Erstwhile FATA, PATA: FBR notifies lower sales tax rates for steel units
ISLAMABAD: The steel melters and composite units operating in erstwhile tribal areas using local remeltable scrap shall pay reduced rate of sales tax at the rate of Rs20 electricity unit consumed. The FBR has issued an SRO 1664(1)/2026 to amend SRO1245(1)/2026 here on Friday. The steel re-rollers whether consuming imported or local raw material for manufacture of steel bars shall pay sales tax at…
The Federal Board of Revenue (FBR) has announced reduced sales tax rates for steel melters and composite units operating in the erstwhile tribal areas of FATA and PATA. Units utilizing local remeltable scrap will now pay a sales tax rate of Rs20 per electricity unit consumed. Previously, the rate was Rs30 per electricity unit. Steel re-rollers, regardless of whether they use imported or local raw materials, will pay a sales tax rate of Rs20 per electricity unit consumed.
This concession applies to both newly established and re-initiated businesses within the specified regions. The criteria for eligibility for the lower rate of Rs5 per electricity unit will be determined based on quarterly imports or purchases for newly established and re-initiated businesses.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
