CNIC condition damaging business



Chairman Pakistan Steel Re-rolling Mills Association Karim Aziz Malik has said that the CNIC condition has taken a toll on the trading and industrial sector and it is crippling the iron and steel industry. In a statement on Friday, Karim Aziz Malik said that the lingering stalemate between FBR and business community over sharing of CNIC is not in the national interest therefore the matter should be resolved. He said that the business of the iron and steel sector has been reduced by almost forty percent and many units have been closed which is hitting employment and revenue generation. Karim Azizi Malik who has also served as Vice President of FPCCI said that the Prime Minister Imran Khan has recently announced while talking to business community in convention centre that NIC condition for the industrial sector would be deferred after which the industrialists tool a sigh of relief. However, he said, the decision of the PM has not been implemented therefore a notification should be issued without further delay to calm the industrialist community. The business leader said that there are around 160 re-rolling mills providing jobs to hundreds of thousands of people and paying billions of rupees in taxes but they are facing serious unresolved issues.—INP

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