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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
Budget may feature hike in ‘further tax’
ISLAMABAD: The upcoming budget for 2014-15 likely to feature increase in ‘further tax’ from existing one percent to 2 percent...
Extra ST on power, gas bills likely to go up
ISLAMABAD: The government is considering double ‘extra sales tax’ from 5 to 10 percent on all unregistered electricity and gas...
Lahore Tax offices collect Rs260b in 10 months
LAHORE: Federal Board of Revenue has collected Rs 260 billion on account of income tax, sales tax and excise duty...
MCC Appraisement-East gears up for conducting examination through iPads, tablets
KARACHI: Model Customs Collectorate of Appraisement-East has also introduced the latest technology in the examination area of Pakistan International Containers...
Non-duty paid vehicles, articles worth Rs287m seized in 3 quarters
LAHORE: Anti-smuggling wing of Model Customs Collectorrate Lahore has confiscated vehicles, goods and articles worth Rs 229 million in 287...
Govt to take foreign reserves to $15b till September: Dar
ISLAMABAD: Finance Minister Ishaq Dar said that the government would take the foreign exchange reserves to $15 billion before the...
9 inspectors, 28 senior preventive officers promoted
KARACHI: Model Customs Collectorate of Preventive has promoted nine Inspectors of Preventive Service (BS-16), to Superintendents of Preventive Service (BS-16)...
Cut in duties on imported air guns demanded
LAHORE: Importers of air guns have demanded reduction in customs duty and other taxes on import of air guns. At...
M/s Royal Packages (Pvt) Ltd booked in huge tax evasion of Rs308m
KARACHI: The Research and Development (R&D) Section of Model Customs Collectorate (MCC) of Appraisement-East has detected a case of huge...
Shipping Bill to be enacted soon: Kamran Michael
KARACHI: Federal Minister for Ports and Shipping Kamran Michael has said that the government would soon put the Shipping Bill...
Top cricketers’ undeclared incomes revealed, FBR issues notices
LAHORE: Misbahul Haq, the Pakistani cricket team’s skipper along with Muhammad Hafeez, Azhar Ali and Taufiq Umar have not been...
Chief Collector, Collector inspect examiners’ performance on iPads, tablets
KARACHI: Chief Collector Appraisement-South Nasir Masroor Ahmed and Collector of Model Customs Collectorate of Appraisement-West, Muhammad Saleem along with the...
Rs450m vehicle amnesty scam: Audit of Customs officials’ accounts suggested
KARACHI: The 3-member fact-finding committee comprising MCC Exports Collector Dr Wasif Memon, Additional Director of Directorate of Intelligence and Investigation-Customs...
FBR seizes bank accounts of Al Moeez sugar mill, recovers Rs3m
LAHORE: Federal Board of Revenue has recovered Rs 3 million from bank account of Al Moeez Sugar Mill in Bank...
M/s Eastern Garments booked in tax evasion of Rs96.6m, Contravention Report issued
KARACHI: Model Customs Collectorate of Exports has issued a Contravention Report (CR) against M/s Eastern Garments (Pvt) Limited for violation...
Uniform procedure: Merger of duty-free import schemes likely
ISLAMABAD: The government may merge all temporary importation schemes including Duty and Tax Remission Scheme (DTRE), Manufacturing Bonds Scheme and...
Revenue shortfall may prompt share cut for provinces
ISLAMABAD: Owing the likely shortfall of Rs180 billion in the revenue of divisible pool, the provinces are expected to receive...
Rs2,000b revenue shortfall: TIP reminds Dar of action
ISLAMABAD: The Transparency International Pakistan (TIP) has claimed that the government has failed to implement its recommendation made on the...
Chinese delegation visits Gwadar port
GWADAR: A Chinese delegation visited Gwadar deep sea port to review arrangements for making it functional. On the occasion, Gwadar...
Money changers get immunity from ST
LAHORE: In compliance with the federal government directives, the Punjab Revenue Authority (PRA) has exempted foreign currency dealers and money...
