Government lauded for discouraging unnecessary imports

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Islamabad Chamber of Small Traders on Wednesday lauded the government for discouraging unnecessary imports which will encourage local producers. The decision to slap additional duties on inessential imports will reduce the loss of foreign exchange while promoting local production, provide employment and generate additional revenue, it said. The decision of the government to discourage imports of needless items will reduce trade deficit which has touched alarming proportions, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt. 

He said that duties should be increased on various items to discourage pointless imports of food items and luxuries. Duty on import of fish should be revised to thirty percent from the current twenty-five percent, he demanded. Shahid Rasheed Butt said that regulatory duty on yoghurt, cheese, honey and other dairy products should also be revised upward.

He said that duty on import of fruits and vegetables, cornflakes, biscuits, bread, pickles, dry fruit juices, ice cream, ketchup, coffee, beverages, mineral water etc. should also be reconsidered. The business leader said that we support move to hike duty on cosmetics, leather items, shoes, fans, sports goods, wooden furniture, arms and ammunition and demand additional duty on hundreds of items which are being imported due to liberal import policy.

Posted on: 2017-06-29T10:15:00+05:00

$2.88 billion

Pakistan's merchandise trade deficit for the month of November

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