Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: The Federal Board of Revenue (FBR) has made mandatory the collection of withholding tax at the time of registration of imported vehicle. According to the Finance Act, 2014 passed…
KARACHI: The Federal Board of Revenue (FBR) has issued special procedure for the goods (stationary, foods, parts for bicycles) specified in serial number 12 of the Fifth Schedule of Sales…
KARACHI: The Federal Board of Revenue (FBR) on Thursday amended the Sales Tax Special Procedure Rules, 2007 to impose sales tax on retailers as announced in the federal budget 2014/2015.…
KARACHI: The following officers of Pakistan Customs Service have assumed the charge as Additional Collector / Additional Director / Secretary, Federal Board of Revenue (FBR) on their promotion in BS-19…
KARACHI: The Directorate General of Intelligence & Investigation-FBR has lodged an FIR against the proprietor and staff of M/s A-Z Corporation and M/s L.J Corporation for being involved in the…
KARACHI: Following is the Finance Act, 2014 approved by the Parliament to incorporate Budget 2014/2015. (1) Short title, extent and commencement.__ (1) This Act may be called the Finance Act,…
KARACHI: The R&D Appraisement West has lodged FIR against certain importers who were taking undue advantage of SRO 670 (I)/2013 and evading the entire sales tax of 17 percent on…
KARACHI: The Sindh high Court has stayed Directorate General of Intelligence and Investigation, FBR from taking any coercive action against M/s First Lock Enterprises pursuant to the FIR lodged against…
KARACHI: The State Bank of Pakistan (SBP) has announced that all commercial banks will observe Monday, June 30 as normal working day for collection of duty and taxes to facilitate…
KARACHI: The Collector of Customs Adjudication has imposed a fine of Rs296,999 long with a penalty of Rs150,000 on M/s Sultan Enterprises Import & Exporter for mis-declaration of items enlisted…
KARACHI: The Federal Board of Revenue (FBR) has issued a final seniority list of joint Director (BS-19) officers of its cadre (EX-CADE) of Inland Revenue, a notification said on Saturday.…
KARACHI: The Customs Authorities have foiled a bid to smuggle mobile phones worth Rs20 million into the country and arrested a passenger in this regard. Following the directives of Tariq…
KARACHI: Model Customs Collectorate Appraisement (East) has issued tariff classification for thermoplastic rubber after the dispute arising between importers and customs officials over the valuation. It is notified that the…
KARACHI: Karachi Port Trust (KPT) has announced the operational working hours of Wharves and Karachi Dock Labour Board (KDLB) for the month of Holy Ramazan-ul-Mubarak. According to the new schedule…
KARACHI: The Federal Board of Revenue has notified that the authorized branches of SBP, National Bank of Pakistan (NBP), commercial banks and NIFT would remain open on June 28, 29,…
KARACHI: The Collector of Customs MCC Port Qasim, Dr. Jawwad Uwais Agha has issued an alert to South Appraisement regarding import of counterfeited packing material keeping in view that counterfeits…
KARACHI: The Federal Board of Revenue on Thursday announced the promotion of BS-18 officers of Pakistan Customs Service to the post of Additional Collectors (BS-19) with immediate effect. The officers…
KARACHI: The Federal Board of Revenue (FBR) has received a complaint against Officers of Inland Revenue Services (IRS) for demanding bribe and visiting business premises along with private persons for…
KARACHI: The Model Customs Collectorate of Appraisement-West is all set to lodge FIRs against over a dozen importers for evading duty and taxes through mis-declaration and claiming undue benefit of…
KARACHI: Transparency International Pakistan (TIP) has urged the prime minister to intervene into the affairs of the Federal Board of Revenue (FBR) where rampant corruption is eating billions of public…