The delegation of Karachi Timber Merchant Group (KTMG) met Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization here on Tuesday. Karachi timber merchant group was represented by Saeed Ahmed Basathia along with two other KTMG members. The KTMG representatives were given a chance to personally present the case point by point. The standing committee unanimously agreed that the cascading formula quoted by KTMG is well in place and directed the FBR representatives to follow the same for the fixation of customs duties on timber and allied items. Karachi Timber Merchant group is thankful to Qaiser Ahmad Sheikh Chairman, Standing committee on Finance, Revenue, Economic Affairs, Statistics and Privatization for hearing our case and we hope for his full cooperation in this matter.