Karachi, January 14, 2015 (PPI-OT): A 40 member delegation of Pakistan Chemical Dyes Merchant Association visited FPCCI Head Office under the leadership of their Chairman Haroon Nisar Numberdar to meet Mian Muhammad Adrees, President FPCCI to discuss various issues pertaining to their business. The meeting was also attended by Muhammad Waseem Vohra, Shahnawaz Ishtiaq, Ikram Rajput, Vice Presidents of FPCCI.
Mian Adrees said that FPCCI will play vital role in enhancing the bilateral trade and economic activities of Pakistan with rest of the world and will give a comprehensive vision to the government and the business community as well that how the economic coordination can lead to strengthen economic ties between other countries.
He said that the Prime Minister Mian Nawaz Sharif has expressed his confidence over the new management of FPCCI and tasked them to devise the strategy for economic revival of the country during 2015. He further said that the FPCCI will closely work with its member bodies and will provide them all possible assistance, cooperation and guidance in resolving their trade related issues with the government and other concerned agencies as well.
Haroon Nisar Numberdar, Chairman, PCDMA said that there are various government policies which discriminate the status of commercial and industrial importers. He said that both are doing same business and should be treated equally in tax mechanism.
The commercial importers ultimately consume/supply imported raw material to the industry particularly SMEs. He drew the attention of the President FPCCI pertaining to audit. He informed that commercial importers are paying 17% GST and 3% value addition tax at import stage.
This value addition tax was imposed to provide exception for audit. Now Government has unilaterally removed the exception which is highly unjustified. The exception clause should thus be restored. Mian Muhammad Adrees, President FPCCI and Muhammad Waseem Vohra, Vice President FPCCI assured their full support and cooperation in raising voice in the concerned quarters to resolve the issues of PCDMA.
For more information, contact:
M. A. Lodhi
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
B-1, Federation House, Main Clifton Road,
Tel: +92-21-35873691, 93-94