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Gradual tariff reduction on import of bikes conceded – Alfalah Securities Limited

Karachi, October 03, 2012 (PPI-OT): Economic Coordination Committee (ECC) has decided to rationalize the tariff structure for the two-wheeler industry, and approved to gradually reduce tariff.

According to Alfalah Securities Limited, it would be done in a way that the local industry is not much affected adversely. For this purpose, ECC has decided to constitute a committee for the finalization of the new tariff structure. In case of favourable tariff rationalization, Yamaha – a Japanese motorcycle company would invest USD 150 million where it has already bought land in Bin Qasim Town, Karachi. It would be positive for the growth of Motorcycle industry in Pakistan while it attracts foreign investment.

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