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Home / Author Archives: M Hayat (page 30)

Author Archives: M Hayat

PIAF-Founders Alliance vows to raise voice for solution of problems being faced by traders

LAHORE: The PIAF-Founders Alliance (PFA) leaders have pledged to continue to raise voice for the solution of the problems being faced by the business community. The participation of large number of market representatives in a recent function during current week was enough proof to make the point that the business community wanted continuity in the policies introduced by the Alliance. ... Read More »

Customs ASO seizes illegally imported dry skimmed milk & zeera worth Rs30m

LAHORE: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) seized illegally imported dry skimmed milk and zeera worth Rs30 million. Sources told Customs Today that Collector Customs Preventive Ahmad Rauf received credible information about storage of non-duty paid goods in a godown located in Badami Bagh. He constituted an anti-smuggling squad which raided M/s Ghafar Goods Service godown in Badami Bagh ... Read More »

FBR Lahore issues recovery notices to tax evading companies

LAHORE: Federal Board of Revenue (FBR) has issued recovery notices to the tax evading companies. Sources told Customs Today that the FBR issued notice of recovery to the companies including M/s Azhar Energy Service Private Limited and M/s NC Power Company. FBR imposed tax on the companies after conducting their audit. FBR sources said that M/s Azhar Energy Services Private ... Read More »

FBR creates regulatory authority, devolves powers to additional collector

LAHORE: Federal Board of Revenue (FBR) created a Regulatory Authority and the powers have been devolved to additional collector for granting, re-validating or amending EOU licenses. In the new scheme, if there are any problems, the businessmen can approach Chief Collector of Customs for redressal of their grievances. In order to alleviate the burden of getting the analysis card issued from ... Read More »

Stablizing economy govt’s top priority: Reza Baqir

LAHORE: State Bank of Pakistan (SBP) Governor Reza Baqir today (September 7) said that stabilizing the economy of the country is their top priority and private sectors must act in accordance with the rules and regulations for it. While visiting the FPCCI Regional Office in Lahore, he expressed that it was SBP’s priority to keep up with other banks, without ... Read More »

FBR joint team visits Packages Mall & 18 other Lahore outlets

LAHORE: Federal Board of Revenue (FBR) joint team Tuesday visited Packages Mall and 18 other retail outlets. Chairman Federal Board of Revenue Shabbar Raza Zaidi has cautioned the trade community against dealing in non-tax paid locally produced and smuggled goods as Pakistan economy in general and industrial activities in particularly are being seriously affected due to availability of such good ... Read More »

Customs ASO impounds smuggled tyres worth Rs10m from Okara

LAHORE: Collectorate of Customs Preventive Anti Smuggling (ASO) has impounded Rs 10 million 199 tyres of buses and trucks from a godown in Okara, official sources told Customs Today. Sources told that on the information of Collector Preventive Ahmad Rauf, Superintendent Malik Javaid Iqbal constituted a team consisting inspectors and spoyes. The team raided and successfully seized the godown of ... Read More »

FBR assures GST will not be levied on smaller, jewelers

LAHORE: Federal Bureau of Revenue (FBR) has assured that General Sales Tax (GST) will not be levied on jewellers having a shop smaller than 100 square feet and a notification in this regard will be issued during next week. Assurance was extended by the FBR Senior Chief Sales Tax Javed Memon to a 20-member delegation of the Punjab Sarafa Gems ... Read More »

Solidarity Hour with Kashmir held at Customs House

LAHORE: Collectorate of Customs Preventive Collector Ahmad Rauf has said that Kashmir is life line of Pakistan and the issue should be resolved according to the UN resolutions. He expressed these views while talking to Customs Today on the occasion of a Solidarity with Kashmir program held at the Customs House here the other day. The Customs House observed Kashmir ... Read More »

Illegal demurrage, detention charges add to per unit cost: LCCI VP Faheemur Rehman Saigol

LAHORE: The illegal demurrage and detention charges by the shipping lines have added to the per unit cost as they have no set criterion and worst is that the Customs Department and the government are not interested in regulating the shipping lines. This was stated by Lahore Chamber of Commerce and Industry (LCCI) Vice-President Faheem-ur-Rehman Saigal while talking to Customs ... Read More »

FBR has powers to seek import documents for imported goods: Zahid Khokhar

LAHORE: Under the provisions of the Customs Act, 1969, FBR has full powers to seek import documents for the imported goods available for sale to consumers from the person dealing in such goods. These views were expressed by Director General Customs Intelligence & Investigation Muhammad Zahid Khokhar. He said this exercise does not represent ‘raid’ on the premises or any ... Read More »

APTMA elects new body

LAHORE: The APTMA election commission declared Adil Bashir as chairman, Abdul Rahim Nasir as senior vice chairman, Aamir Sh as vice chairman and Kamran Arshad as treasurer and nine members for the Regional Managing Committee of Punjab region. Chairman Election Commission conducted scrutiny of the nomination papers of the contesting candidates for the members of the executive committee 2019-20. Those ... Read More »

Govt must safeguard existing taxpayers rights through legislation: Kashif Anwar

LAHORE: The Friends of Economic and Business Reforms (FEBR) President Kashif Anwar has said that the government must ensure due respect for existing taxpayers and safeguard their rights through legislation against the misuse of discretionary powers by the FBR. During an exclusive interview with Customs Today, he urged the government to formulate a special scheme for retailers to bring them ... Read More »

Customs Preventive transfers 8 superintendents, 1 principal appraiser

LAHORE: Collectorate of Customs Preventive Deputy Collector Headquarters Muhammad Hassan Farid has issued order for transfers and posting of eight superintendents and one principal appraiser with immediate effect and until further orders: According to office order Superintendent Riasat Ali Javed who is currently is transferred to Airport (Traffic) branch, Superintendent Sadaqtam Nazar Ali, Superintendent Mirza Iqbal Hussain and Superintendent Naveed ... Read More »

FBR RTO-II tightens the noose around sales, income tax evaders

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-II issued notices to 2100 unregistered industrial and commercial connections users of LESCO and SNGPL for compulsory sales tax registration while 8212 motor vehicles data of 2400cc and above has been obtained out of which 4066 owners have been shortlisted for further scrutiny, including non-filers. As per details, Lahore Regional Tax ... Read More »

FBR specialized units ensuring fast processing of disputed cases

LAHORE: Federal Board of Revenue (FBR) specialized units have been created within Regional Tax Offices (RTOs) for fast track processing of these cases. As a result of which 2,989 returns have been enforced during the last one year. Demand created is Rs4915 million and the tax recovered is Rs1,648 million. Rs189 million have been paid by the taxpayers who availed ... Read More »

Sadia Munib assumes additional charge as Director Customs Intelligence & Investigation

LAHORE: Customs Service Officer Sadia Munib has assumed charge of Customs Investigation and Intelligence Lahore charge as director. Sadia Munib has assumed additional charge of the directorate of Customs Intelligence and Investigation as director for the directorate Rubab Sikandar has to leave charge for training purposes. Additional Director Customs Intelligence and Investigation Sadia Munib will look after all matters and ... Read More »

FBR RTO-II summons 2100 LESCO, SNGPL industrial, commercial users

LAHORE: The Federal Board of Revenue (FBR) Regional Tax Office-II Wednesday issued notices to 2100 unregistered industrial and commercial connections users of LESCO and SNGPL for compulsory sales tax registration, while data of 8212 motor vehicles of 2400cc and above has been obtained out of which 4066 owners have been shortlisted for further scrutiny including non-filers. As per details, Lahore ... Read More »

FBR decision to inspect proper import documents lauded

LAHORE: Pakistan FMCG Importers Association (PFIA) has welcomed the Federal Board of Revenue (FBR) decision to inspect the proper import documents of foreign items present in the market to curb the smuggling with an iron hand. PFIA leadership said that it was raising voice time and again to take solid steps to check the smuggling as it was not only ... Read More »

FBR’s BTB zone issues notices to 3,950 non-filers

LAHORE: Federal Board of Revenue’s Broadening of Tax Base (BTD) zone issued notices to 3,950 non-filers who purchased precious lands, drew heavy amounts from banks, received insurance claims and owned vehicles above 1,000cc. According to sources in the FBR, the government had extended the tax deadline date several times in order to facilitate the non-filers, but most of the people ... Read More »