Govt revises duty drawback rates from 4.39% to 1.7% for electric fans: Dawood

MG News | September 14, 2020 at 06:06 PM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

Sep 14, 2020: The advisor to Prime Minister for Commerce and Investment, Abdul Razak Dawood on Monday said the government has revised duty drawback rates from 4.39% to 1.7% for electric fans after 11 years.

“I am pleased to announce that Federal Board of Revenue (FBR) has issued the notification for new rates of duty drawback for electric fans", the advisor said this in his official twitter account here.

“I have always maintained that duty drawback is a right of the exporter and hope that these measures will result in enhancing domestic production and consequent exports.” he said.

He said that this is in pursuance of our policy of diversifying our exports into developmental sector, where engineering goods is one of our priorities.

It is also the government’s commitment to promote ‘Make in Pakistan’ and export-led growth, he added.

APP

Related News

Name	Price/Vol	%Chg/NChg
KSE100	177,370.71 271.87M	0.23% 404.02
ALLSHR	107,716.20 642.21M	0.11% 116.44
KSE30	52,827.24 82.38M	0.35% 182.71
KMI30	251,579.93 132.42M	0.03% 64.11
KMIALLSHR	69,528.14 417.99M	0.00% 2.11
BKTi	50,313.91 13.15M	1.11% 551.71
OGTi	36,509.94 8.96M	-0.87% -321.36

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	78,605.00	79,200.00 78,525.00	85.00 0.11%
BRENT CRUDE	87.69	87.77 87.12	-0.15 -0.17%
RICHARDS BAY COAL MONTHLY	110.30	0.00 0.00	0.80 0.73%
ROTTERDAM COAL MONTHLY	124.80	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,228.00	1,228.00 1,228.00	0.00 0.00%
CRUDE OIL - WTI	81.99	82.17 81.53	-0.24 -0.29%
SUGAR #11 WORLD	17.62	17.84 17.14	0.35 2.03%