Import duties on essential items remain unchanged in federal budget

Government proposes several relief measures in the federal budget

June 12, 2024
Representational image of people buying vegetables at a local market in Lahore on August 29, 2022, amid a big hike in prices of food items in the wake of massive floods in Pakistan. — AFP/File

ISLAMABAD: The government has proposed several tax relief measures in the federal budget for the fiscal year 2024-25 such as no increase of duties on the import of essential items.

These measures include providing relief to the common man, promoting and protecting domestic industry and enhancing import-substitution, promoting energy efficiency and conservation, incentivising agriculture sector and encouraging exports.


Following are the proposed custom relief measures:

Exemption of ACD on raw materials of fluids and powders for use in Hemodialyzers.

Exemption of customs duties on bovine lipid extract surfactant.

Review of Regulatory (RD) Regime

Review of exemption regime

Tariff Rationalisation