The Federal Board of Revenue (FBR) and the traders’ community have agreed to collaboratively review the valuation tables of commercial properties to determine the monthly advance tax to be collected from shops and retail outlets.

This decision was made during a meeting held at the FBR House on Monday, attended by a delegation from the All Pakistan Anjuman-i-Tajran, led by its President, Ajmal Baloch.

Following the meeting, Ajmal Baloch informed the media that the association had expressed its concerns regarding the current valuation tables and their impact on businesses nationwide.

In response, the tax authorities have agreed to establish a four-member committee, consisting of representatives from both the FBR and the traders, to address these concerns and review the valuation tables.

While the members of the joint committee have yet to be officially notified by the FBR, the willingness of the FBR to engage with the All Pakistan Anjuman-i-Tajran is seen as a positive step forward. Ajmal Baloch emphasized the importance of this development, noting that it reflects the FBR’s readiness to consider the traders’ perspectives.