RAWALPINDI: demand Govt to review imposition of Regulatory Duty President Rawalpindi Chamber of Commerce & Industry (RCCI) Zahid Latif Khan Thursday urged the government to review imposition of Regulatory Duty (RD) on import of more than 700 items.Addressing a meeting of traders in his office, he said that local industry is unable to meet the growing demands while most of the items are not being manufactured here and imposition of RD will widen the gap between imports and exports.
He said government claimed that RD was imposed on luxury goods, however, he added that certain surgical goods, medical gloves, diapers for senior citizens, chemical and raw material being used in medicines was also included in the luxury item.
The Chamber president urged that government to reduce taxes on manufacturing inputs, take immediate measures for lowering the cost of production.
Zahid said that concerned have already communicated to FBR Chairman and expressed the hope that anomalies in taxes and duties will be removed as soon as possible.
RCCI chief also urged FBR to hold meetings with stakeholders to avoid adverse impact on consumer prices and cost of doing business for trade and industry.
He said rise in trade deficit pose a big challenge for the government, this can only be shortened once the key stakeholders are involved in trade related decisions
