Customs duty collection in FY19 stands at Rs 684 billion

News Image

By MG News | July 04, 2019 at 04:09 PM GMT+05:00

0:00

July 4, 2019 (MLN): Federal Board of Revenue (FBR) has collected a sum of Rs 684 billion as Customs duty in FY19, showing an increase of 13 percent compared to the collection of Rs 606 billion in FY18.

Earlier, government set a target of Rs 735 billion as customs duty out of total revenue collection of Rs 4435 billion.

Customs collected sales tax of Rs 843 billion on import stage against the assigned target of Rs 800 billion. In addition, collection of FED and WHT stood at Rs 13.2 billion and Rs 223 billion respectively.

The collection of Customs duties witnessed more than 20 percent growth in five years, whereas, in FY19 it was around 12 percent. The measure reason for this reduced growth was compressing of imports.

In US dollar terms, dutiable imports recorded a decline of 20 percent due to non-tariff measures on items like vehicles, furnace oil, betel nuts, edible oil etc. As a result, loss Rs 35 billion in the collection of duty was recorded.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,175.00 106,200.00
105,440.00
425.00
0.40%
BRENT CRUDE 67.18 67.29
67.05
0.07
0.10%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.50 65.65
65.34
0.05
0.08%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 02, 2025 at 06:01 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola



Top 5 things to watch in this week

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