Regular Duty Imposed in Steel by Pakistan Govt

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ISLAMABAD: The Economic Coordination Committee of the cabinet has imposed regulatory duty on mobile phones and steel products and approved a policy for short-term independent power producers.

The ECC imposed 15pc regulatory duty on steel products – billets, barsand wire rods, and 5pc on cold-rolled coils and galvanised platted sheets to protect local manufacturers.

An official statement issued after the meeting said the levy of regulatory duty aims at giving a boost to the local industry and curb dumping. Local manufacturers have been demanding tariff protection and imposition of regulatory duty.

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