Page 6 - Export Oriented Units News Today

LAHORE: Budgetary allocation for different sectors in Pakistan have remained stereotypical particularly for export sectors as instead of supporting long-term growth the emphasis remains on subsidies...

LAHORE: The Pakistan Hosiery Manufacturers and Exporters Association has lauded the Federal Board of Revenue for simplifying the export promotion schemes by developing a single unified scheme, and...

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World FZO ties up with India, Uruguay free trade zones DUBAI, 4 hours, 49 minutes ago The World Free Zones Organization (World FZO) has signed two new agreements with leading free zone organizations from India and Uruguay as part of its continuing efforts to establish cooperation and support economic zones around the world through its full range of free trade zone services.   The World FZO has commissioned the All-in-One Program to expand its services to a larger cross-section of the free ...

AGP Recommends FBR to Ensure Customs Duty Drawback Should Not be More Than Actual Duty Paid The Auditor General of Pakistan (AGP) has strongly recommended the Federal Board of Revenue (FBR) to ensure that customs duty drawback should not be more than the actual duty paid by the exporter. The latest audit report of the AGP on customs duty drawback for 2011 issued to the FBR revealed that timely issuance of duty drawback has been ensured through Rule 222 of the Customs Rules, 2001 which provides ...

Denial of energy input to export industry at competitive tariff National March 12, 2021 ISLAMABAD: The denial by the government to supply gas and electricity at regionally competitive tariff to the export industry has not only jeopardized the expansion in industrial base and investment that have so far taken place in the textile sector but also the $2 billion investment that is in the pipeline. And under the latest scenario, the expansion in industrial base has virtually come to rest, as all ...

Expansion in industrial base stalled, Aptma tells PM National March 12, 2021 ISLAMABAD: The denial by the government to supply gas and electricity at regionally competitive tariff to the export industry has not only jeopardized the expansion in industrial base and investment that have so far taken place in the textile sector but also the $2 billion investment that is in the pipeline. And under the latest scenario, the expansion in industrial base has virtually come to rest, as all the new equ...

Manufacturing under Customs Bonded Warehouse – Opening up new possibilities SECTIONS Last Updated: Jan 31, 2021, 10:02 AM IST Share Synopsis The manufacturing industry expects that the government, through the Budget, would bring in incentives or new schemes to infuse fresh life and to also, promote foreign investment in this sector which will assist in generating employment. Getty Images Under the CBWs scheme, a manufacturer is allowed to import duty-free inputs/capital goods for undertaking ...

Government considering continuation of export promotion scheme in new trade policy January 26, 2021 × The scheme is seen as more acceptable for WTO members than MEIS, which has been replaced The Centre is considering the option of continuing the Export Promotion Capital Goods (EPCG) scheme, which allows exporters to import certain capital goods used in manufacturing without paying duties, for some more time, despite a World Trade Organisation (WTO) panel ruling that the scheme is not consiste...