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FBR sets new customs values, cutting PTA tax on used mobile phones | The Express Tribune
ISLAMABAD:
The Directorate General of Customs Valuation Karachi, a subordinate department of the Federal Board of Revenue (FBR), has set new customs values for old and used mobile phones imported from overseas, a move expected to reduce the overall PTA tax on such devices.
The revised values will apply only to old and refurbished mobile phones. Several popular smartphone brands, including Apple, Samsung, Google and OnePlus, are covered under the new valuation.
According to a notification issued by the Directorate General of Customs Valuation Karachi, any petition seeking a review of the new valuation can be filed within 30 days of the issuance of the notification. The petition is to be submitted to the Directorate General of Customs Valuation Karachi.
For all affected phones, see the full report here:
Under the new customs values, the PTA tax on the iPhone 15 series has been revised downward. The iPhone 15 was launched in the US market at $799, but is currently available in used or refurbished condition for between $300 and $400. Taking an average price of $350, the phone’s value comes to around Rs97,800.
At this price, the PTA tax on the iPhone 15 is Rs34,101 via CNIC and Rs31,640 via passport, bringing the total cost of the phone to around Rs130,000 or more.
The expected price of a used iPhone 15 Plus is $370, or about Rs103,465. PTA tax on this model is Rs46,068 via CNIC and Rs40,448 via passport, after which the total market price is expected to be around Rs145,000 or more.
The average price of a used iPhone 15 Pro has been set at $400, or roughly Rs111,400. Under the revised values, PTA tax on this phone is Rs47,580 via CNIC and Rs41,960 via passport, pushing the total price to around Rs155,000 or more.
For the iPhone 15 Pro Max, PTA tax has been fixed at Rs50,604 via CNIC and Rs44,984 via passport, with the total price likely to reach around Rs175,000.
Officials said that due to the new customs values, used iPhones have become relatively more affordable for Pakistani consumers, and an increase in demand for refurbished phones is expected in the local market.
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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
Stock market recommendations: Bharat Electronics, and Colgate-Palmolive (India) have been recommended as the top stocks to buy today (April 24, 2026) by Bajaj Broking Research. Take a look at the target prices and expected returns:Bharat ElectronicsBuy in the range of ₹ 440.00-450.00
The stock is in structural up trend forming higher high and higher low in all time frame signaling strength and continuation of the uptrend. The entire up move of the last 8 months is in a rising channel as can be seen in the chart highlighting sustained demand at an elevated level.On the smaller time frame, the stock is at the cusp of generating a breakout above the bullish Flag like formation as post a sharp up move in the first 3 weeks of April the stock went into a consolidation phase in the last four sessions. It is seen resuming up move and is at the cusp of generating a breakout above the bullish Flag formation highlighting continuation of the up move and offers fresh entry opportunity.We expect the stock to extend the up move and head towards 495 levels in the coming months being the confluence of the 123.6% external retracement of the previous decline 473 – 400 and the upper band of the rising channel of the last 8 months.Colgate-Palmolive (India)Buy in the range of 2120-2160
The share price of Colgate-Palmolive has generated a breakout above bullish Flag pattern signaling continuation of the up move and offers fresh entry opportunity.We expect the stock to head higher towards 2330 levels in the coming months being the measuring implication of the bullish flag breakout.The daily 14 periods RSI is in buy mode thus supports the positive bias in the stock.(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)
It is unusual for a senior figure at the Bank to be so forthright on market movements.
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Consumer confidence has fallen for the third consecutive month amid household “jitters” over rapid price rises, figures show.
GfK’s long-running consumer confidence index fell four points to minus 25 in April, following falls of two points and three points in March and February respectively.
The deepening concern was driven by perceptions of the UK economy, with a six-point slide in confidence for the next 12 months to minus 43, its lowest level since February 2023.
Confidence in personal finances over the coming year fell five points to minus four – one point lower than this time last year.
The major purchase index – an indicator of confidence in buying big ticket items – held steady, albeit at minus 18 but one point better than last April.
The only measure to improve was the savings index – often an indication that households are concerned about their finances and looking to build contingency funds – which is up five points to 32.
Neil Bellamy, consumer insights director at GfK, said: “Consumers really do have the jitters now.
“It is a year since we last saw a monthly drop of this size, and we have to go back to October 2023 to find the last time consumer confidence was lower.
“Everyone is grappling with rapid price rises, especially at the fuel pumps, which are taking a dent out of household budgets, and people know further price hikes are coming.
“Consumer confidence is deteriorating sharply, with fuel prices and threats of more energy price increases acting as constant reminders of inflation.
“While the Gulf crisis is intensifying pressures, much of the current strain reflects earlier domestic cost increases.
“How long can all this disruption and pain continue?”
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Top stocks to buy today: Stock recommendations for April 24, 2026 – check list – The Times of India
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