ISLAMABAD: Prime Minister Nawaz Sharif has taken notice of delay in giving duty/taxes exemption to the projects related to the China-Pakistan Economic Corridor (CPEC) and will call a meeting of the Ministry of Power and Electricity, and the Federal Board of Revenue (FBR) to resolve the matters, it is learnt here.
Sources said that the FBR has already informed the Ministry of Power and Electricity that the FBR has no authority to issue SRO to give exemption as for such exemptions cabinet committee approval is needed.
During the meeting, which will be called by PM, the matters of tax exemptions and issuance of SROs will also be discussed between FBR and the ministry. Later, the procedure will be sent to Economic Coordination Committee (ECC), they added.
The sources said that the FBR has appointed two secretary level officers to handle the matter regarding CPEC projects.
