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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 level of customs duties is a direct indicator of the openness of an economy to world trade. However, there may also be import barriers that are not based on the levy of duties. The following table shows the tariff rate, in percentages, according to United Nations Conference on Trade and Development (UNCTAD) , [ 1 ] World Trade Organization ...
In economics, a tariff-rate quota (TRQ) (also called a tariff quota) is a two-tiered tariff system that combines import quotas and tariffs to regulate import products.. A TRQ allows a lower tariff rate on imports of a given product within a specified quantity and requires a higher tariff rate on imports exceeding that quantity. [1]
The origin of an organized Customs Department in the sub-continent can be traced to 1878 when maritime Customs operations were sought to be institutionalized by Her Majesty's Crown under the Sea Customs Act. Pakistan Customs checkpost at Sust village, Gojal. In 1901, Karachi was declared as the chief port of Sindh. In the following year, a plan ...
The budget included funding for a number of development initiatives to increase the nation's economic growth rate. The original outlays for the PDSP being estimated at Rs. 2.66 trillion for the development programme, which included a Rs 950 billion federal Public Sector Development Programme (PSDP), that was approved by the Annual Plan Coordination Committee (APCC). [5]
Pakistan’s media has faced growing censorship in recent years, but the government of Prime Minister Shehbaz Sharif says the law is necessary to limit the spread of disinformation. 01/31/2025 07:29 -0500
The Pakistan Customs Duty rates of imports, providing that the vehicles (excluding jeeps) meet the age requirements for Pakistan, are shown below: Up to 800 CC (other than US$6,600 Asian Makes); From 801 CC to 1000 CC US$5,500; From 1001 CC to 1300 CC US$11,000; From 1301 CC to 1500 CC US$15,400; From 1501 CC to 1600 CC US$18,700
{An import quota is a type of trade restriction that sets a physical limit on the quantity of a good that can be imported into a country in a given period of time. [1] An import embargo or import ban is essentially a zero-level import quota.