The government will allow the re-export of oil from foreign suppliers
Islamabad: The federal government has announced plans to allow the import, local sale and re-export of petroleum products facilitated by foreign suppliers. This decision, aimed at streamlining trade procedures, includes amendments to the Customs Rules, 2001 by introducing the Customs Facilitation Rules, 2024. The Federal Board of Revenue (FBR) has initiated amendments to the Customs Rules, 2001, incorporating the Customs Bond Facilitation Rules, 2024, according to documents available to The Express Tribune. Stakeholders are currently being consulted, and a 15-day window is being provided for views, suggestions and objections. Any submissions beyond this time frame will not be considered, with
