date:Aug 02, 2013
Authorities in Pakistan are under pressure from the industry and state governments to abolish a 5-percent withholding tax on wheat imports which will bring down the cost of the imported grain.
The cabinet's Economic Coordination Committee (ECC) is likely to take up the issue in the coming days, traders said.
Prices in the domestic market are much higher than international prices, said one Singapore-based trader who has been selling cargoes to Pakistan. We think they will be active in the mar