Sugar crisis. (file) Photo
ISLAMABAD:
The federal government has extended the reduced tax period for sugar imports. In this regard, the Federal Board of Revenue (FBR) has issued a notification amending the sales tax rules.
According to the notification, the concession period has been extended from November 2025 to February 28, 2026.
The Trading Corporation of Pakistan (TCP) and relevant companies will pay a 0.25% tax on imported sugar. According to the FBR, the standard general sales tax rate in Pakistan is 18%.
The purpose of this three-month extension is to control local sugar prices.
The federal cabinet made the decision to extend the tax relief.
