The petroleum, oil, and lubricants (POL) sector has emerged as Pakistan’s top contributor to customs duty collection, generating Rs. 291 billion during FY 2024-25, according to the Federal Board of Revenue (FBR). Despite a decline in global oil prices and slightly lower import volumes, the sector accounted for 22.7% of total customs revenue, underscoring its critical role in Pakistan’s economy.
FBR Reports Record Customs Duty Growth
The FBR revealed that total customs duty collection reached Rs. 1,284.6 billion, marking a 16.4% increase from last year’s Rs. 1,104.1 billion. The rise was attributed to higher dutiable imports and improved import management systems. However, even with a 9.1% drop in petroleum import revenue, the POL sector maintained its dominance, followed by the automobile industry, which contributed 13.4% of the total collection.
Improved Import Management Boosts Revenue
An FBR official stated that the increase in customs collection reflects better digital monitoring, import management, and enforcement measures, helping the department achieve nearly 95% of its annual target. Customs duty contributed 10.9% to Pakistan’s total tax revenue, emphasizing its growing significance in fiscal performance.
Petroleum Sector Remains Key to Fiscal Stability
Economists highlight that despite lower oil prices globally, Pakistan’s import structure continues to rely heavily on petroleum products, which consistently drive customs duty inflows. The automotive sector’s rebound also indicates renewed consumer demand and trade confidence across the country.
Economic Insights on Customs Performance
Experts believe that the current figures signal a partial recovery in Pakistan’s import activity. The rise in duty collection demonstrates how customs revenue reforms and digital systems are improving efficiency, transparency, and compliance within the FBR framework.
The Role of Petroleum Products in Pakistan’s Customs Revenue
While petroleum products dominate customs duty inflows, the FBR’s strategy of expanding its digital tax network and monitoring imports ensures a steady stream of revenue. The POL sector’s leadership highlights the government’s focus on balancing trade performance with fiscal sustainability.
Future Outlook for Customs Duty Collection
With the economy gradually stabilizing, experts predict that customs revenue growth will continue in the coming fiscal year. Enhanced monitoring systems and import diversification could further strengthen Pakistan’s non-direct tax revenue sources.
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