Industry leaders call for SRO withdrawal

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LAHORE: Trade and industry leaders, including Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), Pakistan Hosiery Manufacturers Association (PHMA), Pakistan Tanners Association (PTA), Anjuman-e-Tajran Pakistan joined hands on Wednesday against the imposition of two percent tax on exports and called for early withdrawal of the SRO. PHMA Central Chairman Javaid Bilwani, PTA Chairman Agha Saidain, PHMA Chairman Adil Butt, former LCCI president Sheikh Muhammad Asif and a large number of executive committee members met under the chairmanship of LCCI President Farooq Iftikhar. During the meeting, the participants also decided to hold a meeting with caretaker prime minister against the imposition of two percent value-added tax on all the five zero-rated sectors.

They also decided to launch a media campaign against the controversial SRO. Speaking on the occasion, LCCI president said that all options, including a call for strike and dharna in Islamabad and hoisting black flags on industrial units are open for the business community.

He regretted that the government was not realising the social impact of the SROs and only protecting certain vested interests. “Millions of workers are attached with the export-oriented industry and in case of business closure, they would become jobless,” he said.

PHMA Central Chairman Javaid Bilwani said that unilateral issuance of SROs is enough to make the point that the business community hardly matters when it comes to policymaking or issuance of SROs. He said that all over the world, economic policies are made and implemented in consultation with the business community but in Pakistan, the situation is the other way round.

PRGMEA Chairman Sajid Saleem Minhas said that business is already facing liquidity problems and the controversial SRO will worsen the cash-flow further.

PTA Central Chairman Agha Saidain said that the export-oriented industry is zero-rated all over the world. He said that the government should take cue from advanced economies and withdraw the SRO. “Exports are not taken as revenue earner rather they bring in the much needed foreign exchange reserves and create jobs,” he said. PRGMEA former chairman Ejaz Khokhar said that all the five zero-rated sectors and chambers of commerce in the country should protest against the controversial SRO.

 

Courtesy: The News


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