Islamabad: Pakistan is expected to reduce import duties on a wide range of cosmetic products in the upcoming federal budget for the fiscal year 2025-26, scheduled to be presented on June 10. According to sources, the government plans to provide significant relief by cutting taxes on over 7,000 imported items, including cosmetics, essential machinery, and raw materials.
As part of ongoing fiscal reforms aimed at boosting economic efficiency and streamlining trade, regulatory duties on various imported goods—especially cosmetics and personal care products—may be lowered by 2 to 5 percent. This move aligns with recommendations from the International Monetary Fund (IMF), which has urged Pakistan to ease import-related taxes.
Among the cosmetic items expected to benefit from reduced duties are lipstick, powder, eyeliner, mascara, makeup kits, face powders, makeup tools, lip gloss, face shiners, base creams, lotions, perfumes, and body sprays. Synthetic hair extensions, hair colors, lotions, and creams are also likely to see duty cuts.
The tax reductions may further extend to lifestyle and fashion accessories, including branded imported shoes, clothing, belts, purses, sunglasses, briefcases, travel bags, and handbags. Even shaving products could be included in the list of items receiving tax relief.
Officials believe these measures will encourage imports of consumer goods, provide price relief to customers, and contribute to stimulating economic activity. The budget is also expected to focus on broad fiscal reforms to stabilize the economy amid global financial pressures.
More details will be revealed once the budget is officially presented next week.
