{"id":65259,"date":"2020-05-10T09:55:00","date_gmt":"2020-05-10T04:55:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65259"},"modified":"2020-05-08T15:25:50","modified_gmt":"2020-05-08T10:25:50","slug":"fpcci-recommends-setting-up-export-processing-zones-for-used-vehicles","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fpcci-recommends-setting-up-export-processing-zones-for-used-vehicles.html","title":{"rendered":"FPCCI recommends setting up Export Processing Zones for used vehicles"},"content":{"rendered":"\n<p>Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested for a \u2018used vehicles Export Processing Zone (EPZ)\u2019 to be set up either in Karachi, Port Qasim or <a href=\"https:\/\/www.zameen.com\/news\/fpcci-gwadar-model-city.html\" target=\"_blank\" rel=\"noreferrer noopener\">Gwadar<\/a> for the import and export of both right-hand and left-hand-drive vehicles, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fpcci-asks-for-tax-relief-health-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\">FPCCI asks for tax relief for health sector<\/a><\/p>\n\n\n\n<p>Analysts have opined that given the more attractive sea and the land route to the African and Central Asian markets, as well as its accompaniment of affordable labour, painters and mechanics, this Pakistan-EPZ may hold the potential to become an even more prominent transit avenue than the one located in the UAE.<\/p>\n\n\n\n<p>Moreover, the FPCCI has observed that some manufactures are demanding for expatriates to be allowed to send their foreign exchange to manufactures through banks for the deliveries of goods to their relatives in Pakistan \u2013 which may be treated as exports.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fpcci-urges-sbp-develop-mechanism-facilitate-direct-paypal-access.html\" target=\"_blank\" rel=\"noreferrer noopener\">FPCCI urges SBP to develop mechanism to facilitate direct PayPal access<\/a><\/p>\n\n\n\n<p>Further, the chamber has proposed that goods which are ordered or booked abroad and foreign, and whose corresponding foreign exchange is sent to Pakistan through the banking channel, to be treated as exported goods completely or partially exempted from taxes or local duties.<\/p>\n\n\n\n<p>The federation has made these recommendations to the commerce ministry and the Federal Board of Revenue (FBR) to enable imports for re-exportations under Duty and Tax Remission for Export (DTRE) rules with 5-10% value addition.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested for a \u2018used vehicles Export Processing Zone (EPZ)\u2019 to be set up either in Karachi, Port Qasim or Gwadar for the import and export of both right-hand and left-hand-drive vehicles, according to news sources. Read: FPCCI asks for tax relief for health sector Analysts have opined that given the more attractive sea and the land route to the African and Central Asian markets, as well as its accompaniment of affordable labour, painters and mechanics, this Pakistan-EPZ may hold the potential to become an even more prominent transit avenue than the one located in the UAE. Moreover, the FPCCI has observed that some manufactures are demanding for expatriates to be allowed to send their foreign exchange to manufactures through banks for the deliveries of goods to their relatives in Pakistan \u2013 which may be treated as exports. Read: FPCCI urges SBP to develop mechanism to facilitate direct PayPal access Further, the chamber has proposed that goods which are ordered or booked abroad and foreign, and whose corresponding foreign exchange is sent to Pakistan through the banking channel, to be treated as exported goods completely or partially exempted from&hellip;<\/p>\n","protected":false},"author":75,"featured_media":62138,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15153],"tags":[28592,28591,28590],"persona":[],"class_list":{"0":"post-65259","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-trade","9":"tag-export-processing-zone-epz","10":"tag-federation-of-pakistan-chambers-of-commerce-and-industry-fpcci","11":"tag-fpcci-recommends-setting-up-export-processing-zones-for-used-vehicles","12":"cat-15015-id","13":"cat-15153-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FPCCI recommends setting up EPZ for used vehicles - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested for a \u2018used vehicles Export Processing Zone (EPZ)\u2019 to be set\" \/>\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\/fpcci-recommends-setting-up-export-processing-zones-for-used-vehicles.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FPCCI recommends setting up EPZ for used vehicles - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested for a \u2018used vehicles Export Processing Zone (EPZ)\u2019 to be set\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fpcci-recommends-setting-up-export-processing-zones-for-used-vehicles.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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