Gilgit-Baltistan Launches Online Tax Relief Registration for Traders

GILGIT: Gilgit-Baltistan Chief Minister Amjad Hussain inaugurated an online registration system on Saturday aimed at providing tax exemptions for traders importing goods from China via the Khunjerab Pass. This initiative, known as the Gilgit-Baltistan Traders Registration and Exemption System (GBTERS), was launched during a ceremony at the Chief Minister’s Secretariat, attended by key officials including Finance Minister Mohammad Ali Akhtar and Minister for Local Bodies Zulfiqar Ali Murad.

During his address, Chief Minister Hussain emphasized that the new online system would enhance transparency in the registration process, ensuring that local traders can benefit from the federal government’s tax exemption policy for imports through the Khunjerab Pass. He stated, “This initiative is designed to support our local traders and stimulate economic activity in the region, while also preventing any potential injustices in the process.”

The introduction of GBTERS is expected to significantly impact the local economy by facilitating smoother trade operations and encouraging more businesses to engage in cross-border commerce. The chief minister also announced plans to establish a trade-free zone in Gilgit, utilizing government resources to further bolster economic growth.

Looking ahead, the Gilgit-Baltistan government plans to monitor the implementation of this online system closely, with further developments expected to enhance trade facilitation and support for local businesses in the coming months.