Auto sector drives Rs499bn customs duty relief

News Image

MG News | June 12, 2026 at 07:43 PM GMT+05:00

June 12, 2026 (MLN): The automotive sector dominates Pakistan's customs duty relief architecture, drawing billions in localized concessions.

Out of a total estimated Customs Duty expenditure of Rs499.14bn for FY 2024-25, automotive players captured the absolute majority. 

Specifically, Original Equipment Manufacturers (OEMs) in the automotive sector enjoyed a massive Rs219.60bn in relief under SRO 656(1)/2006. Automotive vendors separately accumulated Rs41.70bn in benefits through SRO 655(1)/2006.

Furthermore, completely knocked-down (CKD) kits and electric vehicle-specific components pulled an additional Rs23.86bn under the Fifth Schedule Part V(B).

Combined, these automotive exemptions account for more than half of the customs revenue foregone by the national exchequer.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 177,322.78
218.45M
-0.03%
-47.93
ALLSHR 107,545.62
611.68M
-0.16%
-170.58
KSE30 52,748.13
109.41M
-0.15%
-79.11
KMI30 250,923.14
114.37M
-0.26%
-656.80
KMIALLSHR 69,357.47
341.55M
-0.25%
-170.67
BKTi 50,191.95
23.34M
-0.24%
-121.95
OGTi 36,022.65
8.50M
-1.33%
-487.29
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 79,485.00 80,590.00
78,525.00
965.00
1.23%
BRENT CRUDE 88.29 88.66
86.22
0.45
0.51%
RICHARDS BAY COAL MONTHLY 110.30 0.00
0.00
0.85
0.78%
ROTTERDAM COAL MONTHLY 124.80 0.00
0.00
0.60
0.48%
USD RBD PALM OLEIN 1,228.00 1,228.00
1,228.00
0.00
0.00%
CRUDE OIL - WTI 82.38 82.62
80.65
0.15
0.18%
SUGAR #11 WORLD 17.84 17.90
17.55
0.25
1.42%

Chart of the Day


Latest News
August 27, 2026 at 05:15 PM GMT+05:00

APAG IPO fully subscribed on first day


August 27, 2026 at 04:28 PM GMT+05:00

SRVI profit jumps 24% to nearly Rs10bn in 1HCY26


August 27, 2026 at 04:22 PM GMT+05:00

PSX Closing Bell: A Little Offbeat


August 27, 2026 at 04:11 PM GMT+05:00

UPFL profit soars 40% to Rs4bn in 1HCY26


August 27, 2026 at 04:08 PM GMT+05:00

DGKC FY26 profit jumps 25%



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg