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FBR constitutes committee to formulate rules under modified section of Customs Act   Published On FBR has explained that the rules will be notified in due course of time. ISLAMABAD (APP) - Federal Board of Revenue (FBR) has constituted a committee of senior officers at Customs House, Karachi to formulate rules to implement section 156(1) of the Customs Act, 1969 as modified by the Federal Government vide Finance Act, 2021. The said provision of law prescribes certain penalties for not placing invoice, packing list inside the container or failure to attach or upload mandatory documents with ...

A key amendment introduced in the revised export regulations is the framework for facilitating Pakistani exporters and entrepreneurs to sell their products through international digital marketplaces including Amazon, e-Bay and Alibaba. — AP/File KARACHI: The State Bank of Pakistan (SBP) on Friday eliminated the requirement of Electronic Form-E (EFE) by amending the foreign exchange regulations to facilitate exporters. Through the Pakistan Single Window and International Platforms, it has notified revisions in foreign exchange regulations for export of goods from the country, the central...

Govt to Introduce Measures in Next Budget to Increase Exports The government is in the process of drafting major tax-related facilitative measures for exporters in the budget (2021-22) under an integrated strategy to ensure a significant increase in exports of Pakistan. Top government officials told Propakistani that the government is issuing a new simplified scheme for exporters in the coming budget (2021-22) to allow the import of duties and taxes free input and raw materials consumed in the manufacturing of export goods. Finance Bill 2021 would incorporate the new scheme for exporters. The...

The Federal Board of Revenue (FBR) has devised an integrated strategy that has significantly increased exports of Pakistan from $1.6 billion (in August

FBR's export facilitation strategy leads to significant trade growth upto 50pc   Published On FBR also removed regulatory duty on import of cotton yarn, till June 30, 2021 ISLAMABAD (Dunya News) – The Integrated Strategy, devised by the Federal Board of Revenue, has amply contributed to significant increase in exports from Pakistan, reaching to US $2.4 billion in December 2020 as compare to US $ 1.6 billion in August 2020, showing about 50 percent growth. As compared to the exports of US $1.993 billion during the same month of last year, the exports in grew by 18.3 per cent, according to ...