Business

Pakistan to Sign Free Trade Agreements with Turkey, Korea, Thailand

LAHORE: Commerce Minister, Khurram Dastgir Khan has said Pakistan would soon sign new Free Trade Agreements (FTA) with Turkey, Thailand and Korea. 

He was talking to media after having a meeting with All Pakistan Textile Mills Association (APTMA) in Lahore. He said the FTAs would also help exporting sector including textile to increase their exports.

He said, there should be zero rated tax on textile and other exporting sectors, while there should not be any sort of provincial taxes on these sectors.

Khurram Dastgir said government wants to make Pakistan major exporting country and to double the textile export from thirteen billion to twenty six billion dollars.

Currently Pakistan is enjoying FTA with China, Malaysia and SAARC countries which both the importers/exporters of country benefit from in terms of duties and taxes.

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