Additional RD Will Increase Smuggling, Arif Lakhani

M. Arif Lakhani, Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA), has expressed serious concern over imposition of Regulatory Duty on 250 imported item from Ministry of Commerce and FBR and totally rejected the imposition of regulatory duty.

Chairman PCDMA Said that this move will obstruct the progress of country, So before going to implement any decision, it should be consulted with all stake holders to avoid any effect in Economy of country and business activities, make decision with mutual consent.  

Arif Lakhani said that basic item of house hold including pulses and fruits and 100 items from agriculture Sector also included in the list of regulatory duty of 250 imported items, which is not wisely decision. He further said that imposition of RD on imported Raw Material of industries and agricultural product will definitely make the bad impact on Importing activities, because importers will import limited, due to additional regulatory duty ,Which increase their value and it also shortage of important items included pulses in the local market, its causes the increase of price in local market and increase inflation, which effect the common man, also Promote Smuggling, which causes loss of National Revenue.

Chairman PCDMA has demanded Federal Commerce Minister and Chairman FBR that not to impose any additional regulatory duty on any imported item without consultation to all stake holders, before making any decision and give importance to their suggestion, which make Economic stability and country will move fast in path of progress.