The Chairman, Pakistan Tanners Association (PTA) South Zone, Aziz Ahmed, has strongly condemned the FBR's decision to withdraw duty exemption on import of plant and machinery. He termed the decision of the FBR as anti-industry and anti-Pakistan as it would cripple the economy of the country and ultimately halt the industrialisation of the country.
He said that at this juncture when country needs to provide more and more incentives to the industry for the revival of the economy and create employment opportunities the government is trying to strangulate trade and industry on the whims of IMF and World Bank.
Aziz said that the industry is already facing hardest time in the history of Pakistan and facing closure due to enormous increase in utilities' charges, record high prices of POL, highest interest rates and ever increasing law-and-order situation is resulting in shut downs, rendering exporters unable to meet the export orders and thus export proceeds are declining while government is taking anti-economy decisions. He termed the imposition of import duty on plant and machinery as the last nail in the industry's coffin. He earnestly demanded to withdraw this decision and all the machinery lying at the port should be cleared duty free.-PR
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