PCMEA demands to ease remedial measures at Torkham Border

PCMEA demands to ease remedial measures at Torkham Border

LAHORE (NNI): The Pakistan Carpet Manufacturers and Exporters Association (PCMEA) on Sunday appealed to Prime Minister Imran Khan, Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin and Advisor to Prime Minister on Trade and Investment Razak Dawood to abolish all taxes and duties on partially finished raw materials coming from Torkham border.
In an open letter to the Prime Minister Imran Khan, Adviser to Prime Minister on Finance and Advisor on Trade and Investment, Chairman Carpe Training Institute Parvez Hanif and Group Leader Carpet Manufacturers and Exporters Association Abdul Latif Malik have said that the carpet industry is facing a lot of difficulties due to the devaluation of Pakistani rupee against US Dollar. They also said that trade bodies also facing difficulties while dealing the matters of import and export of raw material through Torkham Border.
They stated that the devaluation of rupee and hurdles at Torkham Border creating difficulties for traders while dealing and making agreements with the foreign traders, resulting problems while signing long-terms Memorandum of Understandings with foreign counterparts.
The Carpet Association leaders also welcomed the forthcoming meeting of the Foreign Ministers of Organization of Islamic Cooperation (OIC) and other international donors in Pakistan. They termed the meeting as beneficial for both Afghan and Pakistani business community. They said that a large number of Afghans are getting benefits through preparation of carpets in Pakistan. However, instead of solving the problems, the carpet industry is being ignored in Pakistan.
They also said that carpet sector has a huge potential of earning a foreign exchange if the government supports the industry.
The Carpet Association leaders added said Pakistan’s handmade carpet products are becoming out of competition abroad due high production cost and taxes. This decision will not only secure the employment of a large number of artisans in Pakistan but will also provide employment opportunities to poor artisans. The government is required to take our demands seriously or else exports will fall further.

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