Import duty on non-boiled rice reduced to 25%

The government has reduced the import duty on non-boiled rice to 25 percent to increase supply of the rice in the market.

The Internal Resources Department (IRD) of finance ministry issued a notification in this regard today.

Earlier, the import duty on non-boiled rice was 65 percent.

In the notification, the IRD said the decision was taken in consultation with the National Board of Revenue (NBR) in the public interest. This notification will take effect immediately, it said.

On January 7, the NBR also reduced import duty on boiled rice to 25 percent from 62.5 percent.