FBR revises duty drawback rates for leather sector

ISLAMABAD: Pakistan Customs (FBR) has revised upwards the rates of duty drawback for the leather sector, Adviser to Prime Minister on Commerce and Investment Abdul Razak Dawood said on Wednesday.

Taking to Twitter, Razak Dawood sating, “Pursuant to the Prime Minister’s vision of ‘Make in Pakistan’, Pakistan Customs (FBR) has revised upwards rates of duty drawback for the leather sector. The rates have been revised in accordance with the factual determination by IOCO after revision in valuations of input items.”

He continued, “This will increase the global competitiveness of our leather products and contribute towards export-led growth. The determination of revised rates of other sectors will follow, including furniture, footwear and pharmaceuticals etc.”

Earlier on August 26, Prime Minister Imran Khan had said that the government was committed to providing all-out facilities to exporters. Talking to a delegation of leading exporters who called on him in Islamabad, he emphasized the need for enhanced focus on capitalising the country’s potential in services related exports.

- Advertisement -
- Advertisement -

Must Read

TCS shuts down eCommerce business Yayvo.com, takes impairment loss of Rs1.2bn 

LAHORE: After a series of half-hearted attempts to sell off its eCommerce business, Yayvo.com, TCS has finally decided to pull the plug and shut...