Trends - customs duty - Business Recorder

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Border & transit trade: PM orders tighter customs-duty monitoring

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday ramped up his efforts to tackle corruption and inefficiency...

Published 04 Dec, 2025 06:04am

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POL sector leads Customs duty amid import reliance

ISLAMABAD: The petroleum, oil and lubricants (POL) sector remained the largest contributor to Customs Duty during...

Updated 10 Nov, 2025 08:45am

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Duties were temporary steps to curb imports: FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has announced that Regulatory duties and Additional Customs duties...

Updated 19 Sep, 2025 09:21am

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FED not a tax, rules FBR

ISLAMABAD: The Federal Board of Revenue (FBR) has given a ruling that the Federal Excise Duty (FED) applicable to a...

Updated 10 Sep, 2025 09:29am

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Duty drawback recovery from ghee exporters: SC dismisses plea of Collector Customs

ISLAMABAD: The Supreme Court on Tuesday dismissed an appeal of the Collector of Customs about the recovery of duty...

Updated 03 Sep, 2025 08:53am

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Sugar imports by TCP: IMF approves 47% taxes, duty relief; panel told

FBR says IMF had endorsed govt decision to waive levies for public sector imports

Updated 03 Sep, 2025 12:15pm

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Duty relief on 479 items’ import scrapped

ISLAMABAD: The Federal Board of Revenue (FBR) has withdrawn customs duty exemption on the import of 479 items...

Updated 31 Jul, 2025 09:17am

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Senate’s functioning: lawmakers express concern over IHC ‘interference’

ISLAMABAD: The lawmakers from different political parties from the two sides of the aisle in the Upper House of the...

Updated 26 Jul, 2025 07:44am

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Sugar price hike: PAC unhappy with FBR, ministry’s briefings

ISLAMABAD: The Public Accounts Committee (PAC) on Wednesday expressed dissatisfaction with briefings from both the...

Published 24 Jul, 2025 06:19am

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Sugar import to spike import bill by $280m

ISLAMABAD: The government’s decision to import 0.5 million tons of sugar will spike the import bill by $275-280...

Published 12 Jul, 2025 05:50am

Business & Finance

500k MT sugar import: FBR exempts customs duty, reduces sales tax from 18% to 0.25%

ISLAMABAD: The Federal Board of Revenue (FBR) has exempted customs duty on the import of 500,000 metric tons of...

Updated 09 Jul, 2025 09:58pm

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Chinese polystyrene: NTC imposes 21pc anti-dumping duties

ISLAMABAD: The National Tariff Commission (NTC) has imposed anti-dumping duties of up to 21% on imports of...

Updated 26 Jun, 2025 09:18am

Business & Finance

PYMA slams duty structures, policy ambiguities in federal budget

KARACHI: Muhammad Saqib Goodluck, Chairman of The Pakistan Yarn Merchants Association (PYMA), has risen significant...

Published 23 Jun, 2025 05:45am

Business & Finance

Pakistan reveals National Tariff Policy draft, aims to eliminate RDs, ACDs in 5 years

The federal government has unveiled the draft for the National Tariff Policy (NTP) 2025–30 at the Regulatory Reforms...

Published 18 Jun, 2025 01:36pm

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Tariff Policy: a bold step towards trade liberalization

The federal government has approved the National Tariff Policy (NTP) 2025–30, a transformative step toward trade...

Updated 26 May, 2025 07:22am

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More snakes than ladders

If you're a skeptic tempted to file the National Tariff Policy under “never gonna happen,” you’re in sober...

Published 26 May, 2025 05:56am

Business & Finance

Auto parts makers concerned over 15pc proposed duty

ISLAMABAD: Auto parts manufacturers expressed concerns that the proposed 15 percent customs duty could have a...

Published 23 May, 2025 06:12am

Business & Finance

Experts for imposing FED on alcoholic beverages

ISLAMABAD: The government can easily generate handsome amount of revenue to the tune of billions by imposing federal...

Published 22 May, 2025 06:56am

Business & Finance

Budget 2025–26 to kick off first phase of National Tariff Policy 2025–30

The first phase of the government reduction plan to lower import duties under the National Tariff Policy 2025-30...

Published 20 May, 2025 02:02pm

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Pakistan’s tax revenue projected at 12.6% of GDP

ISLAMABAD: Total tax revenue is projected at 12.6 percent of the gross domestic product (GDP) for 2024-25 against...

Updated 19 May, 2025 09:44am

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Imports under HS Codes 3402.1300 and 3402.1190: SC dismisses petition seeking zero duty

ISLAMABAD: The Supreme Court dismissed a petition seeking zero per cent customs duty on the import of items under HS...

Updated 02 May, 2025 09:29am

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1HFY25 direct tax collection rises 29.4pc YoY

ISLAMABAD: The collection of direct taxes has shown an increase of 29.4 percent during first six months of 2024-25...

Updated 27 Mar, 2025 03:13pm

Business & Finance

Medical devices, pharmaceuticals: FPCCI proposes reduction in customs duty on raw materials

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed a reduction in customs...

Published 25 Feb, 2025 07:48am

Business & Finance

FCAS-based Rs96.3bn duty collected in Jan

KARACHI: The Southern Region of Customs Appraisement has collected Rs 96.3 billion customs duty through the Faceless...

Published 02 Feb, 2025 02:58am

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Goods declaration processing: ‘Faceless assessment system reduces time’

KARACHI: Chief Collector Customs Appraisement, Jamil Nasir, announced that the newly implemented faceless assessment...

Published 23 Jan, 2025 07:57am

Business & Finance

Cocoa powder importers fail to claim exemption

LAHORE: The importers of Cocoa Powder have failed to claim exemption under two different notifications...

Published 01 Jan, 2025 03:03am

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FBR allows temporary import of vehicles by tourists

ISLAMABAD: The Federal Board of Revenue (FBR) has allowed temporary import of vehicles by tourists without payment ...

Published 03 Dec, 2024 06:09am

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Customs duty in 2023-24: Petroleum sector, imported vehicles top contributors

ISLAMABAD: Two top contributors of customs duty were the petroleum sector and imported vehicles during 2023-24. The...

Updated 11 Nov, 2024 02:40pm

Business & Finance

Import of ‘High Pressure Washer’ to attract zero percent customs duty

ISLAMABAD: The customs classification committee of the Federal Board of Revenue (FBR) declared that zero percent...

Published 25 Sep, 2024 08:51am

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Tax collection at import stage: share in total collection reduces

ISLAMABAD: The tax collection at import stage constituted 35 percent and domestic tax collection’s share was 65...

Updated 23 Sep, 2024 03:24pm