Regulatory Duty on Imported Phones to Slash by 50%
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Pakistan, Sept. 16 -- The Federal Board of Revenue (FBR) is planning to reduce regulatory duty (RD) on imported phones by up to 50 percent.
A summary has been forwarded to the ministry of Finance in this regard. It says that the move is aimed at providing relief to the common man.
FBR believes that doing so will not affect the overall collection as lesser duties will encourage people to import more mobiles in Pakistan.
"This reduction in duty/tax is expected to increase import volume of mobiles in Pakistan," the summary said, adding that it will neutralize the otherwise negative impact of this measure to some extent.
The government had reduced duties and taxes on mobile phones in the last budget.
Up to 50 percent reduction in regulat...
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