{"id":61502,"date":"2020-02-16T09:40:00","date_gmt":"2020-02-16T04:40:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61502"},"modified":"2020-02-14T17:52:06","modified_gmt":"2020-02-14T12:52:06","slug":"govt-requested-formulate-five-year-export-policy","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/govt-requested-formulate-five-year-export-policy.html","title":{"rendered":"Govt requested to formulate five-year export policy"},"content":{"rendered":"\n<p>Islamabad: Dawlance Chief Executive Officer (CEO) Umar Ahsan Khan has requested the government to introduce a five-year export policy for the country\u2019s engineering sector by offering incentives to increase non-traditional exports, a news source reported. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/exporters-request-govt-to-release-sales-tax-refunds.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Exporters request govt to release sales tax refunds (opens in a new tab)\">Exporters request govt to release sales tax refunds<\/a><\/p>\n\n\n\n<p>Currently, Pakistan\u2019s primary export pool consists of textile and surgical goods. A new policy is required to transform that trend and engineering good has a potential of nearly USD 10-12 billion.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/kpcci-calls-for-simple-export-procedures.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"KPCCI calls for simple export procedures (opens in a new tab)\">KPCCI calls for simple export procedures<\/a><\/p>\n\n\n\n<p>He said that in the engineering sector, the total tax\namounts to something as high as 40% including the 29% corporate tax. He said\nsuch taxes make exports uncompetitive in the region when compared with prices\nof products sold by Thailand, India, and Bangladesh. \n\nHe said that 20 years ago, Turkey\u2019s export\nvolume was equal to that of Pakistan but Turkey kept improving the quality of\nits products. Now the volume of Turkish exports is four times higher than\nPakistan, he added.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Dawlance Chief Executive Officer (CEO) Umar Ahsan Khan has requested the government to introduce a five-year export policy for the country\u2019s engineering sector by offering incentives to increase non-traditional exports, a news source reported. Read: Exporters request govt to release sales tax refunds Currently, Pakistan\u2019s primary export pool consists of textile and surgical goods. A new policy is required to transform that trend and engineering good has a potential of nearly USD 10-12 billion. Read: KPCCI calls for simple export procedures He said that in the engineering sector, the total tax amounts to something as high as 40% including the 29% corporate tax. He said such taxes make exports uncompetitive in the region when compared with prices of products sold by Thailand, India, and Bangladesh. He said that 20 years ago, Turkey\u2019s export volume was equal to that of Pakistan but Turkey kept improving the quality of its products. Now the volume of Turkish exports is four times higher than Pakistan, he added.<\/p>\n","protected":false},"author":57,"featured_media":60548,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[19601],"persona":[],"class_list":{"0":"post-61502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-govt-requested-to-formulate-five-year-export-policy","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Govt requested to formulate five-year export policy - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Dawlance Chief Executive Officer (CEO) Umar Ahsan Khan has requested the government to introduce a five-year export policy for the country\u2019s\" \/>\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\/govt-requested-formulate-five-year-export-policy.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Govt requested to formulate five-year export policy - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Dawlance Chief Executive Officer (CEO) Umar Ahsan Khan has requested the government to introduce a five-year export policy for the country\u2019s\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/govt-requested-formulate-five-year-export-policy.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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