ISLAMABAD: Special Assistant to Prime Minister on Youth Affairs Usman Dar along with delegation of Sialkot Chamber of Commerce & Industry met with Chairman Federal Board of Revenue (FBR) Asim Ahmad here on Wednesday at FBR Headquarters. The delegation put forth proposals to Chairman FBR for consideration in the forthcoming budget 2021-22.
The delegation apprised the Chairman about the issues being faced by the business community of Sialkot. The matters relating to the sales tax and income tax (withholding tax) on electricity bills in Sialkot Export Processing Zone (SEPZ) was discussed in the meeting. Further, the delegation also proposed to further simplify the procedure through WEBOC system. The delegation discussed proposals for Export Processing Zone, Sialkot and requested consideration in the coming budget.
Chairman FBR was assisted by Member Customs Operations, FBR and officers of IR Policy Wing. The Chairman FBR assured redressal of issues raised by the representatives of Sialkot Chamber of Commerce and consideration of proposals in the coming budget.
Meanwhile, Chief Executive, Pakistan Textile Council and delegation of Lucky Cement Group met with Chairman Federal Board of Revenue (FBR) here on Wednesday at FBR Headquarters. The delegation put forth proposals to Chairman FBR for consideration in the forthcoming budget 2021-22.
The delegation apprised the Chairman about the issues relating to minimum turnover tax, advance tax on imports and inter corporate tax on dividends. Simplification and facilitation of export promotion schemes was also discussed in the meeting.
Chairman FBR was assisted by Member Customs Policy, FBR and his team. The Chairman FBR assured due consideration of issues raised by the delegation in the forthcoming budget.
Meanwhile, the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), in collaboration with the Federal Board of Revenue (FBR) organized a webinar on Pakistan Single Window (PSW) program at their countrywide offices on June 1, 2021.
The PSW program is a major reform initiative led by Pakistan Customs that aims to transform the management of imports, exports, transit trade and related logistics. The program includes re-engineering of processes and automation of dozens of regulatory agencies to reduce regulatory compliance costs and complications.
The webinar was part of the PSW’s outreach plan to create awareness among stakeholders before launch of its first module related to subscription in June 2021. Under this module traders and users will be able to avail electronic subscription and registration facility without needing to visit any government department. This will be followed by other 6 major releases by PSW in the current year to facilitate cross border trade and enhance government controls while integrating other government agencies. It is pertinent to mention that the government has promulgated the Pakistan Single Window Act, 2021 to ensure smooth operations of PSW.
The PSW implementation team attended the webinar and explained salient features of the new system to familiarise the participants with this system. The president of FPCCI Mian Nasir Magoon and other participants appreciated efforts of Pakistan Customs to facilitate trade.