Pakistan to remove duties on many raw materials used by exporters: Razzak Dawood

MG News | March 11, 2020 at 12:02 PM GMT+05:00

0:00

March 11, 2020 (MLN): Advisor to the Prime Minister on Commerce, Textile and Industry, Abdul Razak Dawood has said that Pakistan is planning to remove duties on many raw materials used by exporters

In an interview given to Bloomberg, the Advisor said that a cut in duty on exports is imperative to help Pakistani products be competitive.

He reiterated that the government can continue to supply discounted energy to export-based factories.

He also informed that the Textile industry is now operating near maximum capacity.

Talking about the global slowdown, he said Pakistan’s exports are showing very good results despite the ongoing pandemic.

He also spoke about the Free-trade agreement with China which took effect from January, and said that the pact is likely boost exports by $500 million annually.

He also expressed joy over European Union extending favorable access to its markets to Pakistan for two more years.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	188,130.27 129.09M	-0.24% -457.39
ALLSHR	112,295.61 274.47M	-0.18% -207.57
KSE30	57,870.44 64.13M	-0.27% -156.46
KMI30	266,794.16 51.85M	-0.61% -1624.65
KMIALLSHR	72,157.91 139.12M	-0.49% -352.07
BKTi	53,653.18 28.97M	0.58% 307.05
OGTi	38,306.38 3.69M	-0.86% -332.10

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	88,440.00	88,985.00 87,900.00	855.00 0.98%
BRENT CRUDE	65.38	65.76 65.06	-0.21 -0.32%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.50 -2.80%
ROTTERDAM COAL MONTHLY	99.00	99.10 99.00	0.05 0.05%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	60.49	60.87 60.17	-0.14 -0.23%
SUGAR #11 WORLD	14.77	14.87 14.67	0.04 0.27%