Powdered Milk
15pc suppl duty cut
Star Report
The government has withdrawn 15 percent supplementary duty on imported bulk powdered milk in a bid to slash its prices, a National Board of Revenue (NBR) statement said yesterday. The duty will now come down 22.43 percent to 56.5 percent from 78.93 percent, the statement added. The government also reduced supplementary duty on imported energy-saving light to 15 percent from 40 percent to promote its import, as it provides light four times the electricity consumed. The NBR also said the government decided to cut 7.5 customs duty on imported soyabean and sesame in an attempt to encourage entrepreneurs to set up such industries.
| 
