Pakistan, Aug. 5 -- The Federal Board of Revenue (FBR) has introduced a new Sales Tax General Order imposing a sales tax of Rs5 per unit of electricity on selected companies in Pakistan's steel industry. The measure aims to improve tax collection, strengthen documentation and increase transparency within the sector through a more efficient taxation mechanism.

Under the new system, electricity distribution companies will collect the additional Rs5 per unit sales tax through the monthly electricity bills of the affected companies. The FBR believes linking tax collection with electricity consumption will simplify the process and improve compliance among businesses operating in the steel sector.

The new levy will apply only to selected stee...