LAHORE: The business community has demanded the government implement zero rating on five export sectors as committed by Federal Finance Minister Ishaq Dar and Advisor to Prime Minister Haroon Akhter Khan after announcement of the federal budget.
Talking to reporters, Dr Khurram Tariq, chairman of the Pakistan Hosiery Manufacturers and Exporter Association and Shazad Azam Khan, chairman of the Pakistan Knitwear and Sweaters Exporters Association, said that exporters wanted to sign contract with foreign buyers keeping in view their cash flow and the government should clearly announce its sales tax policy.
Shahzad Azam said that government seems to be backing out from its commitment and as such exporters are reluctant to make export commitments with their overseas buyers. In order to remove uncertainty, the government should immediately issue SRO in this regard.
Dr Khurram Tariq was of the view that non fulfillment of commitment by government will result in loss of its credibility and business circles will no more believe in their polices. He stressed that only long term polices can maintain momentum of export business otherwise Pakistan will be labelled in the world market as a non-reliable supplier. He therefore urged that required SRO may be issued without loss of time.
