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Tag: customs duty

Millat Tractors Limited

Updated Customs Duty Rates on Import of Agriculture Tractors Effective July 1, 2026

June 22, 2026June 22, 2026Faisal Shahnawaz

FBR revises customs duty structure for imported agricultural tractors under Finance Bill 2026

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mobile phone import policy in Pakistan

FBR Updates Customs Duty Rates on Smartphones Effective from July 1, 2026

June 20, 2026June 20, 2026Hamza Shahnawaz

No increase in tariffs on imported smartphones as government maintains policy continuity for tech sector ISLAMABAD: The Federal Board of Revenue (FBR) has confirmed revised customs duty arrangements for smartphones, stating that there will be no increase in tariffs on imported devices effective from July 1, 2026, under the Finance Bill 2026.

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trade and idustries in world

Pakistan Proposes Reduction in Customs Duty on Raw Material Imports

June 18, 2026June 18, 2026Faisal Shahnawaz

Government plans to reduce customs duty rates on 92 tariff lines, introduce new PCT codes, and facilitate industrial growth through lower import costs.

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Pakistan Finance Bill 2026

Finance Bill, 2026: Salient Features of Customs Duty

June 13, 2026June 13, 2026Hamza Shahnawaz

The Federal Board of Revenue (FBR) has issued salient features explaining major changes in customs duty through the Finance Bill, 2026.

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Budget FY 2026-27

Pakistan Budget 2026–27: Major Customs Duty Reforms Announced for Trade Boost

June 12, 2026June 12, 2026Faisal Shahnawaz

Government unveils sweeping tariff cuts, regulatory simplification, and enforcement reforms under National Tariff Policy 2025–30

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pakistan customs

Pakistan caps customs duty at 15%, reduces duty slabs to four

May 16, 2025May 16, 2025Shahnawaz Akhter

Islamabad, May 16, 2025 – In a bold step towards comprehensive trade and economic reform, the Government of Pakistan has announced a sweeping overhaul of its Customs tariff structure by capping the maximum customs duty at 15% and reducing the number of duty slabs to four.

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pakistan customs

Salient Features of Customs Duties in Finance Bill 2024

June 12, 2024June 12, 2024Shahnawaz Akhter

Islamabad, June 12, 2024 – Federal Board of Revenue (FBR) has issued salient features of customs duties introduced through the finance bill 2024.

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Petrol-02

FBR Achieves Rs 722 Billion in Revenue from Petroleum Duties and Sales Tax in FY23

December 2, 2023December 2, 2023Shahnawaz Akhter

Karachi, December 2, 2023 – The Federal Board of Revenue (FBR) has successfully garnered Rs 722 billion through customs duty and sales tax on the import and supply of petroleum products during the fiscal year 2022-2023.

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pakistan customs

Customs Duty Collection Drops by 7.8% in FY23 on Falling Imports

November 28, 2023November 28, 2023Shahnawaz Akhter

Karachi, November 28, 2023 – The Federal Board of Revenue (FBR) has reported a 7.8 percent drop in customs duty collection during fiscal year 2022-23, attributing the decline to challenges arising from falling imports.

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pakistan customs

Complete details of amendments made to Customs Act through Finance Bill 2023

June 9, 2023June 9, 2023Shahnawaz Akhter

Islamabad, June 9, 2023: Finance Bill, 2023 has proposed amendments to Customs Act, 1969, according to Pakistan Budget 2022-23 released on Friday.

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  • FBR waives late return surcharge for individuals filing special undertaking
  • Finance Act 2026 cracks down on fake tax credit claims with 100% penalty
  • SBP to share high-risk banking data with FBR
  • Finance Act, 2026 empowers FBR with direct access to high-value bank account data
  • FBR imposes additional 30% regulatory duty on commercial imports of used vehicles
  • FBR notifies revised regulatory duty rates for FY2026-27 imports
  • FBR notifies new additional customs duty rates for FY2026-27 imports
  • FBR notifies procedure for collection of special excise duty on imported goods
  • FBR achieves historic Rs13 trillion annual tax collection milestone in FY2025-26
  • MTO Karachi posts record Rs42.21bn tax collection in June 2026
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