Machinery: PTA slams withdrawal of duty exemption

KARACHI: Pakistan Tanners Association (PTA) South Zone Chairman Aziz Ahmed has strongly condemned the Federal Board of Revenue’s (FBR) decision to withdraw exemption on duties on import of plant and machinery. He termed the FBR decision as anti-industry and anti-Pakistan as it would cripple the economy of the country and ultimately halt the industrialisation of the country. He said that at this juncture when country needs to provide more and more incentives to the industry for the revival of the economy and create employment opportunities the government is trying to strangulate trade and industry on the whims of International Monetary Fund and World Bank. Aziz said that the industry is already facing a tough time, while the government continues to take anti-economy decisions.

Published in The Express Tribune, May 28^th, 2011.