Sugar crisis. (file) Photo
ISLAMABAD:
The Federal Government has extended the reduced duty period for sugar imports. In this connection, the Federal Board of Revenue (FBR) has issued a notification regarding changes to the VAT rules.
According to the announcement, the concession period has been extended from November 2025 to 28 February 2026.
The Trading Corporation of Pakistan (TCP) and relevant companies will pay a duty of 0.25% on imported sugar. According to FBR, the general general VAT rate in Pakistan is 18%.
The purpose of this three-month extension is to control local sugar prices.
The federal cabinet made the decision to extend the tax cut.
