Hamd Associates

17/08/2026

🚨 IMPORTANT CUSTOMS UPDATE — NEW FBR PENALTIES FROM 1 OCTOBER 2026

The Federal Board of Revenue (FBR) has issued S.R.O. 1346(I)/2026 dated 13 August 2026, introducing revised penalties for delays relating to Goods Declarations, removal of imported goods and loading of export cargo.

The notification will take effect from 1 October 2026.

Here are the key penalties:

1️⃣ GD NOT FILED WITHIN 20 DAYS OF ARRIVAL

Rs. 25,000 per day for the next 5 days

Rs. 50,000 per day thereafter

Maximum penalty: Rs. 1,000,000

2️⃣ GD FILED BEFORE BERTHING BUT GOODS NOT REMOVED

If goods are not removed within 5 days after completion of assessment and berthing:

Rs. 15,000 per day for the next 5 days

Rs. 20,000 per day thereafter

Maximum penalty: Rs. 1,000,000

3️⃣ GD FILED AFTER BERTHING BUT GOODS NOT REMOVED

If goods are not removed within 5 days of clearance of the GD:

Rs. 10,000 per day for the next 5 days

Rs. 20,000 per day thereafter

Maximum penalty: Rs. 1,000,000

4️⃣ EXPORT GOODS NOT LOADED WITHIN 15 DAYS

Rs. 5,000 per day for the next 5 days

Rs. 15,000 per day thereafter

Maximum penalty: Rs. 1,000,000

📅 EFFECTIVE DATE: 1 OCTOBER 2026

Importers, exporters and customs stakeholders should ensure timely GD filing, assessment, payment of duties and taxes, removal of cleared goods and loading of export cargo to avoid significant daily penalties.

The notification also states that these penalties will be subject to adjudicating proceedings or voluntary deposit, as applicable, under Section 82 of the Customs Act, 1969.

📌 Save this update and share it with importers, exporters and businesses involved in customs clearance.

15/08/2026

Nissan e-POWER: Electric Drive, Petrol Engine as Generator ⚡🚗

A major clarification for vehicle importers and automotive enthusiasts in Pakistan!

Not every vehicle with a petrol engine is mechanically driven by that engine.

In Range-Extended Electric Vehicles (REEVs), the petrol engine can function solely as a generator. It produces electricity to charge/supply the battery, while the electric motor is responsible for driving the wheels.

This is exactly what makes Nissan e-POWER technology different.

⛽ Petrol Engine → Generates Electricity
🔋 Battery → Stores/Supplies Electricity
⚡ Electric Motor → Drives the Wheels
🚗 Wheels → Driven by the Electric Motor

And now, this distinction has an important customs-classification impact in Pakistan.

Under FBR Public Notice No. 02-2026, Range-Extended Electric Vehicles with this configuration are classified under the category of vehicles propelled exclusively by electric motors, rather than being treated as conventional plug-in hybrid vehicles merely because they have an internal-combustion engine.

This means Nissan Kicks e-POWER falls within this important REEV classification where its petrol engine serves only as a generator and does not mechanically propel the vehicle.

Our attached Nissan Kicks duty calculation document provides further reference regarding Nissan Kicks models and their applicable duty/tax calculations.

The key point:

Having a petrol engine does not automatically make a vehicle mechanically driven by that engine. The actual propulsion system and connection to the wheels matter for customs classification.

For importers considering Nissan Kicks e-POWER and other range-extended electric vehicles, this clarification is highly relevant.

20/07/2026

📊 Pakistan's Current Account Slips into Deficit in FY26

Pakistan recorded a $139 million current account deficit in FY26, ending last year's $1.84 billion surplus, according to the State Bank of Pakistan.

📌 Key Highlights:
✅ Record remittances reached $41.59 billion (+8.6%)
📈 Imports rose 8.5% to $76.39 billion
📉 Exports remained almost flat at $40.88 billion
⚠️ June alone recorded a $649 million deficit, the largest monthly shortfall of the fiscal year.
💰 SBP reserves improved to $18.5 billion, strengthening external buffers.

Economists warn that while the overall deficit remains relatively small, stronger export growth will be essential to maintain long-term external stability as rising imports continue to widen the trade gap.

19/05/2026

Gift Scheme Vehicle Import – Updated Requirements & Important Conditions

19/02/2026

26/01/2026

On this World Customs Day, Hamd Associates proudly recognizes the vital role of customs administrations in enabling secure, efficient, and transparent global trade. As customs clearing brokers and shipping agents, we remain committed to professionalism, compliance, and seamless logistics solutions that support businesses and strengthen supply chains.

Here’s to collaboration, trust, and smoother trade across borders.