Islamabad, Jan 23: The Federal Board of Revenue (FBR) has officially launched the process for compiling customs budget proposals for the fiscal year 2025-26.
This strategic initiative aims to involve key representatives from business and trade sectors to contribute their insights and recommendations, ensuring that the upcoming budget aligns with industry needs and economic goals.
In a recent communication, the FBR has extended an invitation to all relevant stakeholders to submit their suggestions.
Stakeholders should download these documents directly from the FBR’s official website.
The Customs Budget section will gather inputs from field formations nationwide, ensuring comprehensive data collection.
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Submit proposals by February 15, 2025. Early submissions will allow time for evaluation and integration into the final draft.
The Chief of Tariff & Trade in the FBR’s Customs wing oversees this initiative and supports this proactive approach to fiscal planning.
This process improves transparency and encourages collaboration, allowing the private sector to influence public financial management.
The request emphasizes the importance of active participation from various business communities, highlighting the role of these contributions in shaping effective and forward-thinking fiscal policies.
To streamline the submission process, the FBR has announced that detailed instructions and necessary forms will be accessible online.
The FBR’s commitment to incorporating a wide range of viewpoints underscores its dedication to robust economic governance and the strategic enhancement of Pakistan’s fiscal landscape.