DLTL – BOL News Staging

MPIMA demand “cruel” policy on smartphone industry be repealed

June 9, 2022 by Suhaib Ahmed

The MPIMA has asked for the cancellation of the 100% cash margin and prior approval from the central bank on import LCs (letters of credit). They also requested that the R&D allocation be increased to 8-10% and that an SRO be issued for a New Duty Drawback Scheme on local mobile phone production. The Mobile … Read more

Trade body seeks 50% cut in withholding tax to boost exports

October 20, 2021June 9, 2021 by Web Desk

KARACHI: Exporters on Wednesday proposed the government to slash the withholding tax by 50 percent to enhance earnings. In its budget proposals announced at a press conference, the Pakistan Hosiery Manufacturers Association (PHMA) said, at present, the withholding tax on exports is one percent, which is considered as the final liability. The government should reduce … Read more

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