FBR and SBP sign MoU for automation of Form-E
KARACHI: State Bank of Pakistan (SBP) and Federal Board of Revenue (FBR) have signed MoU to the effect of automation of Form-E, which would have manifold benefits to all stakeholders…
Form-E and BCAs to be digitalized; agreement signing on October 26, 2015
KARACHI: The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have prepared the module for digitalizing Form-E and BCA’s; an agreement to this effect, which was to…
Son quota appointees in FBR continue to suffer
KARACHI: The officials and staff of Pakistan Customs, Inland Revenue appointed under “son quota“ continue to suffer as a procedural bar curtailing powers of Collector Customs, Commissioners and FBR creates…
Large-scale transfers and postings in Pakistan Customs Service
KARACHI: The Federal Board of Revenue (FBR) has notified large-scale reshuffling in Pakistan Customs Service (PCS) of officers ranging BS-17 to BS-19. Sources said that 70 officers have been transferred…
Mega reshuffling at FBR awaits clearance report by Intelligence Bureau
KARACHI: As the Federal Board of Revenue (FBR) has made it mandatory that prior to transfers and postings of FBR officers of Grade-18 and above, a sort of conduct clearance…
Form-E and BCAs to be digitalized by October 12, 2015
KARACHI: The Federal Board of Revenue (FBR) and State Bank of Pakistan (SBP) have prepared the module for digitalizing Form-E and BCA’s; an agreement to this effect would be signed…
FBR comes hard on import of used trucks in disguise
KARACHI: The Federal Board of Revenue (FBR) has initiated a severe crackdown against the import of used trucks in the garb of prime movers, sprinkle lorries etc. Import of used…
FBR directs re-opening of inquiries into the corruption of Customs employees
KARACHI: The Federal Board of Revenue (FBR) has initiated proceedings against corrupt officials and officers and several pending inquiries have been reopened. Collector Appraisement West Agha Jawad has summoned 11…
Sales tax raised on furnace oil, diesel
KARACHI: The government has raised rate of sales tax on furnace oil in a bid to increase its revenue collection, which had a hit due to declining global oil prices…
SHC adjourns suit by Engro Elengy Karachi against FBR, Customs
KARACHI: The commercial sale of Liquefied Natural Gas was expected to be delayed as a result of litigation between the importer Engro Elengy Terminal Limited (EETL) and Pakistan Customs over…
SHC restrains PQA from using Tugs until payment of Custom, duties
KARACHI:-Port Qasim Authority (PQA), plaintiff in a suit against Federal Board of Revenue and Pakistan Customs was restrained by a division bench of High Court of Sindh on Wednesday from…
Up-gradation of BS-16 officers; Cabinet Division returns FBR’s summary highlighting anomalies
KARACHI: The Cabinet Division has returned the summary forwarded by Federal Board of Revenue (FBR) suggesting up-gradation of senior BPS-16 officers of Customs into BPS-17 and market several anomalies. FBR…
Many FBR officers/officials deprived of enjoying Eid with their families
KARACHI: A number of Federal Board of Revenue (FBR) employees and officers particularly those belonging to Punjab and KPK had to cancel their flights and train reservations and some would…
Full attendance ordered: FBR restricts leave prior to or after Eid holidays
KARACHI: The Federal Board of Revenue (FBR) has instructed all heads of field formations both Inland Revenue and Customs to ensure full attendance prior to or after the Eid-ul-Azha holidays…
Discontinuation of performance allowance; FBR issues outdated list
KARACHI: Around 200 Customs officers of BS-16 have approached Federal Board of Revenue (FBR) that they had been duly filing the Declaration of Assets and yet their names were included…
Al-Shamsher Engineering case; Facts suggest arrest of Customs officers unwarranted
KARACHI: Several facts have emerged suggesting that the Customs officers arrested by NAB in M/S Al-Shamsher Engineering (Pvt) Ltd case was not warranted as their role was limited to the…
Transfer notification of Grade-17-18 PCS officers next week
KARACHI: The Federal Board of Revenue (FBR) is likely to notify transfers and postings of Pakistan Customs Service (PCS) officers of Grade-17 and Grade-19 next week, sources told Customnews.pk on…
New procedure for import/export at border Customs stations
KARACHI: The Federal Board of Revenue (FBR) has notified Rules governing imports and exports at border Customs station. Accordingly, on arrival of the import goods into Pakistan, the gate-in officer…
Revised currency carrying limits: SBP seeks FBR’s help for assistance
KARACHI: The Federal Board of Revenue (FBR) has advised Customs Preventive to coordinate with Director State Bank of Pakistan (SBP) for devising the appropriate mechanism to enforce revised foreign currency…
FBR advises enforcement of austerity measures
KARACHI: The Federal Board of Revenue (FBR) has forwarded the directives of Finance Division to enforce certain austerity and economic measures during the financial year 2015-16. Accordingly, there will be…