Uncategorized
Pakistan Customs, SBP finalise EIF module for imported consignments
KARACHI: The State Bank of Pakistan, in collaboration with the Pakistan Customs, has finalized the operation meant for clearance of...
LCCI demands extension in IT returns filing date till December 31
LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) has urged the Federal Finance Minister Ishaq Dar and Chairman Federal...
LCCI urges govt to give zero-rated facility to IT, engineering sector
LAHORE: The Lahore Chamber of Commerce & Industry (LCCI) on Wednesday achieved another milestone by holding the LCCI first-ever Export...
DG Imtiaz Ahmad for stern action against importers involved in under invoicing, mis-declaration
KARACHI: Directorate General of Custom Intelligence and Investigation has started preparing a document regarding the importers involved in under invoicing...
CAA to improve security at airports by installing modern baggage scanners
KARACHI: The Japan International Cooperation Agency (JICA) will provide state of the art equipment to the Civil Aviation Authority (CAA)...
China tops list of countries with highest trade deficit of Pakistan
ISLAMABAD: China is on the top of the list of 84 countries with whom Pakistan faces the highest level of...
Businessmen call for urgent repair of Islamabad Dry Port Road
ISLAMABAD: The local business community has called upon the government to issue instructions for urgent repair of Islamabad Dry Port...
Chief Collector Abdul Rashid asked to delay implementation of Form-I
KARACHI: Customs Appraisement-South Chief Collector Abdul Rashid Shaikh has received several requests from the importers and clearing agents in connection...
Sales tax input adjustment on provincial services restored
ISLAMABAD: The Federal Board of Revenue (FBR) has restored input adjustment on provincial sales tax adjustment through Tax Laws (Amendment)...
Tax collection reduced from 0.89 paisa to 0.72 paisa during last nine years: FBR
ISLAMABAD: The cost of tax collection in Pakistan has been reduced from 0.89 paisa to 0.72 paisa on every hundred...
Customs Intelligence unearths Rs 2m tax evasion by Teens & Kids Entertainment
ISLAMABAD: Directorate of Custom Intelligence and Investigation, Rawalpindi detected another tax evasion of Rs 2 million by M/s Teens &...
Acting DG Abdul Rasheed to issue new valuation for imported garments
KARACHI: Acting Director General Customs Valuation Abdul Rasheed Shaikh has agreed on issuing new valuation ruling for the imported garments...
Directorate of Customs Valuation issues valuation guidelines for various items
KARACHI: In order to stop under-invoicing and mis-declaration, the Directorate of Customs Valuation has issued valuation guidelines for the assessment...
Customs Intelligence seizes car bumpers on Rs 3.2 tax evasion
ISLAMABAD: The Customs Intelligence and Investigation, Rawalpindi, has seized car bumpers and control panels imported by M/s Kids and Teens...
ANF recovers marijuana, other narcotics worth Rs 95m
LAHORE: The Anti-Narcotics Force (ANF) has recovered drugs worth Rs 95 million during different raids across the country. According to...
FBR, SRB ink landmark agreement to facilitate taxpayers
KARACHI: The Federal Boar of Revenue (FBR) and Sindh Revenue Board (SRB) have reached an agreement on the parameters for...
Govt withdraws Customs Act 1969 from PATA, FATA
PESHAWAR: After repealing extension of Customs Act 1969 to PATA, the customs authorities have no legal power to check non-duty...
FBR to finalize sales tax refunds promised in budget by tomorrow
ISLAMABAD: The Federal Board of Revenue FBR is going to pay all the pending sales tax refunds by the end...
FBR expresses serious concerns over allegations of ‘fixing’ tax record of PM
KARACHI: The Federal Board of Revenue (FBR) has expressed serious concern over unfounded allegations of ‘fixing’ tax record of Prime...
Senate Finance Committee suggests withdrawal of 17pc sales tax on electricity bills
ISLAMABAD: The Senate Standing Committee on Finance and Revenue, recommended the government to withdraw 17 percent sales tax on electricity...
