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PYMA demands to remove Regulatory Duty imposed on import of yarn

PYMA demands to remove Regulatory Duty imposed on import of yarn

LAHORE: Pakistan Yarn Merchants Association (PYMA) while drawing attention of new appointed Dr. Miftah Ismail, Advisor to the Prime Minister on Finance, Revenue & Economic Affairs has again demanded to remove Regulatory Duty imposed on import of yarn.

Talking to media Central Chairman PYMA, Khurshid A. Shaikh, Zonal Chairman Muhammad Aslam Moten & Zonal Vice-Chairman Muhammad Khalid Gader have expressed their pleasure & satisfaction over appointment of Dr. Miftah Ismail and hoped that the New Advisor for Finance, Revenue & Economic Affair possess an In-depth understanding of issues faced by Trade & Industry. Therefore, with a background of remarkable achievement, he must implement his decisions for Enhancement of Commercial & Industrial activities.

PYMA Office-bearers, while expressing their deep concern over hurdles in imports of yarn & continuous increase in production cost in the Textile Industry, Which is backbone of National Economy have said that by removing Regulatory Duty, Government may play a vital role in supply of cheap Raw material to Textile Industry. Commercial Importers of yarn, who are the basic facilitators of SMEs Sector, Should be provided a Level Playing field along with un-discriminatory business environment will definitely result into supply of cheap Raw Material to Export Oriented Industries.

PYMA have requested Dr. Miftah Ismail, advisor on Finance, Revenue & Economic Affairs to bring all stakeholders on board for improvement of Economical & Financial policies in order to prepare effective policies for removal of issues & problems faced by related industry. They stressed upon Government that by broadening Tax net & reduction in corruption, Economical stability & Business Enhancement may be achieved & National Economy will be saved from collapse.