FBR Seeks Stakeholder Input on Customs Duty Adjustments for 2025-26 Budget

• FBR invites stakeholders to submit customs duty proposals for Budget 2025-26
• Aim is to gather suggestions from industry representatives, associations, and businesses
• Detailed format provided for stakeholders to offer proposals on customs duties
• Format includes sections on tariff rate changes, rules and procedures, and Customs Act amendments
• Stakeholders encouraged to provide justifications for proposed changes and quantify benefits
• Additional annex provided for industries seeking protection or concession on locally manufactured products
• Initiative emphasizes stakeholder engagement in shaping Pakistan’s trade and customs policies
• FBR committed to ensuring proposed customs duties reflect needs of local industries and encourage fair competition
• Invitation to submit proposals highlights government’s commitment to building comprehensive policy framework for Budget 2025-26

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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