Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Establishment Division has notified nomination of BS-20 officers for 103rd National Management Course (NMC) at National Management College Lahore. The BS-20 officers of Pakistan Customs Service nominated for…
KARACHI: As was anticipated, the Federal Board of Revenue (FBR) has notified large-scale transfers and postings in Pakistan Customs Service as Grade 21 and Grade-20 officers have been reshuffled. The…
KARACHI: After the Islamabad High Court has advised Establishment Division to revise promotion formula and referred the cases of several officers for reconsideration, a number of officers are likely to…
KARACHI: Collector MCC Appraisement East Manzoor Memon, who has illegally holding transport permits of consignments being transported to Lahore dry port, has also put three officers on duty-off for legally…
KARACHI: The Federal Board of Revenue (FBR) has notified revised rates of withholding tax for Section 231B of the Income Tax Ordinance, 2001 effective July 01, 2015. Advance tax on…
KARACHI: The Islamabad High Court (IHC) has directed Establishment Division to reframe the formula pertaining to the promotions of civil servants and ordered that the cases of employees of BS-21…
Apropos to the news captioned ’Dismissal of bureaucrats promotion; Establishment Division to challenge IHC order’, it is stated that the order of Islamabad High Court was under-reported. As the complete…
KARACHI: MCC Preventive has seized a liquor consignment at East Wharf valuing around Rs20 million. It was imported from Jabel Ali and a Transshipment (TP) was filed for Peshawar. The…
KARACHI: Director General Intelligence & Investigation Customs Lutfullah Virk headed the Directors Conference in Islamabad on Tuesday. The Conference was attended by six Customs Intelligence directors from all over the…
KARACHI: The Islamabad High Court Single Bench has passed an order and dismissed all the promotions notified in the civil bureaucracy for being in violation of the rules. IHC has…
KARACHI: The Federal Board of Revenue (FBR) has suspended an official of Pakistan Customs for three months on charges of inefficiency. According to a notification, the FBR said that the…
KARACHI: The Federal government has limited the exemption from collection of tax at import stage under section 148 of Income Tax Ordinance, 2001 to specified entities and on import of…
KARACHI: The Federal Board of Revenue (FBR) has provided the exporters with an option from tax year 2015 and onwards to opt out of the final tax regime and file…
KARACHI: The Federal Board of Revenue (FBR) has been equipped with automatic selection of cases for audit that do not fulfill certain conditions. Under the provisions 8 of Section 214D,…
KARACHI: The Federal Board of Revenue (FBR) has introduced progressive tax regime for profit on debt in case of non-corporate taxpayers. The rationale for introducing progressive tax rates is that…
KARACHI: The Federal Board of Revenue (FBR) has issued explanation regarding new withholding tax provisions applicable to banking companies. Banking instruments and channels are used to acquire assets and incur…
KARACHI: The Federal Board of Revenue (FBR) has introduced mobile SMS service ‘9966’ for verification of status on active taxpayers list to facilitate taxpayers and withholding agents. FBR has recently…
KARACHI: The Federal Board of Revenue (FBR) as part of the mission to eliminate corruption in the revenue body has developed a code of conduct. This would discourage officers avoiding…
KARACHI: The accused arrested for their involvement in the pilferage of US Army cargo could not secure bail as the Customs Court has extended the date of bail hearing. The…
KARACHI: Dr. Sayed Yahya Akhlaqi, Director of International Transit of Afghanistan is coming to Karachi on an official trip from July 27 to July 31, 2015 and visit the transit…