Minister of State for Finance Ali Pervaiz Malik on Wednesday informed the Lower House of the Parliament that under the directions of the prime minister prioritizing an increase in exports, no restriction has been imposed on the industries importing raw material post-International Monetary Fund (IMF) program finalization.
He was responding to the question of Member National Assembly (MNA) Mussarat Rafique Mahesar during the question hour session of the seventh meeting of the 10th National Assembly session held.
Malik said the Ministry of Finance post-IMF Program has not imposed any restriction on the raw material import, whereas the government efforts for increasing exports were scaled up along with efforts to enhance competitiveness of businesses.
Earlier, Parliamentary Secretary for Commerce Zulfiqar Ali Bhatti said under the National Tarriff Policy 2019, the government have rationalized 6,500 tariff lines out of the total 7,580 and reduced 2,198 tariff lines to zero.
He added that a Rs 22 billion relief was given to the industry and traders, and the government was organizing trade expos to improve exports of the country.
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