Presidential Ordinance has proposed the FED on hydraulic cement imported or purchased locally by petroleum or energy sector companies or projects subject to the same conditions and procedures as are applicable for the purposes of exemption of customs duty. The FED would be charged on lubricating oil if supplied to Pakistan Navy for consumption in its vessels, sources said. The FBR would be collected on transformer oil if used in the manufacture of transformers supplied against international tenders to a project financed out of funds provided by the international loan or aid giving agencies, sources added.
Presidential Ordinance has proposed the FED on hydraulic cement imported or purchased locally by petroleum or energy sector companies or projects subject to the same conditions and procedures as are applicable for the purposes of exemption of customs duty. The FED would be charged on lubricating oil if supplied to Pakistan Navy for consumption in its vessels, sources said. The FBR would be collected on transformer oil if used in the manufacture of transformers supplied against international tenders to a project financed out of funds provided by the international loan or aid giving agencies, sources added.