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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
ECC approves withdrawal of customs duty on import of cotton yarn till June 30
ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved to withdraw the Customs Duty on import...
Speakers at RCCI VITF (Europe) urge diversification in exports products
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) organized the Virtual International Trade Forum (VITF) chapter Europe. The purpose...
SHC dismisses 14 SCRAs filed by Collector of Customs against M/s Victory Pipe Industries & others
KARACHI: A two-member bench, comprising Justice Muhammad Junaid Ghaffar and Justice Agha Faisal has dismissed 14 special customs reference applications...
FBR collects Rs1.8b as advance tax on capital gains from sale of securities
ISLAMABAD: Federal Board of Revenue (FBR) has collected Rs1.8 billion as advance tax on capital gains from sale of securities...
Spices import increased 31.32pc in 8 months of FY21
ISLAMABAD: The import of spices into the country has witnessed an increase of 31.32 percent during eight months of the...
Budget strategy papers: Govt projects GDP to grow by 4.2pc
ISLAMABAD: The federal government has prepared budget strategy papers FY 2021-22 to FY 2023-24 projecting the GDP to grow by...
Harmonization of sales tax likely to be completed by June: FBR
ISLAMABAD: Harmonization of sales tax between federal and provincial tax authorities may be completed by end-June 2021, officials in the...
SHC restores case against M/s Paramount Enterprises on disputed duty & taxes on consignment of coconut acid oil
KARACHI: The Sindh High Court (SHC) has set aside impugned order passed by customs appellant tribunal and restored order of...
Masood Wyne appointed as convener FPCCI standing committee on “customs dry port affairs”
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Nasser Hyatt Maggo has appointed Masood Alam Wyne...
KP excise dept decides to expand tax net
PESHAWAR: The Khyber Pakhtunkhwa (KP) Excise, Taxation and Narcotics Control department has decided to expand tax net by adding new...
NTC mulling removing duty on imported bus, light truck tyres
LAHORE: The National Tariff Commission (NTC) has started an investigation on the proposal of an importer of tyres for removal...
LEAs & Pakistan Customs to impose heavy fines on smugglers of foreign currency & others
MULTAN: A proposed law has empowered the law enforcement agencies and customs to impose heavy fines on smugglers of foreign...
Pakistan wants to strengthen investment & business linkages with Saudi Arabia
ISLAMABAD: Federal Minister for Finance, Revenue, Industries, and Production Muhammad Hammad Azhar stressed the need for further strengthening investment and...
PTCL remains focused on improving services, all set for 5G: Zaheer Achakzai
KARACHI: Executive Vice President PTCL (South) Zaheer Achakzai has said that PTCL has remained focused on improving its quality of...
Duties & taxes on raw material for pharmaceutical industry should be brought down
LAHORE: Mian Tariq Misbah Lahore Chamber of Commerce and Industry (LCCI) has said that duties and taxes on the raw...
SHC dismisses reference application filed by CIR against M/s Dawood Islamic Bank Limited (Burj Bank)
KARACHI: The Sindh High Court (SHC) dismissed a reference application filed by the Commissioner Inland Revenue through Kashif Nazeer against...
Customs Preventive seizes huge quantity of smuggled goods in different raids
KARACHI: Collectorate of Customs Preventive, Anti-Smuggling Organization (ASO) has seized large quantity of smuggled goods in various operations. Sources told...
SHC orders NAB to file reference against grabbers of forest land
KARACHI: Sindh High Court Sukkur bench ordered the NAB to file a reference against persons who have illegally grabbed the...
Car sales growth up 37pc in nine months of FY2020-21
KARACHI: The sales of locally assembled cars registered 37 percent growth in first nine months (July – March) 2020/2021 owing...
Customs Court approves bail to owner of M/s Arsalan Company in mis-declaration case
KARACHI: The Customs Court granted bail to suspect namely M/s Arsalan Akram son of Akram Rasheed owner of M/s Arsalan...
