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ECC approves extension of PM's Export Package for next three years

08:58 PM | 30 May, 2018
ECC approves extension of PM's Export Package for next three years
ISLAMABAD - The Economic Coordination Committee (ECC) of the Cabinet has approved an extension of Prime Minister's Export Package for the next three years.

The decision was taken at an ECC meeting chaired by Prime Minister Shahid Khaqan Abbasi in Islamabad on Wednesday.

The Prime Minister's Export Package has vitally contributed towards the turnaround in exports in Financial Year 2018, which had been continuously declining since Financial Year 2014.

During the first 10 months of the current financial year, the exports have registered an increase of 14 percent compared with the corresponding period of the previous year.

In order to improve competitiveness and incentivize investment in export-oriented production, the ECC decided to extend Drawback of Local Taxes and Levies, on the same terms and conditions, for the commercial and manufacturer-exporters.

Besides, electric fans and other appliances, electrical equipment and cables, transport equipment leather products, stationery, furniture, fresh fruits and vegetables, and meat and meat preparations have also been included in the package.

The extension of the Prime Minister's Export Package for the value-added and non-traditional products and non-traditional markets for a period of three years will provide predictability to local and foreign investors to invest in export-oriented production capacities.

These components of the exports package are estimated to provide competitiveness benefits of around Rs 65 billion annually to the export sector.

The writer is a staff member. He has been affiliated with Pakistan's leading English newspapers and worked as News Producer at FM 107.4. Death (as...he believes...life is a station, and death is a longest journey from seen to unseen world), Rain, and winter's Full Moon 'Jarray ki Chandani' always fascinate him too much.

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US Dollar, Euro, Pound, Dirham, Riyal Rate in Pakistan Today Open Market Rates - 15 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 15, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)       
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25 303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65



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