ANNOUNCEMENT 30 Apr 2015In April 2015, the government of Pakistan announced a change in import duties.
NUMBER OF INTERVENTIONS
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.