Overview
- Under the deal, Sales Tax, Income Tax and Federal Excise Duty are waived on Sost imports for local use by GB resident-owned firms authorised by the regional government.
- The relief is capped at Rs4 billion annually on a first-come, first-served basis, reviewed every two years, with an FBR SRO due within 30 days and a GB focal body to publish details.
- Trade leaders said about 300 containers stuck at the dry port should be cleared within two days as processing resumes.
- Organisers from the Tajir Ittehad Action Committee and the GB Supreme Council voiced reservations and warned they will reconvene if the SRO is delayed or the terms are diluted.
- The protest began in July over federal taxation and suspended customs clearance and had halted traffic on the Karakoram Highway, stranding passengers and disrupting millions of dollars in trade.