Related Keywords: discourage export of raw material in bulk, government to levy regulatory duty, in shape of subsidy on electricity and gas bills, National Assembly of Pakistan, on raw and grey cotton, proposal in interest of the Country, proposed sales tax rebates, Standing Comittee on Commerce, taxation policies
At a meeting held by the National Assembly of Pakistan and Standing Committee on Commerce, it was announced that the government is considering levying a 10 percent regulatory duty on raw and grey cotton to discourage the export of raw material in bulk. Siraj Mohammad Khan, chairman Standing Committee on Commerce, addressing office bearers and members of the Karachi Chamber of Commerce and Industry (KCCI), said that exporters of cotton would protest against such levy, but the proposal was in the interest of the country.
