January 14, 2021

FBR says facilitation leads to significant growth in exports

ISLAMABAD: The Federal Board of Revenue on Wednesday claimed credit for increasing monthly exports to $2.4 billion in December from $1.6 billion in August on the back of its trade facilitation strategy.The FBR said it has devised an integrated strategy under which additional customs duties and regulatory duties on 164 items related to textile sector, not manufactured in the country, were removed in collaboration with all the stakeholders. Import duties on 1,623 tariff lines, pertaining to...