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| October 22, 2001 | Monday | Shaba'an 4, 1422 |
US to reduce tariff, increase quota for Pakistan
ISLAMABAD, Oct 21: US Under-Secretary for Economic Affairs Alan Larson has said that his government is aware of the problems Pakistani industrialists are facing due to air attacks on Afghanistan.
He was talking to leading industrialists and exporters here on Sunday.
Commerce and Trade Minister Abdul Razak Dawood apprised Mr Larson about the serious negative impacts of cancellation of order on Pakistan’s economy, and urged him to ask his government for decrease in tariffs and enhancement of quotas.
He also asked Mr Larson to communicate a message to the US importers and buyers that all production units in Pakistan were running as usual and hoped that their orders would not be disrupted or re-located.
The business elite gave its views at the meeting by highlighting the matter of unemployment due to reduction in US orders and economy recession.
Mr Larson assured the exporters that the US would continue trade with Pakistan and a good package for boosting Pakistan exports, encompassing reduction in tariff and increase in quota would be proposed by his government.—APP
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