Author: Mrs. Anjum Shahnawaz

New prices of petroleum products in Pakistan from July 01, 2022

ISLAMABAD: The government of Pakistan has announced another raise in prices of petroleum products effective from July 01, 2022.

The new prices of petrol have been increased by Rs14.85 per liter to Rs248.74 from Rs233.89.

The rate of high speed diesel has been increased by Rs13.25 per liter to Rs276.54 from Rs263.31.

The rate of kerosene oil has been increased by Rs18.83 per liter to Rs230.26 from Rs211.43.

READ MORE: New petroleum prices in Pakistan from June 16, 2022

Similarly, the rate of light speed diesel has been increased by Rs18.68 per liter to Rs226.15 from Rs207.47.

The National Assembly on Wednesday passed the Finance Bill 2022, which enabled the government to impose petroleum levy up to Rs50 per liter on petroleum products.

At present the government is not charging a levy on sale of petroleum products.

Besides, the sales tax is also at the minimum level of zero per cent on petroleum products.

READ MORE: Petroleum prices in Pakistan may rise from July 01, 2022

The previous government of PTI had kept both the petroleum levy and sales tax at zero in order to provide relief to the masses. The PTI government also provided a huge subsidy on prices of petroleum products in order to lower the rates and provide relief to the masses.

However, former Prime Minister Imran Khan was removed through a vote of no-confidence motion on April 10, 2022.

Since then the new coalition government led by PML-N increased the prices of petroleum products sharply on three different occasions.

READ MORE: New petroleum prices in Pakistan from June 03, 2022

The new government of Prime Minister Shehbaz Sharif increased the prices of petroleum products on May 26, 2022, June 02, 2022 and June 15, 2022. Cumulatively, the government increased the price of petrol by 84 per liter in these price hikes.

The present government in the budget estimated to collect Rs750 billion as petroleum levy during the fiscal year 2022/2023. As this fiscal year is starting from July 01, 2022, it is likely that the government will opt to impose the levy from this date.

Shaukat Tarin, former finance minister during PTI tenure said that on the demand of the International Monetary Fund (IMF) the government was increasing the rates of petroleum products. The government will further increase the prices of petroleum products to Rs300 per liter.

READ MORE: Petroleum prices in Pakistan from June 01, 2022

In a Tweet he said: “IMF wants more prior actions before they even consider taking the proposal to their board. Rs 855 billion Petroleum Development Levy (PDL) and 11 per cent sales tax. Will push cost to Rs300+/litre. Immediate increase in electricity prices. Rs800 billion provincial surpluses signed off by provinces, when they showed only Rs80 billion.”

Previously, the government announced the increase of the price of diesel to Rs263.31 per liter effective from June 16, 2022. The rate of high speed diesel had been increased by Rs59 per liter. The rate of this product was Rs144.16 as of May 26, 2022. A cumulative increase of Rs119 during the past 20 days. Similarly, the price of petrol increased by Rs84 to Rs233.89 from Rs149.89 as of May 26, 2022.

READ MORE: Petroleum levy to generate Rs750 billion

July 1, 2022
OTP requirement abolished for USC purchases

ISLAMABAD: The government has abolished the requirement of One-Time Password (OTP) for purchases from Utility Stores Corporate (USC) at subsidized rates.

Keeping in view the plight of the public, Prime Minister Shehbaz Sharif has abolished the One Time Password System used for purchases at utility stores, according to a statement issued on Sunday.

READ MORE: ECC approves Ramzan relief package worth Rs8.28 bn

Original ID cards will now have to be displayed at the counter for purchasing subsidized items at utility stores.

The photocopy requirement has also been removed and declared to receive a confirmation SMS to the customer’s registered mobile number after purchase.

READ MORE: USC, NBP complete integration for Ehsaas Rashan

The Utility Stores Corporation is pursuing a strategy of transparent transfer of federal government subsidies to the real beneficiaries.

Under the federal government subsidy, sugar is available at 70 rupees per kg, ghee at 300 rupees per kg and a 10 kg bag of flour at 400 rupees at all utility stores across the country.

READ MORE: USC automation to ease provision of targeted subsidy

Rice and pulses are also being subsidized.

In addition, more than 1,500 standard items are available at a much lower price than the general market.

READ MORE: USC to announce special discount package for Ramazan

June 27, 2022
Leadership’s role crucial for Pakistan’s progress: Arif Alvi

ISLAMABAD: The role of leadership is very crucial in challenging times; it is about understanding issues and being persistent in the pursuit of solutions. If the leadership is clear-headed, it can lead the nation on the path to progress.

Dr. Arif Alvi, President of the Islamic Republic of Pakistan said in an exclusive interview with Muhammad Azfar Ahsan, CEO and Founder CORPORATE PAKISTAN GROUP and Nutshell Group.

The President said that stability in the economy does not happen overnight; it needs sustainable efforts for an elected government based on competent people with the right skill set to address issues of public interest. In Pakistan, unfortunately, public representatives become part of the assemblies on the basis of relationships in different communities.

Dr. Alvi said that the Charter of Economy seems a very promising idea for the stability of the economy, but it is challenging in a country where different political parties have starkly different political ideologies; however, the best course of action for economic progress is a democratic setup which is empowered through votes.

Pakistan has fared far better than world economies during the last few years, particularly during the COVID-19 pandemic, the President said. He hoped that Pakistan will soon get out of the ongoing crisis, which has a lot to do with global inflationary trends as well as domestic uncertainties.

“I am optimistic that the situation will get better in Pakistan, which was first the victim of a long wave of terrorism that kept the foreign investors at bay. By the grace of God, we fought well against terrorists and prevailed. Then the COVID-19 pandemic came, and Pakistan fought that battle well too,” the President further said.

He emphasized that the adoption of knowledge and technology in the system is needed to bring change in our society, and this can be pursued better by the private sector than government institutions, but the policies should be consistent, and their implementation should be speedy.

Dr. Alvi said that he is a firm believer that the focus of Parliament and leadership should be on access to education for the masses. “There is a huge gap in education in Pakistan; it is going to be the single biggest issue in the next ten years. Uneducated people should receive suitable skills, and those with a mediocre educational background should be equipped with a better skill set,” he added.

The President praised the overseas Pakistanis for their unwavering support and valuable contribution to the economy, urging them to provide intellectual support for the empowerment of the Pakistani people, mainly through education.

The overseas Pakistani diaspora comprises workers, largely in the Middle Eastern countries, but a significant section, of up to 10%, is well settled in different countries; they can play a significant role for the development of Pakistan, the President said. “I requested them to adopt health and education institutions in Pakistan as the world needs human intellect. For instance, in cyber defense and cyber protection, the world needs 80 million professionals. I told them that every professional they train in this field will get work. There are so many other fields that need human resources,” he added.

Speaking about the geopolitical situation, Dr. Alvi opined that Pakistan should follow a smart approach which must be independent, while avoiding a definite tilt towards a specific bloc. To withstand pressures from different sides, he said that the economy needs to stand on its own feet. Plus, we must prefer sovereignty (khuddari) for the nation.

To a question about the growing polarization in Pakistani society and what should his role be as the head of the state, Dr. Alvi replied that he may not be able to convince the most polarized people to change their views, but he can unite the less polarized people around national causes.

“In COVID times, I did my best to keep Ulemas on board, and it worked very well. What we decided with the religious fraternity in Pakistan, the Muslim world followed the same later, e.g. keeping the mosques open for prayer during the pandemic,” Dr. Arif Alvi said.

He mentioned that the Presidency played a role in raising its voice on the issue of women’s right to inheritance. It also provided significant support to the PM Digital Skills Program, in which 24 million people participated, and a significant number out of them is making good money to support their families.

Regarding the future of Pakistan, Dr. Alvi said that the country is destined for development and prosperity due to its remarkable potential, but its institutions should be strengthened on a sustainable basis. A knowledge-based Pakistan needs less brick-and-mortar investment and more intellectual investment, he said.

The nation should elect a good leadership, and it is then up to the leadership to establish institutions and rid Pakistan of people with the vested interests, he concluded.

June 27, 2022

Pakistan’s salaried class unhappy over new tax changes

ISLAMABAD: The salaried class in Pakistan is in shock over the recent changes announced by the government and revert its decision to exempt income of salaried persons up to Rs1.2 million.

The government on June 10, 2022 presented the federal budget 2022/2023 announced major tax relief for salaried class by enhancing threshold from Rs600,000 to Rs1.2 million. Besides, the government also proposed to reduce the number of income slabs.

Through the Finance Bill, 2022 the government on June 10, 2022 proposed the following rates of tax on salary income:

Salary income slabs and tax rates proposed through Finance Bill, 2022:

S#	Taxable Income	Rate of Tax
(1)	(2)	(3)
1.	Where taxable income does not exceed Rs. 600,000	0
2.	Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000	Rs. 100
3.	Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 2,400,000	7% of the amount exceeding Rs. 1,200,000
4.	Where taxable income exceeds Rs. 2,400,000 but does not exceed Rs. 3,600,000	Rs. 84,000 + 12.5% of the amount exceeding Rs. 2,400,000
5.	Where taxable income exceeds Rs. 3,600,000 but does not exceed Rs. 6,000,000	Rs. 234,000 + 17.5% of the amount exceeding Rs. 3,600,000
6.	Where taxable income exceeds Rs. 6,000,000 but does not exceed Rs. 12,000,000	Rs. 654,000 + 22.5% of the amount exceeding Rs. 6,000,000
7.	Where taxable income exceeds Rs. 12,000,000	Rs. 2,004,000 + 32.5% of the amount exceeding Rs. 12,000,000.”

However, the government has taken a big U-turn and now proposed amendment to the Finance Bill, 2022 and decided to withdraw the exempt income threshold.

As per sources the government has proposed revision in salary tax rates for tax year 2023 effective from July 01, 2022. The following is the proposed rates for next tax year:

01. Where taxable income tax does not exceed Rs600,000: the tax rate should be zero.

02. Where taxable income exceeds Rs600,000 but does not exceed Rs1,200,000: the tax rate should be 2.5 per cent of the amount exceeding Rs1,200,000.

03. Where taxable income exceed Rs1,200,000 but does not exceed Rs2,400,000: the tax rate should be Rs15,000 + 12.5 per cent of the amount exceeding Rs1,200,000.

04. Where taxable income exceeds Rs2,400,000 but does not exceed Rs3,600,000: The tax rate should be Rs165,000 + 20% of the amount exceeding Rs2,400,000.

05. Where taxable income exceeds Rs3,600,000 but does not exceed Rs6,000,000: the tax rate should be Rs405,000 + 25 per cent of the amount exceeding Rs3,600,000.

06. Where taxable income exceeds Rs6,000,000 but does not exceed Rs12,000,000: the tax rate should be Rs1,005,000 + 32.5 per cent of the amount exceeding Rs6,000,000.

07. Where taxable income exceeds Rs12,000,000: the tax rate should eb Rs2,955,000 + 35 per cent of the amount exceeding Rs12,000,000.

The existing rate of income tax on the salary persons for tax year 2022 (July 01, 2021 – June 30, 2022) is as follow:

(2) Where the income of an individual chargeable under the head “salary” exceeds seventy-five per cent of his taxable income, the rates of tax to be applied shall be as set out in the following table, namely:—

1. Where taxable income does not exceed Rs. 600,000: 0%

2. Where taxable income exceeds Rs. 600,000 but does not exceed Rs. 1,200,000: 5% of the amount exceeding Rs. 600,000

3. Where taxable income exceeds Rs. 1,200,000 but does not exceed Rs. 1,800,000: Rs. 30,000 plus 10% of the amount exceeding Rs. 1,200,000

4. Where taxable income exceeds Rs. 1,800,000 but does not exceed Rs. 2,500,000: Rs. 90,000 plus 15% of the amount exceeding Rs. 1,800,000

5. Where taxable income exceeds Rs.2,500,000 but does not exceed Rs. 3,500,000: Rs. 195,000 plus 17.5% of the amount exceeding Rs. 2,500,000

6. Where taxable income exceeds Rs. 3,500,000 but does not exceed Rs. 5,000,000: Rs. 370,000 plus 20% of the amount exceeding Rs. 3,500,000

7. Where taxable income exceeds Rs. 5,000,000 but does not exceeds Rs. 8,000,000: Rs. 670,000 plus 22.5% of the amount exceeding Rs. 5,000,000

8. Where taxable income exceeds Rs. 8,000,000 but does not exceeds Rs. 12,000,000: Rs. 1,345,000 plus 25% of the amount exceeding Rs. 8,000,000

9. Where taxable income exceeds Rs. 12,000,000 but does not exceeds Rs. 30,000,000: Rs. 2,345,000 plus 27.5% of the amount exceeding Rs. 12,000,000

10. Where taxable income exceeds Rs. 30,000,000 but does not exceeds Rs. 50,000,000: Rs. 7,295,000 plus 30% of the amount exceeding Rs. 30,000,000

11. Where taxable income exceeds Rs. 50,000,000 but does not exceeds Rs. 75,000,000: Rs. 13,295,000 plus 32.5% of the amount exceeding Rs. 50,000,000

12. Where taxable income exceeds Rs. 75,000,000 Rs. 21,420,000 plus 35% of the amount exceeding Rs. 75,000,000.

June 25, 2022

Pakistan imposes fixed tax on gold shops

ISLAMABAD: Pakistan on Friday introduced a fixed tax regime for jewelers and decided to impose the fixed tax on gold shops measures a certain area.

Finance Minister Miftah Ismail while addressing on the floor of the house, stated that only twenty two gold shops out of thirty thousand are registered.

“A fixed tax will be levied on the gold shops measuring up to three hundred square feet whilst sales tax on big jewellery shops has been reduced from seventeen to three percent,” the finance minister said.

He further said withholding tax on sale of jewellery has been reduced to one percent from the current four percent.

Ismail said a fixed tax will also be imposed on car dealers, restaurants and those constructing houses. He said the tax has been imposed on income and not consumption. Therefore, these measures will not cause inflation.

READ MORE: Committee recommends lifting import ban on luxury items

The minister said that the government has decided to levy super tax on the affluent class to reduce budget deficit in order to end reliance on foreign assistance and take the country towards economic sovereignty.

Winding up discussion on the budget for the next fiscal year, he said individuals and companies earning 150 million rupees will have to pay one percent additional tax, two percent additional tax on 200 million rupees income, three percent on 250 million rupees income and four percent additional tax on 300 million rupees income. He said this tax will be for a period of one year.

The Minister for Finance said that thirteen high earning sectors including oil and gas, cigarettes, cement, LNG terminals have also been identified for imposition of ten percent super tax on income of three hundred million rupees. He clarified that this will be one time tax.

Miftah Ismail said that there are nine million retail shops and it has been decided to bring 2.5 million of them to the tax net.

READ MORE: FPCCI identifies tax anomalies in budget 2022-2023

The Minister said after incorporating various suggestions and measures the tax revenue target has increased to 7470 billion rupees for the next fiscal year. He said 4373 billion rupees will be distributed to provinces as their share.

The Finance Minister said that the government has tried to reduce burden on the weak segments of the society. He said that sugar, flour and ghee will be provided to the people at subsidized rates throughout the year at the Utility Stores. He informed the House that one million people have so far registered to avail Sasta Petrol and Sasta Diesel scheme.

The Minister also announced incentives for different sectors. He said the condition of withholding tax and statement for IT companies with the revenue of less than eighty million rupees will be exempted. He said a tax being charged from Oil Marketing Companies at the rate of 0.75 percent has been brought back to 0.5 percent. He said Overseas Pakistanis having NICOP card will be included in the active tax payers’ list. He said income on the plots of the families of martyrs and war injured has been exempted from tax. He said relief has also been given to leather and surgical goods.

READ MORE: FBR forms committees to remove anomalies in Finance Bill

The Finance Minister said the government has safe the country from default and know the country will be taken towards development. He said the previous government took an unprecedented loan of twenty-thousand billion rupees in four years. He questioned how a country can remain economically sovereign by taking huge loan that is why we have to revive the stalled IMF program. He said difficult decisions were taken in the national interest after consultations with all the allied parties. He said given the current account deficit which will remain 17.50 billion dollars, we have to agree to the IMF recommendations to safe the country from default.

Miftah Ismail said that this is the most pro-farmer budget ever presented in the last two decades. He said this farmer friendly budget will accrue long term benefits for the country and help bolster agri-products, besides achieving self-sufficiency in edible oil, wheat and other crops.

Talking about recommendations made by the Senate, he said most of the suggestion of the Upper House has been incorporated. He said Senate’s recommendations on pharmaceutical goods will be entertained in the next budget.

READ MORE: Key tax measures taken through Finance Bill 2022

June 25, 2022
Pakistan tax offices to work extended hours for revenue collection

ISLAMABAD: Pakistan tax offices have been directed to work extended hours on the last two days of the current fiscal year i.e. June 29, 2022 and June 30, 2022 for collection of duty and taxes.
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June 24, 2022
Pakistan slaps super tax on industries, individuals

ISLAMABAD: Pakistan on Friday imposed a 10 per cent super tax on earnings of certain industrial sectors and on income of high net worth individuals.

Prime Minister Shehbaz Sharif announced to impose the 10 percent super tax on over 12 large industries and also on affluent persons with more than Rs 150 million annual income with a rate up to four percent.

Addressing the members of his economic team, he said the imposed taxes would be the “first step towards the country’s financial self-reliance”.

READ MORE: Key tax measures taken through Finance Bill 2022

The prime minister said the 10 percent tax aimed at poverty alleviation would be imposed on industries and sectors including cement, fertilizers, steel, sugar, textile, oil and gas, LNG terminals, banking sector, cigarette, chemicals and beverages.

He said the individuals earning over Rs 150 million a year would pay one percent tax; those earning Rs 200 million will pay two percent, those over Rs 250 million income to pay three percent and the ones earning above Rs 300 million will pay four percent tax.

The prime minister said he had formed teams to boost tax collection with the help of organs of State institutions and through digital means.

READ MORE: FPCCI identifies tax anomalies in budget 2022-2023

He said the step would help the country attain economic stability and push it out of the shakles of loans.

PM Sharif pointed out that every year, an amount of around Rs 2,000 billion in the country was misappropriated through tax evasion.

He mentioned that 60 percent of the formal sector was paying taxes, however the rest of 40 percent economy needed to be brought into tax net.

He said the collected tax would be diverted towards the projects of health, education, skilled training and information technology.

For the first time in country’s history, he said, a budget had been presented to provide relief to common man, orphans, widows and poor.

READ MORE: Pakistan announces massive tax reduction for salaried persons

The prime minister hoped that with hard work and faith in Allah Almighty, the things would ease up.

The measures taken in the budget will enable the poor overcome their financial challenges, he added.

PM Sharif said the history was evident that the poor always sacrificed while facing challenges, but now it was the moral obligation upon the affluent to come forward and contribute.

He expressed confidence that the measures would take Pakistan forward on the path of prosperity, progress and economic stability.

READ MORE: Rate of super tax for Tax Year 2022

June 24, 2022
HBL ordered to compensate bank fraud victim

ISLAMABAD: President of Pakistan, Dr. Arif Ali Alvi, on Wednesday ordered Habib Bank Limited (HBL) to immediate compensate a victim of bank fraud.

President Dr Arif Alvi reprimanded HBL for unnecessarily dragging the matter of reimbursement of a trivial amount of Rs. 39,000 to the victim of bank fraud.

READ MORE: SBP takes measures for prevention of digital bank fraud

He directed the bank to reimburse the defrauded amount, along with the payment of transportation charges, within fifteen days to the victim and termed the action of the HBL an act of malpractice and maladministration.

The President reprimanded the HBL for preferring representation before the President against the order passed by the Banking Ombudsman in favor of the victim of the bank fraud involving a meager amount.

READ MORE: SBP directs banks to report digital fraud cases

The President observed that the transfer of money from one account to another through cheating was a common incident of fraudulent activity but despite the knowledge of the account where the money landed and was then withdrawn no action was taken against the beneficiary of the transaction.

The President emphasized that the bank was liable to make good the loss of their customers and advised the bank management to look into the issue and take remedial measures to safeguard the interest of its customers, especially the small depositors and account holders.

READ MORE: Habib Bank, Meezan Bank directed to pay fraud victims

The President directed the State Bank of Pakistan, being a regulatory body, to take earnest action against both the Banks and bank branches by adopting regulatory and punitive action to redress the fraudulent activities which result from noncompliance with Rules and Regulations issued by the State Bank of Pakistan.

According to the details, an unknown person tricked Nazeer Ahmad Bhutta to provide the last digits of his ATM card and later deprived him of his deposit.

READ MORE: President Alvi rejects MCB Bank’s appeal in fraud case

The victim preferred an appeal before the Banking Ombudsman who decided the case in favour of the victim. However, HBL, instead of implementing the decision, preferred representation to the President.

The President upheld the decision of the Banking Ombudsman and directed the Bank to reimburse the defrauded money to the complainant.

June 22, 2022
Procedure notified for TAD under Afghan transit trade

ISLAMABAD: The Federal Board of Revenue (FBR) has notified procedure for issuance of temporary admission document (TAD) under Afghan Transit Trade.

The FBR issued SRO 802(I)/2022 to amend Customs Rules, 2001 by inserting new rule 482A.

In March 2022, Pakistan and Afghanistan implemented movement of transit and bilateral trade through TAD for commercial vehicles.

Under the arrangement, the Pakistan Embassy in Kabul and the consulate generals in Jalalabad and Kandahar will issue TAD for Afghan vehicles. The Afghan Embassy in Islamabad and consulate generals in Peshawar and Quetta will issue the entry documents for Pakistani vehicles.

The move, aimed at improving regional connectivity with the Central Asian States, envisages the provision of TAD to transporters from both sides.

“482A. Procedure for issuance of TAD.- Notwithstanding the provisions of rule 482, initially the following procedure and conditions shall be followed for issuance and regulation of TAD, namely:-

(1) Directorate of Transit Trade, Karachi and Afghanistan Ministry of Transport shall share list of approved transport operators and their vehicles before starting issuance of TAD. When new transport operators and their vehicles are added to the list, the other side shall be informed via email, immediately. Both sides shall nominate focal persons for timely exchange of this information. Proper and complete record of all approved transport operators and their vehicles shall be maintained by the both sides;

(2) The list of approved Afghan transport operators and their registered vehicles shall be forwarded by Directorate of Transit Trade, Karachi to the concerned officers in the Embassy of Pakistan, Kabul and the Consulate General of Pakistan at Kandahar and Jalalabad and the list of approved Pakistani transport operators and their registered vehicles shall be forwarded by Afghan authorities to the concerned officers in the Embassy of Afghanistan in Islamabad or the Consulate General of Afghanistan in Karachi, Quetta and Peshawar.

(3) the application of TAD by Afghan approved transport operators for Afghanistan registered vehicles, as per Appendix-IIIA, along with required documents, shall be collected on all working days at window No. 5 of Pakistan Embassy in Kabul and Pakistan Consulate in Kandahar during 1100 to 1200 hours. Whereas applications for TAD for Pakistan registered vehicles as per Appendix-IIIB shall be collected on all working days at Afghan Embassy in Islamabad, and Afghan Consulate General in Karachi, Quetta and Peshawar during 1000 to 1100 hours;

(4) no fee shall be charged application form. Both availability and shall also or consulate websites downloadable;

(5) Trade Officer or Commercial Assistant posted at commercial section in Pakistan Embassy, Kabul and at the Pakistan Consulate General in Kandahar shall issue the TAD for vehicles registered in Afghanistan. The Transport Attaché, Afghan Embassy at Islamabad, and Afghan Consulate General in Karachi, Quetta and Peshawar Pakistan shall issue the TAD for vehicles registered in Pakistan. The format of TAD is enclosed as Appendix IIIC.

(6) at the time of issuance of TAD, by Pakistani authorities, to approved transport operators of Afghanistan for an Afghan registered vehicle, the particulars of the vehicle shall be cross-verified with the details sent by the Directorate General of Transit Trade, Karachi;

(7) TAD shall be issued against payment of fee of US $ 100. The TAD fee collected by Pakistan Embassy or Consulates in Afghanistan shall be transferred to the account of Directorate General of Transit Trade on monthly basis. A bar code having all the details of the vehicles may be embossed on TAD;

(8) TAD shall be issued within five working days of receipt of applications;

(9) validity of TAD shall be 180 days (06 months) from the date of issue with the option of multiple entries with the maximum one time stay of 30 days in Pakistan and Afghanistan;

(10) statement of TADs issued by Pak Embassy and Consulates shall be finished to the designated focal person of Directorate of Transit Trade, Karachi on daily basis via email and Afghan side will develop same system on their side;

(11) TAD shall be valid for one vehicle at a time and only for the carrier to whom it was issued; it shall not be transferable to other carriers;

(12) any unauthorized entry or tampering in TAD shall render it void and invalid.

(13) Pakistan customs shall be entering each entry or exit journey on the back page of TAD; the same shall be done by Ministry of Transport and Civil Aviation Afghanistan;

(14) security and safety of the TAD in the home country shall be the responsibility of the transport operator. If the TAD is lost in the home county, the transport operator in whose name the TAD is issued shall first register an FIR and then apply for a new TAD by providing a copy of the FIR. The embassies or consulates shall inform the relevant authorities, to cancel that TAD in their record;

(15) security and safety of the TAD in the territory of the other contracting party shall be the responsibility of the driver of the vehicle. If the TAD is lost, the driver shall first register an FIR in the nearest Police station and shall inform the transport or customs authorities. For exit on the crossing points he shall provide the documentary proof of his lawful entry and copy of FIR lodged with the police. The embassies or consulates shall inform the relevant authorities, to cancel that TAD in their record;

(16) if the vehicle goes missing in the territory of Pakistan, the driver will immediately report the incident to the nearest police station and register the FIR. He shall submit the copy of FIR in the office of the nearest Customs Enforcement Collectorate. The transport operator in such cases will be liable to pay duties and taxes leviable on the goods as ascertained by Pakistan Customs. Similar procedure will be adopted by the other contracting party in their territory.

(17) the TAD will be valid for both bilateral and transit trade at following BCPs:-

(a) Torkham (transit and bilateral trade)

(b)

(c) Chaman (transit and bilateral trade)

(d) Ghulam Khan (transit and bilateral trade)

(e) Kharlachi (bilateral trade)

(f) Angoor Adda (bilateral trade)

The cabotage is not allowed. Any violation of this rule will result in black listing of the vehicle and cancellation of TAD.

(18) the respective Directorate of Transit Trade shall act as focal formation for TAD for transportation of transit as well as bilateral goods.

(19) The following documents shall be filed by the applicant transport operator for obtaining TAD:

(a) application form as per format given in Appendix IIIA and Appendix IIIB;

(b) expired TAD of the Vehicle (in original) this shall be required after 180 days of operationalization;

(c) copy of National ID Card or passport of the owner;

(d) copy of registration book of the vehicle;

(e) copy of license or authorization issued by Afghanistan Ministry of Transport to transport operators of Afghanistan for international carriage of goods or copy of license or authorization issued by Pak customs to transport operators of Pakistan for international carriage of goods;

(f) a valid fitness certificate shall be required for Afghan vehicles after every 180 days;

(g) picture of the vehicle for record purpose; and

(h) serially numbered authority letter issued by the

relevant transport operator.

(21) the contracting parties shall, in accordance with their respective laws, rules and regulations, grant multiple entry visa to the driver and one helper of the vehicle valid for a period of one year, each stay not exceeding 30 days. In exceptional circumstances the Ministries of Interior of the two countries will consider the request for extension of VISA after fulfilment of legal requirement.

482B. The arrangement prescribed through rule 482A is a temporary arrangement which will prevail till formalities under Afghanistan-Pakistan Transit Trade Agreement, 2022 are finalized and would cease to have effect from the date FBR notifies.

June 22, 2022
FBR appoints Dr. Faiz Illahi Memon as Member Admin

The Federal Board of Revenue (FBR) has appointed Dr. Faiz Illahi Memon, a seasoned officer of the Inland Revenue Service (IRS) with a rank of BS-22, as the Member Admin/Human Resource.
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June 20, 2022