-
-
The government of Pakistan has reduced taxes on nearly 7,000 imported items in the new economic year, aiming to support key sectors like industry, agriculture, livestock, and food.
According to a new notification, regulatory duties on raw materials for the industrial sector have been lowered to boost manufacturing.
In the livestock and poultry sector, import duties on breeding animals and chickens have been reduced to 5%. Imported live fish now carry a 5% duty, while frozen fish is taxed at 17.5%. Fish heads, tails, and skins also have a reduced 5% duty.
In dairy, items such as milk, powdered milk, yogurt, cream, butter, and milk fats now have a 20% duty, while cheese is set at 40% and honey at 24%.
For food imports, canned, boiled, and frozen vegetables, along with dried vegetables and bananas, now face 5% to 10% duties. Imported dates and fresh apples carry 20% and 24%, while fresh peaches are taxed at 36%. Wheat flour, maize flour, and corn now have a 20% duty.
Other items like cocoa, pasta, cornflakes, and pineapples see reduced duties. Coffee (bulk) now faces a 15% duty, and motor spirit has been cut to 10%. Magnesium, nickel, and carbon dioxide duties are now 2.5%. Varnishes, paints, enamels, and lacquers also see reductions to 5%.
In a separate development, Finance Minister Muhammad Aurangzeb announced major changes in vehicle import policies. From September 2025, Pakistan will allow commercial import of vehicles up to five years old with a 40% duty.
Starting July 2026, duties on used vehicles will be gradually reduced and eliminated by July 2029, enabling zero-duty imports.
