Pakistan has experienced a significant surge in wheat imports, totaling $1.05 billion during the period from July to April in the fiscal year 2022-2023.
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Thursday approved a summary for import of 550,000 metric tons of wheat for the fiscal year 2021/2022. Finance Minister Shaukat Tarin presided over the meeting of the ECC. The ECC approved the summary by the ministry of National Food Security and Research (NFS&R), regarding the […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday emphasized the importance of building strategic reserves of commodities in wake of evolving situation in Afghanistan. The committee discussed that the situation in Afghanistan may affect the prices in the domestic market. Federal Minister for Finance and Revenue, Shaukat Tarin, presided over the ECC […]
In a move to facilitate the import of essential commodities, the Federal Board of Revenue (FBR) issued a notification on Tuesday, exempting withholding income tax on the import of 300,000 metric tons of wheat.
ISLAMABAD: Federal Board of Revenue (FBR) soon to issue exemption from withholding tax on import of wheat in order to ensure availability of the commodity in the country. Omar Hamid, Secretary Ministry of National Food Security and Research (NFS&R), said while chairing a meeting on wheat import on Monday. He said that taxes and duties […]
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued notification to withdraw regulatory duty on import of wheat and other wheat products. The Revenue Division issued SRO 119(I)/2020 dated February 19, 2020 to amend SRO 680(I)/2019 to withdraw regulatory duty on import of wheat. The government imposed 60 percent regulatory duty on import of wheat, […]