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pAkISTAN’S FIrST INDEpTH NEwSpApEr oN CuSToMS
Vol 1 Issue No. 44
karachi, Tue Dec 17 - Mon Dec 23, 2013
weekly
regd. No, MC-1381
Price Rs. 50.00
wITHDrAwINg ExEMpTIoNS
The govt is working on a plan for doing away with tax exemptions by December 31, says Finance Minister Ishaq Dar | SEE pAgE 02 |
For getting MFN status it is imperative that India must reduce non-tariff barriers for Pakistani products, says Khurram Dastgir | SEE pAgE 03 |
— Exclusive Customs Today photo
grANTINg MFN STATuS
2-DAy workSHop
FBR FATEWing in collaboration with GIZ arranged a 2-day workshop on internal communication strategy at Board’s Headquarters | SEE pAgE 09 | CArTooNS SpECIAl
| SEE pAgE 11 |
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P
unjab Governor Chaudhry Muhammad Sarwar said that he used his inMluence and experience in the European Parliament to campaign for GSP Plus status for Pakistan. Getting GSP Plus status is a great success of the current government. In an exclusive interview with Customs Today, the Governor revealed that since the beginning of September 2013, he has been battling to get new trade concessions for Pakistan from the European Union. In November, he visited European Parliament in Strasbourg with a view to further boosting support in Pakistan’s favour. “I met with several MEPs, including those who voted in favour of Pakistan’s membership to thank them
for their support,” he added. He said that the campaign went on until November 5, 2013, the day of crucial voting in International Trade Committee on GSP Plus proposals. Now European Parliament has granted GSP Plus status to Pakistan till 2017 which is a great achievement for the country and it will help boost economic activities as exports will get a quick uplift, he added. To improve the exports, necessary steps have been taken by the government, the Punjab Governor said, adding that required measures are also being taken for the effective implementation of these policies. Ch Sarwar said that with the approval of GSP Plus status for Pakistan, economics of the country’s textile industry has been completely changed. “Conservative estimates suggest it would increase our textile exports by more than $1 billion in the Mirst year, creating one million new jobs in the industry,” he said,
With the approval of GSP Plus status for Pakistan, economics of the country’s textile industry has been completely changed
adding that if gas and electricity is available, textile exports to Europe could reach $26 billion in Mive years. He said that it is a step in right direction to achieve Prime Minister Nawaz Sharif’s goal for revival of country’s economy and uplifting of textile industry. Replying to a question on current economic crisis in the country, the Governor said that it is aftermath of Minancial crunch in the world at large and this crisis also resulted in devaluation of rupee against dollar. He said that the government has implemented solid policies to ward off all the crises including deteriorated law and order situation, loadshedding of gas and electricity, decreasing foreign reserves, falling value of rupee and rising inMlation. He said that he would continue to visit different countries to present better image of Pakistan and to woo foreign investors especially overseas Pakistanis.