Written by Faisal Shahnawaz Reduced import duty on shrimps and prawns takes effect from July 1, 2026, under the updated tariff schedule for FY2026-27. Pakistan has reduced the regulatory duty on the import of shrimps and prawns to 8 percent, effective July 1, 2026, under the updated tariff schedule for the fiscal year 2026-27. The reduction is aimed at lowering import costs for seafood products and aligns with the government’s revised customs duty framework for the new financial year. According to the latest SRO, outlining regulatory duty rates for FY2026-27, the revised rate applies to several categories of imported shrimps and prawns. The new duty replaces the 10 percent regulatory duty that remained in force during the previous fiscal year, providing a two-percentage-point reduction across the specified tariff lines. The updated rates cover Cold-water shrimps and prawns (Pandalus spp., Crangon crangon) classified under Pakistan Customs Tariff (PCT) Code 0306.3500. Imports under this category will now attract a regulatory duty of 8 percent, down from the earlier rate of 10 percent. Similarly, Other shrimps and prawns imported under PCT Code 0306.3600 will also be subject to the revised 8 percent regulatory duty. This category has likewise benefited from a reduction of two percentage points compared with the duty applicable during FY2025-26. The government has also lowered the regulatory duty on Shrimps and prawns…