Pakistan slaps 25 percent duty on Indian potatoesJanuary 14th, 2009 - 4:47 pm ICT by ANI
Islamabad, Jan.14 (ANI): Potatoes from India will now be dearer for Pakistanis after the levy of a 25 percent tax import duty.
The Pakistans Economic Coordination Committee (ECC) chaired by Prime Ministers Advisor on Finance Shaukat Tarin has slapped an import duty of 25 percent on potatoes coming from India, The Nation reported.
A statement issued by the Committee said that the decision was taken due to Pakistans self-sufficiency in potato cultivation. It added that higher tax imposed against the Indian potatoes would encourage the Pakistani farmers to increase their crop yield.
The ECC decision would provide incentive to local farmers for increasing crop yield to cater to domestic market needs. Pakistan is now self-sufficiency in indigenous production of potatoes growing more than 2.5 million tonnes on 1.3 million hectares area of land, the statement said. (ANI)
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Tags: 5 million, coordination committee, economic coordination, farmers, finance, import duty, India, indigenous production, levy, pakistan, pakistanis, potato cultivation, potatoes, prime ministers, self sufficiency, tarin, tonnes