July 5, 2022 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has approved the amendment in the Import Policy Order (IPO) 2022 to allow the import of goods of Afghan origin against the Pak Rupee and without the requirement of EIF forms for a period of one year.
The aforesaid approval is subject to the condition that Afghan exporters will provide a Certificate of Origin issued by Afghan Customs proving that the goods have originated from Afghanistan.
Headed by Federal Minister for Finance and Revenue Mr Miftah Ismail, ECC approved another summary from the Ministry of Commerce on suspension of import conditions contained in import policy order 2022 with regard to import of Timber/Wood.
In view of the hardship case of timber importers, as the consignments were supplied against contracts months ago and the shipments have already arrived, the ECC decided that the date of implementation of IPO 2022 regarding import of timber and wood falling under HS Codes 4401 to 4409 may be suspended till 31st August 2022 i-e for the bills of Lading issued till 31st August 2022.
Federal Minister for Planning, Development and Special Initiatives Mr Ahsan Iqbal, Federal Minister for Commerce Syed Naveed Qamar, Federal Minister for Power Mr Khurram Dastgir Khan, Minister of State for Petroleum Division Mr Musadik Masood Malik, Federal Secretaries and senior officers attended the meeting.
