- Cosmetic items will become more expensive in Pakistan starting July 1.
- Imported jackets, overcoats, trousers, and shirts will have higher taxes.
- Oral and dental hygiene products will be subject to a 50% regulatory duty.
The Federal Board of Revenue (FBR) has issued SRO 928(I)/2024, replacing its previous SRO 966(l)/2022, to levy new regulatory duties on the import of goods, including cosmetics.
The top tax authority has imposed a 55% regulatory duty on imported cosmetics items such as nail paints, blushers, and skin bases. Additionally, the regulatory duty on perfumes and sprays has been raised to 20%, while imported shaving cream and soap will now be subject to a 50% regulatory duty.
Moreover, the FBR has increased the duty on imported jewelry to 45% and raised taxes on imported jackets, overcoats, trousers, shirts, and other items.
The new SRO also imposes a 50% regulatory duty on oral or dental hygiene products, a 25% duty on cheese and curd, and a 50–55% duty on potatoes, other vegetables, and vegetable mixtures. Sugar confectionery, including white chocolate, will face a 40% regulatory duty. Tobacco, whether partly or wholly stemmed or stripped, will have a 50% duty, and dog or cat food will be subject to a 50% regulatory duty under the new SRO.
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These increased duties are part of the government's effort to regulate imports and boost local industries, but they will likely lead to higher prices for consumers.
