$141mn generators imported in Feb

KARACHI: Smelling higher demand, traders imported 88 per cent more power generating machinery worth $141 million in February 2010 as compared to $75 million in January 2010.
Imports in February 2010 were higher by 17 per cent as compared to February 2009.

According to figures released by the Federal Bureau of Statistics (FBS), import of generators in July-February 2009-2010 fell by eight per cent to $1.1 billion as compared to one billion dollars in the same period in the last fiscal year.

Tariffs on 4,649 items to be cut under Safta

ISLAMABAD: Pakistan will bring down import tariffs on 4,649 items under Trade Liberalisation Programme (TLP) of South Asia Free Trade Area (Safta) agreement on Dec 31, 2009, officials of the commerce ministry said.
 
According to the details of agreement, by the end of current calendar year Pakistan will reduce import tariff to 5 per cent on 2,354 items, 5.12 per cent on 15 items, 5.36 per cent on 59 items, 6.8 per cent on 757 items, 8.72 per cent on 62 items, 9.2 per cent on 16 items and import tariff will be reduced on 1,389 items to 14 per cent, which is the maximum level.