KARACHI: The Federal Board of Revenue (FBR) on Friday formally launched the Export Facilitation Scheme 2021. The FBR issued an SRO 957(I)/2021 to implement the provisions for facilitating exports from Pakistan. Previously, the tax body issued draft law on July 9, 2021, inviting feedback from the stakeholders. According to the latest SRO, the scheme would … Read more
The government has approved huge cuts, including rebates on raw materials, under 600 tariff lines to boost exports from conventional and non-traditional sectors. According to the report, this decision will be announced in the budget of 20-2021. Apart from this, there are several other tariff lines that will be considered for a reduction in duty. … Read more
The Federal Board of Revenue has issued an explanation on the news circulating about the customs duty imposed on mobile phones. According to the FBR, foreign travellers can register five mobile phones on their passports. FBR further added that the difference between the payment of customs duty and taxes on a phone worth more than … Read more
