Pakistan, Jan. 27 -- The Federal Board of Revenue has ended the role of local agents in valuing imported luxury vehicles, aiming to stop under-invoicing that caused major losses to government revenue. Now, customs duties and taxes will be calculated using prices verified directly by international manufacturing companies, making the process more reliable and harder to manipulate across all high-value vehicle imports.

Previously, authorized dealers issued valuation certificates that decided how much tax importers paid, however this system created loopholes that allowed vehicle prices to be declared lower than their real market worth. As a result, the government lost billions in revenue every year, while importers paid far less tax than req...