Karachi, April 2, 2025 – The Federal Board of Revenue (FBR) has released its latest report, revealing that the automotive sector, particularly Original Equipment Manufacturers (OEMs), leads in availing customs duty relief. According to the report, the cumulative customs duty expenditure for the top ten categories reached Rs. 445,122.88 million, accounting for 82% of the total customs duty expenditure. This figure represents 12% of the total tax expenditure for the fiscal year 2022-23. The FBR highlighted that the customs duty relief provided under various exemption orders and schedules significantly benefited multiple sectors, with the automotive sector emerging as the primary recipient. The OEMs in the automotive sector alone received customs duty relief worth Rs. 93,849 million, making it the leading category in terms of exemptions. Additionally, vendors within the automotive sector also benefited substantially, with customs duty exemptions totaling Rs. 38,344 million. Following the automotive sector, the poultry and textile industries, along with other miscellaneous sectors, availed customs duty relief amounting to Rs. 83,763 million under Part III of the Fifth Schedule of the Customs Act. Similarly, relief was extended to local industries involved in the manufacturing of stationery, electrical capacitors, pesticides, and other essential products, which received Rs. 38,344 million in customs duty exemptions.…