FBR recommends setting up anti-smuggling and import substitution policies.

ISLAMABAD -- The Federal Bureau of Revenue (FBR) has recommended the concerned authorities in the government to formulate anti-smuggling and import substitution policies on the priority basis. Meanwhile, the government has directed the commerce ministry to prepare a long-term policy. The authorities have observed that the industrial policy should be prepared for the period of ten years to mitigate revenue losses resulting from import compression. Moreover, it has been considered that the import...