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Islamabad: Customs Intelligence, in two separate operations, recovered and seized 8kg heroin and 84 kg opium valued at Rs 4.7 million and Rs.11.04 million respectively, including the vehicles. In pursuance of specific information that an attempt would be made to smuggle foreign origin heroin from Khyber agency to Punjab via Motorway (M-1) and ultimately abroad, on 04.07.2011 customs officials mounted surveillance near Peshawar Toll Plaza, M-1. At about 1400 hours, the suspected Toyota Corolla Car bearing registration No. ACJ-697 (Sindh) [...]
Federal Board of Revenues initiative to bring restaurants under tax net
Islamabad: RTO, Rawalpindi and Islamabad has initiated action u/s 40(B) of the Sales Tax Act in respect of a number of restaurants situated in their jurisdiction as a campaign to realize maximum revenue from the sales tax. Needless to mention that high profile sales tax payers such as these restaurants, charge sales tax from customers but a number of them do not deposit the tax duly collected in the government treasury. By effective monitoring, sales tax revenue has increased considerably [...]
Federal Board of Revenue and its field formations are working at its full flow to achieve the set targets
Islamabad: It has been reported today in a section of the press that some FBR field officials at one or two locations have gone on strike to press their demands of up gradation of posts of Income Tax Inspectors to BS 16. FBR headquarter management have contacted the reported field formations and have got it verified that no such officials are on strike. The official work is going normal as usual. The employees moreover, have also strongly refuted such news [...]