Govt to cut import duties on industrial inputs from January Business December 27, 2020 LAHORE: Import duties on industrial inputs will be slashed by six percent from January 1 to spur industrial production and encourage export-oriented sector, commerce adviser said on Saturday. Adviser to the Prime Minister on Commerce and Investment Razak Dawood said the duty reduction will benefit the industry. “I am the representative of industrialists in Islamabad and I will help in solving all their genuine problems,” Dawood said during a meeting with industrialists and businesspeople. Commerce adviser sought feedbacks from industrialists for long-term planning of industrialisation. The government introduced a new tariff policy to rationalise duties on raw materials essential for manufacturing in the country due to unavailability of local substitutes.