Sialkot Chamber of Commerce and Industry (SCCI) president Muhammad Ashraf Malik said incentive schemes to the exporters were vital to keep the industry competitive in the international market especially considering the peculiar situation of the economy.
While sharing his views with media on Saturday, Ashraf Malik said the Prime Minister Incentive Programme launched in 2016 provided a much needed boost to export sector with a 7 percent drawback and acted as a catalyst to reverse the downward trend of exports at that time. However, lamented that the rate of drawback, which was later reduced to 3 percent should have remained at 7 percent to achieve the desired targets he added.
The Chamber president referring to the recent statement of Prime Minister Imran Khan regarding priority of his government to run the economy on strong foundations to create opportunities for livelihood, increase trust among foreign investors and enable local industries to flourish, stressed that the rate of drawback vide SRO 711(I)/2018 should be enhanced to 7 percent to achieve the said goals and targets of exports.
Copyright Business Recorder, 2019
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