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LAHORE: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Management Committee Regional Chairman Punjab Muhammad Nadeem Qureshi on Tuesday demanded the government that the packaging industry be given immediate industry status. The packaging industry is the backbone of all industries.

He expressed these views while addressing the All Pakistan Corrugated Cartons Manufacturers Association here at FPCCI Regional Office Lahore.

He further said that the corrugated cartons manufacturing sector holds significant importance in all industries. The advent and widespread popularity of online business and e-commerce have increased the importance and value of the corrugated cartons sector. Corrugated cartons are the first choice for many product and service industry businesses due to their efficiency, durability, and dependability.

Nadeem Qureshi said that The Prime Minister’s third amnesty scheme since 2018 will allow Pakistani industrialists to invest in the manufacturing sector. As a result, Pakistani industrialists can invest in the country’s manufacturing sector and set up new units at a 5 percent tax rate without any fear of investigating the source of investment.

He said Business Community should also focus on The Federal Budget 2022-23. It’s the right time for the submission of Pre-Budget Proposals to negotiate with the government before preparing the Federal Budget 2022-23. Once the Federal Budget 2022-23 is ready, it is difficult to negotiate and change the proposals.

He further said The SME sector is the backbone of the economy, contributing immensely to uplift the Industries and Employment. The SME only requires exposure to export its products; once that’s achieved, Pakistan’s Balance of Trade will increase many folds.

On occasion, Chairman All Pakistan Corrugated Cartons Manufacturers Association Zaki Ijaz Qureshi, Senior Vice Chairman Khawaja Tariq Mehmood, Vice Chairman Haji Faisal Ikram, Founder Chairman Adnan Khalid Butt requested that FPCCI should play its role in giving industry status to the packaging industry. Furthermore, support should be given to the packaging industry in research and development.

Muhammad Nadeem Qureshi assured the co-operative cartons of full cooperation of the FPCCI and said that FPCCI would extend all possible cooperation to solve the problems.

Copyright Business Recorder, 2022

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