960429

Govt allows

export of old

machinery

ISLAMABAD: The Federal Government has announced that old and second hand machinery (directly imported or locally purchased) will be eligible for export with immediate effect. Such machinery should have been in use in Pakistan for more than five years and no bank loans should be outstanding against it. No refund of import levies or duty drawback shall be made on export of such machinery. The value of the machinery will be assessed by pre-shipment inspection companies, says a handout.-APP