LAHORE: Smuggling of tyres from neighboring countries is affecting the growth of local industry badly. FBR should curb this smuggling of tyres and take strict action against the smugglers who are not only damaging national exchequer but also hindering the growth of local tyre industry, local tyre industry said.
Sources in the local industry said that curbing smuggling can not only promote local industry but will also attract foreign and domestic investment in country. Local industry said that government should ensure uninterrupted gas and electricity supply. Some anomalies in existing tariff are also causing hurdles in progress of tyre industry. They demanded of the government to promote local tyre industry by directing its departments and industries to purchase tyres only from local industries.
An official of General tyres said that the company’s primary objective was to manufacture tyres of international quality for all types of vehicles so that government could save millions of dollars currently being spent on importing tyres. “The company was, on one hand, paying huge amount under the head of taxes and on the other, earning much needed foreign exchange for the country by exporting its tyres,” he said, adding that General tyres was also exporting its tyres to Afghanistan, Syria and Bangladesh.
