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In Sep-2019 FBR All Set to Reduce Duties on Imported Phones Up to

A. 20%
B. 30%
C. 40%
D. 50%

Answer & Solution
Option: D
Explanation :The Federal Board of Revenue (FBR) is planning to reduce regulatory duty (RD) on imported phones by up to 50 percent.
“This reduction in duty/tax is expected to increase import volume of mobiles in Pakistan,” the summary said, adding that it will neutralize the otherwise negative impact of this measure to some extent.
Up to 50 percent reduction in regulation duty is proposed on handsets within the range of $100 to $200. Here, the current RD rate of Rs. 2,430 has been proposed to be reduced by more than half to Rs. 1200.
Similarly, the Regulatory Duty of smartphones worth above $200 and up to $350 will be slashed by Rs. 740, while up to Rs. 4500 will be decreased on phones ranging above $350 and under $500.
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