, Jan. 25 -- National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Sunday said the authority is prioritising trade facilitation, quicker cargo clearance and greater transparency through a broad set of customs reforms.

The ultimate objective is to simplify procedures for compliant taxpayers while taking strict action against misdeclaration, under-invoicing and other forms of revenue leakage, he said at a meet-the-press programme ahead of International Customs Day.

A major reform initiative is underway to bring discipline to customs valuation with assessments to be conducted mainly on the basis of invoice value.

As part of this effort, a risk-based physical examination system is nearing completion.

"If we can operationalise t...