Sunday , July 25 2021
Breaking News
Home / Latest News (page 2360)

Latest News

News updates
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

Verdict on Ayyan’s petition for passport delayed till November 25

LAHORE: Verdict on Ayyan Ali’s petition for getting her passport has been postponed till November 25 in Currency smuggling case, while Interior Minister has also included Ayan Ali’s name in Exit Control list. Model Ayyan Ali has been clutched with never-ending problems and now Federal Interior Minister has included her name in Exit Control List after her acquittal petition was ... Read More »

Customs Appellate Tribunal’s chairman arrives Lahore

ISLAMABAD: Customs Appellate Tribunal Chairman Ghulam Murtaza Bhatti on Monday arrived in Lahore after hearing cases at Tribunal’s headquarters in Islamabad. According to Customs Appellate Tribunal’s officials, the chairman would stay in Lahore for a week. He would chair division and single benches in Punjab’s capital, they said. The chairman had reached Islamabad early morning on Monday and left in ... Read More »

ANF recovers 83kg high quality hashish

KARACHI: The Anti-Narcotics Force (ANF) Sindh has foiled a bid to smuggle 83 kilograms of hashish in different parts of the province. Sources told Customs Today that after receiving credible information, the ANF team intercepted a Suzuki Cultus car at Hub River road on Sunday evening and arrested one persons and recovered 83 kilograms of high quality of hashish from ... Read More »

IHC hears DHA plea seeking curtailment of FBR’s search for information

ISLAMABAD: Islamabad High Court (IHC) on Monday adjourned hearing of a case filed by Defence Housing Authority (DHA) against Federal Board of Revenue (FBR). Justice Aamer Farooq of IHC heard the case. The petitioner, DHA, had approached the court to halt FBR Tax Evasion Section’s attempts at seeking DHA projects information and sales tax details. DHA had filed the petition ... Read More »

Customs Appellate Tribunal hears 39 cases

ISLAMABAD: Customs Appellate Tribunal Chairman Ghulam Murtaza Bhatti has heard 39 cases of customs related matters in accompany with Member Technical, Muhammad Yahya. A special division bench was formed at CAT headquarters in Islamabad to continue hearing of cases in division bench after former Member Technical, Khalid Mehmood, and a member of divisional bench, had left to take charge as ... Read More »

Afaque Ahmad Qureshi appointed as commissioner Appeal at Multan

MULTAN: The Federal Board of Revenue has appointed Inland Revenue Appeals (IR-Appeals) commissioner for Regional Tax Office (RTO) Multan. Directorate of Internal Audit Additional Director Afaque Ahmad Qureshi has been transferred at Multan by promoting him. It may mention here that commissioner Appeal’s post was vacant for several months due to the transfer of Commissioner Amin Akhtar Shaheedi to Lahore ... Read More »

Royal Roller Flour Mills issued with show cause notice for Rs 5.33m tax evasion

KARACHI: The Customs’ Collectorate of Adjudication-II has served a show cause notice on M/s Royal Roller Flour Mills for evading taxes and duties to the tune of Rs 5.33 million on import of Silos classifiable under PCT Heading 9406.0030. As per details, the importer M/s Royal Roller Flour Mills Pvt Ltd had imported Silos from the United States of America ... Read More »

Customs foils bid to smuggle fertilizer from Pakistan to Afghanistan

PESHAWAR: A bid to smuggle fertilizer to Afghanistan was foiled by the Customs authorities and Khasadar at Torkham border, the officials informed on Sunday. Sources said, Khasadar troops were busy in their routine checking when they stopped a loaded trailer bearing registration no.KBL-26363 for examination. During search, 375 bags of fertilizer were recovered which were concealed under the cement bags. The ... Read More »

IHC bars RTO to collect Rs 36m tax from First Security Ltd

ISLAMABAD: Islamabad High Court (IHC) on Monday has stayed recovery of Rs 36 million income taxes by Regional Tax Office-FBR field office collecting taxes. While hearing a petition contesting demand of tax collection, Justice Aamer Farooq of IHC barred tax authorities to demand Rs 36 million income taxes from the appellant, Fist Security Private Limited. The Fist Security Private Limited ... Read More »

Chief Commissioner (RTO-I) Tasneem Rehman seeks report on arrears

LAHORE: Chief Commissioner regional tax office one (RTO-I) Tasneem Rehman has ordered to commissioners of all six zones to update arrears of Current and withholding and present report to him. According to the details, the newly posted Chief Commissioner Regional Tax Office-one (RTO-I) Tasneem Rehman holds first meeting with the commissioners of all six zones and asks about the collections ... Read More »

Sindh Revenue Board collects Rs 24.8m in 20 days of November

KARACHI: The Sindh Revenue Board collected Rs 24.8 million during the first 20 days of the current month while the Board collected Rs 14.2 million in first 10 days of November. Sources of Sindh Revenue Board told Customs Today that Board already finalized its strategy to collect more revenue during the fifth month of current fiscal year and they are working on ... Read More »

Customs Adjudication impose penalty of Rs 0.6m on Ghafran Textile

KARACHI: The Customs Adjudication has levied a penalty of Rs 0.6 million on Ghafran Textile Mills as the company is allegedly involved in tax evasion. Sources told Customs Today that during audit the authorities observed that company availed unlawful benefits by availing Free Trade Agreement. The company avoid payment of Rs 60,12,345 by gaining undue concessions. The sources said that company cleared ... Read More »

Customs Court sends gold smuggler to jail on judicial remand

LAHORE: Chaudary Ameer Muhammad Khan, the special judge of the Customs and Taxation Court, has sent Muhammad Rizwan, an alleged smuggler, to jail on a 14-day judicial remand. Earlier, accused Muhammad Rizwan was on physical remand for four days and he was in custody of Customs investigation team that investigated from the accused to dig out more persons behind his ... Read More »

Bio Amla owner flees from court after rejection of bail plea

LAHORE: Director of Bio Amla Cosmetics successfully ran away from the court premises afterCustoms cCourt rejected his bail plea. According to details available to Customs Today, Kashif Zia, the owner of Bio Amla Shampoo Company, is involved in tax evasion of Rs 1.3 million. Customs team registered a case against him last year when they found him involved in tax evasion. He was ... Read More »

Court extends judicial remand of suspect in Rs 5.5m currency smuggling case

LAHORE: The Special Federal Court of Customs Taxation and Anti-Smuggling has extended the judicial remand of a suspect who is involved in currency smuggling case. According to details, Shahbaz Ahmad was arrested by the Customs Preventive at Lahore airport when they foiled a bid to smuggle Rs 5.2 million foreign currencies from Lahore to Muscat. Suspect Shahbaz Ahmad was produced before the ... Read More »

Punjab govt to introduce health insurance scheme : Ayesha Ghaus Pasha

LAHORE: Provincial Minister for Finance Dr Ayesha Ghaus Pasha has said that Punjab Chief Minister Shahbaz Sharif, while taking notice of non-provision of timely medical facilities to pregnant women, has decided to introduce health insurance scheme. Under this scheme, free facilities will be provided to deserving patients, especially pregnant women for admission, delivery, treatment of newly born babies, emergency operations, ... Read More »

China eyes 2016 as investment opportunities in Asian countries expanding

BEIJING: Countries participating in talks for a 16-nation Asia-Pacific trade bloc seek to reach a broad agreement in 2016, according to a draft of the leaders’ statement obtained by The Nikkei. Negotiators for the China-led Regional Comprehensive Economic Partnership have been exploring a fresh timeline after having given up on their earlier goal of wrapping up talks by year-end. The ... Read More »

Iran, Azerbaijan enhances economic ties

TEHRAN: Azerbaijan has offered Iran to use its logistics center located in Kazakhstan’s Aktau. The offer was voiced at a meeting between Azerbaijan’s Economy and Industry Minister Shahin Mustafayev and the delegation headed by Governor of Iranian Gilan province, Mohammadali Najafi, on November 18. Iran’s using of Azerbaijani logistics center is expected to favor the development of political and economic ... Read More »

Russia, Pakistan sign MoUs on settlement of financial claims

MOSCOW: Pakistan and Russia on Friday signed memorandum of understandings (MoUs) on settlement of mutual financial claims and obligations and on Science and Technical cooperation. The MoUs were signed after the 4th meeting of the Pakistan-Russia Inter Governmental Commission (IGC) on Trade, Economic, Scientific and Technical Cooperation held here from 18-20 November. Finance Muhammad Ishaq Dar and Co-Chairman of the ... Read More »

Pakistan Cement association asks to suspend Iranian cement import

MOSCOW: All Pakistan Cement Manufacturers Association (APCMA) has requested the Ministry of Commerce to suspend the import of cement through land routes into Pakistan, and also asked the Iranian government to seek quality approval from PSQCA, before imports could be resumed at statutory duties. In a letter to Muhammad Shehzad Arbab, Federal Secretary Commerce, Chairman APCMA Muhammad Ali Tabba stated ... Read More »