Pakistan: No Restriction on Industries Importing Raw Material
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
Minister of State for Finance Ali Pervaiz Malik on Wednesday informed the Lower House of the Parliament that under the directions of the prime minister prioritizing an increase in exports, no restriction has been imposed on the industries importing raw materials post-International Monetary Fund (IMF) program finalization.
He was responding to the question of Member National Assembly (MNA) Mussarat Rafique Mahesar during the question hour session of the seventh meeting of the 10th National Assembly session held.
Malik said the Ministry of Finance post-IMF Program has not imposed any restriction on raw material import, whereas the government efforts for increasing exports were scaled up along with efforts to enhance the competitiveness of businesses.
Earlier, Parliamentary Secretary for Commerce Zulfiqar Ali Bhatti said under the National Tariff Policy 2019, the government has rationalized 6,500 tariff lines out of the total 7,580 and reduced 2,198 tariff lines to zero.
He added that a Rs 22 billion relief was given to the industry and traders, and the government was organizing trade expos to improve exports of the country.
Reference Link:- https://propakistani.pk/2024/10/23/no-restriction-on-industries-importing-raw-material-minister/
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
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