Pakistan’s Federal Board of Revenue (FBR) has agreed to slash sales tax on domestic sales of five zero-rated industries, including leather.

FBR chairman Salman Siddique will reduce sales tax on domestic sales of five zero-rated industries – textiles, leather, carpets, surgical instruments and sports goods to a uniform rate of 5%. In addition, the government may also cancel sales tax on the import of machinery, Mr Siddique said.

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