Exclusive: India hoping to close settlement on seven trade disputes during Modi s visit to the US moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
India, US close to settling seven trade issues out of court livemint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livemint.com Daily Mail and Mail on Sunday newspapers.
Govt to Introduce Measures in Next Budget to Increase Exports
The government is in the process of drafting major tax-related facilitative measures for exporters in the budget (2021-22) under an integrated strategy to ensure a significant increase in exports of Pakistan.
Top government officials told Propakistani that the government is issuing a new simplified scheme for exporters in the coming budget (2021-22) to allow the import of duties and taxes free input and raw materials consumed in the manufacturing of export goods. Finance Bill 2021 would incorporate the new scheme for exporters.
The exercise has been started to take a viewpoint on the new scheme. The scheme has been drafted and shared with the leading exporter associations for comments. The scheme would integrate all existing export schemes operated by the Federal Board of Revenue (FBR). Presently, different schemes are used by the exporters which would be integrated into a single scheme.
The Federal Board of Revenue (FBR) has devised an integrated strategy that has significantly increased exports of Pakistan from $1.6 billion (in August