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PM directs FBR to reduce FED on ghee, steel units in tribal areas from 17pc to 7pc

PM directs FBR to reduce FED on ghee, steel units in tribal areas from 17pc to 7pc

ISLAMABAD: The Prime Minister Office has issued directive to the Federal Board of Revenue (FBR) to reduce federal excise duty (FED) on the ghee manufacturing and steel units established in newly merged districts of erstwhile Federally Administered Tribal Areas (Fata), from 17 percent to 7 percent under the proposed rules and policy.

The directive was given after Standing Committee on Commerce and Textile Industry Chairman Mirza Muhammad Afridi wrote a letter in that regard.

According to media, while referring to a meeting held with the parliamentarians belonging to Khyber-Pakhtunkhwa, appealed to the prime minister to review the 17% FED imposed on ghee and steel units.

The letter stated that people of tribal areas were not against the FED and wanted to contribute their share in the tax revenue, but the 17 percent tax would create problems for them. It was requested that the tax should be reduced to 7 percent and then increased gradually. Otherwise, business activities in the region will be affected and it will have a negative impact on the people.