Latest News

FBR to reduce duties on import of mobile phones up to 50%

The Federal Board of Revenue (FBR) has proposed to reduce regulatory duty (RD) on import of mobile phones by up to 50 percent in some cases, saying the move is aimed to “provide relief to the common man and to support digitization endeavours.”

The sharpest reduction in RD will be on mobile handsets with a cost and freight value between $100 and $200, where the existing RD rate is Rs2,430 that the FBR is proposing to bring down to Rs1,200.

However, this move is expected to have no impact on the overall collection of duties under this head, since the FBR believes it will lead to a higher volume of imports.

Reportedly, a summary has been forwarded to the ministry of Finance in this regard. It says that the move is aimed at providing relief to the common man.

Related Post

Read More : Tax rate for token payments, registration of cars not changed: FBR

The summary, which carries the signature of FBR Chairman Shabbar Zaidi, says, “This reduction in duty/tax is expected to increase import volume of mobiles in Pakistan”. This may “to some extent, neutralize the otherwise negative impact of this measure.”

The duties and taxes on mobile phones were reduced in the last budget announced in May.

Furthermore, the same summary has also proposed to eliminate the regulatory duty imposed on “worn clothing and other worn articles”, stressing that “these clothing articles are used by low-income people”. At the moment, worn clothing and articles are subject to 10pc RD.

Saman Siddiqui

Recent Posts

  • Bollywood News

Shah Rukh Khan Shares First Instagram Post In 4 Months

Shah Rukh Khan has finally returned on social media! Bollywood actor took to Instagram on…

2 hours ago
  • Latest News

Zahir Jaffer declared medically fit to stand trial

Zahir Jaffer has been declared medically fit to stand trial! The doctors at Rawalpindi Central…

3 hours ago
  • Entertainment News

Yasir Hussain and Ayesha Omar’s starrer Javed Iqbal film gets a new release date

Yasir Hussain and Ayesha Omar’s starrer Javed Iqbal film gets a new release date! Javed…

7 hours ago
  • Sports News

Shell Pakistan sponsors the Multan Sultans Team for PSL-7 Cricket

Shell Pakistan is one of the leading sponsors of 'Multan Sultans' – the defending Champions…

7 hours ago
  • Celebrity News

Nadia Khan deletes video in response to Sharmila Faruqi’s cybercrime threat

Nadia Khan deletes the video clip in response to Sharmila Faruqi’s cybercrime threat! Faruqui had…

9 hours ago
  • Latest News

3 killed, scores injured in a blast near Lohari Gate in Lahore

At least 3 people were killed and at 20 were injured in a blast near…

10 hours ago