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IGI Securities Limited – Investor Kit

Karachi, January 17, 2018 (PPI-OT): Top News

Ministry of Commerce approved a mechanism devised bythe central bank for payment of duty and taxes on importof vehicles under personal baggage, transfer ofresidence and gift schemes. The remittance should eitherbe received in local bank account of Pakistani nationalsending the vehicle from abroad or, in case his accountis non-existent/inoperative the remittance should bereceived in the account of overseas Pakistani’s familymember as defined in the import policy order.https://www.thenews.com.pk/print/269207-commerce-ministry-approves-tax-payment-system-for-imported-cars

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