ISLAMABAD: Senate Standing Committee on Commerce and Textile Industry, in its meeting, recommended to the Ministry of Commerce to take due measures for clearance of 55 arm and ammunition shipments lying with the custom authorities at the port in favour of the importers.
The meeting was held under the chairmanship of Leader of the House Senator Syed Shibli Faraz here at the Parliament House and was attended among others by Senators Nauman Wazir Khattak, Nuzhat Sadiq, Secretary Commerce and other officials.
Secretary commerce told the committee that the import policy allowing arms and ammunition expired in 2015 and all parties were given a time period of two years to get done with all their contracts and these shipments reached after the expiry.
The committee, however, was of the view that if a compensation was given to some importers back in 2015 then a one-time relief can be given to these 55 shipments also with a caveat that it will not happen again.
The members of the committee called for promoting documented arms and ammunition industry and facilitating them within the ambit of law so that smuggling can be reduced.
The committee was also given brief overview of the new Strategic Trade Policy Framework and new policy initiatives relating to tariffs, trade and investments for the next five years.
It may be noted that after elevation to the office of Leader of the House in the Senate, this was the last meeting conducted by Senator Shibli Faraz as its chairman.
