Islamabad, December 21, 2024 – Following directives from Prime Minister Shehbaz Sharif, a high-level committee has been formed to devise a comprehensive taxation regime for the Newly Merged Districts (NMDs). The Federal Board of Revenue (FBR) announced the committee’s establishment on Saturday through an official notification. The committee includes a diverse group of representatives from government and industry to ensure a balanced and practical approach to transitioning the NMDs into the formal taxation system. The members of the committee are as follows: 1. Rana Sana Ullah Khan, Federal Minister for IPC and Adviser to the Prime Minister on Political and Public Affairs, as Convener. 2. Amir Muqam, Member of the National Assembly. 3. Minister of State for Finance and Revenue. 4. Chairman, Federal Board of Revenue. 5. Chief Secretary, Khyber Pakhtunkhwa. 6. Representative of Pakistan Association of Large Steel Production. 7. Representative of PVMA. 8. Zahidullah Shinwari, Former President of KPCCI. The committee’s Terms of Reference (TORs) are designed to address critical issues related to the taxation framework in these areas: 1. Formulating strategies to implement the recommendations of the steering committee on the Prime Minister’s Program for NMDs. 2.…