September 30, 2020 (MLN): Pakistan Customs (FBR) has revised upwards rates of Duty Drawback for the Leather sector under Prime Minister's vision of “Make in Pakistan”.
In a tweet, the Advisor to PM for Commerce and Investment, Abdul Razak Dawood said that the rates have been revised in accordance with the factual determination by Input Output Coefficient Organization (IOCO) after revision in valuations of input items.
‘This will increase the global competitiveness of our leather products and contribute towards export-led growth. The determination of revised rates of other sectors will follow, including furniture, footwear and pharmaceuticals, etc’, he further said.
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