Overview
- Prime Minister Shehbaz Sharif, who chaired an FBR review on Tuesday, ordered an independent third‑party audit of customs‑bonded warehouse records for the past three years.
- He also directed a countrywide physical stock verification and valuation testing of warehouse inventories to confirm quantities and declared values.
- The government ordered reviews of customs IT systems, including the We‑BOC platform used to monitor petroleum consignments, and steps to strengthen licensing and security at bonded sites.
- The prime minister warned that officials found involved in irregularities or illegal activity will face prompt legal action under the law.
- Senior ministers and the State Bank governor were briefed and assigned implementation roles, a move that could change licensing, enforcement and daily procedures for importers and warehouse operators and may trigger prosecutions if discrepancies are found.