The Federal Board of Revenue (FBR) and the Directorate General of Customs Valuation Karachi have recently issued updated tax and customs valuation rules for used mobile phones, including the highly popular Apple iPhone 15 series, effective in 2026. This revision aims to align import taxes with current international market prices and curb undervaluation at customs. 📉 What Changed in 2026? Under Valuation Ruling No. 2035 of 2026, the customs authorities revised the fixed customs values (C&F values) for the commercial import of used phones without packaging or accessories. The updated valuations apply to a broad category of devices from top brands like Apple, Samsung, and Google Pixel. This update replaces outdated valuation tables that were last set over 18 months ago and no longer reflected real-world used device prices. It also makes tax calculation more transparent by basing duties on fixed values, irrespective of cosmetic condition or grading. 👉 Key Requ...
Gold prices in Pakistan decreased on Tuesday in line with their loss in the international market. In the local market, gold price per tola reached Rs459,462 after a decline of Rs10,700 during the day. Similarly, 10-gram gold was sold at Rs393,914 after it fell by Rs9,174, according to rates shared by the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). On Monday , gold price per tola reached Rs470,162 after a decline of Rs5,500 during the day. The international rate of gold declined by $107 to reach $4,371 per ounce (with a premium of $20). Meanwhile, the price of silver also decreased by Rs145 to reach Rs7,930 per tola.