Feb 14, 2020: Parliamentary Secretary Alia Hamza Malik on Friday said the government was fully committed for the revival and promotion of industrial sector including small and medium enterprises.
Replying to a question in the National Assembly, she said in this regard various incentives in customs and import duties have been provided to manufactures/SMEs.
She told that in budget for FY 2019-20, custom duty on 1639 industrial raw materials/inputs has been reduced to 0%. In addition to these other raw materials and intermediary goods required by the manufacturing sector including SMEs were subject to lowest tariff slabs 3% and 11 %respectively.
To another question Parliamentary Secretary said that current account deficit as per latest available data(July-December FY 20) was at 2.2 billion US$(0.8 percent of GDP) compared to 8.6 billion US$(3.0 percent of GDP) in the corresponding period last year.