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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

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 »

SMEDA increases R&D activities to promote SME development

LAHORE: The Small and Medium Enterprises Development Authority (SMEDA) has increased its Research and Development (R&D) activities aimed at planning the development of Small and Medium Enterprises (SME) in the country at par with global best practices. For this purpose a “Knowledge Sharing Programme” has been initiated within the organisation, under which SMEDA SME experts have been assigned to study ... Read More »

NAB tells court it arrested Sharif Group’s CFO on ‘solid evidence’

LAHORE: The National Accountability Bureau (NAB) has said it arrested Mohammad Usman, the Chief Financial Officer of the Sharif Group of Companies, over alleged evidence and in light of witnesses’ statements relating to money laundering activities. The remarks were made by NAB Prosecutor Waris Ali Janjua during the hearing of a plea on Monday filed by Usman. The NAB prosecutor ... Read More »

Punjab lifts Eid-ul-Adha smart lockdown

LAHORE: The government of Punjab on Sunday announced it was lifting the “smart lockdown” imposed in certain cities in the province from Monday, August 3. According to a notification issued by the Primary and Secondary Healthcare Department, “All educational and training institutes, marriage halls, business centres, expo halls, restaurants (except takeaway and home delivery), theme/amusement parks, public parks, play areas ... Read More »

Excise dept collects Rs1.5b tax during July

LAHORE: The Excise and Taxation department has achieved another milestone in revenue collection and set a new record after collecting over Rs1.5 billion tax during the month of July and deposited the amount to the national exchequer. “It was a biggest achievement of the department as the target was achieved at what times when people were feared to step out ... 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 »

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 »

Collector AIIA Azmat Tahira distributes work among two ADCs

LAHORE: Allama Iqbal International Airport Collector of Customs Azmat Tahira has distributed work among additional collectors. As per details, Additional Collector Muhammad Nayyar Shafiq will look after all matter including headquarters, import assessment group II & III, law, recovery, bank guarantee. refund and rebate, FTO, I&P, baggage and traffic. On the other, Additional Collector Muhammad Raza will export and import ... Read More »

Customs ASO recovers huge quantity of illegally imported goods & vehicles

LAHORE: Collectorate of Customs Preventive Anti-Smuggling Organization (ASO) has recovered millions of rupees illegally imported tyres, cigarettes, dry milk, welding rods, betel nuts, cloths, China salt, ceramics tiles, sisha flavor, cars, and Land Cruisers in different raids in the city. Sources told Customs Today that on the directions of Collector Customs Preventive Basit Maqsood Abbasi, the ASO team initiated crackdowns ... Read More »

Collector AIIA Azmat Tahira distributes work among deputy collectors

LAHORE: Collectorate of Customs  Allama Iqbal International Airport (AIIA) Collector Azmat Tahir has distributed assignments among deputy collectors at the Collectorate as one of the assistant collector is on leave. As per details, deputy collector Asma Bashir has been assigned duties relating to ICG assessment PMDU, deputy collector Zainab Mehmood given Bank Guarantee Refund and rebate ACCU while deputy collector ... Read More »

Customs E&C reshuffles 27 superintendents, inspectors & appraisers

LAHORE: Collectorate of Customs Enforcement and Compliance Lahore has undertaken large scale reshuffling of superintendents, appraisers and inspectors. As per details, over 27 officials have been displaced. The officials who were reshuffled included Mehmood Saeed, Faizur Rehman, Zafarullah Khan Niazi, Serfraz Ahmad, Naveed Iqbal Cheema, Ashfaq Hamdani, Shozeb Raza, Ghazanfar Abass Khan, Masood Kamal Siddiqui, Shahid Khan, Asghar Purewal, Asad ... Read More »

Gold price up by Rs2300 to Rs117,300 per tola

LAHORE: The price of 24 karat gold increased by Rs2300 on Wednesday and was traded at Rs117,300 as against its trading at Rs115,000 the previous day, Sarafa Association reported. Likewise, the price of 10 gram gold also witnessed decrease of Rs1,972 and was trade at Rs100,566 against its sale at Rs98,594. The price of per tola silver remained stable at ... Read More »

Punjab govt decides to establish largest SEZ in Muzaffargarh-Layyah Road Chaubara

LAHORE: Government of Punjab has decided to establish largest Special Economic Zone (SEZ) in Muzaffargarh-Layyah Road Chaubara. According to details, Ministry of Industry and Commerce has formulated a plan of action for the establishment of the zone on 20,000 acres which will be expandable to 50,000 acres. A labor colony will also be build the SEZ and laborers returning from ... Read More »

Customs E&C transfers 10 inspectors from Lahore to Multan

LAHORE: Customs Collectorate of Enforcement and Compliance Lahore has transferred 10 inspectors from Lahore Collectorate to Multan. As per the details the inspectors have been asked to report to their collectorate in Multan immediately. The inspectors who were transferred and posted included Maqsood Ahmad, Muhammad Abdullah, Ghulam Abbas, Muhammad Ashraf, Azhar Abbas, Maqbool Ahmad, Bashir Hussain Shah, Syed Mujtuba Hassan ... Read More »

Customs Lahore & Faisalabad officials posted at Kartarpur Corridor transferred

LAHORE: Customs Lahore and Faisalabad officials who were transferred to meet the manpower shortfall at Kartarpur Corridor have been allowed transferred to their parent collectorate after a long time since 2019. It was directed that  to the subject noted above and to say that various officers/ officials (BS-16 and below) of MCC (A & FV (E & C), Lahore and ... Read More »

Collector Mohsin Rafiq transfers 5 principal appraisers

LAHORE: Collectorate of Customs Appraisement and Facilitation Mughalpura Dryport, Collector Mohsin Rafiq has issued orders for posting and transfer of following principal appraisers with immediate effect and until further orders:- Principal Appraiser Saifuddin Seeher is transferred from assessment group-I & III, LDP to assessment group-II, LDP. Principal Appraiser Moazzam Ali Virk is transferred from assessment group-II & IV, LDP to ... Read More »

Coronavirus costing PIA Rs15m per hour: report

LAHORE: The coronavirus outbreak has put Pakistan International Airlines (PIA) into financial trouble, causing a loss in revenue by Rs11 billion per month from April 2020 to June 2020. According to official documents, the national airline suffered a revenue loss of Rs33bn from April to June. These losses can be attributed to the lack of Hajj and Umrah operations and ... Read More »