Customs Today Newspaper
Pakistan's first indepth Newspaper on Customs
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Latest posts
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IMF presses Pakistan to meet Rs15.26tr tax target
LAHORE: The International Monetary Fund (IMF) has expressed concern over Pakistan’s declining tax collections, urging the government to take additional measures to meet its annual revenue target of Rs15,264 billion. According to Federal Board of Revenue (FBR) sources, tax…
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Pakistan surpasses vietnam in rice exports during September 2026
ISLAMABAD: Pakistan recorded a significant increase in rice exports in September 2026, overtaking Vietnam despite tensions in the Gulf region and disruptions to international shipping routes. According to available data, Pakistan exported 420,000 tonnes of rice to global markets…
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Pakistan targets China, Saudi Arabia & Iran to expand agricultural exports
LAHORE: The government and the Lahore Chamber of Commerce & Industry (LCCI) have agreed to work together to increase Pakistan’s agricultural exports. Both sides want to combine government support, private-sector expertise, agricultural research and internationally recognised…
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JazzCash & Easypaisa halt aggregator services amid FIA gambling probe
KARACHI: The digital payments landscape in Pakistan is facing another massive disruption. The fintech giants, JazzCash and easypaisa, have completely suspended payment collection services for all payment aggregators. This sweeping action targets illegal online gambling and…
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FBR seeks CA firms for audit of Customs bonded warehouses across Pakistan
ISLAMABAD: The Federal Board of Revenue (FBR) has invited chartered accountancy (CA) firms to conduct a comprehensive third-party audit of Customs bonded warehouses across Pakistan, covering three financial years from 2023-24 to 2025-26. The FBR Customs Wing intends to appoint…
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Pakistan’s trade deficit widens to $14.63bn in four months
KARACHI: Pakistan’s trade deficit reached $14.63 billion during the first four months of the fiscal year 2026-27, as imports exceeded $26 billion against exports of $11.44 billion, according to official documents. The figures show that imports continued to outpace exports,…
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Pakistan seeks stronger export financing through EXIM Bank
ISTANBUL: Pakistan is moving to expand export financing by operationalizing its Export-Import Bank, digitizing export credit processes and increasing concessional lending to help exporters compete in international markets, Commerce Minister Jam Kamal Khan said. Khan made the…
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FBR releases ATL 2026 with record 8 million income tax filers
ISLAMABAD: The Federal Board of Revenue (FBR) on Monday issued the Active Taxpayers List (ATL) 2026, featuring taxpayers who filed their income tax returns for tax year 2026 by October 31. According to the latest list, more than 8 million taxpayers submitted their income tax…
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FCC to decide on super tax review pleas filed by major companies
ISLAMABAD: The Federal Constitutional Court (FCC) reserved its decision on a set of petitions seeking a review of its Jan 27 judgement that upheld the legality of the Super Tax. A three-judge bench headed by Chief Justice Aminuddin Khan, and comprising Justice Syed Hasan Azhar…
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Senate panel flags alleged misuse of FATA/PATA tax exemption scheme
ISLAMABAD: A Senate Sub-Committee on Interior and Anti-Narcotics has expressed serious concern over alleged misuse of the FATA/PATA tax exemption scheme, delays in recovering billions of rupees in outstanding taxes, and the failure of several companies to provide required…
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Pakistan, Bangladesh agree to deepen economic & energy cooperation
ISLAMABAD: Pakistan and Bangladesh agreed to strengthen economic engagement and institutional cooperation while exploring opportunities to expand bilateral trade, investment and collaboration in managing energy supply challenges amid the evolving global crisis. The understanding…
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ICCI, Qureshi community demand modern Islamabad slaughterhouse urgently
ISLAMABAD: President of the All Pakistan Jamiat-ul-Quresh Meat Welfare Association and Member of the Livestock and Dairy Development Board, Khurshid Ahmed Qureshi, met with President of the Islamabad Chamber of Commerce and Industry (ICCI), Muhammad Zakaria Akbar Zia, at his…
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Pakistan highlights strategic role in strengthening economic ties with Central Asia
ALMATY: Federal Minister for Investment Qaiser Ahmad Sheikh has reaffirmed Pakistan’s potential to emerge as a key trade and transit hub for Central Asian countries, highlighting its strategic geographical location, modernizing port infrastructure and growing investment…
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US consortium proposes $4.4b LNG project in Pakistan
KARACHI: A private consortium of U.S. companies backed by the Trump administration is seeking to invest up to $4.4 billion in an integrated liquefied natural gas project in Pakistan that would cover imports, storage, re-gasification, gas transmission and sales to large consumers…
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Pakistan takes over SCO Interbank Consortium chairmanship for 2026-27
KARACHI: Pakistan has assumed the chairmanship of the Shanghai Cooperation Organisation Interbank Consortium (SCO-IBC) for 2026-27, with HBL Chairman Sultan Ali Allana taking over as chairman of the consortium amid the country’s concurrent leadership of the SCO. In a statement…
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LHC rules FBR orders uploaded to IRIS do not count as legal service
LAHORE: The Lahore High Court (LHC) has ruled that uploading an appellate order to the Federal Board of Revenue’s (FBR) Inland Revenue Information System (IRIS) does not amount to valid service under the Income Tax Ordinance, 2001. A division bench comprising Justice Mirza Viqas…
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SECP blocks inactive companies from opening new bank accounts
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Saturday declared 39,704 companies “Inactive by Registrar” for failing to file annual returns and/or financial statements for four years. The SECP said the move would make the corporate register more…
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Pensioner Challenges FBR inactive status over alleged IRIS tax error
LAHORE: A senior citizen taxpayer who earns income from a Behbood/pensioner certificate has asked the Federal Tax Ombudsman (FTO) to act against the Federal Board of Revenue (FBR), after the board declared him “In-Active” on November 1, 2026. His complaint about a wrong tax…
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FBR faces Rs129b tax shortfall in first four months of FY2026-27
ISLAMABAD: The Federal Board of Revenue (FBR) has faced a tax shortfall of Rs129 billion during the first four months of the current fiscal year, from July to October, despite recording a 7% increase in tax collection compared to the same period last year. According to sources,…
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Pakistan must focus on fiscal discipline, export growth & private investment: FinMin Aurangzeb
ISLAMABAD: Finance Minister Muhammad Aurangzeb has said Pakistan is continuing its journey from economic stability towards sustainable growth, stressing that fiscal discipline, increased exports and promotion of private investment are essential to achieving long-term economic…