PHMA calls for promoting industrialization, enhancing exports

zonal chairman Faisal Mehboob Sheikh and chief coordinator Adil Butt, in a joint statement issued here on Thursday, stressed the need for the revival of SRO 1125, reintroducing the system of No Payment No Refund of Sales Tax for the five export-oriented sectors.

He said that the business community was facing tough challenges because of limited business. In this context, he sought the attention of the government for formulation of the regional, provincial and central level task force, and formulation of sector-wise regional policies which would help the government address the problems confronted by exporters.

Apparel industry should be allowed to import fabric under SRO 492 scheme as the weaving industry of Pakistan is unable to fulfil the demands of fashion wear. It is proposed that cotton yarn, the major raw material of the apparel sector should be exempted from all duties and taxes to encourage value addition.zonal chief suggested that One Window Operation should be introduced for replacing the lengthy procedures that involve the interaction of manufacturers with various agencies.

He also sought the government’s attention for formulating aggressive marketing plan and hurdle-free policies as well as urgent decisions in favour ofwhile taking on board major stakeholders. Adil Butt called for concerted efforts for exploring new markets both traditional and non-traditional in order to introduce homemade products. He urged the government to announce favourable policies and allow duty-free import of raw material and accessories.

We direly need a stimulus economic plan coupled with relief package by the government to maximize production and fill the gap created by Covid-19. He also emphasized the need for seeking technical knowhow from China and other countries for the sake of innovation and improvement of products.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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