FBR abolishes regulatory duty, ACD on various imported goods

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday abolished regulatory duty and additional customs duty on various raw materials used by textile industry. The FBR issued SRO 1043(I)/2020 dated October 13, 2020... Read more »

FBR abolishes regulatory duty on wheat import

ISALAMABAD: Federal Board of Revenue (FBR) on Tuesday abolished regulatory duty on import of wheat in order to bring down domestic price of the commodity. The FBR issued SRO 633(I)/2020 in order... Read more »

ECC decides to abolish regulatory duty on smuggling prone items

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) has decided to abolish regulatory duty on smuggling prone items. In a meeting held on Thursday chaired by Adviser to the Prime Minister on... Read more »

FBR allows Rs9.4 billion regulatory duty exemption on vehicle import

ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemption from regulatory duty to the tune of Rs9.4 billion on import of vehicles during outgoing fiscal year. According to official documents, the revenue... Read more »

Regulatory duty must be rationalized to curb smuggling: Karachi Chamber

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged tax authorities to rationalize the regulatory duty on imported goods in order to curb smuggling. In its proposals for budget 2020/2021, the... Read more »

FBR urged to reduce regulatory duty on lighting fittings

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce regulatory duty on lighting fittings in alignment with LED bulbs and LED tubes. The Overseas Investors Chamber of Commerce and Industry... Read more »

FBR proposed to review regulatory duty regime to promote domestic industry

KARACHI: Business community has urged the Federal Board of Revenue (FBR) to review existing regulatory duty regime in order to promote domestic industry. Pakistan Business Council (PBC) in its budget proposals 2020/2021... Read more »

FBR collects Rs71.21 billion as regulatory duty in last fiscal year

KARACHI: The customs authorities have collected Rs71.21 billion as regulatory duty during fiscal year 2018/2019, said Federal Board of Revenue (FBR) in a report released recently. The collection of regulatory duty increased... Read more »

FBR withdraws 40% regulatory duty on sugar import

ISLAMABAD: The government has withdrawn 40 percent regulatory duty on import of sugar and sugar products. Read more »

Regulatory duty on wheat import withdrawn; SRO issued

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued notification to withdraw regulatory duty on import of wheat and other wheat products. Read more »