Amended Finance Bill to boost exports: FBR

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Amended Finance Bill to boost exports: FBR

Federal Board of Revenue (FBR) says steps announced in Amended Finance Bill maintains a relief of 6.8 billion rupees, which will be helpful to increase exports and decrease imports of the country.

Briefing the news men in Islamabad, the officials of FBR said that in order to facilitate exporters, especially small and medium enterprises, significant changes are being made in the Exports-oriented Schemes.

They said in order to encourage green field investment and industrialization, sales tax on imported plant and machinery for setting up new industry for production of taxable goods is being exempted.