The Government of Pakistan has officially notified significant duty reductions on a wide range of imported luxury items with the commencement of the new financial year. According to the notification, major cuts have been applied to customs duties on high-end vehicles, accessories, perfumes, and bathroom fittings. For affluent consumers, the import duty on new sports cars and branded jeeps has been reduced from 15% to 10%. The duty on imported luxury sports jeeps has seen a steep drop from 90% to 50%. In a notable move, the import duty on luxury ships, cruises, and boats has been lowered to just 5%, marking a substantial shift in policy toward high-end imports. Branded imported sunglasses and watches will now be taxed at 24 per cent, down from 30%. The duty on imported perfumes and cosmetics has also been cut from 50% to 40%. In the bathroom fittings category, the duty on imported wash basins and wash tanks has been reduced from 30 per cent to 24 per cent, and on bath tubs from 20% to 16%. Ceramic sinks will now be taxed at 32% instead of 40%. Furthermore, the duty on the imported artificial jewellery has been slashed to 36 per cent from 40%. Imported tablecloths and netwear duty has been slashed to 24 per cent from 30%. In a separate development, earlier finance Minister Muhammad Aurangzeb announced significant changes to Pakistan\u2019s vehicle import policies. In a Senate Finance Committee meeting chaired by Saleem Mandviwala, the minister said that the commercial import of vehicles up to five years old will be permitted, subject to a 40% duty, starting September 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
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