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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
SBP allows transfer of up to $200,000 as payment for foreign digital services
KARACHI: State Bank of Pakistan (SBP) has allowed banks to release a maximum amount of $200,000 per year as payment...
SHC orders action against schools flouting 20pc fee cut law
KARACHI: The Sindh High Court (SHC) on Thursday directed the authorities concerned to take action against private schools refusing to...
SC dismisses petitions against imposition of GIDC, companies to pay Rs417b
ISLAMABAD: The Supreme Court on Thursday announced its reserved judgement on Gas Infrastructure Development Cess (GIDC), dismissing petitions challenging imposition...
Customs, IR inquiry officers asked to conclude hearing of cases in 90 days
LAHORE: Customs and Inland Revenue (IR) inquiry officers has been asked to actively inquire into and apply an independent mind...
Customs puts in place preventive mechanism to control under-invoicing, over invoicing
LAHORE: Pakistan Customs has put in place proactive / preventive mechanism to effectively control under-invoicing / over invoicing and mis-declaration...
FBR announces rules to implement new tax regime for imported goods
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified rules to implement new taxation regime on import of goods, which...
FBR issues procedure for over-ruling objections on refund claims
ISLAMABAD: Federal Board of Revenue (FBR) issued procedure for over-ruling objections raised by Fully Automated Sales Tax e-Refund (FASTER) in...
FBR updates WHT rates on registration, transfer of motor vehicles
ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on registration and transfer of motor vehicles for tax...
All 15 BMGIANs elected unopposed in KCCI’s Election 2020-22
KARACHI: All candidates of Businessmen Group (BMG) have been elected unopposed for the Managing Committee of Karachi Chamber of Commerce...
FBR transfers 5 PCS officers of BS-18-20 with immediate effect
ISLAMABAD: Federal Board of Revenue (FBR) has issued notification for transfers and postings of following officers of Pakistan Customs Service...
Pakistani exporters urged to tap China’s meat market
LAHORE: The Pak-China Joint Chamber of Commerce and Industry (PCJCCI) on Wednesday suggested Pakistani exporters develop close linkages with Chinese...
Interest rate on youth loans slashed by half: Hafeez Shaikh
ISLAMABAD: In a major relief, Adviser to Prime Minister on Finance Abdul Hafeez Shaikh on Wednesday announced that the government...
Collector Appraisement Mohsin Rafiq transfers deputy, assistant collectors
LAHORE: Collectorate of Customs Appraisement and Facilitation Mughalpura Dry Port Collector Mohsin Rafiq has issued orderfor transfer/posting of following officers...
KCCI seeks support on Siraj Teli’s statement on outsourcing Karachi’s infrastructure development to NDMA, FWO
KARACHI: Chairman Businessmen Group (BMG) & former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has said,...
EX- DG Excise records statement before NAB in liquor license case
LAHORE: Former director general (DG) Excise Akram Ashraf Gondal has recorded his statement before the NAB team in a case...
Liquor licence case: NAB asks Buzdar to submit response by August 18
LAHORE: Punjab Chief Minister Usman Buzdar has been directed by the National Accountability Bureau (NAB) to submit his response by...
Identification card mandatory for customs agents for entry in Mughalpura Dry Port
LAHORE: Collectorate of Customs Appraisement and Facilitation Mughalpura Dry Port, deputy collector issued directed that no customs clearing gent or...
Customs collects less revenue in 3rd & 4th quarter of FY2019-20 due to Covid-19 : Collector Seema Bokhari
ISLAMABAD: Collectorate of Customs Collector Seema Raza Bokhari has said that the Collectorate is excepting revenue from telecommunication companies due...
Car sales decline by 8pc in July 2020
KARACHI: Domestic car sales have registered 8 percent decline to 11,501 units in July 2020 as compared with 12,482 units...
Multan Adjudication settles 61 seizure cases Rs207.785m
MULTAN: Collectorate of Customs Adjudication Multan Camp Office finalized 61 seizure cases involving Rs207.785 million during the month of July...
