Trade and markets
 

Detail

Area
Pakistan
Commodity Group
Oilseeds, oils and meals
Commodity
Soybean oil
Date
18/04/2018
Policy Category
Trade
Policy Instrument
Import policy
Description
Raised the import custom duty on crude soybean oil, with the aim of protecting local soft oil production.
Notes
Pakistan’s fiscal budget for 2018/19 includes provisions for a rise in the custom duty on crude soybean oil from formerly PKR 9 050 per tonne to PKR 12 000 (USD 73 and 97 respectively). In addition, the Government envisaged an increase in the ‘additional custom duty’ applied to all oils and fats from 1 percent to 2 percent. The measures are aimed at protecting local soft oil production.