A four-member delegation of Karachi Timber Merchant Group on Monday apprised the Chairman Standing Committee on Finance and Revenue & Economic Affairs Qaiser Ahmed Sheikh that an exorbitant duty on wood and its items like Medium Density Fiber (MDF) Board is being received.
The delegation comprising on Honorary General Secretary, Mukhtar Hussain Dossani, Vice-President Zahid Hussain Piprani, senior member Saeed A Basathia & Managing Committee members Mushtaq Vali Mohammed, who attended the 71st meeting of the Standing Committee on Finance Revenue & Economic Affairs in Islamabad.
The members of the delegation explained the committee about the duty structure on MDF and demanded the government to reduce the duty on MDF Board as it is semi-finished product and a raw material for many industries. They also demanded to eliminate custom duty on wood and timber to safeguard meagre forest resources.
They further highlight that there are a number of value-addition industries in Pakistan and they use raw MDF as their raw material, any issues in the imports of MDF could result in massive unemployment in this sector, which would be harmful to multiple industries.-PR
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