The federal government has allowed duty-free import of another 100,000 tonnes of potatoes until November 15, 2014 to stabilise its local prices. On May 2, 2014 the government had imposed 25 per cent regulatory duty on potato export and on May 5 allowed import of 200,000 tonnes of potatoes on zero duty until July 31, 2014. However, the moves have so far failed to bring down the vegetable’s retail prices. The Federal Board of Revenue (FBR) on Friday issued three statutory regulatory orders (SROs) to extend the exemption period and increase the quantity of potato imports. With this addition, the total duty-free import of potatoes will now be 300,000 tonnes.
Source: www.dawn.com
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