The business community of Pakistan has raised concerns over the Federal Board of Revenue’s (FBR) decision to increased its service charges to nearly double what it was charging earlier on the clearance of imported items and goods. As per details, the service charges on goods clearance were doubled under the Pakistan Automated Clearance System (PACS) and the Web Based One Customs (WeBOC). Experts have expressed reservations and said it would negatively impact goods trade because the cost of imported goods, including raw material and would surge.
Following the revision of the service charges on the clearance of a goods declaration (GD) have gone up from Rs250 to Rs500. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) former president Zubair Malik while talking about the revised policy of FBR has pointed out that this move will badly damage the industrial sector as the cost of goods production was already high.
“The production cost of Pakistani goods will also increase due to which locally produced goods will become uncompetitive in the international market,” he said. According to a source, the finance ministry had declined the FBR a payment of $600,000 monthly on account of token money for Agility International for the PACS software, advising it to arrange such funds on its own.
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22 July, 2019