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Pakistan

Syed Raza Hassan
May 19, 2025

Cotton production hit by govt’s Export Facilitation Scheme

Cotton acreage has halved in the last decade — from 7.5 million acres to just 3.75 million — with Punjab’s Vehari district, once a top cotton producer, now almost barren of the crop.

Business

Web Desk Karachi
Feb 26, 2025

FBR withdraws export facilitation scheme for iron and steel scrap to combat tax evasion

According to tax experts, by excluding iron and steel scrap from the EFS, importers of compressors and motors will now be required to pay all applicable taxes during the import process, including customs duties, sales tax, and income tax.