Zero rating facility for export sector to remain intact: Hafeez Sheikh

ISLAMABAD, Jun 12 (APP):Adviser to Prime Minister on Finance, Dr Abdul Hafez Sheikh Wednesday dispelled an impression that the government has imposed taxes on the export items in the federal budget, saying, the duties would not be imposed on exports of products.

Addressing a post-budget press conference, Hafez Sheikh flanked with Federal Minister for Planning, Development and Reform Khusro Bakhtiar, Minister for Power Omar Ayub Khan, Minister of State for Revenue Hammad Azhar, Chairman Federal Board of Revenue (FBR) Syed Shabbar Zaidi, said that the zero-rating of exports would remain intact; however the exporters who were selling their commodities in local market would be taxed.