For the purpose of reduction in the domestic price of wheat, the Federal Board of Revenue Pakistan has abolished the regulatory duty on the import of wheat.
For this purpose, FBR has issued an SRO 633(I)/2020 which makes an amendment to SRO 6809I)/2019 dated June 28, 2019.
With the issuance of this SRO, regulatory duty in the import of wheat has been reduced from 60 percent to zero.
As per the sources of the FBR, this decision has been taken to encourage the import of wheat for the purpose of ensuring buffer stock at home and to maintain the retail price at lower.