Internal Audit points inefficiencies on part of MCC Port Exports Port Qasim

KARACHI: The Directorate of Internal Audit – Customs has pointed several acts of omissions on the part of MCC Exports Port Qasim, which caused losses… Continue reading

FBR to notify property value throughout the country, says Ishaq Dar

KARACHI: The Federal Board of Revenue (FBR) has been authorized to notify the valuations of the properties throughout the country including Karachi, Lahore and Islamabad,… Continue reading

FBR further clarifies taxation of immovable property, Through finance Act 2016

KARACHI: Federal Board of Revenue (FBR) on Thursday said that about eight amendments have been introduced to Income Tax Ordinance, 2001 through Finance Act, 2016… Continue reading

Export of jewelry, gold against fake Form-Es; exporters imposed mammoth penalties

KARACHI: Collector Customs Adjudication Chaudry Muhammad Javaid has charged an entire racket for fiscal fraud and imposed mammoth penalties on several exporters and agents for… Continue reading

PBA sends letter to Chairman FBR to reconsider its budget proposals

KARACHI: The federal finance ministry has again imposed 4 per cent super tax on banks tax income and rejected all proposals of the Pakistan Banks… Continue reading

Customs Adjudication slaps penalty on M/s M.M Marine Services

KARACHI: Collector Abdul Basit Chaudry has imposed a penalty of Rs10,000 on shipping agent M/s M.M Marine Services Pvt Ltd for non-intimating non-arrival of vessel… Continue reading

Textile company penalized for evading government revenue

KARACHI: Collector Customs Adjudication Chaudry Mohammad Javaid has imposed a penalty of Rs5.0 million on M/s Magna Textile Industries Pvt Ltd along with the payment… Continue reading

  • MC