Karachi: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has requested the government not to withdraw the zero-rating facility currently offered to the export industry, a news source reported.
FPCCI President Engineer Daroo Khan Achakzai expressed his views on the matter in a joint statement that included remarks of Former President FPCCI M. Muneer and Senior Vice President SAARC-CCI Iftikhar Ali Malik.
The participants expressed their concerns over the speculation pertaining to the withdrawal of zero-rating facility for five key exports sector in the upcoming budget.
They said that the withdrawal of zero-rating facility to the sector including value-added textile, leather, carpet, surgical instruments, and sports goods will led to a decline in the country’s exports industry.
These five sectors collectively make 70 percent of their earning from exports, and significantly contribute to foreign exchange, as well as generate employment opportunities for skilled and unskilled labour force.
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