WB To Provide Technical Assistance For Developing Tariff Policy
Faizan Hashmi Published November 08, 2016 | 08:25 PM
ISLAMABAD, Nov 8 (UrduPoint / Pakistan Point News - 08th Nov, 2016 ) : World Bank has agreed to provide technical assistance to Pakistan for the development of a new tariff policy structure. A high level World Bank delegation led by its Country Director Patchamuthu Illangovan and Senior Director, Trade and Competitiveness Ms Anabel Gonzalez here on Tuesday met Minister for Commerce Engineer Khuram Dastgir Khan.
During the meeting it was decided that the new tariff policy proposal would be developed by the Ministry of Commerce and all technical assistance would be provided by the World Bank. The minister nominated Dr Nazim Latif, Director General Trade Policy as team leader from the ministry to initiate the deliberations.
Speaking on the occasion, the minister said that in order to make Pakistani products more competitive in international market, there was a need to increase export competitiveness.
He told the delegation that Pakistan's macroeconomic situation had improved considerably as energy crisis had been addressed on sustainable basis.
The minister viewed that Pakistan had made substantial progress in ease of doing business and would continue improving by introducing required legislation and administrative measures. Ms Anabel Gonzalez said Pakistan's economy was progressing and it was going in the right direction.
The World Bank would provide all the required technical assistance in that regard, she added. The World Bank Country head said that the bank would also engage international trade experts who had success stories at their credit from the contemporary economies in tariff policy making process.
Related Topics
Recent Stories
Saka and Odegaard start for Arsenal, Guerreiro in Bayern midfield
Qatar PM says re-evaluating Israel-Hamas mediation role
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinou ..
Minister appreciate UAE’s support for Pakistan economic challenges
Manchester City v Real Madrid Champions League starting line-ups
MIGA's support Pakistan in attracting foreign investments: Federal Minister for ..
Walker returns to captain Man City for Real Madrid clash
Action taken against price list violations in Khanewal district
DC chairs review meeting of DEG
Turkey accuses Israel's Netanyahu of using war 'to stay in power'
Pakistan ranked 5th most vulnerable country to climate change. Tirmizi
Nadal comeback ends in Barcelona Open second round
More Stories From Pakistan
-
Govt spokesperson terms allegations of PTI's Marwat against Saudi Arabia 'heinous attempt'
2 hours ago -
Action taken against price list violations in Khanewal district
3 hours ago -
DC chairs review meeting of DEG
3 hours ago -
Govt to ensure timely water supply in backward areas of Sindh: Jam Shoro
3 hours ago -
Bilawal condemns attack on PPP candidate in Bajaur
3 hours ago -
PRCS observed World Hemophilia Day
3 hours ago
-
Rain forecast across Kashmir on April 18th-19th
3 hours ago -
Local trader killed after abduction
3 hours ago -
Commissioner Karachi chairs meeting on civic problems
3 hours ago -
Blind murder traced, 5 including constable arrested
3 hours ago -
Sindh govt to introduce non-formal education system to facilitate 2 million out of school children
4 hours ago -
Mayor Karachi imposes rain emergency in view of rain forecast: COO KWSC
4 hours ago