In a meeting with Karachi Chamber of Commerce & Industry (KCCI), the National Tariff Commission (NTC) Chairman Naeem Anwar committed to addressing key tariff-related issues raised by the business community for inclusion in the upcoming Federal Budget 2024-25. NTC Chairman Naeem Anwar, responding to grievances from the business community regarding import/export tariffs and anti-dumping measures, assures that the concerns highlighted by KCCI will be thoroughly reviewed by the NTC team in Islamabad.
He emphasizes the importance of submitting detailed proposals to facilitate the budget review process.President KCCI Iftikhar Ahmed Sheikh acknowledges the Chairman’s commitment to resolving issues and expresses optimism that the recommendations provided by KCCI will be considered for the budget, ultimately benefiting the economy. Ibrahim Kasumbi, Chairman of the Special Committee for Budget Proposals, calls for prudent measures to control current account and fiscal deficits. He suggests reviewing policies to encourage local manufacturers to expand production and supports leveling the playing field for all businesses, particularly in sectors like tea importation and automobile manufacturing. The dialogue underscores the NTC’s role in fostering economic growth and ensuring fair trade practices, highlighting the importance of collaborative efforts between stakeholders and regulatory bodies to address industry challenges.
