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Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

LHC seeks report from FBR on cryptocurrency’s legal status in Pakistan

LAHORE: The Lahore High Court (LHC) has sought report from the Federal Board of Revenue (FBR) regarding the legal status of cryptocurrency in Pakistan. A single bench comprising Justice Jawad Hassan here is the case. The court while allowing economic expert Faisal Qureshi to assist the court in the case, sought a report from the Federal Board of Revenue regarding ... Read More »

FBR overburdens LTOs by clubbing medium & large manufacturers together

LAHORE: The Federal Board of Revenue (FBR) has overburdened Large Taxpayer Offices (LTOs) by combining medium size manufacturers with the larger ones to streamline their revenues, said reliable sources. “The present regime has made a policy-shift and added some 30 to 40 medium size manufacturers and sub-sectors to the LTOs from Regional Tax Offices (RTOs) countrywide to harmonize their collections ... Read More »

Existing customs laboratory upgraded

LAHORE: The Federal Board of Revenue (FBR) has said that the existing Customs lab at Karachi had been upgraded. The FBR disseminate the information in response to Federal Tax Ombudsman notice the other day . The FTO has directed the tax authorities to expedite setting up customs laboratories at collectorates. In its recommendations, the FTO office directed the Federal Board ... Read More »

Smugglers using small vehicles for transporting smuggled goods

LAHORE: Smugglers are using small vehicles for transporting smuggled goods to the markets across Lahore, a credible source said. It may be noted that both the Enforcement and Directorate of Intelligence & Investigation, Lahore, had jointly seized 10 containers of smuggled items worth Rs400 million a month back. The detained trucks belonged to New Baluchistan goods. Sources said the value ... Read More »

FTO bars Customs mobile squads from checking cleared fruits

LAHORE: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) that the vehicles carrying imported fresh/dry fruits cleared from Customs stations of the Khyber Pakhtunkhwa and Balochistan shall not be checked at any Customs check posts or Customs mobile squads. The Federal Tax Ombudsman (FTO) Dr Asif Mahmood Jah has directed the Federal Board of Revenue ... Read More »

FBR to take stern action against customs officials for using political influence

LAHORE: Federal Board of Revenue (FBR) has warned the officials and officers of directory retirement in case they are found involved in exerting political pressure in service matters. The FBR through an official memorandum warned all the officials of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) of directory retirement for exerting political or external pressure in service matters. ... Read More »

FBR serves notice to filmstar Arbaz Khan

LAHORE:  Renowned Pakistani film star Arbaz Khan was served by a Federal Board of Revenue (FBR) notice. FBR had sent a notice to Arbaz Khan in order to give details of his income tax returns during 2020-21. Moreover, the notice was sent to his residence at Gullberg-5 Aziz Avenue Society. According to the details shared by sources, Deputy Commission (DC) ... Read More »

90pc complaints by  business community go in their favor: FTO Dr. Asif Mehmood Jah

LAHORE: Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has said that 90 percent of the complaints by the business community go in their favor on the average. He said the complainants have the option of appeal to FTO or of even filing a representation with the constitutional office of the President of the Islamic Republic of Pakistan. Dr. Asif ... Read More »

Pakistan Customs will set up new check posts & warehouses in Lahore & Sargodha

LAHORE: Pakistan Customs will set up new check posts and warehouses after an increase in the number of entries to the city. Sources said that three points have been identified by the local authorities at Ferozepur Road and Sharqpur Road. Similarly, they added, a check post and warehouse would also be set up in Sargodha. Sources said the idea of ... Read More »

FBR to auction Nawaz’s properties located in Jati Umrah to collect £8m fine

LAHORE: The Federal Board of Revenue (FBR) started its legal proceedings to auction properties of former prime minister Nawaz Sharif in order to collect an £8m fine imposed by the National Accountability Bureau (NAB) courts in various cases. According to reports, agricultural lands in the name of the PML-N supremo located in Jati Umrah in Lahore would be auctioned on ... Read More »

LHC serves contempt notice to FBR chairman

ISLAMABAD: The Lahore High Court (LHC) issued contempt notices to the Federal Board of Revenue (FBR) over its failure to implement the court’s orders pertaining to the minimum tax computation formula adopted by service sector taxpayers liable to pay minimum tax under Section 153(1)(b) of the Income Tax Ordinance, 2001. The notice was issued by a single bench comprising Justice ... Read More »

Pakistan Customs develops automated facility in WeBOC System 

LAHORE: In the continuation of the ongoing drive for digitization, Pakistan Customs (FBR) has developed an automated facility in WeBOC System to enable the small and medium export enterprises to acquire imported input goods from a Common Export House for subsequent exports under the Export Facilitation Scheme, 2021. Common Export House is a warehouse authorized by the Collector of Customs ... Read More »

Customs Appraisement registers FIR against suspects for replacing high value goods

LAHORE: Collectorate of Customs Appraisement has registered another FIR against suspects for illegally replacing high value goods from a transshipment (TP) container with low value goods. Sources said that Collector Mubashir Baig received credible information regarding replacement of high value goods with low value goods during transit at NLC Dry Port Mughalpura. The container after entering in NLC Dry Port ... Read More »

Customs ASO seizes smuggled goods worth Rs2437.95m

LAHORE: The Anti-Smuggling Organization of Collectorate of Customs Enforcement, Lahore on the directions of Basit Maqsood Abbasi, Collector of Customs Enforcement, Lahore headed by Muteen Alam, Additional Collector, Ms. Sidra Naz, Assistant Collector, and team consisting of Mr. Faiz-ur-Rahman, Superintendent, and Mr. Shahid Bakhtair Bhatti,  Mansoor Elahi,  M Asghar Purewal, M Saleem Khan, Muhammad Saleem Shaid, Hassan Mahmood, Abdul Ghaffar, ... Read More »

Pakistan Customs observes Iqbal Day to commemorate celebrated poet

LAHORE: Pakistan Customs observed 144 birth anniversary of national poet Allama Iqbal with great zeal. A smartly turned out contingent of Pakistan Customs Enforcement, Lahore clad in immaculate uniform paraded to the mausoleum of lqbal with traditional spirit and enthusiasm. A contingent of Pakistan Navy formed up outside the Mazar and took position alongside. The ceremonial guard mounting was followed ... Read More »

FTO directs to expedite setting up customs laboratories

LAHORE: Federal Tax Ombudsman (FTO) has directed the tax authorities to expedite setting up Customs laboratories at collectorates. In its recommendations, the FTO office directed the Federal Board of Revenue (FBR) to expedite the task of setting up of customs laboratories in the remaining customs collectorates and upgradation of existing customs labs as per international best practices. The FBR has ... Read More »

PLL to procure LNG cargo at highest ever price

LAHORE: The Pakistan LNG Limited (PLL) has decided to procure an LNG cargo at the highest ever price of $30.6 per million British thermal units (mmbtu) in a bid to avert the looming gas crisis in the country. According to a local media outlet report, the state-owned company had issued an emergency tender on November 2, seeking bids for spot ... Read More »

Petrol price hike challenged in LHC

LAHORE: Recent hike in petroleum products by the government has been challenged in Lahore High Court (LHC). The plaintiff argues that the hike is illegal as the government increased the prices without approval of the federal capital. The government on late Thursday night had jacked up the price of petrol by Rs 8.03 per litre with immediate effect. According to ... Read More »

Govt urged to reduce customs duty on yarn

LAHORE: The Pakistan Yarn Merchants Association (PYMA) has urged the government to reduce the Customs duty on polyester yarn and abolish anti-dumping duty as per the announcement in Federal Budget 2021/22, a statement said. The government had announced to reduce the Customs duty to 9 per cent on polyester yarn, the main raw material for the textile industry, but after ... Read More »

Mian Nauman Kabir made FTO advisory body member

LAHORE: Federal Tax Ombudsman (FTO) has reconstituted the Advisory Committee (Central) and made President of the Lahore Chamber of Commerce & Industry Mian Nauman Kabir its member. Federal Tax Ombudsman Secretariat has issued a notification in this regard. Mian Nauman Kabir thanked Federal Tax Ombudsman for his inclusion in the Advisory Committee saying that FTO has great significance, particularly for ... Read More »