Withdrawal of zero rating regime to harm export industry: PALIMA
Karachi, June 03, 2019 (PPI-OT): Chairman Pakistan Artificial Leather Imports and Merchants Association (PALIMA), Anjum Nasim and Central leader Shabir Mansha have shown their serious concern over the proposal of withdrawal of zero rating regimes would have adverse impact on export industry and urged the government to drop idea of withdrawal of zero rated facility in best interest of the country.
Speaking at managing committee meeting, they said that the withdrawal of zero rating facility of key five sector i.e. value added textile, leather, carpet, surgical instruments and sports goods will decline further exports of Pakistan which is confronted with many challenges. This system would serious adverse implication on the entire textile value chain.
They added that the withdrawal of this facility will increase cost of doing business high utility cost, as Pakistan’s exports are already facing a tough competition in international market due to enormous facilities given by the regional countries to their exporters. They further stated that government should find new avenues for enhancement of its revenue instead of damaging the exports sector which is already on a decline. They further suggested that the government should facilitate the industrialization in Pakistan particularly value added industries for the enhancement of exports.
For more information, contact:
Pakistan Artificial Leather Importers and Merchants Association (PALIMA)
102/A, Uni Centre, I.I. Chundrigar Road, Karachi, Pakistan