AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)
Pakistan Print 2020-05-31

PAAPAM for proper implementation of SROs 655, 656

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has said it wants proper implementation on auto sector related SROs 655 and 656.
Published 31 May, 2020 12:04am

Pakistan Association of Automotive Parts & Accessories Manufacturers (PAAPAM) has said it wants proper implementation on auto sector related SROs 655 and 656.
The Association which attracted ire of auto assemblers on a letter written to the Engineering Development Board (EDB) is also of the view that PAAPAM has only one core objective that is 'Make in Pakistan' and protect the interest of auto part markers, adding that the letter of PAAPAM chairman is being taken out of context.
In a joint statement, PAAPAM chairman Muhammad Akram and senior vice chairman Saad Shirani said the Association feels that with implementation on SROs in letter and spirit, more localization will occur and government revenues will also increase when proper customs duty is rates are applied.
"In these SROs no change is being demanded. Just proper implementation as per the law," PAAPAM said, adding that the Association also desires to upgrade SRO 993 by removing numerous old components in it (issued in 2004) and update with recent newer components being made in Pakistan already.
With regard to issue of removal of general secretary of the Association, PAAPAM said that the managing committee deemed it necessary to replace with fresh younger staff. A proper resolution was moved by the chairman via circulation (due to Covid-19) and signed by respective MC with majority.
The Association has also formed a consortium of its member companies to undertake ventilators project. The product is being developed locally is on an FDA approved designated and already under manufacturing in the US. When developed it will save countless human lives in Pakistan as well as make ventilator procedures available to off site hospitals example in field locations, rural area health centres, ambulance etc.

Copyright Business Recorder, 2020

Comments

Comments are closed.