• About
  • Advertise
  • Privacy & Policy
  • Contact
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC
No Result
View All Result
No Result
View All Result
Home Business

FBR reassures traders on tax-exempt imports for Gilgit-Baltistan, sets Rs4bn annual cap with strict oversight

by Sub News
December 30, 2025
FBR reassures traders on tax-exempt imports for Gilgit-Baltistan, sets Rs4bn annual cap with strict oversight
Share on WhatAppShare on XShare on Facebook

Islamabad, December 30, 2025: The Federal Board of Revenue (FBR) on Tuesday sought to allay concerns raised by traders, stakeholders, and trade bodies regarding the proposed procedure for granting federal tax exemptions on goods imported for exclusive consumption in Gilgit-Baltistan (GB), stating that a comprehensive and tightly monitored framework has been put in place to prevent misuse.

In an official clarification, the FBR said Gilgit-Baltistan enjoys a special constitutional status, under which key federal tax laws — including the Sales Tax Act, 1990, the Income Tax Ordinance, 2001, and the Federal Excise Act, 2005 — have not been extended to the region. In light of this status and following representations from the GB government and local traders, the federal government agreed that imports through the Sost Dry Port meant solely for consumption within GB would not be subject to these taxes at the import stage.

To ensure fiscal discipline and protect the interests of traders and businesses elsewhere in Pakistan, the FBR imposed a strict annual cap of Rs4 billion on tax-exempt imports for Gilgit-Baltistan.

The tax authority outlined several safeguards to operationalize the policy in a transparent and effective manner. Under the mechanism, the Government of Gilgit-Baltistan will allocate trader-wise quotas for tax-free imports, ensuring that the cumulative value remains within the approved annual ceiling.

Pakistan Customs, functioning under the FBR, has introduced a dedicated module in the Web-Based One Customs (WeBOC) system to register, debit, and monitor these quotas in real time. Once a trader’s quota is fully utilized, the system will automatically block further tax-exempt imports, and all applicable taxes will be levied in accordance with the law.

The FBR said the GB government has formally committed to ensuring that goods imported under the exemption regime are consumed strictly within the territory. In addition, Pakistan Customs has developed enforcement measures to prevent the movement of exempted goods from Gilgit-Baltistan to other parts of the country.

Strict penalties will apply in case of violations. Any diversion of tax-free goods outside GB will result in cancellation of trader quotas, confiscation of goods, and, where necessary, a reduction in the overall exemption limit.

The FBR also clarified that as the Customs Act, 1969 is applicable to Gilgit-Baltistan, all imports through the Sost customs station will continue to be subject to customs duties, including regulatory and additional customs duties, regardless of their intended use.

Reiterating its commitment to transparency and fair competition, the FBR said the framework is technology-driven, enforceable, and designed to prevent revenue leakage. It assured the business community nationwide that the exemption regime would not adversely affect legitimate trade or market competition.

The FBR emphasized that the policy is a targeted facilitation measure intended solely to support the people and economy of Gilgit-Baltistan, while safeguarding national revenue and the interests of traders across Pakistan.

Tags: Customs Act 1969FBRFederal Board of RevenueGBGilgit BaltistanIslamabadPakistanSales Tax ActTax exemptionstradersWeb-based one customsWeboC
Previous Post

Election tribunal dismisses PTI’s petition against Nawaz Sharif’s NA-130 victory

Next Post

Israeli strikes continue across Gaza amid alleged ceasefire violations as winter rains deepen humanitarian crisis

Related Posts

Ishaq Dar stresses timely relief for taxpayers
Business

Ishaq Dar stresses timely relief for taxpayers

Islamabad, October 26,2026: Deputy Prime Minister and Foreign Minister Senator Mohammad Ishaq Dar on Monday emphasised the need for speedy...

by Sub News
October 26, 2026
FPCCI urges immediate launch of Islamabad Safe Milk City pilot
Business

FPCCI urges immediate launch of Islamabad Safe Milk City pilot

Islamabad, October 26,2026: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called for the immediate launch of...

by Sub News
October 26, 2026
Iran says border with Pakistan remains open, no curbs on exports
Diplomatic

Iran says border with Pakistan remains open, no curbs on exports

Islamabad, October 25,2026: Iran has clarified that its border with Pakistan remains open and there are no restrictions on exports...

by Sub News
October 25, 2026
Pakistan tourism, sports and family festival to be held in Islamabad from November 6
Business

Pakistan tourism, sports and family festival to be held in Islamabad from November 6

Islamabad, October 25,2026: The 2nd Pakistan Tourism, Sports & Family Festival 2026 will be held at the Pakistan Sports Complex,...

by Sub News
October 25, 2026
Next Post
Israeli strikes continue across Gaza amid alleged ceasefire violations as winter rains deepen humanitarian crisis

Israeli strikes continue across Gaza amid alleged ceasefire violations as winter rains deepen humanitarian crisis

Breaking News

  • Cricket stars hail Pakistan’s dramatic win over England
  • Haris backed Pakistan to beat England, Shadab credits teammate for crucial review
  • Harry Brook reunites with Lahore Qalandars in Lahore
  • Romanian Ambassador meets Governor Punjab to discuss bilateral cooperation
  • Saim Ayub released from Pakistan squad, Farhan named replacement
Sub News

© 2026 subnewsenglish.com

Navigate Site

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • World
  • Diplomatic
  • Sports
    • Cricket
  • National
  • Business
  • Crime & Justice
  • Entertainment
  • Lifestyle
  • Environment
    • CPEC

© 2026 subnewsenglish.com

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.