Pakistan launches 100 million rupee export promotion policy
According to a report by Pakistan’s “Business Record” on January 8, according to sources, the Pakistani government will officially launch an export promotion policy worth 75 billion rupees on January 10, mainly targeting countries affected by sluggish global demand and India and Bangladesh. , Vietnam and other countries have a greater impact on export industries due to competitive pressure, and the textile industry will be the first priority industry to benefit.
Specific policy measures may include reducing the production tax burden on raw materials used in the export industry, implementing zero tariffs on exports, and exempting imported machinery and equipment from export industries. The All-Pakistan Textile Chamber of Commerce said that the Pakistani textile industry is eager for the government to introduce relevant preferential policies as soon as possible. Some business people pointed out that the government should further optimize the existing export tax refund process and shorten the time from application to tax refund for enterprises. Pakistan launches 75 billion rupees export promotion policy
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