SIALKOT: The Pakistan Stainless Steel Dealers Association has demanded the government reduce the sales tax on stainless steel products, besides, simplifying the complicated process of return of the refunds to the exporters, saying that these two direly needed steps would help the steel industry in the country.
Pakistan Stainless Steel Dealers Association President Ghulam Hussain and other steal importers and exporters including Ehsanul Haq, Jawad Ashraf Butt and Atif Iqbal said that the prolonged energy crisis has put the steel industry on the verge of collapse. They said that the proposed three percent increase in general sales tax (GST) by the government in the coming budget of the country would prove itself as the last nail in the coffin of this dying industry.
They said that reduction in GST would enable this steel industry to enhance its production capacity, saying that the early provision of cheaper raw material to the steel industry is the demand and need of the industry.
