ISLAMABAD: Minister for Finance and Revenue, Senator Ishaq Dar on Friday proposed reduction in rate of custom duty to import machinery for dairy, livestock and poultry sectors from 5 percent to 2 percent.
This reduction would encourage further investment and development of the sectors, he said in his budget 2016-17 speech.
The minister said, incubators and brooders, and machinery for animal feed stuff presently subject to 5 percent customs duty in tariff was proposed to be reduced to 2 percent.
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