Healthcare Sector Alarmed by Rising Customs Duty Disputes

Importers report challenges to long-established tariff classifications, proposing substantially higher Customs duties and taxes on medicines. This trend could raise retail prices, making essential medicines less affordable and potentially forcing businesses to discontinue imports or local production. Authorities are urged to find a balanced approach, ensuring correct classification while safeguarding public health and facilitating legitimate trade. Such disputes, if unresolved, could contribute to inflationary pressures within Pakistan's economy.

بحوالہ / Source: www.brecorder.com