Tag: duty

Scrape of regulatory duty on auto parts demanded

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article image STAFF REPORT LHR: Pakistan Association of Auto Parts Manufacturers (PAAPAM) Chairman M Siddique Misri has criticised the imposition of regulatory duty on auto parts manufacturers and termed it totally unfair and unjustified. In a statement, he said they are not only manufacturers, but these items are also being imported by them as raw materials. The Ministry of Finance has imposed 12.5 per cent regulatory duty on the import of tubes, pipes and hollow profiles, of cast iron, tubes…Read More

Govt. contemplates duty cut on invert type ACs, LED TVs for energy conservation

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article image Staff Report KHI:In order to boost energy conservation, government is likely to consider duty cut on inverter type ACs and LED TV sets to make these electronic devices affordable. The forthcoming budget will see duties cut as part of government initiative to combat the energy crisis that has pestered country in all sectors, said Ministry of Planning, Development and Reform Member Energy Akhtar Ali. "Reduction in duties will be applicable on both local manufacturers and importers,&…Read More