Advisor to the Prime Minister on Commerce Abdul Razak Dawood has said that budget proposals, forwarded by different stakeholders, will be given due consideration by the Tariff Policy Board (TPB) so that economy of Pakistan can be revitalized at this difficult juncture.
He was chairing the 8th meeting of the TPB, held on 11th May 2020 in the Committee Room of the Ministry of Commerce.
The meeting was attended by the Secretary Ministry of Commerce, the Chairperson National Tariff Commission (NTC), Member Customs Federal Board of Revenue (FBR), and other senior officials of the concerned ministries.
During the meeting, Mr. Razak Dawood emphasized that the industry and the lowest strata of society would be provided all kinds of benefits, as per instructions of the Prime Minister, so that job opportunities can be generated in the shortest possible time.
In the meeting, the tariff-related proposals pertaining to different sectors of the economy for improving the competitiveness of Pakistan’s exports and giving new impetus to the process of industrialization were discussed at length. The recommendations of TPB on the tariff structure will be incorporated in the fiscal budget for the year 2020-2021.
It was decided by the Tariff Policy Board that the meetings of the Sub-Committee of the TPB would be convened regularly and the recommendations of the Sub-Committee will be placed before the Tariff Policy Board for deliberations and taking informed decisions thereon. The next meeting of the Tariff Policy Board will be held towards the end of this week