Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: Directorate of Internal Audit-Inland Revenue-Karachi has uncovered a colossal tax fraud amounting to a staggering Rs. 314 billion. The investigation, initiated under the directives of Mr. Bakhtiar Muhammad, Director…
KARACHI: President Karachi Chamber of Commerce & Industry (KCCI) Mohammed Tariq Yousuf, while vociferously slamming the Federal Board of Revenue (FBR) for its discriminatory attitude towards the rest of the…
KARACHI: Members of a delegation from Automotive Traders & Importers Association (ATIA) led by President ATIA Ch. Amir Ali Khan expressed deep concerns over Excise & Taxation (E&T) Department’s unjust…
KARACHI: The Federal Tax Ombudsman (FTO) in pursuance of Own Motion (OM) investigation initiated while exercising powers conferred under Section 9(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance),…
Karachi (PR): Mian Nasser Hyatt Maggo President FPCCI thanked Dr. Muhammad Ashfaq Ahmad Member Inland Revenue (Operations) and his team including Dr. Afta Imam, Chief Corporate Tax Office, Hameed Memon…
KARACHI: Member Inland Revenue – Operations, Federal Board of Revenue (FBR) Dr. Muhammad Ashfaq Ahmad has said that for the next budget, FBR’s priority is to cut the cost of…
KARACHI: A customs appellate bench of High Court of Sindh restrained the custom officials from taking any coercive action against petitioner company Home Services without proper adjudication and affording an…
KARACHI: A large scale transfers and postings of BS-21 and BS-20 officers of Federal Board of Revenue (FBR) are likely to be notified today (Friday). Sources said that the new…
KARACHI: The Ministry of Finance through Federal Board of Revenue (FBR) spends millions of rupee for improving tax recovery system and appoints commissioners, assistant commissioners and tax specialist lawyers, but…
KARACHI: Customs Enforcement South headed by Chief Collector Mohammad Zahid Khokhar has been quite instrumental against the FBR’s anti-smuggling campaign, which is reflected in the revenue collection surpassing all targets.…
KARACHI: The anti-smuggling campaign recently launched by Pakistan Customs suffers a set back after officials are threatened and attacked, while the authorities seem helpless against the smugglers and criminals. In…
KARACHI: The central bank has highlighted Federal Board of Revenue (FBR) dependence on regressive taxation to meet targets, and advocates broadening of base through documentation of economy. Regressive tax is…
KARACHI: MCC Quetta has been quite efficient in its campaign against smuggling and seized smuggled/non-duty-paid goods worth Rs87.52 million in one week. Customs Quetta conducted several operations at Quetta-Lakpass Road,…
KARACHI: FBR’s IT wing, Pakistan Revenue Automation Limited (PRAL) has not been able to fix the bugs in the system due to which a large number of taxpayers are unable…
KARACHI: As per the directives of Federal Board of Revenue (FBR), the Inland Revenue formations hare carrying on an awareness campaign regarding the Voluntary Tax Compliance Scheme throughout the country.…
KARACHI: MCC Quetta has seized large quantity of smuggled goods in an operation conducted with assistance of FC on Chaman-Quetta road. In pursuance of credible information received by the Collector…