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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 the new equipment and feasibility was based on sustained gas/RLNG supply at regionally competitive r...

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 equipment and feasibility was based on sustained gas/RLNG supply at regionally competitive rates to pro...

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 manufacturing in CBWs. Union Finance Minister Nirmala Sitharaman would be presenting the Union Budg...

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 consistent with multilateral rules. In ongoing consultations for the new Foreign Trade Policy (FTP), the Dir...