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Polyethylene, polypropylene: Tariff cuts must reflect in export growth: expert
ISLAMABAD: The government’s policy of reducing tariffs on imported raw materials needs to be reviewed against actual export performance, as available trade data suggest that substantial tariff concessions on polyethylene (PE) and polypropylene (PP) have led to a much larger increase in imports than in downstream exports. An expert, while analysing the impact of tariff liberalisation under the National Tariff Policy (NTP), said the policy was based on the assumption that cheaper imported raw materials would reduce production costs, improve the competitiveness of downstream industries and ultima...
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