FBR exempts WT from 300,000 ton wheat import

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Observer Report
Karachi

The Federal Bureau of Revenue (FBR) has on Tuesday announced it is waiving the withholding tax on the import of 300,000 metric tons of wheat after the government instructed it to do so.

The federal revenue body said it is exempting the Withholding Tax from wheat import after the federal government instructed it to do so and a notification has been released to that effect today.

However, the wheat imported by the private sector via the Trading Corporation of Pakistan will not be exempted from this duty, the notification added.

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