Minor reshuffling in Inland Revenue Service
KARACHI: The Federal Board of Revenue (FBR) has notified reshuffling of BS-20 and BS-19 officers in the Inland Revenue Service (IRS). According to a notification, Anwar ul Haq (Inland Revenue…
11 percent tax-to-GDP ratio, 1m taxpayers indicative of right trajectory
KARACHI: Outgoing FBR Chairman Mr. Tariq Bajwa has said the tax-to-GDP ratio has crossed 11 per cent while the number of taxpayers filing their tax returns is also set to…
Another consignment seized as anti-smuggling campaign continues
KARACHI: Directorate of I&I Peshawar in an operation has seized miscellaneous smuggled goods worth Rs28 million and arrested one person, as the authorities are committed to root out the menace…
Upgradation of BS-16 officers into BS-17; FBR advised to approach Finance Division
KARACHI: The Establishment Division has advised the Federal Board of Revenue (FBR) to submit a summary to the Finance Division so that the salaries of BS-16 officers who are to…
Ishaq Dar expects more from new FBR team; lauds Tariq Bajwa
KARACHI: Federal Finance Minister, Senator Ishaq Dar has said the entire mainstream Federal Board of Revenue (FBR) team had been replaced and well reputed officers were posted with a view…
Clarification: M/s Fazal Elahi & Sons-Lahore found involved in fiscal fraud
KARACHI: Apropos to a news story uploaded on Customnews.pk dated November 13, 2015 titled ‘Customs recover Rs70 million from M/s Fazal Elahi & Sons’, it is clarified that due to…
Customs Appellate Tribunal allows four identical appeals
KARACHI:- The Customs Appellate Tribunal, Bench I allowed four identical appeals ordering release of confiscated black tea consignment transshipped from Taftan to Quetta Dry Port. The vehicles carrying the imported…
PQA Tugs case adjourned as Customs seek time for assessment of GD
KARACHI:- Justice Aziz-ur-Rahman of High Court of Sindh on Thursday adjourned hearing of a suit filed by Port Qasim Authority against Federal Board of Revenue and Pakistan Customs after PQA…
Senate Committee approves summary regarding up-gradation of Principal Appraisers, Superintendents
KARACHI: Chairman Senate Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization, Saleem Mandviwala has said that the summary regarding upgradation of BS-16 Customs officers has been approved. Talking to…
FBR merge several cadres of BS-16 in Pakistan Customs
KARACHI: The Federal Board of Revenue (FBR) has merged several BS-16 posts in Pakistan Customs and declared a couple of posts as dying cadre, however Principal Appraiser and Superintendent, which…
SHC allows return of surety of accused in alleged ISAF Containers cases
KARACHI:- The Nazir of the High Court of Sindh (SHC) was directed by a division bench comprising Justice Niamatullah Phulpoto and Justice Abdul Malik Gaddi here Tuesday to return the…
Committee formed to take-up gold jewelry export scam
KARACHI: Chief Collector Enforcement South has constituted a 6-member committee to investigate the mega scam involving export of gold jewelry on fake and forged documents. Collector Exports Karachi Saifuddin Junejo…
MCC Quetta seizes smuggled goods
KARACHI: The Model Customs Collectorate of Quetta in three separate operations has seized large quantity of smuggled goods and vehicles as part of ongoing campaign against smuggling. The goods are…
Unwarranted exemption to Aviation sector cost billions in customs duty, Sales Tax, Income Tax in FY 2015-16
KARACHI: The targets set for customs duty and other levies are not ‘chasable’ due to unwarranted ‘blanket tax exemptions’ to particular sectors, senior custom and Federal Board of Revenue officers…
Upgradation of BS-16 officers; Senate Committee meets on Tuesday
KARACHI: Senate Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization would take up the issue of upgradation of Customs BS-16 officers into BS-17 on Tuesday, November 10, 2015. The…
Mechanism notified to discourage transshipment cargo replacement
KARACHI: In order to discourage pilferage and replacement of transshipment cargo (TP), the Federal Board of Revenue (FBR) has made it mandatory for the importer or his authorized clearing agent…
Officials suspended in wheat import scam provisionally restored
KARACHI: The Federal Board of Revenue (FBR) has provisionally restored four officials, which were suspended for their suspected involvement in the wheat import scam. Overall, five officials including Principal Appraiser…
Module for transit trade through railways rolled out all over Pakistan
KARACHI: Directorate of Automation and Reforms has rolled out ‘Multi-model Afghan Transit Trade module in (WeBOC) throughout Pakistan for transit of cargo through railway. This is a multi-module as the…
Electronic Form-E must for exporters shipments from November 11, 2015
KARACHI: Collector Appraisement East Majid Yousafani has advised all the exporters to apply to their respective banks for issuance of electronic Form-E through WeBOC so that there is no delay…
Pakistan Customs affect 14 percent surge in revenue collection
KARACHI: The overall revenue collection by Pakistan Customs in the fiscal year so far i.e. four months (July-October 2015) has surged by 14.39 percent to Rs309.061 billion as against Rs270.163…