Pakistan’s tariff rationalisation policy is expected to reduce government revenue from imports by billions of rupees after lowering customs duties on several imported goods. Official documents show the revised tariff structure will decrease overall import-related revenue by an estimated Rs65.57 billion as the government moves ahead with broader reforms aimed at restructuring import taxes. The […]
imported vehicles
National Assembly approves Budget 2026-27
Islamabad: The National Assembly has approved the federal budget for the fiscal year 2026-27 after deliberations during a session chaired by Speaker Sardar Ayaz Sadiq. Lawmakers endorsed the budget proposals and passed the Finance Bill, paving the way for the implementation of various tax and fiscal measures from July 1. Following the approval of the […]
FBR overhauls luxury car valuation to block tax leaks
The Federal Board of Revenue has ended the role of local agents in valuing imported luxury vehicles, aiming to stop under-invoicing that caused major losses to government revenue. Now, customs duties and taxes will be calculated using prices verified directly by international manufacturing companies, making the process more reliable and harder to manipulate across all […]