Author Archives: Faisal

FBR allows zero-rate to 5 textile units on electricity consumption

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed sales tax zero-rated on consumption of electricity to five textile units in order to reduce their cost of production for subsequent increase in the country’s exports.

Customs asked to take action against commercial imports of cars

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ISLAMABAD: The ministry of commerce has asked customs authorities to take strict action against commercial importers of cars as there was no provision of commercial imports of cars under the law.

Customs I&I Lahore announces auction of vehicles on Jan 23

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ISLAMABAD: Directorate of Customs Intelligence and Investigation, Lahore has announced auction of confiscated vehicles to be held on January 23, 2018 at State Warehouse, I&I, Lahore.

FBR notifies transfers, postings of BS-20-21 IRS officers

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ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of senior officers of Inland Revenue Service (IRS) in BS 20 and 21 with immediate effect and until further orders.

Procedure for duty, tax payment for imported cars announced

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ISLAMABAD: Ministry of Commerce has announced procedure for payment of duty and taxes under import of cars under various schemes.

Customs Intelligence Peshawar announces auction of confiscated vehicles on Jan 22

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ISLAMABAD: Directorate of Intelligence and Investigation (Customs), FBR, Peshawar has announced auction of confiscated vehicles that is scheduled for January 22, 2018 at State Ware House, Peshawar.

Idea for improving federal government functionaries to get Rs100,000 cash award

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ISLAMABAD: The establishment division has announced a cash award of Rs100,000 for giving an idea to improve efficiency of federal government departments.

FBR issues second clarification on downward adjustment in property valuation

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ISLAMABAD: Federal Board of Revenue (FBR) has issued second clarification to explain the downward adjustment in valuation of immovable properties in six different cities.

FBR invites customs proposals for budget 2018/2019

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ISLAMABAD: Federal Board of Revenue (FBR) has invited customs related proposals for budget 2018/2019 and asked stakeholders to submit the recommendations by January 31, 2018.

SECP rationalizes licensing regime for securities brokers

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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has rationalized licensing regime for securities brokers with an objective to reduce regulatory burden and to promote ease of doing business.