Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments to taxation on capital gains on disposal of securities. Relevant sections: Section 37A,…
KARACHI: The Federal Board of Revenue (FBR) on Thursday issued explanation to Finance Act 2014 regarding amendments in mutual funds taxation regime. Relevant sections: clause (6lA) of Section 2, clause…
KARACHI: Pakistan Customs Drug Enforcement Cell (DEC), Jinnah International Airport Unit, Karachi has recovered and seized about one-kilogram light brown heroin powder concealed inside of two velvet car seat covers.…
KARACHI: Pakistan Customs has announced auction of leftover lots of cargo, vehicles and precious stones at SWH, Custom House, Karachi on July 21 at 10:00 AM. Under provisional schedule, leftover…
ISLAMABAD: Finance Minister Ishaq Dar on Wednesday said that Rs2.810 trillion is achievable during the fiscal year 2014/2015 as economic indicators are showing positive trends. Addressing at the Federal Board…
KARACHI: Karachi Tax Bar Association (KTBA) has praised the Federal Board of Revenue (FBR) for achieving unrealistic target for the fiscal year 2013/2014 and for issuing early the draft income…
KARACHI: The MCC Appraisement West has started clearing the fabric consignments as the Customs could not develop a consensus to challenge the Sindh High Court decision in the Supreme Court.…
KARACHI: The Federal Tax Ombudsman (FTO) has rejected a review petition filed by a taxpayer seeking relief in the case of differential amount deducted by customs authorities from post dated…
KARACHI: The Federal Tax Ombudsman (FTO) has rejected a review petition filed by Federal Board of Revenue (FBR) in a case of delayed refunds on which the tax department objected…
KARACHI: The government has decided to present amendment to anti-money laundering act in the parliament by September 2014 to prevent tax evasion in the country. In this regard, to ensure…
KARACHI: The Federal Board of Revenue (FBR) is bound to provide revenue data collected by customs and Inland Revenue separately to International Monetary Fund (IMF) within seven days of each…
KARACHI: Clearing agents have urged the governor of State Bank of Pakistan (SBP) and the president of National Bank of Pakistan (NBP) to make operational five branches as announced recently…
KARACHI: The State Bank of Pakistan (SBP) has said that there is urgent need to clampdown on corruption and leakages in the tax collection machinery for increasing the tax to…
KARACHI: The Federal Board of Revenue (FBR) has directed its officials to properly implement the revenue measures of revised sales tax and federal excise duty (FED) which have been taken…
KARACHI: In a major reshuffle of senior officers of Inland Revenue Service (IRS), the Federal Board of Revenue (FBR) has notified transfers and postings of BS-20 and BS-21 officers, a…
KARACHI: International Monetary Fund (IMF) has said that broadening of tax base in Pakistani government is facing political challenges despite initial success after convincing opposition on reforms. In the country…
KARACHI: Pakistan Economy Forum, in a letter to Nasir Masroor, Chief Collector Appraisement South, notes that non-professional attitude of terminal operators as well as Customs Department was causing serious losses…
KARACHI: The Federal Board of Revenue (FBR) on Monday said that the officials could avail leave or rest in phases as to achieve budgetary targets of tax collection in months…
KARACHI: Model Customs Collectorate of Appraisement (East) has given order for redistribution of work to additional collectors with immediate effect until further orders, an office order said on Monday. The…
KARACHI: The Model Customs Collectorate of Appraisement (East) on Monday redistributed work amongst assistant collectors and deputy collectors with immediate effects until further orders. According to an office order, the…