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Home / Author Archives: M Hayat (page 5)

Author Archives: M Hayat

Extension in fixed tax regime, non-disclosure of source to attract more investment in construction sector

LAHORE: Business community while hailing extension in construction sector amnesty plan said it will not only boost the confidence of investors but also further stimulate economic activities in the country. Founder Chairman Pak-US Business Council and Chairman United Business Group (UBG) veteran trade leader Iftikhar Ali Malik said its new year gift of Prime Minister Imran Khan to the nation ... Read More »

FTO directs to auction non-cleared stranded vehicles at Karachi Port

LAHORE: Federal Tax Ombudsman (FTO) has directed Federal Board of Revenue (FBR) to expedite the auction of a substantial number of non-cleared stranded vehicles at Karachi Port, which were imported in violation of SRO issued by the Ministry of Commerce. The subject vehicles were imported under Personal Baggage, Transfer of Residence, or under Gift Schemes. Federal Tax Ombudsman’s own motion ... Read More »

FBR collects customs duty of Rs264 billion

LAHORE: The Federal Board of Revenue (FBR) has collected customs duty of Rs264 billion, sales tax Rs743 billion and federal excise duty (FED) of Rs104 billion respectively. According to the details, the Federal Board of Revenue (FBR) has collected Rs1.688 trillion net revenue in the current Fiscal Year from July to November against the assigned target of Rs1.669 trillion, whereas ... Read More »

Lahore Customs to hold narcotics destruction ceremony on Jan 26

LAHORE: The destruction of confiscated narcotics, liquor, hazardous goods, medical/surgical equipments/instruments, expired chemicals and pharmaceutical raw material, promotional and printed material as well as other expired consignments etc. shall be held on 26.1.2020 at Land Freight Station, Wagha Lahore. Collector Azmat Tahira has already constituted a team consisting Ch. Muhammad Saeed, Superintendent, Zulfiqar Ali, Inspector (auction & destruction branch), Irtaza ... Read More »

Pakistan has strong Basmati GI tag case against India: Faisal Jahangir Malik

LAHORE: Rice Exporters Association of Pakistan (REAP) has filed Pakistan’s opposition application against the Basmati Geographical Indicators (GI) tag claim application of India in the European Union (EU) and will be winner by the grace of God as it has a strong case. This was stated by REAP Senior Vice Chairman Faisal Jahangir Malik while exclusively talking to Customs Today ... Read More »

Collector Azmat Tahira forms committee to propose goods liable for destruction on World Customs Day

LAHORE: Collectorate of Customs Allama Iqbal International Airport (AIIA) Collector Azmat Tahira has issued office order to constitute departmental committee to certify and propose the goods liable for destruction on upcoming World Customs Day to be held on January 26, 2021. Shafaat Ali Mirza, Assistant Collector (auction & destruction) will supervise compiling data of goods liable to destruction. Syed Sidra ... Read More »

FBR urged to stop harassing traders & industrialists

LAHORE: The Federal Board of Revenue (FBR) must stop immediately registering cases against businessmen who are spending all their energies to put the economy back on track. Lahore Chamber of Commerce and Industry (LCCI) President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry were talking to a group of industrialists and traders here ... Read More »

FBR removes RD on cotton import

LAHORE: In compliance with the government’s decision, the Federal Board of Revenue (FBR) has withdrawn five per cent regulatory duty on the import of cotton yarn. The FBR issued SRO 1352(I)/2020 on Wednesday to amend SRO 680(I)/2019 dated June 28, 2019, to withdraw the regulatory duty on import of cotton yarn till June 30, 2021. The Economic Coordination Committee (ECC) ... Read More »

FBR chairman urged to extend date of filing returns up to Jan 31, 2021

LAHORE: Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the date of filing returns up to 31” January 2021 without penalty in all the cases of individual/ AOP as well as in the cases of companies. PTBA President Aftab Hussain Nagra, General Secretary Ferhan Shehazad and SVP Qari Habibur Rehman in a joint ... Read More »

Govt urged to stop FBR from harassing taxpayers 

LAHORE: Chairman All Pakistan Textile Mills Association (APTMA) Adil Bashir has urged the government to stop FBR from harassment of taxpayers and withdraw all FIRs lodged against genuine manufacturers and exporters. Addressing a press conference along with Abdul Rahim Nasir, Chairman Punjab and Kamran Arshad, Vice Chairman Punjab at the APTMA House, he said in case any agency of FBR ... Read More »

Decline in trade of smuggle-prone items outcome of strict enforcement: Member Customs Tariq Huda

LAHORE: Federal Board of Revenue (FBR) Member Customs Operations Tariq Huda has said that the decline in transit trade of smuggle-prone items is the outcome of strict enforcement and border management in coordination with law enforcement agencies. “We struggled on the border as well as in other areas which led to a decline in smuggling”, he said this while talking ... Read More »

Customs AIIA foils bid to smuggle heroin

LAHORE: Collectorate of Customs team deputed at Allama Iqbal International Airport (AIIA) with the assistance of Airport Security Force (ASF) foiled a drug smuggling bid. Sources told Customs Today, that Collector Azmat Tahira directed customs teams to adopt zero tolerance policy against smuggling of narcotics. The customs team started checking of passengers who were being departed for Qatar. Sources told ... Read More »

Collector AIIA Azmat Tahira transfers 5 superintendents

LAHORE: Collectorate of Customs Allama Iqbal International Airport (AIIA) Azmat Tahira has issued order for transfer and posting of following superintendents with immediate effect and until further orders:- Malik Javaid Iqbal, Superintendent is transferred from Royal/PIA examination and recovery to recovery cell. Javed Iqbal Mian, Superintendent is transferred from PMDU, ACCU, SAPS & Gerry examination, export and I&P to PMDU, ... Read More »

Public can complain against customs, Inland Revenue officials involved in corruption

LAHORE; Now members of the public can complain against tax officials including customs and Inland Revenue involved in corruption and maladministration. In this regard, the FBR website icon now reads: “For Immediate Redressal of Complaints, Press Button”. Members of the public can now use this option to file complaints for the first time in the nation’s history without having to ... Read More »

Customs I&P lodges another FIR as Rs 68.8m petroleum jelly stolen from godown sealed by ASO

LAHORE: Another Rs68.8 million petroleum jelly is reported to have been stolen from a godown sealed by the Customs Anti-Smuggling Organization (ASO) Collectorate of Customs Enforcement and Compliance Lahore, an FIR lodged by Investigation and Prosecution (I&P) early this month disclosed Monday. As per details, the godown was sealed by the Customs ASO during the month of October this year ... Read More »

PM attention for primary food industry survival sought

LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) has invited Prime Minister attention towards the Primary Food Industry as Corona (COVID-19) specially its second wave, apart from health concerns, has adversely affected the already struggling industry, leading to its potential lockdown. In a letter to Prime Minister Imran Khan, the LCCI President Mian Tariq Misbah said that Post-covid economic ... Read More »

Pakistan FMCG Importers Association condoles death of Siraj Qasim Teli

LAHORE: Pakistan FMCG Importers Association (PFIA) has expressed its heartfelt sorrow and grief over the sudden demise of Siraj Qasim Teli, a leading name of the business community. In a condolence message, Vice Chairman PFIA and Convener LCCI Standing Committee for FMCG Sector Muhammad Ejaz Tanveer said that Siraj Qasim Teli had become a strong voice of business community in ... Read More »

Smugglers slip away with huge quantity of non-duty paid millions of rupees tyres

LAHORE: Smugglers slipped with huge quantity of non-duty paid millions of rupees tyres of assorted types, an FIR lodged against the smugglers at Ravi Road Police Station disclosed. As per details, Anti-Smuggling Organization (ASO) of Collectorate Customs Enforcement and Compliance received a secret information that a huge quantity of smuggled tyres was being unloaded at a goods’ ada located at ... Read More »

Customs AIIA foils bid to smuggle expensive shawls

LAHORE: Customs team deputed at Allama Iqbal International Airport (AIIA) foiled a bid to smuggle expensive shawls by a woman, sources reported. According to details, the customs officials recovered 240 expensive shawls from the baggage of a woman during the checking process. Deputy Collector of Customs Saqib Warraich said that a woman who travelled from a private airline flight from ... Read More »

Rs10m non duty paid bitumen rolls stolen from customs-sealed godown at Mominpura

LAHORE: A Rs 10 million non-customs paid Iranian originated 2151 bitumen rolls have been stolen from a customs-sealed godown located at Mominpura Road, Slamat Pura, Daroghe Wala, an FIR lodged by Collectorate of Customs Enforcement and Compliance Investigation and Prosecution Cell, indicated. The FIR registered on 14/11/2020, said that during a routine check-up of the customs authorities, the godown which ... Read More »