Business

KARACHI (Web Desk) – The federal government is planning to reduce the custom’s duty by 5 percent on import of used cars for budget 2016, sources said on Saturday.

According to the sources, the Federal Board of Revenue (FBR) is also considering to stretch the upper limit for import of used cars.

The customs duty might be reduced in upcoming budget for used cars ranging from 800 cc to 1800 cc, the sources in FBR added.