Internatinal Business

Trade Policy 2009-12 aims to set the country on the path of sustainable high economic growth through exports.
The fundamental principles of the Strategic Trade Policy Framework are rooted in the manifesto of Pakistan People’s Party i.e.,
-Growth with Equity
-Greater Opportunities for gainful employment
-Sound macro-economic framework for trade environment
-Concern with poverty eradication and environmental protection
- Investing in Human resources
-Targeting Poverty alleviation
-Promoting private sector as engine of growth
-Focus on small scale sector particularly in agriculture
As guided by the prime minister and his cabinet, this policy is geared towards:
1.    Contributing towards poverty alleviation
2.    Achieving export led growth and providing relief to the common man through the provision of jobs and services
3.    Will focus strongly on development and facilitation
Import licences:
The GoP has removed the requirement for all importing firms in the private sector to register as importers. The GoP permits imports from all countries except Israel. However, in the case of loans, credits or specified revolving credits (like US PL480), imports are subject to availability from the specified source only. A few of the special conditions which apply to importers are:
Importers are required to obtain special authorization from the Ministry of Commerce for to import items on the negative/restricted list;
They must ensure that the correct Harmonized Schedule code number for every imported item is stated in the import documents;
Health hazard warnings must be printed in English and Urdu on every package of cigarettes;
Imports from India are governed under a specific trade regime and individual items specified by the Ministry of Commerce can be imported if they are classified under the Harmonized System numbers.
Tax avoidance and tax evasion
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Public finance
 
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