Published On: Sat, Apr 6th, 2019
Published in Category: Business / Lahore

Business community asks for withdrawal of controversial SRO

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Lahore: Pakistan Chemicals and Dyes Merchants Association (PCDMA) and Indenters Association of Pakistan has demanded that SRO 1125(I)/2011 should be abolished at once as it is creating lot of troubles for them.

A joint delegation of both the associations ,under  the leadership of Saquib Fayyaz Magoon, Former Vice President FPCCI visited LCCI and discussed their demand with the LCCI Vice President Faheem-ur-Rehman Saigal .

They said LCCI should  take up this matter of unjustified taxation of these sectors with Prime Minister and Federal Finance Minister to get it resolved.

“This SRO was applicable after reducing a long list of multipurpose items (used by all industries) to a very short list of those items which are mainly used in five zero-rated sectors such as textile, leather, carpet, surgical and sports”, they added.

The delegation members said that the commercial importers are providing industrial raw material for value addition to industries. Therefore all stakeholders in this chain have same respect so must be given opportunity to be heared before taking any harsh measures.

The LCCI Vice President Faheem-ur-Rehman Saigal assured the delegation that genuine reservations of Pakistan Chemical & Dyers Merchants Association and Indenters Association must be addressed by the top authorities.

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