ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved import of cotton and yarn from India.
This was disclosed by Abdul Razak Dawood, Adviser to Prime Minister of Pakistan for Commerce and Investment, in a tweet.
“To keep the momentum of our value-added exports, ECC in its meeting held today approved import of Cotton and Cotton Yarn from India, including land route,” he said, adding that this would now be placed before the Cabinet for approval, after which it will be notified.
The adviser said that the ECCP also approved the formation of a National Export Development Board (NEDB).
The board will be chaired by the Prime Minister Imran Khan and will also include ministers, exporters, investors and the business community, the adviser said this on his official twitter account.
He said the NEDB became the main forum to discuss the strategy, incentives and removal of business hurdles.
