Tariff structure being rationalized: Razak

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LAHORE
The tariff structure of the country is being rationalized and streamlined to ensure competitiveness of Pakistan’s industrial products in the global market and ease of doing business. This was said by Adviser to Prime Minister on Commerce and Textile Abdul Razak Dawood.
In a meeting with Punjab industrialists and officials of related departments on Saturday, Dawood emphasized that the government had managed to resolve the business community’s major problem of lack of access to the international market.
“Now, efforts are being initiated to ensure competitiveness of Pakistani products,” he said and pointed out that to achieve that, the government reduced and eliminated various duties on the import of industrial raw material. He revealed that other ways and means were also under consideration to enhance the competitiveness of Pakistani products in the international market. However, he was of the view that Pakistan needed consistency in its policies.
The adviser said China’s global imports currently hovered around $2.1 trillion and Pakistan should take maximum benefit of the opportunity, which was made possible through the promotion of industrial sector and establishment of Special Economic Zones (SEZs) and industrial estates.
PM aide says no need for further hike in gas prices. “China has agreed to import $1 billion worth of Pakistani goods and for the purpose, sugar and rice export targets have been met,” he said. “China has also promised to import additional consignments of $1 billion after completion of shipments in the first phase.”
However, “Pakistan is targeting to carve out a $200-billion share in Chinese imports,” he remarked. Dawood highlighted that China was relocating its industrial units to Pakistan and the government was focused on improving the industrial structure as well as full facilitation of businessmen in a bid to enhance export-oriented industrial production.

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