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Author Archives: M Hayat

FBR holds e-khuli kachehri of traders in Lahore

LAHORE: Continuing with the government’s initiative to rebuild trust in public institutions, the second e-khuli kachehri was held on 13-08-2020. Business community across the city was engaged for unearthing hidden issues, seeking constructive suggestions and resolving long standing problems. Leaders of Anjuman e Tajran from Jallo More, Dharampura, Ravi Road, Shahdara, Azam Cloth Market, Johar Town, Ichra etc. actively participated ... Read More »

Customs, IR inquiry officers asked to conclude hearing of cases in 90 days

LAHORE: Customs and Inland Revenue (IR) inquiry officers has been asked to actively inquire into and apply an independent mind to arrive at a conclusion and not rely only on the ability of the DR to prove or disprove the charges leveled against any employee under the Government Servants Efficiency & Disciplinary (E&D) Rules, 1973 It is directed that all ... Read More »

Customs puts in place preventive mechanism to control under-invoicing, over invoicing

LAHORE: Pakistan Customs has put in place proactive / preventive mechanism to effectively control under-invoicing / over invoicing and mis-declaration (at the import stage) keeping in view the fact that these phenomena not only cause revenue hemorrhage and loss to domestic industries but the same are instrumental source of trade-based money laundering and terrorism financing. Such malpractices are now treated ... Read More »

LCCI takes special measures to enhance halal food exports: Ali Hussam Asghar

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has taken a number of measures to enhance halal food exports as for the first time halal food standing committee has been set up and stakeholders were invited for the input. The views were expressed by Lahore Chamber of Commerce and Industry (LCCI) Senior Vice President Ali Hussam Asghar while talking ... Read More »

Customs ASO impounds over Rs 329m smuggled goods, vehicles

  LAHORE: Collectorate of Customs Anti-Smuggling Organization (ASO) has seized over Rs329 million smuggled and contraband goods and vehicles in the month July Financial Year 2020-19. Talking with Customs Today said that more than Rs 150 million’s smuggled vehicles were seized that included BMWs, Mercedes and Toyota Land Cruisers during the month of July.  “Total value of the goods seized ... Read More »

Pakistan Customs clears another 118 stranded Indian nationals

LAHORE: Pakistan Customs team deputed at Wagha border have cleared another 118 Indian nationals stranded in Pakistan due to Covid 19 pandemic via Wagha Border by foot on Monday, official sources said. Customs officials including Additional Collector Salman Javed, Superintendent Shahid Joia, Inspector Sohail Murtiza and Principal Appraiser Muhammad Shabbir were present on the occasion. The customs authorities took necessary ... Read More »

CEPC Authority chief, FIEDMC chairman discuss Allama Iqbal Industrial City uplift works

LAHORE: China Pakistan Economic Corridor (CEPC) Authority Chairman Lt. Gen. ® Asim Bajwa has met Faisalabad Industrial Estate Development and Management Company (FIEDMC) Chairman Mian Kashif Ashfaq and discussed in length the development works at Economic Zone Allama Iqbal Industrial City. Allama Iqbal Industrial City project’s master plan is underway and the project will be completed by October 2020. The ... Read More »

FBR circulates seniority list of PCS officers of 43rd & 44th CTP

LAHORE: Federal Board of Revenue (FBR) has prepared final list of inter seniority customs officers of 43rd and 44th CTP. As per details,  provisional inter seniority list of Pakistan Customs Service (PCS) officers belonging to 43rd and 44th has been prepared/determined in accordance with the Occupational Groups and Services (Probation, Training and Seniority), Rules, 1990 as amended from time to ... Read More »

FBR should take notice of 12,000 taxpayers grievances

LAHORE: Federal Board of Revenue (FBR) should take notice of the grievances of 12,000 taxpayers who had deposited Rs2.6 billion tax under the Tax Amnesty Scheme but failed to upload their asset declaration due to problems in the FBR online system. This was stated by the Lahore Chamber of Commerce & Industry (LCCI) President Irfan Iqbal Sheikh, Senior Vice President ... Read More »

Wagha Customs to make clearance of another 118 stranded Indians on August 10

LAHORE: Customs team deputed at Wagha border will make clearance of another 118 Indian national stranded in Pakistan due to Covid 19 pandemic via Wagha border on August 10, official sources said. As per details, fresh list of 118 stranded Indians in Pakistan (led by Ms. Gulzar Begum. Passport No. L3265475) 2 will clear to go back to India through ... Read More »

24/7 opening of business must to boom economy: LCCI

LAHORE: The Lahore Chamber of Commerce & Industry has welcomed the Punjab government’s decision to allow all industries, factories and businesses related to the construction sector to operate 24 hours, 7 days a week with the Standard Operating Procedures.  The LCCI President Irfan Iqbal Sheikh, Senior Vice President Ali Hussam Asghar and Vice President Mian Zahid Jawaid Ahmad said that ... Read More »

Customs Collectorates, Directorates told to upload Auction Schedule on FBR website

LAHORE: Federal Board of Revenue FBR has ordered all Customs Collectorates and Directorates of Intelligence and Investigation (I&I) to upload auction schedule on the FBR website. A letter issued by the Federal Board of Revenue to all chief collectors stated that while uploading of auction schedule on FBR website following guidelines must be adhered to. The letter requesting uploading of ... Read More »

Customs AIIA transfers four inspectors to different locations

LAHORE: Collectoarte of Customs Allama Iqbal International Airport (AIIA) deputy collector Tuesday ordered transfers and postings of four inspectors at the Air Freight Unit with immediate effect. As per details Inspector Nasir Mehmood has been transferred from Air Freight Unit (HQ) to General Post Office (GPO), Inspector Talat Mehmood is transferred from ICG Gate Royal & PIA to GPO, Inspector ... Read More »

Customs, IR Directorates, LTUs asked to maintain lists of civil servants

LAHORE: Customs Collectorate, Directorate Generals of Inland Revenue/ Customs, LTUs have been asked to maintain lists of civil servants who have completed requisite length of service. As per details,  in terms of Rule 6 of the subject rules, each RTOs / LTUs Customs Collectorates/ Directorate Generals of Inland Revenue/ Customs shall maintain a list of civil servants who have completed ... Read More »

FTO orders FBR to allow 12000 filers to file returns under Assets Declaration Amnesty Scheme 2019

LAHORE: Federal Tax Ombudsman (FTO) has instructed Federal Board of Revenue to allow 12000 filers to file their returns under Assets Declaration Amnesty Scheme 2019. The 12000 filers could not file their returns due to the failure of FBR system in July 2019. Pakistan Tax Bar Association (PTBA) has commended Federal Tax Ombudsman for the ‘landmark’ verdict whereby Federal Board ... Read More »

Pakistan Customs impounds nine vehicles imported by foreign diplomats

LAHORE: Pakistan Customs impounded nine very expensive vehicles that were imported by foreign diplomats — including an ambassador — but were in the use of private persons during the last three weeks, sources stated. Mercedes Benz, Lexus LX570, BMW X7 series, Land Cruiser ZX, Nissan X Trail, Toyota Crown and others were imported duty-free by availing diplomatic exemptions and handed ... Read More »

Pakistani exports unable to compete with China, Bangladesh & India: Mian Anjum Nisar

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar has said that Pakistani exports cannot compete with China, Bangladesh and India where power tariffs were 7-9 cents, particularly in the post-corona economic slowdown as the country’s exports have been witnessing a major setback in present days due to high cost of electricity, which has become ... Read More »

Pakistan exports unable compete with China, Bangladesh & India: Mian Anjum Nisar

LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Mian Anjum Nisar has said that Pakistani exports cannot compete with China, Bangladesh and India where power tariffs were 7-9 cents, particularly in the post-corona economic slowdown as the country’s exports have been witnessing a major setback in present days due to high cost of electricity, which has become ... Read More »

Customs AIIA official posted on night security duty

LAHORE: Allama Iqbal International Airport Customs has ordered postings of inspectors and spoyes for night security duty of Cargo Complex Building. As per details, Deputy Collector Customs Asma Bashir ordered night duty for inspector Rauf Ahmad Khan, spoyes Muhammad Hayat and Muhammad Ashraf presently posted at export, temporary import Airport traffic. Inspector Raza Ali Sial, spoyes Abdul Waheed and Munir Ahmad ... Read More »

Govt asked to reduce customs duty, income tax on local gas

LAHORE: The government should bring down income tax on local gas from 4pc to 2pc; reduce general sales tax from 17pc to 10pc; decrease customs duty on CNG kits & cylinders, and abolish 5pc duty on RLNG import. The All Pakistan Compressed Natural Gas Association (APCNGA) has urged the government to rescue the CNG sector, which is currently faced with ... Read More »