Business World

Pak-China MoU likely to curb corruption at ports


ISLAMABAD: Pakistan’s Ambassador to China, Naghmana Hashmi has been authorized to sign the memorandum of understanding on a draft prepared by Chinese Administration to jointly tackle under declarations and misdeclarations at customs ports of Pakistan.

This was announced by the Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Tuesday.

The decision comes at a time when the government is taking measures to control corruption within the customs department systematically.

The draft for the MoU, which was prepared by China’s State Administration of Taxes, will enable tax authorities from both Islamabad and Beijing to share data and learn from each other’s best practices.