The government has cut import duties and taxes on 6,980 products starting July 1, 2025. This move comes with the new budget and aims to reduce costs for buyers. It covers many items like imported cars, cosmetics, milk, and dairy products. Officials say this step will help both consumers and businesses across the country. For […]
imported cars
What are the new duties imposed on cars?
ISLAMABAD: What are the new duties imposed on cars? In line with Finance Minister Miftah Ismail’s announcement to discourage imports, the Federal Board of Revenue (FBR) has notified the imposition of time-bound regulatory duty (RD) and additional customs duty (ACD) on almost 600 to 700 luxury items in the range of 100%-150%. Miftah, in a […]
SBP bans bank loans for purchasing imported vehicles
In order to curb inflation and imports, the State Bank of Pakistan (SBP) has made amendments in regulations and imposed a ban on loans for purchasing imported vehicles. According to an official notification, the SBP updated the PRs (PR for consumer financing) under the new Prudential Regulations. “The changes in the PRs effectively prohibit financing […]