FBR to evaluate imported auto parts on unit basis.

LAHORE -- The Federal Board of Revenue (FBR) has agreed to evaluate imported automotive parts on unit basis for the purpose of charging customs duty and other taxes on these, replacing the current method of clearing the items on the basis of their weight.

The Pakistan Association of Automotive Parts and Accessories Manufacturers (Paapam) has appreciated the move and said it would bring additional tax revenues of billions of rupees to the government besides saving thousands of jobs.

The decision was made after a Paapam delegation met officials at the Directorate of...