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Pakistan Customs

In March 2024, Pakistan's commodity exports increased for the seventh consecutive month, indicating that the Pakistani economy is continuously recovering.

In April 2024, Pakistan's import value was 13,150,020.00 million Pakistani rupees, while the export value was 6,540,030.00 million Pakistani rupees.

Pakistan is located in the northwestern part of the South Asian subcontinent, bordering the Arabian Sea in the south, and flanked by the Karakoram and Himalayan mountains in the north, with India, China, Afghanistan and Iran bordering it in the east, north and west respectively. Pakistan is a member of the United Nations and has joined several international and regional organizations, and is a member of the Organization of Islamic Cooperation, the South Asian Association for Regional Cooperation and the Shanghai Cooperation Organization.

Pakistan's political situation is relatively stable, the market is relatively open, the legal system is relatively complete, and it has certain development potential and development space. In the past few years, thanks to the Pakistani government's vigorous efforts to develop the economy and the positive factors promoted by the China-Pakistan Economic Corridor construction, remarkable progress has been made in Pakistan's economic and social development, and this huge market with a population of more than 200 million is continuously releasing its development potential.

The Pakistani constitution stipulates Urdu as the national language and English as the official language.

According to the constitution, the state religion of Pakistan is Islam, and Muslims account for 95% of the total national population, among which 90% of the Muslim population is Sunni, and in addition, there is Hinduism, Christianity, etc., but they only account for 5% of the national population.

The domestic market in Pakistan has huge potential. It is the world's fifth most populous country and the world's tenth largest labor force country. With the continuous advancement of urbanization, the 0.83 billion urban consumers in Pakistan constitute the main force of its domestic consumption, and the market scale is huge.

Pakistan has signed investment protection agreements with 32 countries and double taxation avoidance agreements with 66 countries. In addition, Pakistan is relatively active in regional economic cooperation. So far, it has signed the second phase protocol of the China-Pakistan Free Trade Agreement; signed free trade agreements with Sri Lanka, Malaysia, the South Asian Association for Regional Cooperation and other countries and regional organizations; signed preferential trade arrangements with Iran, Mauritius, the Group of Eight Islamic Developing Countries and other countries and organizations; and signed a transit trade agreement with Afghanistan.

The Pakistani customs are affiliated to the Federal Board of Revenue (FBR) in Pakistan. It manages the import and export of goods according to the "Customs Law", the "Import and Export Law" and the "Customs Rules". The tariff rate of goods is adjusted every year. For the need to protect the domestic industry, the Pakistani government can levy anti-dumping duties and regulatory tariffs on imported goods. Blooming Pakistani Customs database mainly includes the basic information of the importer, the basic information of the exporter, the commodity information, the freight information, the quantity and price information of the commodity, etc.

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Pakistan Customs

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