FBR s export facilitation strategy leads to significant trade growth upto 50pc
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FBR also removed regulatory duty on import of cotton yarn, till June 30, 2021
ISLAMABAD (Dunya News) – The Integrated Strategy, devised by the Federal Board of Revenue, has amply contributed to significant increase in exports from Pakistan, reaching to US $2.4 billion in December 2020 as compare to US $ 1.6 billion in August 2020, showing about 50 percent growth.
As compared to the exports of US $1.993 billion during the same month of last year, the exports in grew by 18.3 per cent, according to FBR data.
While mentioning factors that facilitated growth in exports, the board stated that import duties on 1,623 tariff lines, pertaining to basic raw material and intermediate goods were reduced to zero through the Finance Act, 2020.