PM Shehbaz Caps Customs Duty at 15% in New Tariff Reform Move

PM Shehbaz caps customs duty at 15% in new tariff reform move

Prime Minister Shehbaz Sharif on Friday approved tariff reforms, capping customs duty at a maximum of 15% and initiating the gradual elimination of additional and regulatory duties over the next four to five years. The decision was taken during a high-level meeting on the National Tariff Policy, chaired by the premier, and is being hailed by the government as a key milestone toward export-led growth. A statement from the Prime Minister’s Office …

Using an express operator to import and export

Check what customs charges apply when using an express operator (previously called a fast parcel operator) to make import and export customs declarations.

Pakistan to cap customs duty at 15% in major tariff reforms

Prime Minister Shehbaz Sharif on Friday announced a significant overhaul of Pakistan’s tariff structure as part of broader economic reform efforts. According to a statement issued by the Prime Minister’s Office (PMO), the government will gradually phase out Additional Customs Duty (ACD), currently ranging from 2% to 7%, and Regulatory Duty (RD), which varies between 5% and 90%, over the next four to five years. In a major policy shift, the prime…

PM unveils tariff reforms: customs duties to be capped at 15%, slabs reduced to four

Prime Minister Shehbaz Sharif on Friday unveiled major tariff reforms, announcing that customs duty would be capped at a maximum of 15% and that additional customs and regulatory duties would be phased out in the next four to five years. The prime minister, who chaired a meeting on National Tariff Policy, took this historic step by approving a gradual but significant reduction in import tariffs. “This move is being considered a major milestone t…

National Tariff Policy: govt approves phased elimination of import duties

In a bid to attract investment and promote exports, the federal government on Friday decided to significantly...

Prime Minister Muhammad Shahbaz Sharif chairs important meeting on National Tariff Policy Islamabad: An important meeting on National Tariff Policy was held at the Prime Minister’s House under the chairmanship of Prime Minister Muhammad Shahbaz Sharif. The meeting decided to significantly reduce import duties to promote exports and investment. The Prime Minister has reiterated his resolve that the government will spare no effort to achieve a str…