FBR chief says government intends to abolish super tax

Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial said the government intends to completely abolish the super tax, after its rate was reduced by two percentage points. He said work had begun on gradually eliminating the tax while addressing industrialists at the Korangi Association of Trade and Industry (KATI) on Wednesday.

Langrial said the FBR would establish an office at KATI to address tax-related issues for industrialists in Korangi Industrial Area. The board would also consult stakeholders on shortcomings in the import of raw materials and expand its help desk from Karachi to Sukkur.

He said meetings would be held to address border trade problems faced by the leather industry. The FBR also discussed working with the pharmaceutical industry on a track-and-trace model similar to the one used by the Drug Regulatory Authority of Pakistan.

KATI President Sheikh Umer Rehan proposed a joint committee to resolve industrialists’ tax issues and improve coordination between institutions.