Additional customs duties being removed

Category: General

The Tariff Policy Board (TPB) on Oct 8 agreed to work out a proposal for the removal of additional customs duty on 152 tariff lines to provide cheaper raw materials to domestic industries.  The TPB meeting, led by Adviser to PM Minister on Commerce and Investment asked the board to work out proposals to removal additional customs duties on remaining raw materials that are not manufactured in the country.  An official announcement said TPB members opined that there is an urgent need to remove anomalies in the tariff structure so that cost of doing business could be reduced by providing cheap raw materials to the industrial sector.  It is believed that the exercise would also help improve competitiveness of Pakistan’s exports vis-a vis trading partners. The meeting was attended by senior officers of relevant divisions.

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