FBR decides to replace GST with VAT
ISLAMABAD: The Federal Board of Revenue (FBR) has decided in principle to move towards replacing the existing General Sales Tax (GST) with Value Added Tax (VAT) across the board for…
Pakistan Customs, Tax, Shipping & Business News Resource
ISLAMABAD: The Federal Board of Revenue (FBR) has decided in principle to move towards replacing the existing General Sales Tax (GST) with Value Added Tax (VAT) across the board for…
KARACHI: Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), hailed the decision of Prime Minister to relocate Pakistan Trade Missions abroad to…
KARACHI: MCC Appraisement East has lodged an FIR against several accused including Pak Shaheen Container Terminal for delivering auction goods on the basis of fake and forged documents prepared through…
KARACHI: Customs Intelligence Karachi launched a crackdown against misuse of concessionary regime on the import of steel coils and lodged three FIRs for submitting bogus import documents to hoodwink Customs…
ISLAMABAD: Federal Cabinet, in its meeting held on 19th November 2019, approved the first-ever National Tariff Policy (NTP), which recognizes the importance of employing import tariffs for industrial development and…
KARACHI: An appellate bench of High Court of Sindh (SHC) comprising Justice Aqeel Ahmed Abbasi and Justice Mahmood A Khan on Tuesday heard about a dozen petitions filed by Sindh…
QUETTA: Quetta Customs recovered 2.0 tons of Hashish (charas) from a trailer coming from border area at Baleli Check post. The estimated value of the said narcotics in international markets…
KARACHI: Directorate of Customs Intelligence Karachi has lodged an FIR against M/s Loyal Traders and others for fiscal fraud through submission of fake and tampered documents, mis-declaration and evasion of…
KARACHI: In line with the recommendations of the Prime Ministers Steering Committee on Anti-smuggling, Pakistan Customs being the country’s lead Anti-Smuggling Organization has accordingly stepped up enforcement actions in coordination…
KARACHI: Governor State Bank of Pakistan (SBP) Reza Baqir has said the economy had begun to show signs of improvement, adding that with measures were in place and inflation would…
KARACHI: The Special Judge, Customs, Excise and Taxation on Monday extended physical remand of two accused arrested by Pakistan Customs on charge of firing at officials in order to get…
KARACHI: The Anti-Smuggling Steering Committee (ASSC) meeting chaired by Prime Minister Imran Khan has approved establishment of national, provincial and divisional level Crossing Point Task Forces, as well as integration…
KARACHI: The Anti-Smuggling Organization (ASO) of MCC Preventive Karachi has recovered huge quantity of smuggled Gutka from Hilal Associates in Gulberg Town. The seized commodity is worth Rs12.075 million. Information…
KARACHI: A container mounted Hino Trailer was ordered to be released by a custom appellate bench of High Court of Sindh on Friday. The court however deferred the release of…
KARACHI: Customs Preventive Quetta conducted raids on a showroom and recovered 11 non-duty-paid luxury vehicles worth Rs90 million. Information was received through Collector Customs Preventive Dr. Iftikhar, that non-duty paid…
KARACHI: The Federal Board of Revenue (FBR) has advised the taxpayers to update their online registration profile in the light of SRO 1190(I)/2019 to entitle them to claim exclusion from…
KARACHI: The Revenue Division Ministry of Finance has constituted the Steering Committee, headed by Chairman FBR Shabbar Zaidi, for restructuring of Federal Board of Revenue (FBR). The member of the…
QUETTA: Customs Quetta has seized large quantity of smuggled goods including Irani diesel in several operations. The Customs is pursuing a rigorous anti-smuggling campaign on the directives of Collector Preventive…
KARACHI: I&P MCC Preventive Karachi has arrested one Director of M/s E-Movers namely Tanveer in relation to the replacement of Afghan transit trade cargo during transit. In pursuance of information…
KARACHI: The custom officials were directed on Friday to submit compliance report regarding order of the court passed on Oct 04 and 22, 2019 in a petition filed by Iqbal…