GSP

LAHORE: Human Rights Commission of Pakistan (HRCP) called a moot in which it was agreed that the federal government and the trade community must act expeditiously to ensure compliance with the GSP Plus conditionalities if they want to derive due benefit from the facilities offered by the European Union.

Islamabad: Minister for Finance Ishaq Dar announced that European Union has granted Generalised Scheme of Preferences (GSP) Plus status to Pakistan which is an accelerating tool for exports. Addressing the concluding session of the 16th Sustainable Development Policy Institute (SDPI) Conference, he said the government has taken some unpopular and difficult steps. “Due to these measures and prudent polices of the government economic indicators are showing positive signs where as the foreign investors’ confidence to invest…

KARACHI: The European Parliament has granted Generalized Scheme of Preferences (GSP) Plus status to Pakistan on Thursday through voting, it will be effective from January 1, 2014, ARY News reported. European Parliament took decision with 406 votes in favor of Pakistan out of 558; it will allow Pakistani products duty free access to European Union market. The status will be beneficial for Pakistan’s textile sector allowing access to 28 European countries with no need of paying any duty. It is a good opportunity for textile…