Pakistan steel industry demands advance tax guarantees on duty-free Chinese imports

Pakistan’s steel industry has urged the Federal Board of Revenue (FBR) to take immediate action to address the inflow of duty-free Chinese steel imports entering the country via the Customs Dry Port Sost, warning that these imports are undermining domestic producers and distorting market competition, according to media reports. It is noted that significant volumes of Chinese steel are being cleared through the Sost border crossing without upfront tax payments, allowing imported material to enter the domestic market at prices local mills cannot match. Pakistani steelmakers have called on the FBR to require advance tax payments, pay orders or bank…