AreaPakistan
Commodity GroupOilseeds, oils and meals
CommoditySoybean oil
Date18/04/2018
Policy CategoryTrade
Policy InstrumentImport policy
DescriptionRaised the import custom duty on crude soybean oil, with the aim of protecting local soft oil production.
NotesPakistans 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.
