AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,819 Increased By 16.2 (0.21%)
BR30 25,577 Decreased By -238.9 (-0.93%)
KSE100 74,664 Increased By 132.8 (0.18%)
KSE30 24,072 Increased By 117.1 (0.49%)

ISLAMABAD: The federal cabinet has constituted a three-member Ministerial Committee to resolve cases to condone import/export related prohibitions and restrictions on a one-time basis and for hearing of appeals under Section 21 of the Trade Organizations Act, 2013, well informed sources told Business Recorder.

The cabinet was informed that under Section 21 of the Trade Organisations Act (TAO), 2013, appeals against an order of the “Regulator” of Trade Organisations are filed before the federal government. Similarly, paras 20 and 21 of the Import Policy Order (IPO) 2022 and para 5 of the Export Policy Order (EPO) 2022, empower the federal government to condone import/export related prohibitions and restrictions on one-time basis.

Sharing the details, sources said, on March 20, 2024, federal cabinet was informed that prior to Supreme Court’s judgment in the Mustafa Impex Case (PLD 2016 SC 808), with respect to the definition and scope of the expression “Federal Government”, the powers of the federal government were exercised by the Ministry of Commerce. However, in compliance with the orders of the Supreme Court in the abovementioned judgment, Ministry of Commerce had started sending summaries of routine matter to the federal government for approval.

Ministry of Commerce stated that it frequently received requests from importers/ exporters for condonation under the relevant paras of IPO and EPO, and appeals from trade bodies against the decisions of the DGTO.

Details of pending appeals under TOA, 2013 and requests received from business community for one-time exemption/condonation under EPO/IPO were also shared.

During the ensuing discussion, Minister for Law, Azam Nazir Tarar noted that under the exercise for definition and scope of the expression “Federal Government”, and replacement of the same with “appropriate authorities”, 61 laws were being amended to address the implications of the Mustafa Impex case; and that once the exercise was complete, such cases shall be resolved at the ministry’s level.

Commerce ministry requested the federal cabinet for constitution of a committee for considering the cases to condone import/export related prohibitions and restrictions on a one-time basis and for hearing of appeals under Section 21 of the Trade Organisations Act, 2013, with the Commerce minister as the convener and any other federal ministers, as deemed appropriate.

After discussion, the cabinet approved Commerce ministry’s proposal along with the following composition: (i) Minister for Commerce (Convener);(ii) Minister for Law and Justice (Member) ; and ( iii) Minister for Industries and Production (Member).

Copyright Business Recorder, 2024

Comments

Comments are closed.