Home / Knowledge / News / Textiles / Pak FPCCI, PCDMA to resolve commercial importers' problems

Pak FPCCI, PCDMA to resolve commercial importers' problems

29
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)


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Sep 2021

EU extends GSP plus status for Pakistan with 6 new conventions

The European Union (EU) has extended its general system of...

Pic: Shutterstock

Apparel/Garments | On 25th Sep 2021

Bangladesh seeks Russian support for ensuring direct exports there

Bangladesh commerce minister Tipu Munshi recently sought Russian...

Pic: Boris-B / Shutterstock.com

Retail | On 25th Sep 2021

US’ Halloween spending to reach $10.14 bn this year: NRF

Consumer spending in the US on Halloween-related items is expected to ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Great step towards realising end goal of 'AtmaNirbhar Bharat'

Textile Industry, Head honchos

Textile Industry
Head honchos

Biggest learning was adaptability

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry with brand ethos

Raiyan Islam,

Raiyan Islam

Founded in 1981 by Sayeeful Islam, Concorde Garments Group is a market...

Alberto Gotti,

Alberto Gotti

Danitech was born from the will of a group of technicians to offer the...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Robert Brookins, Alexium International

Robert Brookins
Alexium International

Alexium International is a specialty chemical development company...

Archana Jaju, Label Archana Jaju

Archana Jaju
Label Archana Jaju

<b>Archana Jaju</b>’s Hyderabad-based eponymous label works with artisans...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Aprajita Toor, Aprajita Toor

Aprajita Toor
Aprajita Toor

The creations by <b>Aprajita Toor</b> were born out of a deep desire to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search