ECC discusses revenue impact of custom duty, sales tax withdrawal on cotton import

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ECC discusses revenue impact of custom duty, sales tax withdrawal on cotton import

Economic Coordination Committee held its meeting in Islamabad on Tuesday discussing revenue impact of the withdrawal of custom duty and sales tax on cotton import.

The committee held its meeting in Islamabad with Finance Minister Asad Umar in the chair.

The Committee asked for data on revenue impact and trade on proposal of Textile Division regarding withdrawal of custom duty and sales tax on cotton import.

Ministry of Industries briefed the committee on progress with regard to study on operationalization of Pakistan Steel.

The ECC desired for early completion and submission of the study.