Global Trade Alert
Global Trade Alert

Pakistan: Trade implications of the 2020-21 federal budget

Announcement

30 Jun 2020

This State Act summarizes the trade implication of the Federal Budget of Pakistan for the year 2020-2021.

Source

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Number of interventions

7

3 certainly harmful

0 likely harmful

4 liberalising

List of interventions

Implementation date

01 Jul 2020

Revocation date:

No revocation date

Announced: 30 Jun 2020
Tax or social insurance relief In force
Effective 1 July 2020, Pakistan has through the Finance Act 2020 reduced the customs duty for the imports of goods by the manufacturers of certain goods within a quota for the manufacture of goods inc...
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Announced: 30 Jun 2020
Import tariff In force
Effective 1 July 2020, Pakistan has through the Finance Act 2020 increased the customs duty on submersible motors of stainless steel from 3% to 11% and on modular cleanroom panels from 3% to 20%. This...
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Implementation date

01 Jul 2020

Revocation date:

No revocation date

Announced: 30 Jun 2020
Import tariff quota In force
Effective 1 July 2020, Pakistan has through the Finance Act 2020 reduced the customs duty for the imports of goods by the manufacturers of certain goods subject to an annual quota determined by the In...
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Announced: 30 Jun 2020
Import tariff In force
Effective 1 July 2020, Pakistan has through the Finance Act 2020 announced an import duty exemption on the imports of plant and machinery designed specifically for use in the manufacturing of electric...
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Announced: 30 Jun 2020
Import tariff In force
Effective 1 July 2020, Pakistan has enacted the Finance Act 2020 that gives effect to the amendments proposed in the Federal Budget 2020-2021. As part of the Finance Act, the customs duty has been red...
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Implementation date

01 Jul 2020

Revocation date:

30 Jun 2021

Announced: 30 Jun 2020
Other import charges
Effective 1 July 2020, Pakistan has through SRO 573(I)/2020 enacted the changes proposed by the Federal Budget 2020-2021 reducing the Regulatory Duty applicable on the following goods - On woven fabr...
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Implementation date

01 Jul 2020

Revocation date:

30 Jun 2021

Announced: 30 Jun 2020
Other import charges
Effective 1 July 2020, Pakistan has through SRO 573(I)/2020 enacted the changes proposed by the Federal Budget 2020-2021 imposing/increasing the Regulatory Duty applicable on the following goods - Du...
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