Staff Report
KARACHI: Iftikhar Ali Malik, Former President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the Tariff Base System (TBS) for the auto sector and hoped that it would be able to comply with the requirements of WTO.
According to a statement on Wednesday, the admired the auto vision of Prime Minister Shaukat Aziz, which would expand the engineering base of the country.
Mr. Malik said that there is a need to improve the understanding of the system at local dry ports because with the computerized system certain new complications have propped up.
The PRAL system cannot automatically adjust the changes introduced by the Board on the local collectorate such as extension in bonding period, change in duties etc. He requested the CBR to integrate the computerized system to ensure smooth working of the new system