International convention and customs procedures of Pakistan
International Conventions
Member of the World Trade Organization (WTO) Party to the Kyoto Protocol Party to the Washington Convention on International Trade in Endangered Species of Wild Fauna and Flora Party to the Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and Their Disposal Party to the Montreal Protocol on Substances That Deplete the Ozone Layer
Pakistan has signed Bilateral Investment Treaties (BITs) with nearly 40 countries. It has also signed ‘Double Taxation Agreements’ with nearly 50 countries.
The country has signed a trade agreement with 21 other countries in the São Paulo Round of the Global System of Trade Preferences among Developing Countries (GSTP).
According to the Trade Policy-2006 of Pakistan, the import of 30 items is banned into the country. This ban is based on religious, environmental, security, and health issues.
Moreover the government reserves the power to grant sector-specific duty exemptions, concessions, and protections under Statutory Regulatory Orders (SROs), though the use of SROs has decreased during recent years.
Customs duties in Pakistan are levied on ad-valorem basis. The maximum customs duty is 25%. In addition to the customs duty, the government charges 15% sales tax on the duty paid value of a variety of goods imported into the country. Customs duty and other charges are payable in rupees. For more details, visit: Pakistan Customs
Government of Pakistan allows duty-free import of samples (not for commercial use) provided a bank guarantee or indemnity bond is provided to Customs to ensure that the items will be returned.
The same is applicable to the re-export of goods; but with a minimum value-addition of 2.5% over their FOB price.
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