ISLAMABAD (APP) - Minister for Finance and Economic Affairs Syed Naveed Qamar has said that 15-50 per cent regulatory import duty on 379 luxury items would have no impact on domestic market. "The regulatory import duty on such items will also help reduce import bill of the country," he told journalists after inaugurating e-service project of Securities and Exchange Commission of Pakistan (SECP) here on Friday. He said that regularity duty would not be imposed on items imported from countries having Free Trade Agreement (FTA) with Pakistan, including China.   Qamar said that the government was not in a position to reduce prices of petroleum products, saying that government was still providing Rs 17-18 per litre subsidy on diesel. To a question, he said the country's foreign exchange reserves had reduced but the government had no intention to approach International Monetary Fund (IMF). He said that Asian Development Bank would be providing $500 million, however, the government would try to convince ADB to enhance the amount to $1 billion to help stabilise the economy. "Talks between Pakistan and World Bank over the US$1.5 billion for project financing are continuing on fast track." Earlier speaking on the occasion, Chairman Razi-ur-Rehman formally inaugurated Rs 38 billion e-service project of SECP which has been launched to improve efficiency and effectiveness of the business processes of the commission with speed, transparent and paperless environment. He said that the project would go long way in facilitating and making it easier for representatives of companies and the business communities to interact with and obtain information from SECP through electronic modes in a swift and easy manner. He said the project would facilitate the corporate sector, practitioners, consultants and the public at large. It will facilitate the availability of name, incorporation for companies and e-filing of statutory returns besides enabling the promoters and other officers of the company to interact online using e-services portal, without visiting the company registration offices at SECP. "SECP has signed an agreement with National Institute of Facilitation Technology (NIFT) for the provision of digital signatures at subsidised rates," he said adding that for this purpose, the corporate sector would have to log on to www.niftetrust.com. Rehman said the project was initiated in 2003 and completed in 2008 adding that now all SECP data would be computerised to facilitate customers. It may be recalled that SECP had arranged a number of seminars in various big cities to create awareness about the project and discuss and seek input and advice from the stakeholders before launching it.