Home / Knowledge / News / Textiles / Pak TPB to rationalise textile sector tariff structure

Pak TPB to rationalise textile sector tariff structure

10
Aug '20
Pic: Shutterstock
Pic: Shutterstock
Pakistan’s Tariff Policy Board (TPB) last week decided to rationalise the tariff structure for the textile sector, with a focus on raw materials. A meeting of the board chaired by adviser to the prime minister on commerce and investment Abdul Razak Dawood issued a statement that the Tariff Policy Centre (TPC) would study the tariff structure of the sector and make recommendations.

The commerce ministry, in consultation with the TPC, presented a future road map of tariff rationalisation before the TPB for consideration and feedback. The board also discussed different proposals, received from different sectors, regarding tariff rationalization, according to Pakistani media reports.

Dawood said tariff rationalisation is a complicated exercise and that it would take time to implement the National Tariff Policy 2019-24. A three-year plan for tariff rationalization should be finalised at the earliest, he said.

Fibre2Fashion News Desk (DS)


Must ReadView All

Pic: Shutterstock

Textiles | On 22nd Sep 2020

EFTA market study aims to increase trade with Philippines

To strengthen The Philippines' trade with the European Free Trade...

Pic: UKFT

Textiles | On 22nd Sep 2020

UKFT demands reversal to end VAT-free shopping

UKFT is urging the government to reverse its decision to end VAT-free ...

Pic: Centric Brands

Retail | On 22nd Sep 2020

Centric Brands confirms reorganisation plan

US-based Centric Brands Inc. recently announced that the US...

Interviews View All

Footwear industry, Head honchos

Footwear industry
Head honchos

There is rising demand for fancy, trendy and yet comfortable footwear

Akash Khetan, Narayan Tex Fab

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Rashi Menda, Zapyle

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Deepak Mundra,

Deepak Mundra

Surat-based Madhusudan Group is a vertically integrated textile...

Kuldeep Pareek,

Kuldeep Pareek

Italian company Schoch Reeds has been producing high-quality weaving reeds ...

Zafer Demirel,

Zafer Demirel

Turkey's Canlar Mechatronics is a leading designer and manufacturer of...

Mohammad Hassan, Biax Fiberfilm

Mohammad Hassan
Biax Fiberfilm

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

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Judy Frater, Somaiya Kala Vidya

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Sonam & Paras Modi, SVA

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Aneeth Arora, Péro

Aneeth Arora
Péro

The Woolmark Company has partnered with handmade fashion label Péro and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2020

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


Advanced Search