Islamabad January 21 2022: Federal Minister for Finance and Revenue Mr. Shaukat Tarin, virtually presided over Economic Coordination Committee (ECC) of the Cabinet, today.
The ECC approved a summary presented by Ministry of Commerce and allowed removal of 45 % Regulatory Duty on the import of Chilghoza from Afghanistan as the reduction tariff on this item will encourage the legal import of unprocessed Chilghoza for processing in the country for export and will also be instrumental in creation of jobs in the far flung areas of border regions of Khyber Pakhtunkhwa and economically backward areas of Baluchistan.
The ECC, considering the food crisis and prevailing situation of Afghanistan, approved the summary presented by Ministry of Commerce and allowed the export of selected commodities to Afghanistan against Pakistan currency by adding them in the list of items at Para-7(1) of Export Policy Order, 2020.
The ECC, while noting the growth in exports, approved the summary tabled by Ministry of Commerce to enhance the quota limit for export of samples to twenty five thousand US dollars or 0.1% of actual export proceeds during the last financial year in US dollars per exporter per annum, by amending relevant paras of Export Policy Order, 2020.
Federal Minister for National Food Security and Research Syed Fakhar Imam, Federal Minister for Industries and Production Makhdoom Khusro Bakhtiar, Federal Minister for Water Resources Chaudhry Moonis Elahi, Federal Secretaries and senior officers attended the meeting.