Govt working on changes in tariff structure for upcoming budget: Dawood.

ISLAMABAD -- Advisor to the Prime Minister on Commerce and Investment Abdul Razak Dawood on Tuesday said the Ministry of Commerce was aggressively workimg on changes in the tariff structure for the upcoming budget.

The tariff structure changes were aimed at facilitating local production thereby moving towards local manufacturing under the 'Make in Pakistan Policy', the adviser posted on his Twitter handle.

He said the government wanted to increase customs duties instead of direct income tax. It also wanted to document the non-tax businesses and bring them in tax net.

The advisor said the government might not change export tariffs and tax slabs in the upcoming budget (2020-21).

He said the coronavirus had changed the world. 'We are reviewing the recent situation, now the business process will be completely different.'

Such difficult period, he said, always brought out new opportunities, new products, and new ways of thinking. It was a golden opportunity for Pakistan to pursue the 'Make in...

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