Standing committee of the Senate on Finance on Thursday approved abolishing custom duties on the import of bulletproof vehicles for Chinese staff working on China Pakistan Economic Corridor.
According to officials after the approval, bulletproof buses, coasters and double cabins will be exempted from duties at the time of import for those working on CPEC project. The committee agreed that bulletproof vehicles should be exempted from duties for those working on foreign-funded projects.
“The security of those working on government projects is important,” the chairman of the standing committee said.
Senator Anwar ul Haq Kakar during the meeting said that if approved, it has been observed previously that bureaucrats and politicians take advantage of such policies. “It is important that FBR is allowed to generate revenue,” he said adding that it would help in upholding rule of law and strengthen the defence of the country.
On May 16, Prime Minister Shehbaz Sharif held a telephonic conversation with his Chinese counterpart Li Keqiang and discussed bilateral relations between the two countries.
During the telephone conversation between Shehbaz Sharif and Li Keqiang, the two also discussed the overall situation in the region.
