Home / Knowledge / News / MPCEPA kicks off today with New Year
MPCEPA kicks off today with New Year
Jan '08
The Malaysia-Pakistan Closer Economic Partnership Agreement (MPCEPA) comes into force from today and will hold its effect till 2014. With regard to this, the Federal Board of Revenue (FBR) on Monday announced a reduction of customs duty on import of over 5,900 items agreed in the contract.

Concerning trade in goods, Pakistan has removed tariff on nearly 23 percent of the current imports from Malaysia while the latter has withdrawn tariff on 78 percent of imports made from Pakistan.

The Free Trade Agreement will only help secure markets for Pakistani products in Malaysia. Besides, it will also strengthen trade relations between the two countries.

Pakistan on its part would provide market access to Malaysian goods like basic raw materials and intermediate goods and machinery. Malasia would also open-up its market to products like gems and jewellery, cotton yarn, cotton fabric, blankets, bed linen and many other home textile products.

Under the tariff reduction scheme, import duty on crude oil from today will be reduced to Rs8,100 per MT and from January 2014 to Rs7,650 per MT.

Must ReadView All

Textiles | On 20th Feb 2017

UK textile & apparel exports up 7.05% in 2016: UKFT

The exports of apparel and textiles from the UK have increased by...

Textiles | On 20th Feb 2017

Himatsingka Seide incorporates subsidiary in Europe

Himatsingka Seide Ltd, one of the largest producers of home textiles...

Courtesy: Green Initiatives

Apparel/Garments | On 20th Feb 2017

Green Initiatives launches Re:Form to end textile waste

Green Initiatives, a non-government institution, has launched...

Interviews View All

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Asim Dalal
Indo Count Retail Ventures

Today, there is no other emerging market as India, "we make in India and...

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Browse Our Archives


Subscribe today and get the latest News update in your mail box.
Advanced Search