PCMEA urges govt for viable solution of zero rating regime at earliest



Chairman Pakistan Carpet Manufacturers and Exporters Association (PCMEA) Naeem Sajid has urged the government to find a viable solution through dialogue on critical issue of zero rating regime at earliest.
He said, “Dampening environment has been forcing carpet industry to close down leading to fall of employability already hitting the rock bottom.
In order to control the damage and boost up exports, it is dire need of hour to hash out comprehensive policy in consultation with all stakeholders. Holding of International Carpet Exhibition in September has also landed into trouble due to inordinate delay in the release of funds.”
Naeem Sajid expressed these views while addressing joint session of all zones here on Saturday. On the occasion, acting senior vice chairman Kamran Rizi, senior central leader Abdul Latif Malik, Carpet Training Institution Chairperson Pervaiz Hanif, Senior member Riaz Ahmed, Saeed Khan, Akbar Malik and others.
The joint session took stock of emerging crisis in the wake of 17 percent tax imposition and oblivion of zero rating regime. It also reviewed stages of preparations to hold International Carpet Exhibition.
In the meantime, senior central leader Abdul Latif Malik informed about details of delegation meeting led by him with FBR Chairman Shabar Zaidi.
He said that delegation realized FBR Chairman about status and nature of carpet industry, clearing the point that carpet Industry was cottage industry so 17 percent tax stood unjustified.—INP