Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: In an unprecedented crackdown, the Export Collectorate of Port Muhammad Bin Qasim (PMBQ) has uncovered a staggering fiscal fraud and smuggling scheme amounting to Rs. 825 million. The First…
Islamabad, Pakistan: Philip Morris Pakistan Limited (PMPKL) has underscored the urgency for immediate measures to tackle the escalating presence of low-priced non-tax-paid cigarettes, which has resulted in a loss of…
The increase in Federal Excise Duty (FED) on juices from 10% to 20% in the Federal budget amendments is a severe blow to the juices industry. Due to the effects…
Islamabad: The aerated beverages industry’s representatives appeared before the Senate Standing Committee on Finance and Revenue and Chairman of the Federal Board of Revenue (FBR) to seek a reduction in…
The tobacco sector has been at the hit list for the government’s increasingly higher revenue collection needs, by paying higher taxes. The fresh massive strike of around 153 percent Federal…
KARACHI: A constitutional petition filed by Havelet Gas Private Limited against Federal Board of revenue and Inland Revenue Service (IRS) was disposed of here on Wednesday by an income tax…
KARACHI: Twenty four Complaints were filed against FBR Islamabad and Pak Suzuki Motor Company Limited, in terms of Section 10(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance) for…
KARACHI: The Federal Budget 2019-20 has proposed Federal Excise Duty (FED) in the range of 2.5% to 7.5% on locally manufactured or assembled motor cars, SUVs and other motor vehicles,…
KARACHI: The Federal Budget 2019-20 announced on Tuesday has proposed Federal Excise Duty (FED) at the rate of 17 percent on edible oil and ghee. Vegetable ghee and cooking oil…
KARACHI: The Model Customs Collectorate (MCC) Quetta exceeded its tax collection target for July-September by 42 percent comparing to the corresponding period of 2017-18. Collector MCC Quetta Ashraf Alt said…
KARACHI: The Directorate of Post Clearance, Karachi Audit has made remarkable performance in the month of July 2017 and detected 20 cases involving revenue of Rs368.555 million. Directorate of Post…
KARACHI: Government of Pakistan has decided to reduce taxe on mobile phone service usage as a reduction of withholding tax and Federal Excise Duty on telecom services is proposed through…
KARACHI: Gul Rehman is the best thing that ever happened to the Directorate of Post Clearance Audit (PCA) as he truly made the Directorate a watchful eye over the Customs…
KARACHI: M/s Chaudry Sugar Mills has approached Appellate Tribunal appealing against the order of Collector Customs Adjudication, which charged the sugar mill for making fake export GDs and making paper…
KARACHI: The Ministry of Finance through Federal Board of Revenue (FBR) spends millions of rupee for improving tax recovery system and appoints commissioners, assistant commissioners and tax specialist lawyers, but…
KARACHI: Owing to the rising Federal Excise Duty (FED) through the finance bill 2016, the cement prices would be increased by Rs 35-40/bag or around 7 per cent throughout the…
KARACHI: The government’s decision to increase Federal Excise Duty (FED) on Cement from five per cent to Rs 50 on a 50-kilogram bag, will not only increase Rs 22 on…
KARACHI: Directorate of Post Clearance Audit Karachi has detected duty/tax evasion and short payment of Rs455.37 million in the month of April 2016 by various companies and traders. The Directorate…
KARACHI: An appellate bench of High Court of Sindh comprising Justice Munib Akhtar and Justice Abdul Malik Gaddi on Friday issued notices to Coca Cola Export Corporation (pvt) Limited in…
KARACHI: Chief Commissioner RTO-I Karachi has nominated a Deputy Commissioner as the focal person regarding evacuation of illegal occupants of the FBR’s land in Mauripur of 4,605 acres. Earlier, Omar…