ISLAMABAD: Federal Board of Revue (FBR) has appointed 2 focal persons of secretary level for China Pak Economic Corridor (CPEC) projects.
According to sources, FBR on the request of Ministry of Power and Electricity has appointed these focal persons. FBR also started implementation of withholding tax exemption on import under CPEC through Port Qasim (PQ).
As per details, FBR has appointed one focal person from Inland Revenue (IR) department while the other one from Customs department. Both of the officers will coordinate with the departments concerned for facilitation and resolve issues faced in CPEC projects on priority bases.
Sources further added, under CPEC projects, all imported items through Port Qasim will be exempted from withholding tax.
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