PYMA for removal of regulatory duty on import of yarn


KARACHI: Pakistan Yarn Merchants Association (PYMA) while drawing attention of 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, says a Press release.
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 Lavel Playing field along with undiscriminatory Business Environment will definitely result into supply of cheap Raw Material to Export Oriented Industries.
PYMA Office Bearers 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.