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Prosperous Bangladesh is in India’s interest
Says Vikram Doraiswami Diplomatic Correspondent Diplomatic Correspondent
Any perception that India is not interested in Bangladesh s development should be dismissed as a conspiracy theory, Indian High Commissioner to Bangladesh Vikram Doraiswami said yesterday. Sometimes there is a sense that there is a lot of mistrust about our [Indo-Bangla] relations. Let me say categorically that a strong, stable, prosperous, flourishing Bangladesh is in India s fundamental national interest. Your success is the best thing that can happen to us, he said. Therefore, all the ideas that we are somehow not interested in Bangladesh s development, you can please dismiss them as conspiracy theories, Doraiswami said at a DCAB (Diplomatic Correspondents Association of Bangladesh) talk at the capital s Jatiya Press Club.
Uncertainty irks EV investors
Despite issuance of electrical vehicle (EV) policy for two and three-wheelers, non-issuance of Statutory Regulatory Orders (SROs) for customs duty and sales tax has put potential investors in a dilemma.
According to a notification issued by the Federal Board of Revenue (FBR) on February 3, 2021, to amend SRO 572(I)2020, there will be no more additional customs duty on the import of electric vehicles falling under Pakistan Customs Tariff (PCT) codes 8703.8030 (electric auto rickshaw), 8711.6040 (electric motorcycle), and 8711.6060 (three-wheeler electric-loader).
Even though the government of Pakistan has taken steps to promote electric vehicle technology in the country, the revenue board has exempted additional customs duty on the import of electric two and three-wheelers up to June 30, 2025.
The government is considering establishing a separate electric vehicle (EV) board, similar to the Engineering Development Board (EDB), in a bid to promote environment-friendly vehicles in the country.