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

By 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	130,344.03 345.79M	1.67% 2144.61
ALLSHR	81,023.99 1,021.87M	1.55% 1236.37
KSE30	39,908.26 141.62M	2.05% 803.27
KMI30	189,535.00 150.29M	1.40% 2619.39
KMIALLSHR	54,783.66 508.76M	1.07% 581.78
BKTi	34,940.73 55.86M	4.37% 1464.05
OGTi	28,296.06 16.02M	1.19% 333.47

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,240.00	110,105.00 109,205.00	-1045.00 -0.95%
BRENT CRUDE	68.51	69.00 68.41	-0.60 -0.87%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.75 0.78%
ROTTERDAM COAL MONTHLY	109.20	110.00 108.25	1.70 1.58%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.87	67.50 66.78	-0.58 -0.86%
SUGAR #11 WORLD	15.56	15.97 15.44	-0.14 -0.89%