SBP should review policies to reinstate trade, industry: Naveed pakobserver.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pakobserver.net Daily Mail and Mail on Sunday newspapers.
ISLAMABAD: Pakistan and Kyrgyzstan has agreed to enhance the economic and trade cooperation and increase the regional connectivity to provide regional economic and trade integration with Central Asian States.
Parliamentary Committee Expresses Concern Over High Textile Tariffs
While chairing the 20
th meeting of the Standing Committee on Commerce, Chairman Syed Naveed Qamar expressed serious concern about Pakistan’s high textile tariffs as compared to other regional competitors.
He urged the government to take immediate steps regarding the rationalization of tariffs of the Textile Sector.
He said that Textile and Apparel accounts for over 60 percent of Pakistan’s exports, and higher import tariffs are increasingly being dubbed as the tax on exports making exports uncompetitive.
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Advisor to the Prime Minister for Commerce, Textile and Investment, Abdul Razak Dawood, informed the Committee that National Tariff Commission (NTC) was directed to complete the study of the Textile Sector to rationalize the tariffs of the sector in line with the recommendations of the study.