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Import duty. Custom duties are levied according to the rates given in the First Schedule, which includes: Goods imported to Pakistan. Goods purchased in bond from one custom station to another. Goods brought from a foreign country to any customs station that are trans-shipped or transported without the payment of duty to another customs station.
Global map of countries by tariff rate, applied, weighted mean, all products (%), 2021, according to World Bank. This is a list of countries by tariff rate. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. Import duty refers to taxes levied on imported goods, capital and services.
2024. The China–Pakistan Free Trade Agreement (CPFTA) is a free trade agreement (FTA) between the People's Republic of China and the Islamic Republic of Pakistan that seeks to increase trade and strengthen the partnership between the two countries. [1][2] Earlier agreements in the economic and trade relationship include the Preferential Trade ...
Website. fbr.gov.pk. Pakistan Customs (پاکستان کسٹمز) is one of the elite cadres of the Civil Services of Pakistan. It is staffed by officers from the Pakistan Customs Service (PCS) which is one of the premier occupational groups among Pakistan's civil services. Previously known as the Customs & Excise Group, it was re-classified as ...
The trade deficit for the fiscal year 2013/14 is $7.743 billion, exports are $10.367 billion in July–November 2013 and imports are $18.110 billion. Pakistan's exports continue to be dominated by manpower export in the subcontinent, cotton textiles and apparel. Imports include petroleum and petroleum products, chemicals, fertilizer, capital ...
Harmonized System. The Harmonized Commodity Description and Coding System, also known as the Harmonized System (HS) of tariff nomenclature is an internationally standardized system of names and numbers to classify traded products. It came into effect in 1988 and has since been developed and maintained by the World Customs Organization (WCO ...
t. e. A tariffis a taximposed by the governmentof a country or by a supranational unionon importsor exportsof goods. Besides being a source of revenuefor the government, import duties can also be a form of regulation of foreign tradeand policy that taxes foreign products to encourage or safeguard domestic industry.
South Asian Free Trade Area. The South Asian Free Trade Area (SAFTA) is a 2004 agreement that created a free-trade area of 1.6 billion people in Afghanistan, Bangladesh, Bhutan, India, the Maldives, Nepal, Pakistan and Sri Lanka with the vision of increasing economic cooperation and integration. [1] One of the major goals was to reduce customs ...