{"id":57818,"date":"2019-11-20T17:33:33","date_gmt":"2019-11-20T12:33:33","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57818"},"modified":"2019-11-20T17:33:33","modified_gmt":"2019-11-20T12:33:33","slug":"cabinet-approves-national-tariff-policy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cabinet-approves-national-tariff-policy.html","title":{"rendered":"Cabinet approves National Tariff Policy"},"content":{"rendered":"<p>Islamabad: The federal cabinet has provided its approval to Pakistan\u2019s first-ever \u2018National Tariff Policy\u2019 (NTP) aimed at reorienting the country\u2019s tariff setting from revenue generation to trade promotion (exports in particular) \u2013 according to news sources.<\/p>\n<p>This approval was given during a cabinet meeting on Tuesday, with Prime Minister (PM) Imran Khan in the chair. The PM issued directions to the commerce division to initiate the policy implementation following budget 2021 announcement.<\/p>\n<p>As per reports, a special cell would be constituted under the commerce division and it will be empowered to charge tariffs and impose regulatory duties.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/adb-proposes-framework-to-improve-trade-procedures-in-pakistan.html\" target=\"_blank\" rel=\"noopener noreferrer\">ADB proposes framework to improve trade procedures in Pakistan<\/a><\/p>\n<p>Policy implementation will be completed through a Tariff Policy Board (TPB) with Commerce Minister\/ Adviser in the chair. The members of the board will include Minister of Industries &amp; Production, Secretaries of Finance, Commerce and Revenue, Board of Investment, Chairman <a href=\"https:\/\/www.zameen.com\/news\/fbr-committee-finalise-fixed-tax-scheme-traders.html\" target=\"_blank\" rel=\"noopener noreferrer\">Federal Board of Revenue (FBR)<\/a> and National Tariff Commission.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fixed-tax-scheme-for-small-traders-survey-to-start-soon.html\" target=\"_blank\" rel=\"noopener noreferrer\">Fixed tax scheme for small traders; survey to start soon<\/a><\/p>\n<p>A Tariff Policy Centre (TPC) will be created at Commerce Ministry to serve as TPB secretariat. This facility will redirect the priorities of the trade sector and enhance competitiveness by granting duty-free access to imported raw materials as well as promote investment activity within the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal cabinet has provided its approval to Pakistan\u2019s first-ever \u2018National Tariff Policy\u2019 (NTP) aimed at reorienting the country\u2019s tariff setting from revenue generation to trade promotion (exports in particular) \u2013 according to news sources. This approval was given during a cabinet meeting on Tuesday, with Prime Minister (PM) Imran Khan in the chair. The PM issued directions to the commerce division to initiate the policy implementation following budget 2021 announcement. As per reports, a special cell would be constituted under the commerce division and it will be empowered to charge tariffs and impose regulatory duties. Read:\u00a0ADB proposes framework to improve trade procedures in Pakistan Policy implementation will be completed through a Tariff Policy Board (TPB) with Commerce Minister\/ Adviser in the chair. The members of the board will include Minister of Industries &amp; Production, Secretaries of Finance, Commerce and Revenue, Board of Investment, Chairman Federal Board of Revenue (FBR) and National Tariff Commission. Read:\u00a0Fixed tax scheme for small traders; survey to start soon A Tariff Policy Centre (TPC) will be created at Commerce Ministry to serve as TPB secretariat. This facility will redirect the priorities of the trade sector and enhance competitiveness by granting duty-free access to imported&hellip;<\/p>\n","protected":false},"author":75,"featured_media":34938,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14049],"persona":[],"class_list":{"0":"post-57818","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-cabinet-approves-national-tariff-policy"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cabinet approves National Tariff Policy - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal cabinet has provided its approval to Pakistan\u2019s first-ever \u2018National Tariff Policy\u2019 (NTP) aimed at reorienting the country\u2019s tariff\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cabinet-approves-national-tariff-policy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cabinet approves National Tariff Policy - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal cabinet has provided its approval to Pakistan\u2019s first-ever \u2018National Tariff Policy\u2019 (NTP) aimed at reorienting the country\u2019s tariff\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cabinet-approves-national-tariff-policy.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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