EU approves trade incentives for Pakistan

KARACHI: European Parliament Thursday gave a go ahead to the temporary trade incentives for Pakistan, two years after its announcement made with a view to help the country recover from the massive devastation caused by widespread floods in 2010.

Under the above package, Pakistan's total exports to Europe could witness a boost up to 900 million dollars, the economic experts believed.

Moreover, the Europe will enjoy the benefit of importing 75 types of goods duty-free.

This exceptional measure, to apply until the end of 2013, will include fabrics, garments, linen, ethanol and leather.