Islamabad: Pakistan Customs has reiterated its commitment to safeguarding the interests of local industries through accurate customs valuation and transparent trade facilitation. The agency aims to address valuation concerns while ensuring fair trade practices and data verification.
According to Radio Pakistan, Pakistan Customs has emphasized its ongoing efforts to prioritize the concerns of various manufacturing sectors, including textiles, steel, chemicals, and automotive vendors. The Directorate General of Customs Valuation is focused on revising Valuation Rulings to maintain realistic and sustainable customs values.
The Federal Board of Revenue (FBR) has taken corrective measures to improve data reporting, with initiatives in place since July 2026 aimed at achieving uniform customs valuation and addressing under-invoicing issues. Additionally, the FBR is working to enhance the Electronic Data Exchange mechanism with China, aiming to extend it to the transaction level for better transparency and verification in bilateral trade.