Tag: Pakistan: Govt mulls increase in regulatory duty on steel imports

Pakistan’s government is mulling an increase in Regulatory Duty (RD) by 5-10%, sources informed SteelMint. “Currently an RD of 5% is in effect on iron and steel products, which can now increase to 10-15% depending on the decision,” shared a reliable source. The prime objective is to reduce steel imports and relieve the pressure on…