Duty-free raw material imports rise to 40% as Pakistan advances tariff reforms
Economic Survey 2025-26 highlights increased duty-free imports and sweeping tariff reductions aimed at boosting exports and industrial competitiveness
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Tag: raw material
NKATI condemns artificial raw material shortage
KARACHI: North Karachi Association of Trade and Industry (NKATI) has expressed concerns over the severe shortage of industrial raw material that was artificially created by local producers.
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FBR urged to allow tax holiday on import of industrial raw material
KARACHI: Federal Board of Revenue (FBR) has been urged to allow tax holiday to import of industrial raw material in order to help the country to fetch much needed foreign exchange through enhanced exports. Karachi Chamber of Commerce and Industry (KCCI) in its proposals for budget 2020/2021 submitted to the FBR, said that Pakistan’s exports […]
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Procedure to avail reduced income tax rate on import of raw material
KARACHI – The Federal Board of Revenue (FBR) has introduced a streamlined procedure for taxpayers to apply for the reduced rate of withholding income tax on the import of raw materials through the online system, Iris.
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