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Pakistan withdraws duty-free vehicle import facility for expats

01:38 PM | 9 May, 2023
Pakistan withdraws duty-free vehicle import facility for expats
Source: File Photo

ISLAMABAD – The government has withdrawn the facility of temporary import of duty-free vehicles for overseas Pakistanis and limiting it only to tourists who hold foreign passports. 

The Federal Board of Revenue (FBR) has made a series of amendments in the SRO533 which is related to the import of duty-free vehicles, stating that the decision has been taken to prevent the misuse of “carnet de-passage/temporary importation of vehicles by foreigners/ex-patriate Pakistanis”.

“The Federal Board of Revenue has issued SRO 533 (I)/2023 dated 08.05.2023 amending the temporary importation of vehicles’ rules covered under Chapter VI of the Customs Rules 2001,” read the FBR press release.

Under the new rules, definition of the “tourist” has been updated and new provisions have been incorporated to strictly monitor the carnet related information through Pakistan Customs Computerized System and by keeping close liaison with Federal Investigation Agency (FIA).

The passport of the tourist will be flagged with the carnet documents for proper reconciliation of vehicles imported under the carnet facility, it added.  

Reports said as many as 1,000 vehicles were imported under the tourist facility in last five years, while only 900 have left the country. The customs department is making efforts to trace the remaining 100 vehicles.

Following the amendment, only foreign passport holders are allowed to import the vehicle for temporary time period while the facility has been withdrawn for overseas Pakistanis, who hold Green passport.

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Pakistani rupee exchange rate to US Dollar, Euro, Pound, Dirham, and Riyal - 27 Feb 2024

Pakistani currency remains largely stable against US dollar in the open market on February 27, 2024 (Tuesday).

US Dollar rate in Pakistan

In the open market, the US dollar was being quoted at 279.4 for buying and 282.3 for selling.

Euro currently stands at 303 for buying and 306 for selling while British Pound rate stands at 351.5 for buying, and 355 for selling.

UAE Dirham AED hovers at 76 whereas the Saudi Riyal saw slight increase, with new rates at 76.7.

Today’s currency exchange rates in Pakistan - 27 Feb 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 279.4 282.3
Euro EUR 303 306
UK Pound Sterling GBP 351.5 355
U.A.E Dirham AED 76 76.7
Saudi Riyal SAR 74.2 75
Australian Dollar AUD 181 183
Bahrain Dinar BHD 742.91 750.91
Canadian Dollar CAD 207 209
China Yuan CNY 38.82 39.22
Danish Krone DKK 40.56 40.96
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.37 3.48
Japanese Yen JPY 2.10 2.18
Kuwaiti Dinar KWD 905.46 914.46
Malaysian Ringgit MYR 58.49 59.09
New Zealand Dollar NZD 173.05 175.05
Norwegians Krone NOK 26.36
 
26.66
Omani Riyal OMR 725.54 733.54
Qatari Riyal QAR 76.74 77.44
Singapore Dollar SGD 207 209
Swedish Korona SEK 27.04 27.34
Swiss Franc CHF 317 319.5
Thai Bhat THB 7.76 7.91

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