FBR Excludes Trade Agreement Customs Concessions From Tax Expenditure Report 2026
The Federal Board of Revenue excludes custom duty concessions granted under FTAs and PTAs from its 2026 Tax Expenditure Report citing international treaty commitments.
Pakistan Extends Rs61 Billion in Tax Exemptions Under Trade Agreements to Boost Regional Commerce
Pakistan granted Rs61 billion in tax exemptions during FY2023–24 under various Free Trade and Preferential Trade Agreements, primarily benefiting imports from China, Malaysia, Indonesia, and Sri Lanka. The move aims to enhance trade competitiveness and regional integration, though experts caution that growing exemptions warrant stronger fiscal oversight.