ANNOUNCEMENT 30 Apr 2015
In April 2015, the government of Pakistan announced a change in import duties.NUMBER OF INTERVENTIONS
1
SOURCE
SRO 393(I)/2015
http://download1.fbr.gov.pk/SROs/201555950484512015SRO393.pdf
S.R.O. 604(I)/2015.-
http://download1.fbr.gov.pk/SROs/2015630126540664SRO604(I)of2015.pdf
On 30 April 2015, Pakistan issued Notification SRO 393(I)/2015, increasing the regulatory import duty on furnace oil from 5% to 7%. The duty at 5% was introduced on 12 February 2015 (see related measure).
In the 2015-16, the Ministry of Finance withdrew a 5% customs duty exemption on furnace oil imports while at the same time the regulatory under the current measure was reduced to 2%, thus effectively leaving the import duty rates unchanged.
On 16 October 2017, through Notification 1035 (I)/2017 the 2% regulatory was extended.