SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) has urged the government to abolish the penalties imposed on Export Refinance Schemes pertaining to inability to achieve the targets.
Talking to the newsmen here today, the SCCI President Majid Raza Bhutta expressed grave concern over the 30 percent decline in overall exports of Pakistan.
He said that the government should facilitate the exporters by providing essential relief in terms of waving off penalties on the Export Refinance Schemes.
SCCI President Majid Raza Bhutta added that due to the prevailing decline in national exports of Pakistan the exporters despite all efforts were unable to meet the projected export targets which would add in the woes and troubles of the Export Industry.
He revealed that the export-oriented industry of Sialkot was striving to increase the exports but yet lacking essential facilitation and patronage by the government in such difficult times.
Anticipating significant reliefs ahead of Federal Budget for the Financial Year 2017-18, SCCI President Majid Raza Bhutta urhed the Finance Minister Ishaq Dar to consider the proposal of elimination of fines on Export Re-Finance Schemes and that the waiver may be declared till the exports of Pakistan start showing a positive trend.
SCCI President was of the view that such facilitation would not only provide the direly needed relief to the exporters but also motivate them to do more and go an extra mile to reverse the prevailing situation and play their role in enhancing Pakistan’s Economy by bringing stability and increasing exports in the coming months.
