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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
ECNEC approves construction of flyovers, underpasses for Karachi Circular Railway
ISLAMABAD: Executive Committee of the National Economic Council has approved a summary regarding construction of infrastructure for elimination of level...
Customs Court directs IO to complete investigation against owner of M/s Iqra Corporation in money laundering case
KARACHI: The Customs Court directed investigation officer (IO) of Inland Revenue (IR), Directorate of Intelligence & Investigation-FBR, Karachi to complete...
RCCI inks MOU with Business Botswana South Africa
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) and Business Botswana inked a memorandum of understanding aiming to strengthen...
KCCI seeks extension in IT returns till Oct 31
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) M. Shariq Vohra has requested the government to extend last date...
Customs IPR Enforcement impounds consignment of expired products
KARACHI: Directorate of IPR Enforcement South has impounded a consignment of talcum powder bearing “Yardley’ marks. Sources said that M/s...
PSW to enable Pakistan in becoming int’l trade, transit hub: Tarin
ISLAMABAD: The Federal Minister for Finance and Revenue Shaukat Tarin has said that Pakistan Single Window (PSW) will enable Pakistan...
First consignment leaves for Turkey, Azerbaijan via Iran under TIR
ISLAMABAD: The National Logistics Cell (NLC) has started its operations under the Transports Internationaux Routiers (TIR) Convention with the delivery...
FBR strongly rebuts reports of currency smuggling to Afghanistan
ISLAMABAD: Federal Board of Revenue (FBR) strongly rebutted the reports of currency smuggling from Pakistan to Afghanistan. In a statement,...
Weekly inflation declines to 7.87 percent
ISLAMABAD: The Sensitive price Indicator (SPI) based weekly inflation for the week ended on September 23, for the combined consumption...
SBP reserves fall $479m to $19.5b
KARACHI: The foreign exchange reserves held by the central bank fell 2.4% on a weekly basis, according to data released...
SBP decides to prohibit bank loans for imported vehicles
KARACHI: The State Bank of Pakistan (SBP) on Thursday amended regulations to prohibit financing for imported vehicles. “The changes in...
FBR issues draft rules issued for Uzbekistan-Pakistan transit trade
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued draft rules for Uzbekistan-Pakistan Transit Trade (UPTT). The FBR issued SRO...
ECC approves import of 50,000 MT of sugar
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet approved to import 50,000 MT sugar to maintain sufficient stock in...
KCCI Managing Committee unanimously elects office bearers for 2021-22
KARACHI: The Managing Committee of Karachi Chamber of Commerce & Industry (KCCI), in its meeting held on Thursday, unanimously elected...
SHC summons terminal operator PMBQ DP World, QICT in person used Hino trucks detention case
KARACHI: A two-member bench directed terminal operator at Port Muhammad Bin Qasim DP World, QICT and called him in person...
SHC seeks comments on petition filed by M/s Ubaid Enterprises
KARACHI: A two-member bench, comprising Justice Shafi Muhammad Siddiqui and Justice Agha Faisal issued notices to the customs officials and...
Multan Customs redistributes work among deputy, assistant collectors
MULTAN: Collectorate of Customs Enforcement & Compliance (E&C) redistributed tasks among Assistant Collectors and Deputy Collectors of the region. Multan...
FBR I&I IR detects tax evasion of Rs460m
LAHORE: The Federal Board of Revenue (FBR) Directorate of Intelligence & Investigation, Inland Revenue (I&I-IR) has unearthed tax evasion worth...
FBR not to seek source of remittances sent through ECs
ISLAMABAD: Federal Board of Revenue (FBR) has said that tax authorities will not ask source of foreign exchange not exceeding...
MoC releases new refunds of Rs6bn under DLTL scheme
ISLAMABAD: Ministry of Commerce (MoC) has released new refunds worth Rs6 billion under the Duty Drawback on Local Taxes and...
