Eid holidays: Exchequer likely to suffer Rs25-30b loss
ISLAMABAD: National exchequer may suffer Rs25-30 billion loss due to long holidays of Eid-ul-Fitr. Due to which revenue target of the first month of FY2014-15 could not be achieved. Acting FBR Chairman...
View ArticleDastgir calls on Bhutan’s Minister for economic affairs
ISLAMABAD: Minister of Commerce, Engineer Khurram Dastgir Khan called on Economic Affairs Minister of Kingdom of Bhutan Lyonpo Norbu Wangchuk, on the sidelines of the 8th South Asian Free Trade...
View ArticleDTRE scheme: Customs to recover millions from Lucky Cement
KARACHI: The Federal Board of Revenue (FBR) has asked Pakistan Customs to recover tax worth millions of rupees from M/s Lucky Cement Limited as company found guilty of tax evasion in duty and tax...
View ArticleMultan Customs I&I seizes smuggled cloth
MULTAN: Multan Customs Intelligence and Investigation (I&I) has seized two trucks loaded with imported cloth near Khanewal toll plaza here on the other day. As per details, Haji Sadiq Achakzai was...
View ArticleMultan customs registers 129 cases in FY 2013-14
MULTAN: Multan Customs Intelligence and Investigation (I&I) has registered 129 seizure and revenue cases from July 2013 to July 2014. As per details, Customs I&I has registered five cases of...
View ArticleChief Collector Nazim Saleem to hold meetings at Quetta today
KARACHI: Chief Collector Enforcement-South Muhammad Nazim Saleem left for Quetta for holding meetings with officers of Quetta Collectorate. As per details, the Chief Collector Enforcement-South will...
View ArticleIOCO starts listing genuine importers
KARACHI: The Input-Output Co-efficient Organization (IOCO) of Federal Board of Revenue (FBR) has started to compile the list of genuine importers, who has been granted concessionary regime by Pakistan...
View ArticleFBR acting Chairman to visit Karachi Customs House next week
KARACHI: The Federal Board of Revenue acting Chairman Shahid Hussain Asad is likely to visit Karachi Customs House next week. The FBR sources confirmed Customs Today that the acting chairman Shahid...
View ArticleFBR exceeds revenue target by Rs 1 billion in July
ISLAMABAD: The committed work of field formation officers under new acting Chairman helped the Federal Board of Revenue (FBR) in exceeding the revenue collection target in July 2014 by one billion...
View ArticleFBR to tighten the noose around Swiss depositors
ISLAMABAD: Federal Board of Revenue has decided to tighten the noose around Pakistanis having black money in Swiss banks and to retrieve money back into Pakistan. The FBR acting Chairman Shahid Hussain...
View ArticleChinese delegation visits LCCI President
LAHORE: A two member Chinese delegation led by Vice Chairman Sub Council of Chinese Chemical Industry Ma Chunyan called on LCCI President Engineer Sohail Lashari and briefed him about CAC Pakistan...
View ArticleImran’s civil disobedience call: KSE drops 65 points
KARACHI: Karachi Stock Exchange 100-index went sliding down by 65.60 points (-0.23 per cent) to stand at 28852.15 points after the call of civil disobedience from Pakistan Tehreek-e-Insaf Chairman...
View ArticleLahore roads blockade causes Rs60m loss to traders
LAHORE: Importers and exporters have suffered losses of millions of rupees as government confiscated containers full of different perishable goods to block the roads across the country. The Lahore...
View ArticlePotential taxpayers served show-cause notices in Lahore
LAHORE: The Lahore Broadening of Tax Base (LBTB) has issued 1,500 show-cause notices to the potential taxpayers and enterprises Under Section 122C of the Income Tax Ordinance 2001. The notices have...
View ArticleANF seizes tons of contrabands in Khyber Pakhtunkhwa
ISLAMABAD: The Regional Directorate Anti-narcotics Force (ANF) Khyber Pakhtunkhwa recovered smuggled drugs worth billions of rupees in August, which were several times more than the quantity of drugs...
View ArticleFBR Chairman Bajwa chairs board-in-council meeting today
ISLAMABAD: The Federal Board of Revenue (FBR) has changed the time for board-in-council meeting to 2:30pm which was scheduled at 11am on Wednesday. As per details, FBR Chairman Tariq Bajwa will preside...
View ArticleIndia to frame law to protect Pakistani investors
ISLAMABAD: The Ministry of Commerce, in a report, sent to the government stated that the Indian Parliament is planning legislation to provide financial and non-financial protection to those Pakistani...
View ArticlePRA seeks audited copy of accounts from taxpayers
LAHORE: The Punjab Revenue Authority (PRA) has asked the registered persons and businesses in corporate sector to submit a copy of annual audited accounts along with tax payments’ propriety certificate...
View ArticleBajwa directs tax officers to recover Rs 70 billion from SM Foods
MULTAN: The Federal Board of Revenue Chairman Tariq Bajwa has directed the subordinates to present the comprehensive report on Rs 70 billion tax evasion by a famous businessman of Multan City. As per...
View ArticleFBR to devolve powers to act against ‘black sheep’
ISLAMABAD: The Board in Council of the Federal Board of Revenue (FBR), on suggestion of Member Customs Nisar Muhammad Khan, has decided to give authority of institutional punitive measures to field...
View Article
