Govt revises duty drawback rates for electric fans: Razak Dawood

He said this is in pursuance of our policy of diversifying our exports into developmental sector

ISLAMABAD (Dunya News) – Advisor to the Prime Minister for Commerce and Investment, Abdul Razak Dawood on Monday said the government has revised duty drawback rates from 4.39% to 1.7% for electric fans after 11 years.

I am pleased to announce that FBR has issued the notification for new rates of duty drawback for electric fans. The rates have been revised to 4.39% from 1.7% after 11 years. I have always maintained that duty drawback is a right of the exporter and.. 1/3 @ImranKhanPTI @pid_gov

— Abdul Razak Dawood (@razak_dawood) September 14, 2020

"I am pleased to announce that Federal board of Revenue (FBR) has issued the notification for new rates of duty drawback for electric fans", the advisor said this in his official twitter account here.

"I have always maintained that duty drawback is a right of the exporter and hope that these measures will result in enhancing domestic production and consequent exports." he said.

This is in pursuance of our policy of diversifying our exports into developmental sector, where engineering goods is one of our top priorities. It is also our Government’s commitment to promote ‘Make in Pakistan’ and export-led growth. 3/3

— Abdul Razak Dawood (@razak_dawood) September 14, 2020

He said that this is in pursuance of our policy of diversifying our exports into developmental sector, where engineering goods is one of our priorities.

It is also the government s commitment to promote  Make in Pakistan  and export-led growth, he added.