Pakistan Customs, Tax, Shipping & Business News Resource
KARACHI: In a recent development, Mr. Muhammad Ismail, an Appraising Officer (BS-16) in Pakistan Customs, has been implicated in a series of malpractices involving illegal gratification and collusion with private…
QUETTA: Umar Shafique, recently appointed as Collector of Enforcement Quetta, has taken decisive action by nominating and arresting his own inspector for involvement in corruption. This sends a strong message…
KARACHI: The Prime Minister has given approval-in-principle to the Federal Board of Revenue (FBR)’s Transformation Plan. To ensure the effective implementation of this plan, the Prime Minister has established several…
KARACHI: The Federal Board of Revenue (FBR) has announced the introduction of the “Pakistan Honour Card” scheme, effective immediately for the tax year 2023. This prestigious program is designed to…
KARACHI: The employees of Pakistan Revenue Automation Limited (PRAL) have not received their salaries for the month of October 2023, as the company is facing financial difficulties due to the…
KARACHI: The Tax Ombudsman Asif Jah in pursuance of own motion cognizance has ordered FBR to trace out the record of remanded back cases prior to the year 2019 and…
Trade based money laundering takes advantage of the complexity of trade systems, the involvement of multiple parties and jurisdictions make risk management processes more difficult. The Web Based Customs Clearing…
KARACHI: MCC Appraisement East has lodged an FIR against M/s RIZ Green Industries and clearing agent M/s Shafaay International for submitting fake documentation to hoodwink the authorities and evade legitimate…
KARACHI: MCC Appraisement West has lodged an FIR against M/s. RIZ Green Industries, Waheed Anwar S/o. Muhammad Anwar and Raja Nusrat Nawaz S/o. Raja Rab Nawaz and Gulshad Ahmed S/o…
KARACHI: Sharjeel Jamal of UTrade Logistics has said that WeBOC system is a flop system, which is unable to stop smuggling and facilitate legitimate trade. The risk management system of…
KARACHI: Tax Ombudsman Asif Mehmood Jah has directed FBR to enforce effective monitoring and enforcement mechanism plugging all loopholes in point of sale regime. FTO’s recommendations were made while conducting…
KARACHI: An In-House Analysis by the office of the Federal Tax Ombudsman has identified that nor its any single FBR field formation maintains any IT based tracking system, any exhaustive,…
KARACHI: The Federal Tax Ombudsman (FTO) in pursuance of Own Motion (OM) investigation initiated while exercising powers conferred under Section 9(1) of the Federal Tax Ombudsman Ordinance, 2000 (FTO Ordinance),…
KARACHI: A customs appellate bench of High Court of Sindh disposed of two identical petitions filed by Messers General Enterprises which challenged recovery of Rupees 30 billion. The petitions pertain…
KARACHI: Special Assistant to Prime Minister on Finance and Revenue, Dr Waqar Masood and Chairman Federal Board of Revenue (FBR) Asim Ahmed were removed after the sensitive data hacking fiasco.…
KARACHI: Non-Custom-Paid (NCP) vehicles are plying on roads in a large number because politicians, officers of government department and law enforcement agencies use these vehicles, while Excise and Taxation Department…
KARACHI: Karachi Tax Bar Association (KTBA) on Thursday requested the FBR to solve the issue of input tax adjustment. KTBA wrote a letter to Dr. Hamid Ateeq Sarwar Member IR–Policy,…
KARACHI: The Federal Cabinet has approved renewal of Regular Public Transport (RPT) License of Airblue Limited with effect from November 20, 2018 to November 19, 2019.The meeting chaired by Prime…
KARACHI: The Federal Board of Revenue (FBR) has notified procedure for disbursement of goods declaration (GD) charges, which were imposed in 2011 against processing of GD of imported consignments. A…
KARACHI: Pakistan Customs web based clearing system (WeBOC) is under DDOS cyber hacking attack, which has adversely affected clearing of import and export consignments. The Customs security system provided by…