Dar announces incentives to promote fish farming

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ISLAMABAD, June 3 (APP): Minister for Finance Senator Ishaq Dar Friday proposed several incentives to promote fish farming sector in the country during the fiscal year 2016 17.
In his budget speech, he proposed to reduce customs duty on import of fish feed pellet machines and water aerators from 5 percent to 2 percent.

“Fish feed is subject to 10 percent customs duty whereas
shrimp feed is at 20 percent. The duty on import of fish and shrimp feeds is proposed to be exempted,” he said.

Similarly, he also proposed removing customs duty on import of live baby fish.