In a significant move to enhance transparency and expedite trade, the Federal Board of Revenue (FBR) has issued Customs General Order (CGO) No. 03 of 2026. This order introduces a revamped Centralised Customs Examination (CEU) system for the major collectorates in Karachi, including Appraisement East, West, and SAPT. The new system is designed to eliminate […]
Export Facilitation Scheme (EFS): Transforming Trade for Over 1,500 Exporters
The Export Facilitation Scheme (EFS) represents a significant step forward in bolstering the export sector by offering tax and duty-free imports to eligible exporters. With over 1,500 businesses benefiting from this initiative, the scheme aims to enhance global competitiveness, reduce operational costs, and promote sustainable economic growth. Understanding the Export Facilitation Scheme The Export Facilitation […]
FBR Declares Karachi as Pakistan’s Leading Tax Contributor in FY2024
Karachi, Pakistan’s economic hub and largest city, has once again cemented its position as the Pakistan’s leading tax contributor for the fiscal year 2024. According to the Federal Board of Revenue (FBR), the city’s dynamic economic activities and diverse business ecosystem have made it the backbone of Pakistan’s tax revenue generation. Karachi’s Dominance in Tax […]