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Pakistan to impose tax on import of Chinese petrol

Islamabad [Pakistan], March 11 (ANI): Pakistan has decided to impose a 10 percent regulatory duty on the import of petrol from China in a bid to plug the loophole created by the agreement between Pakistan and China in 2019 that abolished tariff on import of petrol and subsequently caused losses of over Pakistani Rs 40 billion.
Under the China-Pakistan Free Trade Agreement (CPFTA) renegotiated in 2019, the Pakistan governm