Pakistan has surplus stocks of wheat, rice
and other agricultural commodities; the government is likely to impose
duty ranging from 15 to 30 per cent on the import of these products in
the budget 2015-16.The government is likely to review the rate of duty
on the import of basmati rice which is second largest export of Pakistan
after India. It has been proposed that duty should be increased from
10pc to 30pc in the next budget as import of basmati would forged
domestic production. Similarly, it was proposed that duty on the import
of broken rice should be enhanced from 10pc in 2014-15 to 30pc during
the next fiscal year since rice is a cash crop and Pakistan earns
foreign exchange on the export of rice. (agriwatch)
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