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National Tariff Policy

Govt prepares draft for ‘National Tariff Policy’

ISLAMABAD: The government has prepared draft for 'National Tariff Policy' to simplify existing tariff structure for enhancing economic activity with the focus on exports.  The policy has been drafted by Commerce Division and National Tariff Commission to facilitate local manufacturers, including Small and Medium Enterprises. The draft National Tariff Policy recommends to gradually reduce duty on raw materials and machinery for export-oriented industries. The tariff slabs are proposed to be re-fixed at 5 per cent, 10…