BUSINESS

NBR slashes duty on rice import

The government has slashed duty on rice import to reduce the rice price in the local market.

Regulatory duty on rice has been reduced to 5 percent from 25 percent, National Board of Revenue (NBR) said in a notification today.

“Different varieties of rice except aromatic one will be allowed to import under this new arrangement with prior approval from the food ministry,” said the NBR notification.

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