This milestone has led Pakistan to be the sixth global reformer and first in South Asia that has brought ease in doing business for the national / international trade, said FBR in a statement.
The State Bank of Pakistan (SBP) has decided to harmonize exports and imports data in collaboration with the Pakistan Bureau of Statistics (PBS) and the Federal Board of Revenue (FBR).
The Embassy of Pakistan in Tokyo is taking all legal measures both in Pakistan and Japan to address the matter under applicable laws; and, to mitigate any possible unease that might be caused to legitimate trade
FBR has stated that Import duties on 1,623 tariff lines, pertaining to basic raw material and intermediate goods were reduced to zero through the Finance Act, 2020.
The committee aims at simplifying the income tax return forms to the best possible extent besides developing the return forms that require least possible interventions on year to year basis.