In a significant move to enhance transparency and expedite trade, the Federal Board of Revenue (FBR) has issued Customs General Order (CGO) No. 03 of 2026. This order introduces a revamped Centralised Customs Examination (CEU) system for the major collectorates in Karachi, including Appraisement East, West, and SAPT. The new system is designed to eliminate […]
The Federal Board of Revenue (FBR) has officially released Valuation Ruling No. 2043/2026, significantly updating the customs values for spray dispensing components imported into Pakistan. This new ruling, issued by the Directorate General of Customs Valuation, supersedes the previous VR 1890/2024 to reflect current international market trends and curb under-invoicing. For importers in the pharmaceutical, […]
Introduction Pakistan’s leading chambers of commerce and industry have called on the government to abolish anti-export levies and special tax exemptions in the upcoming federal budget (2025-26). These measures, they argue, are hurting revenue collection and stifling economic growth. During a meeting with the Senate Standing Committee on Finance and Revenue, industry representatives highlighted key issues, including:✔ Revenue losses from tax exemptions in ex-FATA regions✔ High advance […]
Introduction Pakistan’s agricultural sector plays a pivotal role in its economy, contributing 23% to GDP and employing over 37% of the workforce. Among its key agricultural exports, fresh fruits—especially mangoes, kinnows, and cherries—are gaining traction in China, the world’s largest food importer. With a population of 1.4 billion and a rising middle class, China’s demand for high-quality, safe, and traceable fruits presents a […]
Karachi: Authorities Crack Down on Massive Misuse of Export Facilitation Scheme (EFS) KARACHI: In a decisive move to curb the widespread abuse of the Export Facilitation Scheme (EFS), authorities have launched an extensive crackdown, leading to multiple arrests and the recovery of billions in lost revenue. Originally designed to support exporters by permitting duty-free import […]
Karachi: Customs Warns Importers and Agents on Accurate Goods Declarations for Transshipment Karachi: The Office of the Chief Collector of Customs Appraisement (South) has issued a strict directive to importers, customs agents, and licensed bonded carriers, emphasizing the necessity of accurate goods declarations (GD-TP) for transshipment purposes at ports of entry. Dated March 7, 2025, […]
In a significant move for Pakistan’s digital economy, Google Wallet has officially launched in the country, offering users a seamless and secure way to manage payments, store digital cards, and access essential services. This launch marks a major milestone in Pakistan’s journey in the month of March 2025 toward becoming a cashless society and aligns with the […]
On March 10, 2025, a dramatic maritime incident unfolded off the northeast coast of England when a Portuguese-flagged cargo ship, the Solong, collided with the US-flagged tanker Stena Immaculate, which was carrying jet fuel. The collision triggered multiple explosions, a massive fire, and a significant rescue operation, raising concerns about environmental damage and maritime safety12. This blog […]
The United Arab Emirates (UAE) has achieved a historic milestone in its foreign trade, reaching an all-time high of AED 3 trillion by the end of 2024. This remarkable achievement underscores the UAE’s position as a global trade hub and its ability to adapt to changing economic landscapes. Pakistan, as a key trading partner, has played a […]
Pakistan is one of the world’s leading exporters of textile goods, renowned for its high-quality cotton, garments, and home textiles. For businesses in the United States looking to import textile products from Pakistan, understanding the process, regulations, and requirements is essential to ensure smooth transactions and compliance with U.S. laws. This article provides a step-by-step […]
