Great news for consumers in Pakistan! The federal government has made a groundbreaking decision to eliminate the regulatory duty on imported cars and mobile phones. This move aims to lower the cost of living, boost economic growth, and enhance accessibility for the people.
Originally implemented in 2016 as a temporary measure, the regulatory duty had been extended multiple times, causing frustration among consumers and businesses alike. However, the government’s recent decision marks a significant milestone in addressing these concerns.
By lifting the regulatory duty, the federal government seeks to reduce the financial burden on consumers while promoting the growth of the automobile and telecommunication industries. As a result, imported cars and phones are expected to become more affordable and accessible to a wider audience.
It’s important to note that this development does not eliminate all taxes or duties on imported cars and phones. Instead, it removes the additional regulatory duty that had been imposed on top of existing taxes and duties.
This move is poised to have a positive impact on the lives of Pakistani consumers, providing them with greater access to a wider range of cars and mobile phones at more competitive prices. Simultaneously, it is expected to stimulate economic growth and encourage the development of these industries within the country.