‘SROs affecting Sialkot export industry’

SIALKOT: Chairmen of trade unions representing all five zero-rated export-oriented sectors and Sialkot Tax Bar Association have discussed the negative effects of SROs 505(I)/2013 and 98(I)/2013 on export industry with Sialkot Chamber of Commerce and Industry (SCCI) President Sheikh Abdul Majid in a meeting.

The SCCI President told the chairmen that he had pointed out the problems regarding the said SROs in meetings with Finance Minister Muhammad Ishaq Dar, FBR Chairman Tariq Bajwa, RTO Sialkot Chief Commissioner and other high-ups of the Board. It was told the meeting that the finance minister and FBR chairman were also requested in writing to give relief to Sialkot export industry but in vain.

Sheikh Abdul Majid, expressing concern on the government’s non-responsive attitude, said that implementation of SRO 505 and 98 had increased the cost of production by five to 10 per cent. He feared that declaring exporters as Sales Tax Withholding Agent would leave the businesses uncompetitive in the global market.

Pakistan Sports Goods Association Chairman Muhammad Iqbal Saleemi, Surgical Instruments Manufacturers Association Chairman Bilal Tanveer, Pakistan Leather Garments Manufacturers and Exporters Association (North Zone) Chairman Tassawar Hussain, Pakistan Readymade Garments Manufacturers and Exporters Association (North Zone) Chairman Mir Muhammad Farooq Meyer, Pakistan Gloves Manufacturers and Exporters Association Chairman Khurram Azeem Khan, Pakistan Hosiery Manufacturers Association VC Muhammad Rafi Sony were present in the meeting. Aftab Hussain Nagra, President; Zulfiqar Ahmed Nasir, Arshad Nawaz Mann and Waseem Arshad also attended the meeting on behalf of Sialkot Tax Bar Association.