The Federal Government of Pakistan has imposed regulatory duties on various imported items, including raw pharmaceutical materials.
The Federal Board of Revenue (FBR) has implemented new regulatory duties targeting essential raw materials, including chloroform, calcium, and dioctyl terephthalate. Notably, this regulation affects crucial pharmaceutical ingredients such as levofloxacin, a third-generation antibiotic, and caffeine and its derivatives. Initially, these items will be subject to a 10% duty, set to increase to 20% after December 31.
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Additionally, the duty on sodium carbonate has been adjusted to 10%. Other materials like chloroparaffin liquid, calcium carbide, and dioctyl phthalate also carry a 10% regulatory duty.
Notably, the FBR has also applied a 10% duty on vinyl chloride polymers and other raw plastic materials, effective until December 31, 2024, while cellulose and tubes will be taxed at the same rate until June 30, 2025.
The Federal Government’s measures aim to regulate the importation of these substances and effectively manage the local market dynamics.