AIRLINK 74.25 Decreased By ▼ -0.35 (-0.47%)
BOP 5.05 Decreased By ▼ -0.09 (-1.75%)
CNERGY 4.42 Decreased By ▼ -0.08 (-1.78%)
DFML 35.84 Increased By ▲ 2.84 (8.61%)
DGKC 88.00 Decreased By ▼ -0.90 (-1.01%)
FCCL 22.20 Decreased By ▼ -0.35 (-1.55%)
FFBL 32.72 Increased By ▲ 0.02 (0.06%)
FFL 9.79 Decreased By ▼ -0.05 (-0.51%)
GGL 10.80 Decreased By ▼ -0.08 (-0.74%)
HBL 115.90 Increased By ▲ 0.59 (0.51%)
HUBC 135.84 Decreased By ▼ -0.79 (-0.58%)
HUMNL 9.84 Decreased By ▼ -0.13 (-1.3%)
KEL 4.61 Decreased By ▼ -0.02 (-0.43%)
KOSM 4.66 Decreased By ▼ -0.04 (-0.85%)
MLCF 39.88 Increased By ▲ 0.18 (0.45%)
OGDC 137.90 Decreased By ▼ -1.06 (-0.76%)
PAEL 26.43 Decreased By ▼ -0.46 (-1.71%)
PIAA 26.28 Increased By ▲ 1.13 (4.49%)
PIBTL 6.76 Decreased By ▼ -0.08 (-1.17%)
PPL 122.90 Increased By ▲ 0.16 (0.13%)
PRL 26.69 Decreased By ▼ -0.32 (-1.18%)
PTC 14.00 No Change ▼ 0.00 (0%)
SEARL 58.70 Decreased By ▼ -0.77 (-1.29%)
SNGP 70.40 Decreased By ▼ -0.75 (-1.05%)
SSGC 10.36 Decreased By ▼ -0.08 (-0.77%)
TELE 8.56 Decreased By ▼ -0.09 (-1.04%)
TPLP 11.38 Decreased By ▼ -0.13 (-1.13%)
TRG 64.23 Decreased By ▼ -0.90 (-1.38%)
UNITY 26.05 Increased By ▲ 0.25 (0.97%)
WTL 1.38 Decreased By ▼ -0.03 (-2.13%)
BR100 7,838 Increased By 19.2 (0.24%)
BR30 25,460 Decreased By -117.2 (-0.46%)
KSE100 74,931 Increased By 266.7 (0.36%)
KSE30 24,146 Increased By 74.2 (0.31%)

Pakistan Businessmen and Intellectuals Forum's (PBIF) president Mian Zahid Hussain has urged the government to save the local paper and board industry from being collapsed by provide it a level-playing field. "On an average a person in Pakistan consumes 210grams of paper as compared to the developed nations where per capita consumption is more than 100kg," he added.
He was talking to a delegation of Sindh Paper Mills Association (SPMA) which called on him to apprise about the problems being faced by the paper and board industry. The delegation was led by SPMA's former president Sheikh Rehan Jaweed. Voicing his concern over the crisis being faced by the industry, he deplored that as many as 50 out of a total 400 paper mills in the country have already been closed in the wake of energy crisis and other issues.
He suggested to the government to revive the local paper and board industry by taking measures aimed at curbing the papers' smuggling as well as by enhancing duty on the import of paper and board. He regretted that although the price of normal paper in the international market is $45 per ton, the same is available at $80 per ton due to enhanced cost of doing business.
He was of the view that the government by providing a level-playing field to the local industry could help it in producing world class paper which would be suitable for textbooks and as such the industry by exporting the same could fetch foreign exchange for country.
Moreover, discouraging import of paper would help the industrial growth, create job opportunities and in increased taxation, he opined. He said that the paper industry's problems could be gauged from the fact that local businessmen lost Rs 23 billion tenders of publishing textbooks for Afghanistan.

Copyright Business Recorder, 2015

Comments

Comments are closed.