Pakistani’s exports to EU increase to $ 7.54 billion in 2014

BusinessPakistani's exports to EU increase to $ 7.54 billion in 2014

ISLAMABAD, Pakistan: Pakistani’s exports to European Union (EU) witnessed an increase from US$ 6.22 billion during 2013 to US $ 7.54 billion in 2014.

As a result of GSP Plus, Pakistan’s exports to EU registered an increase of US$ 1.32 billion in one year which connotes an increase of 21 per cent.

   

Pakistani exports grew by 9.42 per cent for the period January-October-2015 as compared to same period in 2014 in terms of Euros, an information issued by Commerce Division revealed.

The Ministry said as a result of GSP Plus duties on products originating from Pakistan have been withdrawn since 1st January, 2014. Preferential rate policy was applicable for Pakistan before January 1, 2014 during which duties upto 12.4 per cent were applied on textile products, 6.4 per cent on Leather and Footwear products etc.

However, at the moment, no duties are being applied on products originating from Pakistan in EU.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

Step taken to curb the menace of spurious drugs from the market

0
ISLAMABAD, Pakistan: The Policy Board of the Drug Regulatory Authority of Pakistan (DRAP) held its 51st meeting in Islamabad. The Federal Secretary of the Ministry...

Pakistan, UK to strength bilateral trade

0
ISLAMABAD, Pakistan: The Federal Minister for Commerce Jam Kamal Khan and the British High Commissioner to Pakistan Jane Marriott have outlined key strategies to...

AUD to INR: Australian Dollar to Indian Rupee Today – 21 March 2024

0
The Australian Dollar (AUD) was trading at 55.09 as per the Indian Rupee (INR) on Thursday. Currently, Indians are now the second-largest migrant group in...

USD to PKR: USD Dollar Rate in Pakistan Today – 21 March 2024

0
The US Dollar (USD) was being bought and sold at Rs 278.8 and Rs 281.55 in the Open Market against the Pakistani Rupee (PKR)...

Gold Price in Pakistan Today – 21 March 2024

0
On Thursday (March 21, 2024), the gold rate for one tola of 24-karat in Karachi, Pakistan, is Rs 224,650.000. It's important to note that gold...
Advertisement