Search Results for: Pakistani

SPECIAL trade access to developed countries is always a boon to emerging market suppliers, and the European Union’s (EU) GSP+ system is especially sought after, and – noted a recent European Commission report – widely utilised.

GSP+ suspends EU duties on 66% of EU tariff lines, while for standard GSP, these same duties are merely reduced.…

THE PAKISTAN government has unveiled a new five-year industrial plan aimed at growing the country’s automotive manufacturing sector. The government says it will waive import duties on materials and technology needed to establish new auto plants in Pakistan and also reduce import duties charged on auto parts once these factories are operational.…

Pakistan’s textile producers have welcomed new tax incentives aimed at boosting the industry. Official documents provided to WTiN.com by Pakistan’s ministry of textile industry reveal that Pakistan’s government is planning to create of 3 million new jobs by providing tax incentives to its struggling textile industry.  …

JAPANESE development agencies are working to increase the level of textile imports sourced from Pakistan. The Japan International Cooperation Agency (JICA), based in Yokohama, is presently in discussions with the government of Pakistan about ways in which Japanese overseas development aid might be best put to use to assist this sector – of critical importance to the overall Pakistani economy.…

PAKISTAN’S textile producers will continue to benefit from European Union (EU) preferential tariffs following a European Union’s decision not to suspend Pakistan’s ‘generalised scheme of preferences plus’ (GSP+), status despite concerns about its human rights record.

The scheme has been beneficial to Pakistan’s textile industry – textiles and clothing account for around 75% of Pakistan’s exports to the EU.…

International cotton prices are expected to rise because Pakistan is importing more than five million bales of cotton this season, mostly from India, to compensate for a 34% fall in domestic production year-on-year caused by bad weather and pests. “Due to heavy rains, not only the cotton in the fields was spoiled but the pesticides and fertilizers were also diluted, leading to pink bollworm attack,” Khawaja Tahir, chairman Karachi Cotton Association (KCA), told WTiN.…

Despite a healthy growth in knitwear exports from Pakistan, the industry is concerned about a potentially harsh government budget, which is expected to be approved in June. There are indications the federal Pakistani government intends to hike sales tax rates from 2% to 5% on exports; impose a gas infrastructure development charge on businesses; and withdraw existing special subsidies that have benefited the knitwear sector.…

Pakistan has launched disputes proceedings at the World Trade Organisation (WTO) signalling it wants to challenge countervailing duties imposed by the European Union (EU) on Pakistani exports of certain polyethylene terephthalate (PET). In an unusual case brought by Pakistan against the EU, Islamabad is arguing that the European Commission mishandled an investigation prompting EU ministers to impose protective measures, compensating European PET-makers for Pakistan government tax breaks and subsidies.…

Pakistani meat exporters are optimistic that the Iranian government will lift an import ban imposed in early 2014 on Pakistan-produced meat following a meeting on Wednesday (April 22) between the country’s trade ministers.
Khurram Dastagir Khan, Pakistan’s commerce minister and Mohammed Reza Nematzadeh, Iran’s minister for industry, mines and trade met in Tehran at a scheduled session of the Pakistan Iran joint trade committee.…

THE PAKISTAN government has told the World Trade Organisation (WTO) that it will proactively seek foreign direct investment (FDI) for its clothing and textile sector as it seeks to leverage its GSP+ preferential trade access to the European Union (EU).
In a statement following the conclusion of a WTO trade policy review on Pakistan, Islamabad said: “There is bright potential for FDI in power, liquefied natural gas (LNG), gas, infrastructure development and petro-chemicals’ sectors.…