Riaz Ahmed Tata, President, Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has advised the members of Pakistan Chemicals and Dyes Merchants Association (PCDMA) to consider establishing textile chemicals and dyes industries in the country.
He was speaking to a 15-members delegation of the association, led by its Chairman Mohammed Sabir Chippa, which called on him in Federation House. Riaz Tata said that PCDMA was a very old member body of FPCCI, ably serving the textile industry of the country.
Some of its members have acquired so much know how about the chemicals and dyes that they can, with some effort, set up industrial units on joint venture basis.
The Chairman of PCDMA Sabir Chippa said that industrial units could not be set up in the country in view of rampant smuggling. India has helped in the establishment and development of industries by first controlling smuggling.
He said that the item chemicals have been allowed in the Afghan Transit Trade Agreement although industry does not exist there to use it. Naturally the chemicals imported by Afghanistan will be smuggled to Pakistan.
President FPCCI pointed out that PCDMA was the only trade body, which had accepted the database system of customs valuation and wanted to know the reasons.
Ejaz Magoon, a senior member of the delegation said that the database system of customs valuation was better as under it, customs duty will be charged on equal base on all importers of an item and not on invoiced value.
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