A.   Background

This refers to TLQCs in trail, blue, italic and after double line (a) 3011 of 21.1.25 about Budget Proposals 2025-26 for IT, ST, FED & ICT (b) 3009 of 21.1.25 about Budget Call Circular FY 2025-26 in detail & KCV

B.   Update Commentary

Further to KQU 3207 of 23.1.25, being an important matter, we would inform you about Customs Budget Proposals (FY 2025-26) (Attachment 270.1).  in the ensuing paragraph, with emphasis our in bold & Underline for quick reading.

2.   That Customs Budget exercise for FY 2025-26 has been initiated and the Customs Budget section has requested the field formations as well as stakeholders to send their budget proposals latest by 15.2.25.

3.   Moreover, we refer to KQU 3216 of 28.1.25, please refer to the for Annex I, II & III and Annex IV (Attachment 270.2) covering the following:

Annex I: Changes in Customs tariff rates

Annex II: Changes in rules/procedures

Annex III: Changes in Customs Act,1969

Annex IV: For Local Industry giving proposals for Protection/Concession with (a) Detail of Locally made Products (b) Details of Imported Raw materials

for budget proposals. This has been issued with the approval of the 

C.  KC Views

1.      Be a part of the Budget Proposal Process by sending your Proposals to the Chief (Tariff & Trade), Customs wing, FBR, Finance Ministry, FBR, ICAP, Pakistan Business Council, PTBA, KTBA & LTBA, FPCCI & your city Chambers, etc wherever you are member.

2.    Also, play an active role in one of the above areas where you can pursue the Proposals, which are in the interest of Development of Industry, Commerce, Professions, etc, so that our beloved country can prosper, especially towards a riba-free environment.

C.   Further Details & Services 

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com.