PM directs independent third-party audit of customs-bonded warehouses

ISLAMABAD -- Prime Minister Muhammad Shehbaz Sharif has directed that an independent three-year third-party audit of customs bonded warehouses across the country.

He was chairing a meeting regarding the Federal Board of Revenue in Islamabad today.

Shehbaz Sharif said there is no room for any irregularity in customs bonded warehouses. He said strict action be taken against officials found involved in any irregularity or illegal activity in accordance with the law.

The meeting was briefed on customs bonded warehouses and Inland Revenue enforcement.

It was informed that, on the Prime Minister’s direction, physical stock verification of customs bonded warehouses would be carried out across the country.

The meeting was informed that measures are being taken to ensure licensing and security of customs bonded warehouses.