PR No.127 Prime Minister’s Package for non-textile sector, Notification issued.” (ENGR. KHURRAM DASTGIR KHAN) Islamabad

Federal Minister for Commerce Engr. Khurram Dastgir Khan chaired an inter-ministerial meeting attended by secretary textile and secretary commerce.

The minister for commerce said that the required notifications for both textile and non-textile sectors based upon the announcement made by the honourable Prime Minister to give duty drawback package to exporters has now been issued and the required circular is expected any day.

The minister further said that all the procedural formalities have been completed and very soon the exporters will be able to take advantage of the package as it will be available for exporters from 16th of January.

Earlier, the minister for commerce Khurram Dastgir Khan also held a meeting with Secretary General, Economic Cooperation Organization (ECO), H.E. Mr. Halil Ibrahim Akca.

The minister for commerce welcomed the delegation led by Secretary General ECO and said that Pakistan attaches high importance to the ECO Trade Agreement (ECOTA) and that expeditious implementation of the ECOTA tariff concessions would be a major step towards minimizing barriers to trade and ultimately establishing a free trade area in the ECO region.

The ECOTA was signed by five out of ten ECO member states, including Pakistan, Afghanistan, Iran, Tajikistan and Turkey.

The minister said that Turkish government must open ECOTA concession list because Pakistan seriously considers the ECOTA Agreement and has already opened its concession list. Pakistan, designated as the coordinating country of ECOTA, had taken a lead in opening ECOTA concession list to the ECO Secretariat in 2008.