ISLAMABAD: The National Assembly was informed on Thursday that governmenthas extended the export enhancement package for another three years withthe same previous conditions to encourage non-traditional exports of thecountry.
Parliamentary Secretary for Textile Aliya Hamza Malik told the House thatunder this package new export sectors such as transport equipment, autoparts and accessories; machinery including electrical machinery, furniture,stationary, fruits, vegetables, meat and meat preparation including poultryhave been included.
She said gas tariffs for LNG have been lowered for Punjab to bring it atpar with other provinces whereas there has been no increase in gas pricesfor export industries including jute, carpet, textile, sports goods,leather and surgical goods.
To a question she said under economic package to support economic growth,customs duties and regularity duties on 236 tariff lines of raw materialsand intermediate products have been reduced.
She said cotton yarn duty has been reduced to 0pc from 10pc while exportrates have been increased by 3pc for exporters.
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To a question, the parliamentary secretary told the house that lowelectricity cost will reduce the cost of doing business adding tariffincrease is not going to affect major exports.
Regarding trade with India, she said amid recent tension with India overKashmir issue the National Security Committee (NSC) meeting decided to haltall the bilateral trade with India while details of on-going trade would beshared later on. She said that Pakistan’s imports were reduced in the last10 months and exports have increased which was a positive indicator for theeconomy.
