Cars more expensive now as FBR raises regulatory duty to 50%
Stay tunned with 24 News HD Android App
The 50 percent regulatory duty on fully imported new vehicles will remain applicable till June 30, 2022.
Tax experts said that the main reason for the increase in regulatory duty is to reduce the import bill and check dollar outflow.
Earlier, the FBR had issued SRO-840 on June 30, 2021 to reduce the import of unnecessarily expensive items.
Reporter Ashraf Khan