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FBR revises export facilitation scheme, requires six-monthly statements

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An undated image of the Federal Board of Revenue building in Islamabad. — APP/FileISLAMABAD: The Federal Board of Revenue has amended the Export Facilitation Scheme , requiring users to submit a six-monthly reconciliation statement to prevent misuse of the export…

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Govt eyes introducing daily fuel price adjustment mechanism

Vehicles lined up at the Pakistan State Oil petrol pump in this undated photo. — Online/FileCurrently, petroleum prices are revised on weekly basis.PM-formed committee prefers daily pricing mechanism. Model expected to be hybrid system rather than deregulation.

ISLAMABAD:…