Tax concessions on imports from seven countries have been announced by the Federal Board of Revenue, FBR, effective January 10, 2025, following the D-8 Preferential Trade Agreement. These countries are Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, and Turkey.
Also Read: Shehbaz Sharif Lauds Start of C-5 Nuclear Power Plant
Such concessions would form part of the D-8 Preferential Trade Agreement Rules of Origin, 2024. This is aimed at enabling trade facilitation, cutting costs to importers, and promoting D-8 goods. This investment would boost regional trade partnerships and promote economic cooperation among D-8 countries.