective system for reconciliation of Form-E
KARACHI: The authorities concerned of the Pakistan Customs have urged the State Bank of Pakistan (SBP) to make an effective...
Dar asks SECP to take strict action against black sheep in stock market
ISLAMABAD: Federal Minister for Finance, Revenue and Statistics Senator Muhammad Ishaq Dar has emphatically asked the Securities and Exchange Commission...
RTO recovers Rs110m in GMSA sales tax fraud case
FAISALABAD: The Regional Tax Office (RTO) Faisalabad has recovered huge amount of Rs 110 million in a mega sales tax...
NA body on Ports and Shipping will meet on Feb 27 to discuss problems faced by Karachi Port Trust
ISLAMABAD: Meeting of National Assembly’s Standing Committee for Ports and Shipping will be held on February, 27 at Karachi Port...
Multan: Customs relocates 15 officials of below grade 16
MULTAN: The Model Customs Collectorate Multan has reshuffled 15 employees to improve performance of the department. Collector Multan Sarfraz Ahamd...
FBR to promote superintendents, principal appraisers as assistant collectors
LAHORE: The Federal Board of Revenue (FBR) has decided to promote superintendents and principal appraisers to the rank of Assistant...
Pakistan imports items worth Rs 2.12b from India via Wagha Border, Rs241.7m tax collected
LAHORE: Pakistan has imported items worth Rs 2.12 billion during the first half of February 2015 from India via Wagha...
KCCA holds farewell luncheon in honor of Collector Najeeb-ur-Rehman Abbasi
KARACHI: The managing committee of Karachi Customs’ Agents Association (KCAA) arranged a farewell luncheon at Beach Luxury Hotel in the...
China’s VLCC, PetroChina seals crude shipping contract
BEIJING: China VLCC has sealed two year crude shipping contract with Dalian-based West Pacific Petrochemical. The contract will be extended...
Customs seizes mobiles, iPads worth Rs20m from TCS van
KARACHI: Directorate of Customs Intelligence and Investigation Karachi in a successful operation has recovered huge quantity of electronic gadgets including...
Bid foiled to smuggle 130 mobiles, 10 bottles of alcohol: Customs arrests Governor’s protocol officer
LAHORE: Pakistan Customs has arrested protocol officer of Punjab governor at Allama Iqbal International Airport Lahore when he was trying...
China’s FDI rises 29.4% to $13.92 billion in Jan 2015
BEIJING: A Spokesman of Ministry of Commerce (MOC), Shen Danyang, said during a conference that China’s foreign direct investment (FDI)...
Large Hadron Collider undergone major upgrades to begin 2nd 3-yr run
MEXICO: The Large Hadron Collider, built by Cern, the European Organisation for Nuclear Research, has undergone major upgrades this year...
Ministry claims addl Rs33.084b subsidy for Pesco which got Rs68.314b tariff differential subsidy for July 2012 to April 2014
ISLAMABAD - On account of tariff differential for 22 months from July 2012 to April 2014, Ministry of Water and...
