ISLAMABAD: Federal Board of Revenue (FBR) has issued a SRO to impose regulatory duty at 5 per cent on import of polyester yarn despite protest by business community.
KARACHI: Yarn merchants have protested the levy of regulatory duty at 5 per cent on import of polyester filament yarn. Economic Coordination Committee (ECC) of the cabinet this week approved the imposition of regulatory duty at five per cent on import of polyester filament yarn. Pakistan Yarn Merchants Association (PYMA), while rejecting ECC decision to […]
ISLAMABAD: Pakistan has raised the rate of regulatory duty to 100 per cent on import of motor vehicles into the country. The Federal Board of Revenue (FBR) issued SRO 1571(I)/2022 to increase the rate of regulatory duty from 90 per cent to 100 per cent on import of motor vehicles. In order to apply the […]
KARACHI: Pakistan has decided to impose regulatory duty at 10 per cent from July 01, 2022. The country presented its federal budget 2022/2023 on June 10, 2022 and proposed increase on regulatory duty on various imported goods. READ MORE: Penalty amount revised for late filing income tax returns The Finance Bill, 2022 suggested levying 10 […]
ISLAMABAD: The Federal Board of Revenue (FBR) has exempted regulatory duty at the rate of 45 per cent on import of pine nuts (chilgoza) from Afghanistan. The FBR issued SRO 181(I)/2022 dated February 22, 2022 to allow the exemption. Through the latest SRO, the FBR amended the SRO 840(1)/2021 dated June 30, 2021. The FBR […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday announced a sharp increase in regulatory duty on import of new motor vehicles. The FBR issued SRO 157(I)/2022 to notify the increase in regulatory duty on motor vehicles from 15 per cent to 50 per cent. READ MORE: FBR issues updated rates of duty, taxes on […]
KARACHI: Pakistan Yarn Merchants Association (PYMA) has expressed serious concerns over reports suggesting imposition of regulatory duty on polyester yarns. Saqib Naseem, PYMA Central Chairman in a statement on Wednesday expressed deep concern over rumors circulating about lobbying for imposition of regulatory duty on imported polyester yarns by local manufacturers of polyester filament yarns. READ […]
KARACHI: The planned restrictions on automotive industry likely to increase the cost of motor vehicles and simultaneously to reduce the demand. According to analysts of Topline Securities on Auto Sector, the government is planning to introduce measures to control rising import bill of the country by imposition of increased duties on luxury items including cars. […]
The Federal Board of Revenue (FBR) has issued latest rates of regulatory duty applicable on import of motor vehicles into Pakistan. The rates are applicable from July 01, 2021. In order to apply the rates of the regulatory duty the FBR issued SRO 840(I)/2021 dated June 30, 2021. Following are the rates of regulatory duty […]
KARACHI: The Federal Board of Revenue (FBR) has slashed regulatory duty up to half on export of goods. The FBR issued SRO 843(I)/2021 dated June 30, 2021 to amend the SRO 645(I)/2018 dated May 24, 2018, which is related to regulatory duty on export of goods. According to the latest SRO the regulatory duty on […]