Falling tea imports causing losses, says association

KARACHI: The Pakis­tan Tea Association (PTA) on Saturday claimed that the imposition of Rs1,200 per kg minimum retail price (MRP) has slowed down black tea imports.

PTA Chairman Muham­mad Altaf informed the Federal Board of Revenue (FBR) that tea imports plunged to 31,651 tonnes ($76 million) during Nove­mber-December aga­inst 40,626 tonnes ($97m) in the corresponding period last year.

The declining imports have caused a revenue loss of Rs3.23 billion to the national exchequer in the first half of FY25.