Pakistan decides 10% regulatory duty on petrol import

Jun 19

Budget 2022-2023, Finance, Pakistan Customs, Top stories

Pakistan decides 10% regulatory duty on petrol import

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 […]

by Hamza Shahnawaz

FBR exempts regulatory duty on Afghan pine nuts

Feb 22

Taxation, Top stories

FBR exempts regulatory duty on Afghan pine nuts

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 […]

by Mrs. Anjum Shahnawaz

Regulatory duty on motor vehicles increased to 50%

Jan 28

Automotive, Taxation, Top stories

Regulatory duty on motor vehicles increased to 50%

In a bid to curb the escalating import bill and foreign exchange outflow, the Federal Board of Revenue (FBR) unveiled a significant surge in regulatory duty on the import of new motor vehicles.

by Mrs. Anjum Shahnawaz

Yarn merchants appeal for not imposing regulatory duty

Dec 22

Trade & Industry

Yarn merchants appeal for not imposing regulatory duty

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 […]

by Faisal Shahnawaz

Restrictions to up motor vehicle cost, reduce demand

Dec 8

Automotive

Restrictions to up motor vehicle cost, reduce demand

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. […]

by Faisal Shahnawaz

Updated rates of regulatory duty on import of motor vehicles into Pakistan

Jul 9

Taxation

Updated rates of regulatory duty on import of motor vehicles into Pakistan

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 […]

by Mrs. Anjum Shahnawaz

Jul 7

Taxation

Regulatory duty on exports reduced

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 […]

by Mrs. Anjum Shahnawaz

New rates of regulatory duty on imported smart phones

Jul 3

Taxation

New rates of regulatory duty on imported smart phones

ISLAMABAD: Federal Board of Revenue (FBR) has notified new rates of regulatory duty to be imposed on imported mobile phones during. The FBR issued SRO 840(I)/2021 dated June 30, 2021 to notify regulatory duty on 599 tariff lines. Following are the rates of regulatory duty on mobile phone with effect from July 01, 2021: HS […]

by Mrs. Anjum Shahnawaz

Budget 2021/2022: Duty, taxes abolished on cars up to 850cc

Jun 11

Automotive, Budget 2021-2022, Taxation

Budget 2021/2022: Duty, taxes abolished on cars up to 850cc

ISLAMABAD: The government has announced abolishing duty and taxes on locally manufactured and imported cars with engine capacity up to 850cc to enable low earning families to afford motor vehicles. Finance Minister Shaukat Tarin while presenting federal #budget 2021/2022 on Friday announced duty and tax incentives for sale and import of motor cars with engine […]

by Mrs. Anjum Shahnawaz

FBR attributes export growth to incentives, facilitation

Jan 13

Taxation

FBR attributes export growth to incentives, facilitation

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said that the significant growth in export was mainly due to integrated strategy for duty and tax incentives and other facilitation. The FBR has devised an Integrated Strategy which has amply contributed to significant increase in exports of Pakistan from $1.6 billion (in August, 2020) to $2.4 […]

by Mrs. Anjum Shahnawaz