Regulatory Duty: LCCI demands withdrawal

Regulatory duty regime would not only destroy exporting sector

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javaid demanded the withdrawal of regulatory duty until and unless a consensus was developed between stakeholders. According to a spokesman for the LCCI, the president held separate meetings with Federal Minister for Industries & Production Ghulam Murtaza Khan Jatoi, Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan and Federal Board of Revenue Member Customs Zahid Khokhar and apprised them of the regulatory duty. Javaid said that the regulatory duty regime would not only destroy the exporting sector but will also hit the manufacturing sector as a number of raw material had been subjected to new regulatory duty.

Published in The Express Tribune, December 1^st, 2017.

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