Monthly Archives: February 2017

Senior customs officials reshuffled; Manzoor Memon made Chief Collector (Enforcement)


ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday reshuffled the senior officers of Pakistan Customs Service (PCS) of BS-20-21 and posted Manzoor Hussain Memon as Chief Collector of Customs (Enforcement) Karachi with immediate effect until further order.

SECP declares nine brokers as defaulters; recovers 100pc from four defaulters


ISLAMABAD: Zafar Hijazi, Chairman, Securities and Exchange Commission of Pakistan (SECP) has said that about nine brokers have been declared defaulters.

FBR notifies new sales tax rates on POL products


ISLAMABAD: The government has enhanced sales tax on supply of petrol and high speed diesel (HSD) oil to be effective during the month of March 2017.

Trade, industry stand united against FBR raids


KARACHI: About 14 chambers and 20 associations of the country on Monday formulated strategy against discretionary powers used by officials of Federal Board of Revenue (FBR) in raiding business premises and freezing bank accounts.

FBR issues active taxpayers list; return filers at 1.213 million


ISLAMABAD: Federal Board of Revenue (FBR) on Monday issued the weekly Active Taxpayers List (ATL) for tax year 2015, showing further increased in number for return filers to 1.213 million.

List of 404 items requiring 100pc cash margin on import


KARACHI: Following is the detailed list of items on which State Bank of Pakistan (SBP) has imposed restriction of mandatory 100 percent cash margin at the time of Letter of Credit.

Further tightening of laws for non-filers in budget 2017/2018: Member IR Operations


KARACHI: Federal Board of Revenue (FBR) has indicated further tightening of laws against non-filers on income tax returns in the budget 2017/2018.

FBR notifies promotion of 20 customs officers to BS-20


ISLAMABAD: Federal Board of Revenue (FBR) has notified promotion of Pakistan Customs Service (PCS) officers from BS-19 to BS-20 with immediate effect.

FBR announces promotion of 56 IRS officers to BS-20


ISLAMABAD: Federal Board of Revenue (FBR) on Saturday announced promotion of Inland Revenue Service (IRS) from BS-19 to BS-20 on regular basis in their group with immediate effect.

13 IRS officers promoted to BS-21


ISLAMABAD: The Federal Board of Revenue (FBR) has notified promotion of 13 officers of Inland Revenue Service (IRS) from BS-20 to BS-21 with immediate effect on regular basis.