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The Federal Government can impose limitations or restrictions on regulatory duty on all or any of the imported or exported goods through a notification in the official Gazette. Such limitations or restrictions, according to the First Schedule, [ 1 ] should not exceed 100% of the goods value, as specified under Section 25-1B or Section 25-A.
The Pakistan Single Window (PSW) stands as a prominent undertaking spearheaded by Pakistan Customs.Its overarching objective is to diminish the time and expenses associated with conducting business by transitioning Pakistan's cross-border trade into a digital realm, thereby eliminating the need for paper-based manual procedures.
In the budget 2018–2019, the government had given exemptions of 16% customs duty on charging stations of electric vehicles, reduction of customs duty from 50% to 25% and an exemption of 15% regulatory duty (RD) on electric vehicles. The government had also reduced customs duty on kits of electric vehicles from 50% to 10%. [20]
In the United States, foreign cars older than 25 years are exempt from certain safety and emissions standards that apply to newer vehicles. Read: 12 Car Brands That Will Break Down Twice as Fast ...
In August 2007, Pakistan started exporting cement to India to fill in the shortage there caused by the building boom. [8] Russia is a growing market for Pakistani exporters. In 2009/2010 the export target of Pakistan was US$20 billion. [9] As of April 2015, Pakistan's exports stand at US$29 billion.
In Japan, although the laws against grey import products were strict, and domestic car makers and authorized dealers have to conform the vehicle dimension standards and other various regulations differing from Europe and United States, the laws against grey-imported vehicles are very lax due to absence of import tariffs, and there are some grey ...
EXIM Bank of Pakistan or Export Import Bank of Pakistan is a Development Finance Institution owned by the Government of Pakistan to stimulate the growth and diversification of the country's exports and assist in the implementation of import substitution plans. [3] [4] [5] [6]
It continued to produce Vauxhalls into the 1970s while ceasing the import of American Chevrolets. [5] In 1984, the Toyota franchise was transferred to Toyota Indus. [5] In January 1992, Bibojee Group acquired National Motors Limited for PKR 150.44 million (US$ 24.50 million), under the privatization scheme of the Government of Pakistan.