ISLAMABAD: Pakistan Business Council (PBC) has expressed serious concern over Federal Board of Revenue’s (FBR) decision to terminate the satellite tracking of transit cargo containers destined for Afghanistan. In a communication to Chairman FBR Rashid Mahmood Langrial, the PBC stated that it is with deep concern that we learn of the FBR’s decision to terminate the satellite tracking of transit cargo containers destined for Afghanistan. Reliance on Customs resources to physically monitor movement and placing tracking devices in prime mover trucks instead of on the containers will enhance the risk of cargo diversion. Misuse of the transit trade arrangements causes loss of tax revenue, undermines local industry, and impacts employment. On several occasions, the Pakistan Business Council has recommended measures to reduce the incidence and magnitude of diversion. This included tracking containers beyond the Pakistan/Afghanistan border and verifying that returning…