Pakistan’s Liquid Foreign Reserves Position
The total liquid foreign reserves held by the country stood at US$ 14,391.7 million as of 26-July-2024. The break-up of the foreign reserves position is as under: i) Foreign reserves…
Collector Appeals Upholds MCC Quetta’s Stance, Dismisses 72 Appeals for Sugar Release
Quetta: The MCC Quetta Collectorate faced a significant legal challenge as 72 appeals were filed against it, predominantly concerning the release of sugar. In a decisive move, the Collector Appeals…
Internal Audit – IRS has detected Rs11 billion tax fraud
KARACHI: With help of newly introduced Highly-Sophisticated Digitalization Initiatives/IT Systems introduced by Prime Minister of Pakistan in FBR as per Reforms Agenda, the FBR’s Directorate of Internal Audit-Inland Revenue Karachi…
Customs Intelligence and Investigations begin destroying seized smuggled goods
KARACHI: Director General Customs Intelligence and Investigation Ali Raza Hanjra has advised all directorates to promptly undertake disposal/destruction of seized goods, which are hazardous in nature. Destruction of seized goods…
FTO recommends immediate disposal of seized hazardous goods
KARACHI: Federal Tax Ombudsman (FTO) has initiated an own motion investigation under the Federal Tax Ombudsman Ordinance. This investigation addresses the alarming issue of large quantities of goods, including currency,…
Annual General Elections of Karachi Customs Agents Association for the Term 2024-2025 to be Held on 14th September 2024 at KCAA Auditorium
Karachi (PR), Mr. Mehmood ul Hasan Awan, General Secretary of the Karachi Customs Agents Association (KCAA), announced through a press release that the KCAA’s Annual General Election for the term…
CSPA seeks support of SHCBA against Custom Court Judge
KARACHI: The Customs & Sales Tax Practitioners Association (CSPA) held a meeting here at Karachi to take stock of complaints and representations against Presiding Officer of Special Custom, Taxation &…
Chairman FBR Amjad Zubair Tiwana to Retire in 15 days Amid Controversy
KARACHI: Federal Board of Revenue (FBR) Chairman Amjad Zubair Tiwana will continue to serve in his position for 15 more days until his retirement. Tiwana had sought premature retirement, which…