FBR Chairman Langrial hints at scrapping super tax

FBR Chairman Rashid Mahmood Langrial said on Wednesday that the government plans to end the super tax over time. Speaking to the Korangi Association of Trade and Industry, he noted that its rate had already been cut by two percentage points and that steps towards phasing it out had started.

Langrial also said the FBR plans to open an office at Kati to handle industrialists’ tax concerns, while expanding its help desk beyond Karachi to Sukkur. The board would consult stakeholders on raw-material imports and hold discussions on border trade issues affecting leather businesses; it is also considering a DRAP-like approach to improve the pharmaceutical industry’s Track and Trace System. Dawn reported that Kati’s president called for a joint committee to address tax issues and improve coordination.