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Pak FPCCI, PCDMA to resolve commercial importers' problems

Jan '20
Pic: Shutterstock
Pic: Shutterstock
President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Anjum Nisar recently agreed on joint efforts with the Pakistan Chemicals and Dyes Merchants Association (PCDMA) to resolve problems being faced by commercial importers. The development followed a meeting by Nisar with a PCDMA delegation led by its chairman Amin Yousuf Balagamwala.

Nisar assured that the government will be informed about the problems and contact with relevant departments will be intensified, according to Pakistani media reports.

Balagamwala said the customs department had not changed the valuation rolling for two years. In the global market, item prices have dropped below $1000 to $600, but instead of reducing the valuation rolling, the department is receiving duty at $1,000 from importers, which needs to be revised according to the global market.

He said the problem of 10 per cent additional sales tax needs to be addressed. Sales tax and duty tariff should be reduced to promote industrial activity, because commercial importers do not import consumer goods but import industrial raw materials, he said.

The government must reduce sales tax and duty tariff to ensure the supply of raw materials at reasonable prices, he added.

Balagamwala expressed concern over non-acceptance of the PCDMA certification for weboc ID, saying PCDMA is an A-class association. He said he would contact the Chinese Embassy in this regard and send a letter.

Fibre2Fashion News Desk (DS)

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