Pakistan, March 24 -- The Federation of Pakistan Chambers of Commerce & Industry's Businessmen Panel (BMP) has expressed serious concern over the government agreement with the IMF to completely abolish additional customs duties, cut regulatory duties by 80%, and withdraw concessions for the local industry.
FPCCI former president and BMP Chairman Mian Anjum Nisar observed that the IMF had long been raising concerns over the protection available to local industries, but Pakistani authorities were reluctant to open these areas.
Pakistan's agreement with the IMF on trade liberalisation comes at a time when the world is closing its borders to foreign companies.
Anjum Nisar said that government agreement with the International Monetary Fund to...