{"id":55204,"date":"2019-09-14T10:00:21","date_gmt":"2019-09-14T05:00:21","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=55204"},"modified":"2019-09-13T16:57:42","modified_gmt":"2019-09-13T11:57:42","slug":"fbr-update-measurement-units-ease-doing-business","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-update-measurement-units-ease-doing-business.html","title":{"rendered":"FBR to update measurement units for ease of doing business"},"content":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) Chairman Shabbar Zaidi directed the taxation agency to update the Units of Measurement (UoM) for facilitating ease of doing business and trade, a news source reported.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-reveals-ease-doing-business-roadmap-petroleum-sector.html\" target=\"_blank\" rel=\"noopener noreferrer\">Govt reveals \u2018ease of doing business\u2019 roadmap for petroleum sector<\/a><\/p>\n<p>The FBR issued a statement last week that they would complete the task within a week\u2019s time. The board would notify the new UoM and address the difficulties faced by the <a href=\"https:\/\/www.zameen.com\/news\/pm-directs-fbr-record-interactions-traders.html\" target=\"_blank\" rel=\"noopener noreferrer\">importers and exporters<\/a> in this matter.<\/p>\n<p>The taxation body aims to make the UoM uniform with the guidelines of the World Customs Organisation (WCO). This move would ensure that the national trade data conforms with the international standards.<\/p>\n<p>The uniformity of the UoM will help with:<\/p>\n<ul>\n<li>Collection of trade data<\/li>\n<li>Comparison and analysis of trade statistics<\/li>\n<li>Simplifying the process of assessment to ensure speedy clearance of goods<\/li>\n<\/ul>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/boi-expects-pakistans-ease-of-doing-business-ranking-to-improve.html\" target=\"_blank\" rel=\"noopener noreferrer\">BoI expects Pakistan\u2019s \u2018Ease of Doing Business\u2019 ranking to improve<\/a><\/p>\n<p>FBR had last notified the standard UoM in 2012. Once the board issues the new Custom General Orders (CGO), all field formations of the Customs would be obligated to adopt the new UoM as notified. Similarly, importers, shipping agents, and clearing agents would fill the invoices and other documents accordingly.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) Chairman Shabbar Zaidi directed the taxation agency to update the Units of Measurement (UoM) for facilitating ease of doing business and trade, a news source reported. Read:\u00a0Govt reveals \u2018ease of doing business\u2019 roadmap for petroleum sector The FBR issued a statement last week that they would complete the task within a week\u2019s time. The board would notify the new UoM and address the difficulties faced by the importers and exporters in this matter. The taxation body aims to make the UoM uniform with the guidelines of the World Customs Organisation (WCO). This move would ensure that the national trade data conforms with the international standards. The uniformity of the UoM will help with: Collection of trade data Comparison and analysis of trade statistics Simplifying the process of assessment to ensure speedy clearance of goods Read:\u00a0BoI expects Pakistan\u2019s \u2018Ease of Doing Business\u2019 ranking to improve FBR had last notified the standard UoM in 2012. Once the board issues the new Custom General Orders (CGO), all field formations of the Customs would be obligated to adopt the new UoM as notified. Similarly, importers, shipping agents, and clearing agents would fill the invoices and other documents&hellip;<\/p>\n","protected":false},"author":68,"featured_media":26795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12979],"persona":[],"class_list":{"0":"post-55204","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-fbr-to-update-measurement-units-for-ease-of-doing-business"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to update measurement units for ease of doing business - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federal Board of Revenue (FBR) Chairman Shabbar Zaidi directed the taxation agency to update the Units of Measurement (UoM) for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-update-measurement-units-ease-doing-business.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to update measurement units for ease of doing business - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federal Board of Revenue (FBR) Chairman Shabbar Zaidi directed the taxation agency to update the Units of Measurement (UoM) for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-update-measurement-units-ease-doing-business.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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